First National Bank (Rockwall, TX)

View Charter #3890 on SPMC View balance sheet

Episode Information

Episode UID
389001111
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
38900 national
Charter Number
3890
Start Date
July 20, 1892
Location
Rockwall, Texas (32.931, -96.460)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a1d20f71ccb6a9db

Response Measures

None

Receivership Details

Depositor recovery rate
35.0%
Date receivership started
1892-07-20
Date receivership terminated
1896-03-31
OCC cause of failure
Fraud
Share of assets assessed as good
14.3%
Share of assets assessed as doubtful
36.2%
Share of assets assessed as worthless
49.6%

Events (4)
1. May 29, 1888 Chartered
Source
historical_nic
2. July 20, 1892 Receivership
Source
historical_nic
3. July 20, 1892 Receivership
Newspaper Excerpt
George D. Morcan. receiver of the Ninth national bank at Dallas and the First national bank of Rockwall, was here today in consultation with Comptroller Eckles
Source
newspapers
4. July 20, 1892 Suspension
Cause Details
The articles mention a complicated condition of affairs and communications to the department of justice, suggesting potential irregularities.
Newspaper Excerpt
The Failed National Bank... First National Reekwall
Source
newspapers

Newspaper Articles (2)
1. January 14, 1894 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, January 14, 1894

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Article Text

TEXAS BANKS. Special Dispatch. Washington, Jan. 13.-George D. Morcan. receiver of the Ninth national bank at Dallas and the First national bank of Rockwall, was here today in consultation with Comptroller Eckles over the complicated condition of the affairs of the two banks. It is no secret that Morwan also has communications to make to the department of justice, which are intended to more materially settle affairs, Chandler and Williams. officers of the Rockwall bank. who were here to see the comprroller last week., have returned home.

2. January 14, 1894 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, January 14, 1894

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Article Text

The Failed National Bank Washington, January 11.-Geo. I gan, receiver of the Ninth National at Dallas and the First National Reekwall, was here today in consi with Comptroller Eckeis over the cated condition of affairs of thes banks. It is no Secret that Morgan has communications to make to to partment of justice which are Intends more materially settle the affairs Messrs. Chandler and Williams, ficers of the Rockwall bank wb here to see the comptroller las have returned home.