Dawson City National Bank (Dawson, GA)

View Charter #6496 on SPMC View balance sheet

Episode Information

Episode UID
649601595
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
64960 national
Charter Number
6496
Start Date
November 7, 1932
Location
Dawson, Georgia (31.774, -84.447)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
17577918c82f17dd

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-11-14
Date receivership terminated
1936-09-15
Share of assets assessed as good
25.3%
Share of assets assessed as doubtful
59.0%
Share of assets assessed as worthless
15.7%

Description

Articles report closure Nov 7 and placement with the Comptroller; official receivership date (records) is 1932-11-14.

Events (5)
1. November 20, 1902 Chartered
Source
historical_nic
2. November 7, 1932 Run
Cause Details
Notice states a run occurred but gives no specific trigger or rumor; reasons for run not described.
Measures
Board posted notice closing bank and placed affairs in hands of Comptroller of the Currency.
Newspaper Excerpt
on account of a run on this bank and its inability to withstand same
Source
newspapers
3. November 7, 1932 Suspension
Cause
Government Action
Cause Details
Board resolution closed the bank and placed its affairs in the hands of the Comptroller (national bank examiner involvement).
Newspaper Excerpt
it is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the comptroller of the currency.
Source
newspapers
4. November 14, 1932 Receivership
Source
historical_nic
5. November 14, 1932 Receivership
Newspaper Excerpt
Notice on door: its affairs be placed in the hands of the comptroller of the currency. (Comptroller involvement reported; official receivership date per records 1932-11-14).
Source
newspapers

Newspaper Articles (3)
1. November 8, 1932 The Atlanta Constitution Atlanta, GA

Article Text

NATIONAL BANK DOORS ARE CLOSED IN DAWSON DAWSON, Ga., Nov. 7.—(AP)—The Dawson City National Bank, Dawson's only national banking institution, formed several months ago by a merger of the Dawson National Bank and the City National Bank, closed its doors Monday morning. The following notice appeared on the door of the bank: "This 7th day of November, 1932. Resolution. On account of a run on this bank and its inability to withstand same, it is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the comptroller of the currency." The following notice also appeared on the door: "By resolution of the board of directors the affairs of this bank are placed in the hands of the comptroller of the currency. Reed Dolan, National Bank Examiner." The resolution was signed by B. C. Perry, G. D. Dozier, H. A. Petty, E. W. Hollingsworth, J. E. Brim, R. D. Smith and O. F. Oxford.

2. November 8, 1932 The Macon News Macon, GA

Article Text

Bank in Dawson Closes Its Doors Inability to Withstand Run Is Given as Reason son City bank, Dawson's only national banking institution, formed some months ago by mergor of the Dawson National bank and the City National bank, closed its doors Monday morning The following notice appeared on the door of the bank, "this 7th of November, 1932 Resolution, on account of run on this bank and its inability to withstand same, is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the of the currency Signed, B. Perry Hollings Brim, R. D Smith, F Oxford. The following notice also appeared on the door, resolution the board of directors the affairs of this bank are placed in the hands of the comptroller of the currency Reed Dolan, national bank examiner

3. November 8, 1932 The Macon Telegraph Macon, GA

Article Text

Bank in Dawson Closes Its Doors Inability to Withstand Run Is Given as Reason DAWSON Ga., Nov. 7.-The Dawson City National bank, Dawson's only national banking institution, formed some months ago by merger of the Dawson National bank the City National bank, closed its doors Monday morning The following notice appeared on the door the bank, "this 7th of November, 1932 Resolution on account of run bank and its inability to withstand same is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the comptroller of the currency. Signed, B. Perry, G. D. Dozier, H. A. Petty. E. W.