Article Text
Bank Receiver Appointed PHARR, Nov. 20-(Sp)-W. W. Collier of Edinburg has been appointed receiver for the defunct First Na ional bank of Phare and liquidatio: is scheduled to start soon, according to reliable reports here today.
First National Bank (Pharr, TX)
Episode Information
- Episode UID
1016901583- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
101690national - Charter Number
- 10169
- Start Date
- November 20, 1931
- Location
- Pharr, Texas (26.195, -98.184)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
452ab14a0f8d43e2
Response Measures
None
Receivership Details
- Depositor recovery rate
- 33.0%
- Date receivership started
- 1931-11-12
- Date receivership terminated
- 1937-08-20
- Share of assets assessed as good
- 20.8%
- Share of assets assessed as doubtful
- 63.4%
- Share of assets assessed as worthless
- 15.9%
Description
Receivership and liquidation reported in 1931; later receiver change noted in 1935.
Events (4)
1.
April 2, 1912
Chartered
- Source
- historical_nic
2.
November 12, 1931
Receivership
- Source
- historical_nic
3.
November 20, 1931
Receivership
- Newspaper Excerpt
- W. W. Collier of Edinburg has been appointed receiver for the defunct First Na ional bank of Phare and liquidatio: is scheduled to start soon.
- Source
- newspapers
4.
February 13, 1935
Receivership
- Newspaper Excerpt
- Ben Freudenstein ... has been named also as receiver for the defunct First National Bank of Pharr. He succeeds W. W. Collier.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Freudenstein Named Pharr Bank Receiver Ben Freudenstein, receiver for the Merchants National Bank of Brownsville, has been named also as receiver for the defunct First National Bank of Pharr. The duties will be added to his duties as receiver for the Brownsville bank. He succeeds W. W. Collier, former state banking commissioner.