First National Bank - Camden, AR

Episode Information

Episode UID: 406601612
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 40660 national
Charter Number: 4066
Start Date: April 16, 1934
Location: Camden, Arkansas (33.585, -92.834)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a30890b51f7b87c4

Response Measures

None

Receivership Details

Depositor recovery rate: 89.6%
Date receivership started: 1934-04-16
Date receivership terminated: 1939-10-14
Share of assets assessed as good: 44.8%
Share of assets assessed as doubtful: 50.0%
Share of assets assessed as worthless: 5.3%

Events (3)

1. July 2, 1889 Chartered

Source: historical_nic

2. April 16, 1934 Receivership

Source: historical_nic

3. April 16, 1934 Receivership

Newspaper Excerpt: Mayor G. R. Haynie, well known local attorney, has been appointed receiver for the First National Bank by the Comptroller of Currency, it was announced here today.
Source: newspapers

Newspaper Articles (1)

1. April 17, 1934 The Camden News Camden, AR

Article Text

R HAYNIE IS BANK RECEIVER Local Mayor Receives Appointment From Comptroller Mayor G. R. Haynie, well known local attorney, has been appointed receiver for the First National Bank by the Comptroller of Currency, it was announced here today. Mayor Haynie began his new duties immediately at the bank. F. 1.. Branson, conservator of the bank for the past several months has not announced his future plans. When the Citizens National Bank of Camden took over 60 per cent of the deposit liablities of the First National Bank and the reorganization was completed, receiver was necessary for the latter bank to liquidate the remaining assets. Prior to the reorganization a conservator Was in The First National bank will continue in its present building with the receiver in charge. A staff will be maintained. Judge Haynie is well known throughout Arkansas having been campaign manager for A. B. Priddy in the 1932 gubernatori race and in 1920 made the race for governor himself. He has been in Canden for the past twelve years. Prior to that he was circuit judge and also prosecuting aftorney of the eighth judicial district in Arkansas. He is serving his sec. and term RS mayor of Canuten.