First National Bank (Lineville, AL)

Episode Information

Episode UID
751601271
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
75160 national
Charter Number
7516
Start Date
November 23, 1905
Location
Lineville, Alabama (33.311, -85.754)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2317d482c7ccbd83

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1905-11-24
Date receivership terminated
1906-12-31
OCC cause of failure
Losses
Share of assets assessed as good
42.6%
Share of assets assessed as doubtful
15.6%
Share of assets assessed as worthless
41.8%

Description

The bank suspended on Thursday (Nov 23) due to a threatened run, and the official receivership followed on Nov 24.

Events (5)

1. December 16, 1904 Chartered
Source
historical_nic
2. November 23, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Threatened run due to rumors.
Measures
The board of directors ordered the bank closed.
Newspaper Excerpt
The directors of the Lineville bank ordered it temporarily closed on Thursday, in consequence of a threatened run, due to some rumors.
Source
newspapers
3. November 23, 1905 Suspension
Cause
Rumor Or Misinformation
Cause Details
Closed by directors to prevent a run triggered by rumors.
Newspaper Excerpt
The directors of the Lineville bank ordered it temporarily closed on Thursday, in consequence of a threatened run
Source
newspapers
4. November 24, 1905 Receivership
Source
historical_nic
5. November 24, 1905 Receivership
Newspaper Excerpt
National Bank Examiner S. H. L. Cooper has been appointed receiver.
Source
newspapers

Newspaper Articles (12)

Article from Waterbury Evening Democrat, November 25, 1905

Click image to open full size in new tab

Article Text

NATIONAL BANK CLOSED. Washington, Nov. 25-The comptroller of the currency was advised to-day that the First National bank of Lineville. Ala., had been closed on the order of the board of directors. National Bank Examiner 8. H. L. Cooper has been appointed receiver.


Article from Evening Journal, November 25, 1905

Click image to open full size in new tab

Article Text

Bank Suspends. By Publishers' Press. Washington, Nov. 25.-The First National Bank of Lineville, Ala., has been closed by order of its board of directors. National bank examiner S. H. L. Cooper has been appointed receiver. The resources and liabilities of the bank at the close of business on November 9, 1905, were $75,102 each.


Article from The Topeka State Journal, November 25, 1905

Click image to open full size in new tab

Article Text

National Bank Closes in Alabama. Washington, Nov. 25.-The comptroller of the currency was advised today that the First National bank of Lineville, Ala., had been closed by order of the board of directors. National Bank Examiner S. H. L. Cooper has been appointed receiver.


Article from The Birmingham Age-Herald, November 26, 1905

Click image to open full size in new tab

Article Text

FIRST NATIONAL OF LINEVILLE CLOSES It Is Belleved That the Affairs of the Institution Will Soon Be Adjusted. Washington, November 25.-The comptroller of the currency was advised today that the First National bank of Lineville, Ala., had been closed by order of the board of directors. National Bank Examiner S. H. L. Cooper has been appointed receiver. The following is a statement of the resources and liabilities of the bank at the close of business on November 9, 1905, as shown by the last report of condition made to the comptroller: Resources: Loans and discounts, $44,802. United States bonds to secure circulation, $0250. Bonds, securities, etc., $628. Banking house and furniture and fixtures, $1798. Due from banks and bankers, $17,496 Checks and other cash items, $3815. Redemption fund, $312. Total, $75,102. Liabilities: Capital stock, $25,000. Surplus and undivided profits, $406. Circulating notes, $6250. Due to banks and bankers, $1052. Individual deposits, $24,415. Bills payable and rediscounts, $17,077. Total, $75,102. Talladega, November 25.-(Special.)-The directors of the Lineville bank ordered it temporarily closed on Thursday, in consequence of a threatened run, due to some rumors. It is not thought that any one will lose money by this action, or that the closing will be permanent. An examiner investigated the affairs of the bank today. It is hoped, and believed, that the difficulties of this institution will be but temporary.


Article from Omaha Daily Bee, November 26, 1905

Click image to open full size in new tab

Article Text

Alabama Bank Fails. WASHINGTON, Nov. 25.-The comptroller of the currency was advised today that the First National bank of Lineville. Ala., had been closed by order of the board of directors. National Bank Examiner S. H. L. Cooper has been appointed receiver.


Article from Albuquerque Morning Journal, November 26, 1905

Click image to open full size in new tab

Article Text

Alabama Bank Closed. Washington, Nov. 25.-The comptroller of the currency was advised today that the First National Bank of Lineville, Ala., had been closed by the order of the board of directors. National Bank Examiner S. H. I. Cooper has been appointed receiver.


Article from Twice-A-Week Plain Dealer, November 28, 1905

Click image to open full size in new tab

Article Text

Alabama Bank Closed. Washington, Nov. 27.-The comptroller of the currency has been advised that the First national bank of Lineville, Ala, had been closed by order of the board of directors, National Bank Examiner S. H. L. Cooper has been appointed receiver.


Article from New Ulm Review, November 29, 1905

Click image to open full size in new tab

Article Text

Alabama Bank Closed. Washington, Nov. 27.-The comptroller of the currency has been advised that the First national bank of Lineville, Ala., had been closed by order of the board of directors. National Bank Examiner S. H. L. Cooper has been appointed receiver.


Article from The Plymouth Tribune, November 30, 1905

Click image to open full size in new tab

Article Text

National Bank Closed. The First National Bank of Linevitle, Ala.. has been closed by order of its board of directors. National Bank Examiner S. H. Cooper has been appointed receiver. The resources and liabilities of the bank were $75.102 each.


Article from The Vinita Weekly Chieftain, November 30, 1905

Click image to open full size in new tab

Article Text

NATIONAL BANK CLOSED BY ORDER OF DIRECTORS Associated Press Washington, Nov. 25-The comptroller of currency was today advised that the First National bank of Lineville, Alabama, had been closed by order of the directors. A national bank examiner was appointed receiver.


Article from Warren Sheaf, November 30, 1905

Click image to open full size in new tab

Article Text

Alabama Bank Closed. Washington, Nov. 27.-The comptroiler of the currency has been advised that the First national bank of Lineville. Ala.. had been closed by order of the board of directors. National Bank Examiner S. H. L. Cooper has been appointed receiver.


Article from Williston Graphic, November 30, 1905

Click image to open full size in new tab

Article Text

Alabama Bank Closed. Washington, Nov. 27.-The comptroller of the currency has been advised that the First national bank of Lineville, Ala., had been closed by order of the board of directors. National Bank Examiner S. H. L. Cooper has been appointed receiver.