Article Text
FREUDENSTEIN APPOINTED B. M. Freudenstein of Brownsville, receiver for The Merchants National bank, has been appointed receiver for the First National bank of Lareno. The Laredo bank closed several years ago.
First National Bank (Laredo, TX)
Episode Information
- Episode UID
248601583- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
24860national - Charter Number
- 2486
- Start Date
- November 30, 1931
- Location
- Laredo, Texas (27.506, -99.508)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
665cf27d97dbb9a2
Response Measures
None
Receivership Details
- Depositor recovery rate
- 84.3%
- Date receivership started
- 1931-11-30
- Date receivership terminated
- 1935-05-22
Description
Articles report the bank was placed in receivership on 1931-11-30 and was already closed by 1935.
Events (3)
1.
July 1, 1880
Chartered
- Source
- historical_nic
2.
November 30, 1931
Receivership
- Source
- historical_nic
3.
November 30, 1931
Receivership
- Newspaper Excerpt
- The First National Bank of Laredo, Tex., was placed in receivership on November 30, 1931, the liabilities of the institution having theretofore been assumed by another bank.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
The First National Bank of Ambrose, N. D., was placed in receivership on February 29, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $37,148, which represented 37.8 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 20.96 per cent of their claims. The First National Bank of Arlington, Ga., was placed in receivership on March 8, 1932, and disbursements, including offsets allowed, to depositors and other creditors aggregated $59,642, which represented 57 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 32.55 per cent of their claims. The First National Bank of Mound City, Ill., was placed in receivership on December 19, 1931, and disbursements, including offsets allowed, to depositors and other creditors aggregated $199,767, which represented 84.7 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 82.57 per cent of their claims. The First National Bank of Pepin, Wis., was placed in receivership on July 23, 1926, and disbursements, including offsets allowed, to depositors and other creditors aggregated $152,245, which represented 60.5 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 55.665 per cent of their claims. The First National Bank of Laredo, Tex., was placed in receivership on November 30, 1931, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders for the benefit of the purchasing bank which was the sole creditor of the receivership and which received dividends amounting to 84.35 per cent of the aggregate sum of $136,817.
Article Text
"They were engaged in May. Married in June. And the odds are four to one they'll be divorced in July!" cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 28 per cent of their claims. The First National Bank of Florence, South Carolina, was placed in receivership on May 22, 1925 and disbursements, including offsets allowed, to depositors and other creditors aggregated $1,282,155, which represented 85.8 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 49.77 per cent of their claims. The First National Bank of Monotuma, was placed in receivership on September 16, 1929 and disbursements, including offsets allowed, to depositors and other creditors aggregated $302,319, which represented 60.9 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 57.84 per cent of their claim. The First National Bank of Pepin, Wisconsin, was placed in receivership on July 23, 1926 and disbursements, including offsets allowed, to depositors and other creditors aggregated $152,245, which represented 60.5 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 55.665 per cent of their claims. The First National Bank of Laredo, Texas, was placed in receivership on November 30, 1931, the liabilities of the institution having theretofore been assumed by another bank. The Receiver was appointed for the purpose of collecting an assessment against the stockholders for the benefit of the purchasing bank which was the sole creditor of the receivership and which received dividends amounting to 84.35 per cent or the aggregate sum of $136,817. W. C. T. U. MEETS THREE OAKS, June 24—The W. C. T. U. met Friday night with Mrs. J. W. Teeter. Mrs. Roy Perham, president, presided. Prayer was offered by Mrs. Riner Hellenga and Mrs. W. E. Timms read the scripture lesson. Mrs. Cecil Phillips was in charge of the program. An entertainment was given by Lois and Phyllis Pitchford. It was decided to have a membership contest and Mrs. Riner Hellenga was appointed chairman and she will be assisted by the members of the union. A large number of takin-antelope-like creatures of the Tibetan highlands—have been bagged by recent scientific expeditions along the Chinese-Tibetan frontier.
Article Text
date of failure. Unsecured depositors received dividends amounting to 49.77 per cent of their claims. The First National Bank of Monotzuma, was placed in receivership on September 16, 1929 and disbursements, including offsets allowed, to depositors and other creditors aggregated $302,319, which represented 60.9 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 57.84 per cent of their claim. The First National Bank of Laredo, Texas, was placed in receivership on November 30, 1931, the liabilities of the institution having theretofore been assumed by another bank. The Receiver was appointed for the purpose of collecting an assessment against the stockholders for the benefit of the purchasing bank which was the sole creditor of the receivership and which received dividends amounting to 84.35 per cent or the aggregate sum of $136,817.