First National Bank (Fairview, MO)

View Charter #8916 on SPMC View balance sheet

Episode Information

Episode UID
891601569
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
89160 national
Charter Number
8916
Start Date
September 17, 1930
Location
Fairview, Missouri (0.000, 0.000)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
02dde714482fb53d

Response Measures

None

Receivership Details

Depositor recovery rate
51.4%
Date receivership started
1930-09-17
Date receivership terminated
1935-04-24
OCC cause of failure
Economic conditions
Share of assets assessed as good
40.9%
Share of assets assessed as doubtful
53.3%
Share of assets assessed as worthless
5.8%

Description

Articles name Fairview National Bank (no First); likely same institution but name mismatch.

Events (4)
1. October 16, 1907 Chartered
Source
historical_nic
2. September 17, 1930 Receivership
Source
historical_nic
3. September 17, 1930 Receivership
Newspaper Excerpt
E. L. Williams, a bank examiner from the federal reserve bank at Kansas City, took charge.
Source
newspapers
4. September 17, 1930 Suspension
Cause
Government Action
Cause Details
Closed by order of board; Federal Reserve bank examiner took charge and began examination; reported 'frozen assets.'
Newspaper Excerpt
FAIRVIEW NATIONAL BANK IS SUSPENDED ... was closed today by order of its board of directors, and E. L. Williams, a bank examiner from the federal reserve bank at Kansas City, took charge.
Source
newspapers

Newspaper Articles (2)
1. September 17, 1930 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, September 17, 1930

Click image to open full size in new tab

Article Text

FAIRVIEW NATIONAL BANK IS SUSPENDED The Associated By view National bank at Fairview, Newton county, was closed today by order of its board of directors, and E. L. Williams. a bank examiner from the federal reserve bank at Kansas City, took charge It was the only bank in Fairview, a town of. 400 population. The bank was capitalized at $25,000. W. P. Carpenter is president Williams. who arrived today in response to a call by the directors. said he expected to complete his examination in few days. No reason for the closing was given officially understood to but it was generally "frozen assets." have resulted from

2. September 25, 1930 The Monett Times Monett, MO
Article from The Monett Times, September 25, 1930

Click image to open full size in new tab

Article Text

NATIONAL BANK IS SUSPENDED JOPLIN, Mo., Sept. Fairview National bank at Fairview, Newton county, closed was today by order of its board of rectors, and Williams bank examiner from the federal reserve bank at Kansas took City, charge. the only bank in Fairview, town of 400 population. The bank capitalized at 000. Carpenter is president and George Swindle, cashier. Williams, who arrived today response to call by the directors, said he expected to complete his examination in few days. No reason for closing was given ficially, but was generally derstood have resulted from "frozen assets."