First National Bank (Arlington, GA)

View Charter #8314 on SPMC View balance sheet

Episode Information

Episode UID
831401573
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
83140 national
Charter Number
8314
Start Date
January 1, 1931*
Location
Arlington, Georgia (31.440, -84.725)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f239bb3c2ce313f7

Response Measures

None

Receivership Details

Depositor recovery rate
32.5%
Date receivership started
1932-03-08
Date receivership terminated
1935-05-08
Share of assets assessed as good
10.8%
Share of assets assessed as doubtful
63.1%
Share of assets assessed as worthless
26.1%

Description

The articles confirm the receivership date and mention liquidation activities starting in 1931, but do not describe a specific run.

Events (5)
1. July 27, 1906 Chartered
Source
historical_nic
2. January 1, 1931* Other
Newspaper Excerpt
In 1931 Mr. Geeslin assisted in the liquidation the First National Bank of Arlington.
Source
newspapers
3. March 8, 1932 Receivership
Source
historical_nic
4. March 8, 1932 Receivership
Newspaper Excerpt
The First National Bank of Arlington, Ga., was placed in receivership on March 8, 1932, and disbursements... aggregated $59,642
Source
newspapers
5. March 8, 1932 Suspension
Cause Details
Bank failed and was placed in receivership; specific trigger for suspension not mentioned.
Newspaper Excerpt
The First National Bank of Arlington, Ga., was placed in receivership on March 8, 1932
Source
newspapers

Newspaper Articles (2)
1. September 10, 1933 The Atlanta Constitution Atlanta, GA

Article Text

Miss Killingsworth Weds Mr. Geeslin In Arlington, Ga. ARLINGTON. Ga., Sept. wide social interest is the announcement made by Mr. and Mrs. James Killingsworth, of Arlington, of the marriage of their daughter, Miss Faye Killingsworth, to Ernest L. Geeslin, of Washington, D. C., the marriage having been Friday morning, September 8, at the home of the bride's parents in Arlington. The Rev. E. Barnhill, pastor of the church performed the ceremony the presence of the bride's parThe bride, charming brunette, was lovely new fall swagger ensemble of dark green, featuring threequarter length coat and the popular finished with the same material dark green buttons. wore small hat of dark green Her other were the same shade. Mrs. Geeslin the only child of Mr. and Mrs. Ga. She young unusual and very talented. Her manner and personality have made widely popular with host of admiring friends. She was graduated from the Arlington High school and later attended Wesleyan Conservatory of Music in Macon, Ga., where of the Glee Club and is widely known in musical circles. Mr. Geeslin is the son of Mr. Mrs. E. Geeslin. Coleman, Ga. He graduated from the Coleman High school, McClendon's Commercial College, Albany, Ga., later attending George University, Wash ington, D. Mr. Geeslin prominent practiced both Albany and and for the past years he been member the Albany Bar Association. In 1931 Mr. Geeslin assisted in the liquidation the First National Bank of Arlington. He holding very responsible position, being bank receiver of the office the division insolvent tional banks, Washington, After the ceremony and Mrs. Geeslin left for wedding trip through North and South Carolina, Virginia and Maryland, after which they make their home in Washington,

2. June 22, 1935 Richmond Daily Register Richmond, KY

Article Text

The First National Bank of Ambrose, N. D., was placed in receivership on February 29, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $37,148, which represented 37.8 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 20.96 per cent of their claims. The First National Bank of Arlington, Ga., was placed in receivership on March 8, 1932, and disbursements, including offsets allowed, to depositors and other creditors aggregated $59,642, which represented 57 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 32.55 per cent of their claims. The First National Bank of Mound City, Ill., was placed in receivership on December 19, 1931, and disbursements, including offsets allowed, to depositors and other creditors aggregated $199,767, which represented 84.7 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 82.57 per cent of their claims. The First National Bank of Pepin, Wis., was placed in receivership on July 23, 1926, and disbursements, including offsets allowed, to depositors and other creditors aggregated $152,245, which represented 60.5 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 55.665 per cent of their claims. The First National Bank of Laredo, Tex., was placed in receivership on November 30, 1931, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders for the benefit of the purchasing bank which was the sole creditor of the receivership and which received dividends amounting to 84.35 per cent of the aggregate sum of $136,817.