Tri County National Bank - Oliver Springs, TN

Episode Information

Episode UID: 1199801599
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 119980 national
Charter Number: 11998
Start Date: March 6, 1933
Location: Oliver Springs, Tennessee (36.045, -84.344)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: bce6f441592273a6

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-09-14
Date receivership terminated: 1937-12-14
Share of assets assessed as good: 17.7%
Share of assets assessed as doubtful: 59.0%
Share of assets assessed as worthless: 23.2%

Description

The article claims the bank went into receivership March 25, but the provided known receivership date is 1933-09-14.

Events (4)

1. July 30, 1921 Chartered

Source: historical_nic

2. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Closed by a conservator acting for the comptroller of the currency during the banking holiday period.
Newspaper Excerpt: This bank went into receivership March 25, at which time it was closed by a conservator acting for the comptroller of the currency.
Source: newspapers

3. September 14, 1933 Receivership

Source: historical_nic

4. September 14, 1933 Receivership

Newspaper Excerpt: L. E. Ford has been appointed receiver of the Tri-County National bank at Oliver Springs.
Source: newspapers

Newspaper Articles (1)

1. September 17, 1933 The Knoxville Journal Knoxville, TN

Article Text

Oliver Springs Bank Receiver Appointed WASHINGTON, D. C., Sept. 16.—L. E. Ford has been appointed receiver of the Tri-County National bank at Oliver Springs. This bank went into receivership March 25, at which time it was closed by a conservator acting for the comptroller of the currency.