gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3dc59d1c176ade5d
Response Measures
None
Receivership Details
Depositor recovery rate
89.2%
Date receivership started
1926-04-24
Date receivership terminated
1930-03-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
46.3%
Share of assets assessed as doubtful
30.0%
Share of assets assessed as worthless
23.8%
Description
Suspension dates reported as April 13–14, 1926; receiver appointment and lengthy liquidation followed.
Events (8)
1.September 10, 1906Chartered
Source
historical_nic
2.April 13, 1926Suspension
Cause
Government Action
Cause Details
Bank suspended business in mid-April 1926 and was placed under federal supervision/receiver due to insolvency and regulatory action.
Newspaper Excerpt
the bank having suspended business April 13, 1926.
Source
newspapers
3.April 24, 1926Receivership
Source
historical_nic
4.April 24, 1926Receivership
Newspaper Excerpt
R. R. Carraker, St. Louis, was today pointed temporary receiver for the defunct First National Bank here...national bank examiner who has been in charge of the institution since April 14, the date of the closing.
Source
newspapers
5.July 15, 1926Other
Newspaper Excerpt
In the three months since the First National Bank of Fulton suspended business on April 14, the bills payable of the institution...have been liquidated.
Source
newspapers
6.July 27, 1927Other
Newspaper Excerpt
Mr. Cutts, receiver, First National Bank, Fulton, Missouri, announced today the payment second dividend 10 per cent.
Source
newspapers
7.May 24, 1928Other
Newspaper Excerpt
A. D. Cutts, receiver of First National Bank of Fulton, is now engaged in paying to the creditors of that bank which suspended business April 13, 1926, a third dividend of 10%.
Source
newspapers
8.June 13, 1929Other
Newspaper Excerpt
Ira B. Walb succeeds A. D. Cutts and expects to wind up First National Bank affairs by fall; resignation of Arthur (A.D. Cutts) receiver accepted.
Source
newspapers
Newspaper Articles (14)
1.April 27, 1926Columbia Daily TribuneColumbia, MO
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Article Text
St. Louisian Named Fulton Bank Receiver
By The Associated Press. FULTON, Mo., April 27.-R. R. Carraker, St. Louis, was today pointed temporary receiver for the defunct First National Bank here, according to an announcement by Vance L. Salior, national bank examiner who has been in charge of the institution since April 14, the date of the closing. Mr. Carraker will arrive this week to take over his duties at the bank. T. Harrison, prominent Callaway county land owner, was president of the bank and John W. Sug. gett was cashier. Total assets at the time of closing was approximately
2.April 28, 1926Auxvasse ReviewAuxvasse, MO
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Article Text
Bank Receiver Appointed
R. R. Karraker, of St. Louis, has been appointed temporary receiver of the First National Bank, of Fulton which was closed April 14, and took charge of the institution Tuesday.
"Appointment of a temporary receiver will in no wise affect the bank's plans for reorganization," an official of the bank stated today. "We are going ahead with our plans for reorganization and hope to be able to reopen in the near future." Mr. Karraker is said to be an experienced banker and has recently finished the work of liquidating the affairs of the Drovers National Bank in East St. Louis.
Entertained Tuesday Club
Mrs. John Swon entertained the Tuesday Club last Wednesday afternoon, this being the first meeting for some months. The Club was recently reorganized and several new members taken in. Those present last Wednesday were Mrs. W. R. Buckner, Mrs. Dick Biggs, Mrs. J. A. Harrison, Mrs. E. C. Wood, Mrs. C. H. Hook, Mrs. S. G. Wood, Mrs. Anna V. Meyer, Mrs. W. H. Yates, Mrs. S. W. Tompkins, Mrs. John Miller and Mrs. George Hunt. The/afternoon was spent playing Rook, after which delicious refreshments were served.
3.July 15, 1926The Daily News and IntelligencerMexico, MO
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Article Text
PAY OFF CREDITORS
In the three months since the First National Bank of Fulton. suspended business on April 14. the bills payable of the institution, amounting to $40,000, and more than $70,000 of its discounts have been liquidated. considerable sum of money, estimated $35,000, is also in the hands of the ceiver and eventually will be used off the depositors. By the term bills payable is meant money borrowed from other banks than the Federal Reserve. By the term rediscounts is meant money bor rowed from the Federal Reserve Bank on hypothecated notes. Rediscounts the day the bank suspended totaled $105,000. They now are under $35.
Mrs. Tom Lee Missoula Mont., will arrive Saturday to be the of her aunt, Miller.
The Intelligencer Want
4.December 17, 1926Fulton Daily Sun-GazetteFulton, MO
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Article Text
THE FULTON DAILY SUN
WTE SUN PRINTING CO., Publishers J. W. & Geo. P. Johnston, Editors
Subscription Prices-Daily Sun One year in city by carrier $4.00 Six months by carrier $2.00 Three months by carrier $1.00 One month by carrier 40 One year by mail in Callaway and adjoining counties $3.00 One year elsewhere in U. $3.50
The grand jury which came back on the job Thursday, after a four day rest. is said to continue its search for the "scattered feathers" of gossip said to have caused the run on the Southern Bank. It is said that the feathers were trailed in several directions and in some cases the trail followed as far back as October and it was intimated that it probably trailed back to the time of the closing of the First National It is believed to be very doubtful if the jury will be able to find the one who talked with the intent of injuring the reputation of the institution malle-
5.December 19, 1926The Daily News and IntelligencerMexico, MO
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Article Text
Grand Jury Is Unable to Place Blame for Rumor
The Callaway county grand jury which has been making an investigation of the rumor that caused a run on the Southern Bank at Fulton and resulted in its closing. has been unable SO far to determine who started the gossip. The Fulton Sun Friday said: "The grand jury which came back on the job Thursday, after a four-day rest, is said to continue its search for the 'scattered feathers' of gossip, said have caused the run on the Southern Bank. It is said that the feathers were trailed in several directions and in some cases the trail followed as far back as October and it was intimated that it probably trailed back to the time of the closing of the First National. It is believed to be very doubtful if the jury will be able to find the one who talked with the intent of injuring the reputation of the institution maliciously."
6.July 27, 1927Jefferson City Post-TribuneJefferson City, MO
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Article Text
NATIONAL BANK OF FULTON PAYS SECOND DIVIDEND.
Mr. Cutts, receiver, First National Bank, Fulton, Missouri, announced today the payment second dividend 10 cent. per The involved in this distriis $25,326.25 and makes total of per cent or by receiver since March this year, the bank having susbusiness
7.July 27, 1927Auxvasse ReviewAuxvasse, MO
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Article Text
Making Good In School Work
Francis English, of east of Auxvasse, a graduate of the Auxvasse High School, has our thanks for an invitation to attend the graduating exercises of the Kirksville Teachers College. We would be pleased to attend these exercises, but on Student Council, Editor-inChief of the Index, and member of honorary Blue Key Fraternity, Social Sigma Delta Tau, six quarter on honor roll of college (upper 5 per cent in grades) and have been elected superintendent of schools at Middle Grove, Mo., for the next school year." We predict that Francis will make good in this position as he has done in everything educational he has undertaken. "Onward and Upward" is his motto.
National Bank Pays Dividend
Mr. A. D. Cutts, receiver of the First National Bank of Fulton, issued a statement Tuesday to the effect that dividend checks in payment of a second dividend of ten per cent are now in his possession and available for distribution at must be presenamount involved in this distribution is $25,326.25 and makes a total of 70 per cent or $177.303.32 paid by him as Receiver since March of this year, the bank having suspended business April 13, 1926.
8.July 28, 1927The Webb City SentinelWebb City, MO
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Article Text
FAILED BANK PAYS AGAIN
Fulton, Mo., July D. Cutts, receiver of the First National Bank of Fulton, ,announced today the payment of a second dividend of 10 per cent. The amount involved in this distribution is $25,326 and makes a total of 70 per cent or $177,303. paid by him as receiver since March, this year, the bank having suspended business April 13, 1926.
9.July 28, 1927St. Louis Globe-DemocratSt. Louis, MO
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Article Text
St. Louis Business and Financial News
FOREIGN EXCHANGE-
Foreign exchanges firm: tions in cents: bles, $4.85 9-16: sixty-day bills on Quotations in France Demand, 8.91%: cables. 13.89. 23.77. Norway-Demand, 25.83. Demand, 26.77. Spain-Demand, 17.06. 1.76.
42.50.
SECOND DIVIDENDD. Cutts, receiver, First National Bank, Fulton, Mo., announces the payment of a second dividend of 10 per The amount involved in this distribution is $25,326.25 and makes total of 70 per cent or $177,303,32 paid by him as receiver since March of this year, the bank having suspended business April 13,
COFFEE.
By NEW Associated YORK, Press. 27.-Coffee futures opened today points selling by reports of liberal offerings from Brazil
10.July 31, 1927The Daily News and IntelligencerMexico, MO
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Article Text
FIRST NATIONAL BANK, FULTON. MISSOURI, PAYS SECOND DIVIDEND OF 10%
Mr. A. D. Cutts, receiver. First National Bank. Fulton. Mo., announced today that dividend checks were in his possession for payment of a dividend of 10 per cent to all creditors of the bank holding receivers certificates. The certificates must be presented for proper endorsement before the checks can be delivered to the payees. The first dividend paid by this receivership was for 60 per cent and the total amount paid to-date. after the checks now on hand have been disbursed, will equal $177,303.32
Orlando Worrell has returned from Chicago where he spent the summer. He purchased a Dodge sedan in Detroit and drove It home.
E. S. Wilson of Jefrerson City, formerly of Mexico, was here Saturday.
11.May 24, 1928The Daily News and IntelligencerMexico, MO
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Article Text
FIRST NATIONAL BANK. FULTON. PAYS THIRD DIVIDEND
A. D. Cutts. receiver of First Na tional Bank of Fulton, is now engaged in paying to the creditors of that bank which suspended business April 13, 1926. a third dividend of 10% The total dividends paid by the receiver of this bank to date equals 80% of the proven claims and involves something over $200,000. which has been returned to the depositors.
12.May 25, 1928Columbia MissourianColumbia, MO
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Article Text
Bank Creditors Get Dividend A. D. Cutts, receiver of the First National Bank of Fulton, is now engaged in paying to the creditors of that bank, which suspended business April 13, 1926. third dividend of 10 per cent. The total dividends paid by the receiver of this bank date equals 80 per cent of the proven claims and involves something over $200,000.
13.June 13, 1929The Missouri TelegraphFulton, MO
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Article Text
NEW BANK RECEIVER HERE
Ira B. Walb Succeeds A. D. Cutts and Expects to Wind Up First National Bank Affairs by Fall national bank assigned the Division Insolvent National Banks the of the Comptroller the Cur Friday morning that the resignation of Arthur receiver of the First Na. tional Bank of Fulton has been cepted, effective at the close busi ness 1929 Ira who has had quate experience such been appointed to the office Mr A survey the situation that several weeks may required by Mr. Walb to familiarize himself with the affairs of said dividend should paid and the affairs of the bank wound than the coming The First National Bank 1926 and for several Karraker Louis being charge the affairs of the bank the last several business but that The books the bank have the directors' Bank where
14.September 26, 1929The Missouri TelegraphFulton, MO
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Article Text
Ira B. Walb in Charge of LiquidatIng Bank Here, Transferred to Cedar County Institution
Ira B Walb since June has been the in charge liquidation of the defunct First Na tional Bank Fulton received instructions Tuesday from the comptroller of the currency Washing ton, to go to Eldorado Springs Mo. in Cedar county. to take charge of the First National Bank there Mr Walb has learned that the federal court at Washington has approved the sale of the assets of the Fulton institution of which he has been in charge to Jameson Fulton. for $430. but he received the accept from the comptroller Mr Walb stated that he expects back to Fulton in the future to box up the books and records of the First National Bank forwarding to Washington In finally up the affairs here
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
