First National Bank - Washington, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5388
Charter Number: 5388
Start Date: November 1, 1932*
Location: Washington, Missouri (38.558, -91.012)

Metadata

Model: gpt-5-mini
Short Digest: 7f03152d

Response Measures

None

Receivership Details

Depositor recovery rate: 68.6%
Date receivership started: 1932-11-18
Date receivership terminated: 1935-06-27
Share of assets assessed as good: 14.0%
Share of assets assessed as doubtful: 85.8%
Share of assets assessed as worthless: 0.2%

Description

Article (Feb 10, 1933) states a receiver (Joseph F. Holland) is handling claims following a suspension in November (year not specified; likely Nov 1932). No run is mentioned. The bank is in receivership and preparing a dividend, so this is a suspension that resulted in closure/receivership. Cause of suspension is not specified in the article.

Events (4)

1. June 2, 1900 Chartered

Source: historical_nic

2. November 1, 1932* Suspension

Cause Details: Article does not specify the reason for the suspension.
Newspaper Excerpt: claims have not as been filed with him for of the date of suspension, November
Source: newspapers

3. November 18, 1932 Receivership

Source: historical_nic

4. February 10, 1933 Receivership

Newspaper Excerpt: Receiver Joseph F. Holland advises that claims have not ... filed with him ... would like to get these filed with him just as soon as possible. Collections are coming in fairly well and he hopes to be position to the payment dividend ... after the three months' period for filing claims is over, which will be some time after April 1933.
Source: newspapers

Newspaper Articles (1)

1. February 10, 1933 Washington Citizen Washington, MO

Article from Washington Citizen, February 10, 1933

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Article Text

UNCLAIMED AT THE FIRST NATIONAL BANK HERE Receiver Joseph F. Holland advises that claims have not as been filed with him for of the date of suspension, November the bank had total deposists of and since January month's time. has received claims for leaving still claimed. would like to get these filed with him just as soon as possible. Collections are coming in fairly well and he hopes to be position to the payment dividend by the Comptroller the Currency just as soon the three months' period for filing claims is over, which will be some time after April 1933.