First National Bank - Brantley, AL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7991
Charter Number: 7991
Start Date: June 29, 1933
Location: Brantley, Alabama (31.584, -86.256)

Metadata

Model: gpt-5-mini
Short Digest: 55d0ab3f

Response Measures

None

Receivership Details

Depositor recovery rate: 70.2%
Date receivership started: 1930-02-17
Date receivership terminated: 1936-10-09
OCC cause of failure: Economic conditions
Share of assets assessed as good: 27.3%
Share of assets assessed as doubtful: 57.6%
Share of assets assessed as worthless: 15.1%

Description

Article (Elba Clipper, 1933-06-29) identifies Thos. Dixon as Receiver of the First National Bank of Brantley and announces a fourth dividend to depositors. No mention of a prior depositor run; bank is in receivership and paying dividends, indicating it closed and was placed in receivership. OCR errors corrected (e.g., 'positors' -> 'depositors').

Events (4)

1. December 1, 1905 Chartered

Source: historical_nic

2. February 17, 1930 Receivership

Source: historical_nic

3. June 29, 1933 Other

Newspaper Excerpt: Thos. Dixon, Receiver ... announces that fourth dividend of 10 payable ... he now ready to deliver the dividend checks. This makes total dividends paid 63 cent, per
Source: newspapers

4. * Receivership

Newspaper Excerpt: Thos. Dixon, Receiver of the First National Bank of Brantley, announces that fourth dividend of 10 payable all positors who have proven claims been declared and he now ready to deliver the dividend checks.
Source: newspapers

Newspaper Articles (1)

1. June 29, 1933 The Elba Clipper Elba, AL

Article from The Elba Clipper, June 29, 1933

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Article Text

Brantley Bank Receiver Announces 10% Thos. Dixon, Receiver of the First National Bank of Brantley, announces that fourth dividend of 10 payable all positors who have proven claims been declared and he now ready to deliver the dividend checks. This makes total dividends paid 63 cent, per Dr. and Mrs. Ringsdorf announce the birth of last Tuesday, June 20th. Mrs. Ringsdorf and the home young of her parents in The doctor spent last week with them.