Citizens National Bank - Monticello, KY

Episode Information

Episode Type: Suspension → Closure
Start Date: March 6, 1933
Location: Monticello, Kentucky (36.840, -84.851)
Bank Type: national
Charter Number: 6419

Metadata

Episode ID
Bank ID
City ID

Model: gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-08-23
Date receivership terminated: 1938-01-06
Share of assets assessed as good: 49.3%
Share of assets assessed as doubtful: 33.9%
Share of assets assessed as worthless: 16.7%

Notes

Article names receiver; bank had been under a conservator since the March 1933 bank holiday.

Events (4)

1. September 12, 1902 Chartered

Source: historical_nic

2. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Closed during the March 1933 federal banking holiday and operated under a conservator thereafter.
Newspaper Excerpt: has been operating under a conservator since the bank holiday
Source: newspapers

3. August 23, 1933 Receivership

Newspaper Excerpt: NAMED BANK RECEIVER Mr. J. P. Harrison, of Somerset, has been appointed receiver for the Citizens National Bank, Monticello.
Source: newspapers

4. August 23, 1933 Receivership

Source: historical_nic

Newspaper Articles (1)

1. September 5, 1933 Interior Journal Stanford, KY

Article Text

NAMED BANK RECEIVER Mr. J. P. Harrison, of Somerset, has been appointed receiver for the Citizens National Bank, Monticello. The bank has been operating under a conservator since the bank holiday in

The Century of Progress Exposition has paid $2,000,000 or 20 per cent of the fair's bonded indebtedness. For two weeks the expositon has been on a cash basis in paying all bills.

In Chicago during the month of August 3,760 couples were married.