First National Bank - Hartwell, GA

Episode Information

Episode UID: 1169501585
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 116950 national
Charter Number: 11695
Start Date: January 29, 1932
Location: Hartwell, Georgia (34.353, -82.932)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 11be3e59097e633a

Response Measures

None

Receivership Details

Depositor recovery rate: 95.8%
Date receivership started: 1932-03-08
Date receivership terminated: 1937-08-30
Share of assets assessed as good: 30.1%
Share of assets assessed as doubtful: 60.4%
Share of assets assessed as worthless: 9.5%

Description

Receivership for this bank is known to have been assigned on 1932-03-08.

Events (3)

1. May 1, 1920 Chartered

Source: historical_nic

2. January 29, 1932 Suspension

Cause Details: Bank failed to open for business on the morning noted; article gives no cause or explanation.
Newspaper Excerpt: HARTWELL, Ga. — (INS) The First National Bank of Hartwell, this city's only bank failed to open for business Friday morning.
Source: newspapers

3. March 8, 1932 Receivership

Source: historical_nic

Newspaper Articles (1)

1. January 29, 1932 The Birmingham News Birmingham, AL

Article Text

THREE BANKS CLOSED Hartwell, Thomasville, Ga., And Cherokee, Kan., Houses Shut HARTWELL, Ga. — (INS) The First National Bank of Hartwell, this city's only bank failed to open for business Friday morning. THOMASVILLE, Ga. — (INS) — The Bank of Thomasville, one of South Georgia's oldest banks, had been closed Friday at the direction of the state bank examiner. Officials announced the action was taken to protect depositors after a run developed. The bank was capitalized at $150,000. CHEROKEE, Kan. — (AP) — The First National Bank of Cherokee was closed Friday by the board of directors. The institution had deposits Thursday of approximately $150,000 and was capitalized at $25,000. 12 ARE ARRESTED MONTGOMERY—(AP)—Arrest of 12 persons Thursday followed raids by federal prohibition officers Wednesday. The arrests followed several weeks undercover work and included some of the largest wholesale liquor dealers in Southern Alabama, Victor J. Buthod, deputy prohibition administrator, said.