First National Bank (Lumberton, MS)

View Charter #5613 on SPMC View balance sheet

Episode Information

Episode UID
561301598
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
56130 national
Charter Number
5613
Start Date
February 9, 1933
Location
Lumberton, Mississippi (31.001, -89.452)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
414c3e806284caf9

Response Measures

None

Receivership Details

Depositor recovery rate
44.2%
Date receivership started
1933-02-09
Date receivership terminated
1936-11-30
Share of assets assessed as good
12.1%
Share of assets assessed as doubtful
80.4%
Share of assets assessed as worthless
7.5%

Description

OCR errors present in articles but core facts (suspension and receiver appointment) are clear.

Events (4)
1. November 2, 1900 Chartered
Source
historical_nic
2. February 9, 1933 Receivership
Source
historical_nic
3. February 9, 1933 Receivership
Newspaper Excerpt
appointed Receiver of the Currency of the United States and now and acting Receiver said defunct charge the property affairs thereof, engaged under the statutes and regulations... the Receiver's appointment aforesaid recorded in the Chancery Land Deed Record No. 39, Page ... October 1934, ... offer for sale will sell ... to satisfy the aforesaid indebtedness (foreclosure notice references receiver and sale).
Source
newspapers
4. February 9, 1933 Suspension
Cause
Government Action
Cause Details
Suspended and receiver appointed by the Comptroller of the Currency (federal action) in February 1933
Newspaper Excerpt
On February 1933, the First National aforesaid suspended its defunct Comptroller Currency United States and acting Receiver said defunct
Source
newspapers

Newspaper Articles (2)
1. September 27, 1934 The Picayune Item Picayune, MS

Article Text

FORECLOSURE SALE On March Thomas Mittie Bounds Thomas, executed livered Trustee, and benefit the First National Bank, Lumberton, Mississippi, their trust said Bank and therein corner sold Creek Baptist Church, tion Range County, Mississippi. Said record the Clerk the Chancery the County Courthouse, Pearl Mississippi, Land Mortgage Book No. thereof. of though therefor February 1933, the First National Bank aforesaid suspended its defunct Comptroller Currency United States and acting Receiver said defunct qualified bank and charge the property affairs thereof, and engaged under statutes the and regulations mulgated and applicable The Receiver's appointment aforesaid record the the Chancery Land Deed Record No. Page having been instructed Receiver behalf being the legal owner aforesaid and the holder evidencing the trust deed securing the same, he having the trust October 1934, hours, the East front County Courthouse, Poplarville, Pearl offer for sale will sell Mississippi, the highest and cash public outery bidder the property scribed trust deed herein-before sufficiency theresatisfy the aforesaid indebtedness and legal Title said property believed by good, but will only in trustee signature, this the 17th day Witness September JOHN Trustee. 39-40-41-42

2. October 4, 1934 The Picayune Item Picayune, MS

Article Text

FORECLOSURE SALE Thomas and wife, On March 12, Mittie Bounds Thomas, and livered Trustee, First National Bank, their trust Lumberton, Mississippi, indebtedness evidencing and securing by said Bank owning security said therein collateral of of corner sold Hickory Creek Baptist Church, Township South, Range Mississippi. Pearl River County, record the Said the Chancery Court the Clerk Poplarville, Pearl the County Courthouse, Mississippi, Land Mortgage River County, thereof. Book No. Pages secured The and default therefor hath though frequent demand the First National On February 1933, suspended thereafter, doors Rawlings December said defunct appointed Receiver of the Currency of the by the Comptroller the duly United States and now and acting Receiver said defunct charge the property affairs thereof, engaged of the under per and the rules and regulations statutes thereunder and applicable mulgated The the Chancery record Land Deed Record Book No. aforesaid, 39, Page having been instructed Therefore, aforesaid, on behalf the Receiver being the legal trust aforesaid, and the holder indebtedness evidencing trust note same, he securing the with law and the trust October 1934, the East front hours, County Courthouse, River Mississippi, offer highest and best public outery property bidder the trust deed scribed sufficiency therewill indebtedness and the aforesaid satisfy legal cost. believed Title said property