21060. Burnet National Bank (Burnet, TX)

View Charter #6966 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6966
Charter Number
6966
Start Date
December 22, 1933
Location
Burnet, Texas (30.758, -98.228)

Metadata

Model
gpt-5-mini
Short Digest
6a79f88a

Response Measures

None

Receivership Details

Depositor recovery rate
93.4%
Date receivership started
1932-02-18
Date receivership terminated
1935-10-11
Share of assets assessed as good
52.2%
Share of assets assessed as doubtful
30.2%
Share of assets assessed as worthless
17.6%

Description

Articles (Dec 22–23, 1933) report the receiver of Burnet National Bank notifying depositors of an additional 15% dividend, raising total dividends to about 60%. This indicates the bank was in receivership and liquidating; no run is described. Classified as a suspension leading to permanent closure/receivership.

Events (3)
1. September 25, 1903 Chartered
Source
historical_nic
2. February 18, 1932 Receivership
Source
historical_nic
3. December 22, 1933 Receivership
Newspaper Excerpt
Best, receiver of Burnet National Bank, this week notified depositors additional 15 per cent dividend which makes total 60 per cent that has been declared.
Source
newspapers

Newspaper Articles (3)
1. December 22, 1933 Fort Worth Star-Telegram Fort Worth, TX
Article from Fort Worth Star-Telegram, December 22, 1933

Click image to open full size in new tab

Article Text

TWO BANK RECEIVERS ANNOUNCE DIVIDENDS Dec. Thrall Holding Company. which is liquidating the Farmers State Bank of Thrall. made another payment this week of 30 per cent, which per paid. Stiles, W. Cain, Arnold Krieg and Krieg were committee to look after the failed bank. BURNET. Dec. A. Best, the Burnet National Bank, this week notified depositors additional 15 per dividend which total 60 per cent that has been declared.

2. December 22, 1933 Fort Worth Star-Telegram Fort Worth, TX
Article from Fort Worth Star-Telegram, December 22, 1933

Click image to open full size in new tab

Article Text

TWO BANK RECEIVERS ANNOUNCE DIVIDENDS THRALL, Dec. Holding Company, which is the Farmers State Bank made another payment this week 30 cent, which makes 50 per E. Stiles, Cain. Arnold Krieg and committee to the failed bank. BURNET: Dec. of the Burnet National this week depositors additional 15 per makes total of per cent that been declared.

3. December 23, 1933 Fort Worth Star-Telegram Fort Worth, TX
Article from Fort Worth Star-Telegram, December 23, 1933

Click image to open full size in new tab

Article Text

TWO BANK RECEIVERS ANNOUNCE DIVIDENDS Dec. Thrall is the State Bank Thrall. made another this week 30 per 50 per Fuchs, Cain, Arnold Krieg Krieg committee to look after the failed bank. BURNET. Dec. Best, receiver of Burnet National Bank, this week notified depositors additional 15 cent dividend which per total per cent that has makes been declared.