First National Bank (Newcastle, WY)

Episode Information

Episode UID
719801494
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
71980 national
Charter Number
7198
Start Date
June 12, 1924
Location
Newcastle, Wyoming (43.855, -104.205)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a953c62bb489c2f5

Response Measures

None

Receivership Details

Depositor recovery rate
47.8%
Date receivership started
1924-06-12
Date receivership terminated
1928-09-08
OCC cause of failure
Economic conditions
Share of assets assessed as good
33.3%
Share of assets assessed as doubtful
46.1%
Share of assets assessed as worthless
20.6%

Description

The articles confirm the bank was in receivership by September 1924; the provided known receivership date of 1924-06-12 is used for the event.

Events (5)

1. April 4, 1904 Chartered
Source
historical_nic
2. June 12, 1924 Receivership
Source
historical_nic
3. June 12, 1924 Receivership
Newspaper Excerpt
J. V. Webster, former cashier and stockholder of the First National bank, as bookkeeper under Receiver Allen.
Source
newspapers
4. June 12, 1924 Suspension
Cause Details
Bank entered receivership; specific trigger for suspension not detailed in provided snippets.
Newspaper Excerpt
protesting the employment of J. V. Webster, former cashier and stockholder of the First National bank, as bookkeeper under Receiver Allen.
Source
newspapers
5. December 25, 1930 Other
Newspaper Excerpt
Final dividend from First National Bank, Receiver 47.16
Source
newspapers

Newspaper Articles (4)

Article from News Letter Journal, September 25, 1924

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Article Text

PETITION BEING CIRCULATED A petition with numerous signatures is being circulated protesting the employment of J. V. Webster, former cashier and stockholder of the First National bank, as bookkeeper under Receiver Allen. It seems that some of the depositors do not feel that their interests can be as well taken care of under the present arrangement as they would be if a disinterested person were employed.


Article from News Letter Journal, May 13, 1926

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Article Text

NOTICE OF SALE In the District Court of the Seventh Judicial District of Within and the County of Weston. Pacific Southwest Trust Savings Bank corporation, Margaret Baird, Executors of the Estate of Baird, Deceased. Plaintiffs, Curtis Elliott and Lila Elliott, and First National Bank Newcastle, Allen as ceiver of the First National Bank of Newcastle. Defendants. To the Above Named Curtis Elliott and Lila Elliott, and Whom It May Concern: You are hereby notified that under and virtue judgment and order of made and entered the above entitled cause the 22nd day March 1926 the undersigned. Sheriff County, on the 5th of June, 1926, the hour of ten in the forenoon the South Front Door of the Court House in Newcastle, County, offer sale and sell following described real the property the above named Curtis Elliott and Lila Elliott, East half of the Southwest quarter and the West half the Southeast quarter Section Township 45 64 W. P.M. Southwest Quarter the South east and the Southwest quarter of Section Township North of Range 61, West 6th Weston County. And that sale made for the purpose which there due date of the publication of this tice the sum together the costs of this sale and accruing costs. Sheriff of Weston County. Wyoming


Article from News Letter Journal, October 13, 1927

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Article Text

LAND TRANSFERS Warranty Deeds: Bertha Hays Wm. Smith; Wm. D. Cordingly Nelson McCoy; L. Gantz et ux to Jay Wellman. Deeds: Sheriff to H. H. Jones; Sheriff to Stock Yards National Receiver of First National Bank Elmer Allen. Patents: Heirs Edna Peery. Quit Claim Deed: Gose (2) Gose.


Article from News Letter Journal, December 25, 1930

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Article Text

Weston County Chapter of American Red Cross Elects Its New Officers At a meeting of the Weston County Chapter, American Red Cross Society held last Saturday in the library, new officers for the ensuing year were elected and the financial report of Walter Schoonmaker, ertiring treasurer was received. New officers elected are S.V. Washburn, president; Olivia Pickle, secretary and E. H. Waddle, treasurer. The financial report for 1928, 1929 and 1930 submitted is as follows: RECEIPTS $686.90 DISBURSEMENTS 1928 September, West Indies Hurrican relief $100.00 Home civilian relief 32.05 Membership dues remitted to the American Red Cross 86.50 1929 Ex-service men and families relief 13.00 Membership dues remitted to the American Red Cross 66.00 1930 Home civilian relief 46.76 Ex-service men and families relief 35.97 Fire Insurance 11.60 Miscellaneous expense 7.52 December 20th, Balance paid to new treasurer 287.50 $686.90 Respectfully Submitted, Walter Schoonmaker, Treas. 1928 April 1st. Balance on hand $202.74 Final dividend from First National Bank, Receiver 47.16 November. Membership drive 173.00 1929 November, Membership drive 124.00 Donation 1.00 1930 November. Membership drive 128.00 Miscellaneous receipts 11.00