Central National Bank

Episode Information

Episode UID: 1042301625
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 104230 national
Charter Number: 10423
Start Date: May 18, 1935
Location: Decatur, Alabama (34.606, -86.983)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 58e63a398a788171

Response Measures

None

Receivership Details

Depositor recovery rate: 23.9%
Date receivership started: 1932-10-01
Share of assets assessed as good: 1.5%
Share of assets assessed as doubtful: 51.5%
Share of assets assessed as worthless: 47.0%

Description

Article names a receiver and sale of the bank building but gives no earlier suspension/run details; additional articles could date the failure.

Events (4)

1. July 16, 1913 Chartered

Source: historical_nic

2. November 6, 1930 Voluntary Liquidation

Source: historical_nic

3. October 1, 1932 Receivership

Source: historical_nic

4. May 18, 1935 Receivership

Newspaper Excerpt: The purchase was made from the Central National Bank receiver and Mrs. Thomas A. Bowles.
Source: newspapers

Newspaper Articles (1)

1. May 18, 1935 The Decatur Daily Decatur, AL

Article Text

CENTRAL NATIONAL BUILDING IS SOLD Mrs. E. J. Polhill the Purchaser of Property One of the largest single realty purchases here in several years was recorded today with announcement of the purchase of the Central National Bank building by Mrs. E. J. Polhill for an unannounced consideration. The purchase was made from the Central National Bank receiver and Mrs. Thomas A. Bowles. It was understood that Mrs. Polhill purchased the building as an investment and soon will make extensive improvements of the property. The building, located at the intersection of Second avenue and Johnston street, is one of the most desirable pieces of business property here.