Article Text
Nashville Man Is Named Columbia Bank Receiver Tenn., Nov. 12former assistant of the Union street branch of the American National bank at Nashville, been named for the Phoenix National bank here, it was announced today.
Phoenix National Bank (Columbia, TN)
Episode Information
- Episode UID
787001583- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
78700national - Charter Number
- 7870
- Start Date
- November 11, 1931
- Location
- Columbia, Tennessee (35.615, -87.035)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
d4db84b6e8892a13
Response Measures
None
Receivership Details
- Depositor recovery rate
- 86.9%
- Date receivership started
- 1931-11-11
- Date receivership terminated
- 1940-06-15
- Share of assets assessed as good
- 39.3%
- Share of assets assessed as doubtful
- 47.3%
- Share of assets assessed as worthless
- 13.4%
Description
Known receivership date (1931-11-11) used as authoritative; later articles describe liquidation/dividends and receiver actions.
Events (7)
1.
August 15, 1905
Chartered
- Source
- historical_nic
2.
November 11, 1931
Receivership
- Source
- historical_nic
3.
November 11, 1931
Receivership
- Newspaper Excerpt
- former assistant ... has been named for the Phoenix National bank here, it was announced today.
- Source
- newspapers
4.
November 11, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Bank placed in receivership and suspended operations by appointment of a receiver (government/official action).
- Newspaper Excerpt
- Nashville Man Is Named Columbia Bank Receiver
- Source
- newspapers
5.
February 4, 1932
Other
- Newspaper Excerpt
- Mr. Farmer also receiver for the Phoenix National Bank at Columbia ... change in the status of the bank's affairs would not hinder the bank from resuming operations, should the committee succeed in making the arrangements said.
- Source
- newspapers
6.
December 8, 1932
Other
- Newspaper Excerpt
- payment of 40 per cent dividend to Phoenix depositors. The Phoenix Bank closed year ago and this is the first dividend by the receiver.
- Source
- newspapers
7.
November 28, 1934
Other
- Newspaper Excerpt
- Suit ... filed ... by George E. Farmer, receiver of the Phoenix National bank at Columbia ... claims that Fulton embezzled the money.
- Source
- newspapers
Newspaper Articles (4)
Article Text
First National Receiver Appointed the time for The Courier to with this issue nounced that George prominent banker Nashville, has been appointed receiver for First National Bank of Murfreesboro Mr. Farmer also receiver for the Phoenix National Bank at Columbia, and of best known bank men in the country This change in the status of the bank's affairs would no hinder the from resuming operations, should the committee succeed making the arrangesaid.
Article Text
Columbia Bank Depositors Get Dividend Saturday Columbia, Tenn., Dec. 8-(Special)was Wednesday by J. Hutton. president of the Middle Tennessee Bank and George Farmer, receiver for the Phoenix National Bank, that Saturday had been agreed upon the payment of 40 per dividend to Phoenix depositors. The Middle Tennessee Bank acquired sufficient assets from the Phoenix receiver to enable it to make this payamounting to The Phoenix Bank closed year ago and this the first dividend by the Liquidation of the balance of the closed bank's assets will continue under the supervision of Receiver Farmer
Article Text
Phoenix Bank's Receiver Sues, Claiming Indemnity Suit to collect $1,095 from the Royal Indemnity company filed in federal district court Tuesday by George E. Farmer, receiver of the Phoenix National bank at Columbia. Mr. Farmer claims in his bill that H. O. Fulton, an official of the bank, who was under bond of $10,000 with the Indemnity company, $1.095 of the bank's funds. All officials of the bank were bonded to the amount of $32,000. Mr. Farmer stated. He claims that Fulton embezzled the money in connection with certain mortgage deals S. Hopkins of Columbia is attorney for Farmer.