First National Bank (Helena, AR)

View Charter #3662 on SPMC View balance sheet

Episode Information

Episode UID
366201576
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
36620 national
Charter Number
3662
Start Date
April 20, 1931
Location
Helena, Arkansas (34.530, -90.592)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cd8ec1c545233815

Response Measures

None

Description

A prior article (Jan 1931) references an earlier shortage/failure at the same bank; suspension in April 1931 was explicitly for five days.

Events (4)
1. March 29, 1887 Chartered
Source
historical_nic
2. May 28, 1929 Voluntary Liquidation
Source
historical_nic
3. April 20, 1931 Suspension
Cause
Government Action
Cause Details
Board of directors ordered a five-day suspension and the bank was placed in charge of national bank examiner Cliff Wood.
Newspaper Excerpt
NATIONAL BANK SUSPENDS TODAY ... The First National Bank here sus- pended for five days today. ... suspension was ordered by resolu- tion of the board of directors ... The bank was placed in charge of Cliff Wood, national bank examiner.
Source
newspapers
4. April 16, 1934 Receivership
Source
historical_nic

Newspaper Articles (2)
1. January 25, 1931 The Commercial Appeal Memphis, TN

Article Text

BANKER MAKES BOND. HELENA. Ark., Jan. teller the closed Interstate National Bank. who yesterday charged shortage money, has made 000, his appearance March term federal court H. H. prominent physician, and Lafe Solomon, farm. business man, signed the The shortage. when discovered. here the fallhere several years ago of the First National Bank in which Gordon was official. large portion of the shortage is said the to been at the former the National the time of the failure of the ter Clifford. was given penitenthousand dollars shortage at that time.

2. April 20, 1931 The Daily World Helena, AR

Article Text

NATIONAL BANK SUSPENDS TODAY Ark., April The First National Bank here sus- The for five days today. suspension pended was ordered by resolu- Satboard of directors of the night. for the temannouncement closing gave no reason The bank was placed action. Cliff Wood, national charge of bank The examiner. bank was organized in presi- 1901. are M. C. Malone, officers Malone, vice president, G. cashier. and The Tom Bank of Waldron, the reported only the city, was left in sound condition. National capitalizFirst last statement Its $25,000. of $236,352 total resources and surplus of of