Citizens National Bank (Llano, TX)

Episode Information

Episode UID
1246301599
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
124630 national
Charter Number
12463
Start Date
March 1, 1933
Location
Llano, Texas (30.759, -98.675)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3186e7a817083a7e

Response Measures

None

Receivership Details

Date receivership started
1933-11-14
Date receivership terminated
1934-05-12

Description

Bank did not reopen after March 1933 banking holiday and was later placed in receivership; subsequently liquidated and paid depositors.

Events (7)

1. November 16, 1923 Chartered
Source
historical_nic
2. March 1, 1933 Suspension
Cause
Government Action
Cause Details
Did not reopen following the March 1933 banking holidays (federal/state banking holiday); operated under a conservator thereafter
Newspaper Excerpt
This bank failed to open for business after the banking holidays the first of March
Source
newspapers
3. November 14, 1933 Receivership
Source
historical_nic
4. November 14, 1933 Receivership
Newspaper Excerpt
J. Warren Lillard of Dallas, to be receiver of the Citizens National Bank of Llano; ... The Comptroller ... arrived in Llano this morning to take charge.
Source
newspapers
5. May 12, 1934 Restored To Solvency
Source
historical_nic
6. May 17, 1934 Other
Newspaper Excerpt
Citizens National Bank of Llano, now a liquid institution, began paying off its depositors with checks worth exactly one hundred cents on the dollar.
Source
newspapers
7. June 12, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (7)

Article Text

TWO BANK RECEIVERS APPOINTED IN TEXAS Washington, Nov. 14.β€”APβ€”The appointment of two Texas bank receivers was announced today by the office of Senator Connally (D., Tex.). They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National Bank of Llano; Fred B. Cablee of Waco, to be receiver of the Clyde National Bank.


Article Text

Llano Bank Receiver Chosen at Washington WASHINGTON, Nov. 14.β€”(AP)β€”The appointment of two Texas bank receivers was announced Tuesday by the office of Sen. Connally (d) of Texas. They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National bank of Llano; Fred B. Cablee of Waco, to be receiver of the Clyde National bank.


Article Text

Wacoan Is Appointed Receiver for a Bank Fred B. Cable Assigned to Task at Town of Clyde WASHINGTON, Nov. 14β€”(AP)β€”The appointment of two Texas bank receivers was announced today by the office of Senator Connally, democrat, Texas. They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National bank of Llano; Fred B. Cable of Waco, to be receiver of the Clyde National bank.


Article Text

Appointment of Bank Receivers Is Announced Washington, Nov. 14.-(AP)-The appointment of two Texas bank receivers was announced today by the office of Senator Connally, Texas democrat. They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National bank of Llano; Fred C. Cablee of Waco, to be receiver of the Clyde National bank.


Article Text

Name Receiver For Clyde Bank By The Associated Press WASHINGTON, Nov. 15 β€” The appointment of two Texas bank receivers was announced Tuesday by the office of Senator Connally (D-Texas). They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National Bank of Llano; Fred B. Cablee of Waco, to be receiver of the Clyde National bank. Since the banking holiday of last March the Clyde National bank has been operated by E. G. Hampton as conservator, decision not to resume full banking functions having been made at that time. Under the receivership of Fred B. Cablee, Waco, gradual liquidation of the institution will be continued, C. A. Bowman, cashier, said.


Article Text

BANK RECEIVER IS NAMED FOR CITIZENS NATIONAL BANK HERE J. Warren Lillard of Dallas has been appointed receiver for the Citizens National Bank by the Comptroller and arrived in Llano this morning to take charge. This bank failed to open for business after the banking holidays the first of March and for the past several months has been in the hands of Allen S. Johnson, former cashier, as conservator. Mr. Lillard stated today that he knew nothing of the condition of this institution and could make no statement at this time. Mr. Johnson is out of town today and the receiver is waiting for him to return. Mrs. W. C. Gray and mother, Mrs. Sallie Swanson of Uvalde were visitors in the home of Mr. and Mrs. S. S. Peacock and with other relatives and old friends during the week-end. They returned home Monday accompanied by Mrs. Lou Smith, who will visit in their home for some time.


Article Text

Hundreds of people were wearing a smile Monday morning when the Citizens National Bank of Llano, now a liquid institution, began paying off its depositors with checks worth exactly one hundred cents on the dollar. The distribution of this money amounting to between thirty and forty thousand dollars, will go a long way in reviving business conditions out here in the land of promise. Monday morning at the time these columns are being put into type, the indications for rain are exceedingly favorable. However just at this time we are needing more than indications. The young corn crop as well as others, is calling for additional moisture and in the language of an old Llano county friend, "We will need that moisture within the next fifteen minutes."