First National Bank - Lumberton, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5613
Charter Number: 5613
Start Date: February 6, 1933
Location: Lumberton, Mississippi (31.001, -89.452)

Metadata

Model: gpt-5-mini
Short Digest: 41920693

Response Measures

None

Receivership Details

Depositor recovery rate: 44.2%
Date receivership started: 1933-02-09
Date receivership terminated: 1936-11-30
Share of assets assessed as good: 12.1%
Share of assets assessed as doubtful: 80.4%
Share of assets assessed as worthless: 7.5%

Description

Articles (1934) state the First National Bank of Lumberton suspended in February 1933 and the Comptroller of the Currency appointed a receiver (Rawlings). These are foreclosure notices by the receiver in 1934. No run is mentioned; closure under a receiver indicates government action leading to permanent closure.

Events (5)

1. November 2, 1900 Chartered

Source: historical_nic

2. February 6, 1933 Receivership

Newspaper Excerpt: Rawlings was duly appointed Receiver of said defunct bank by the Comptroller of the Currency and now the duly acting Receiver said defunct bank charge of the property and affairs thereof, and engaged ... under the statutes and the rules and regulations promulgated thereunder and applicable such The Receiver's record ... having been instructed ... being the legal owner and the holder ... will sell ... October 1934 ... the trust deed ... to satisfy the aforesaid indebtedness and costs . . . (foreclosure notice).
Source: newspapers

3. February 6, 1933 Suspension

Cause: Government Action
Cause Details: Comptroller of the Currency closed the bank and appointed a receiver (Rawlings) in February 1933.
Newspaper Excerpt: On February 6, 1933, the First National ... closed its doors ... Rawlings was duly appointed Receiver of said defunct bank by the Comptroller of the Currency
Source: newspapers

4. February 9, 1933 Receivership

Source: historical_nic

5. October 1, 1934* Other

Newspaper Excerpt: Therefore, by the Receiver ... Monday, October 1934, within hours, the East front door the County Courthouse ... will sell at public outcry ... the property described in the trust deed ... to satisfy the aforesaid indebtedness and costs (foreclosure sale notice).
Source: newspapers

Newspaper Articles (3)

1. September 27, 1934 The Picayune Item Picayune, MS

Article from The Picayune Item, September 27, 1934

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Article Text

FORECLOSURE SALE On March Thomas Mittie Bounds Thomas, executed livered Trustee, and benefit the First National Bank, Lumberton, Mississippi, their trust said Bank and therein corner sold Creek Baptist Church, tion Range County, Mississippi. Said record the Clerk the Chancery the County Courthouse, Pearl Mississippi, Land Mortgage Book No. thereof. of though therefor February 1933, the First National Bank aforesaid suspended its defunct Comptroller Currency United States and acting Receiver said defunct qualified bank and charge the property affairs thereof, and engaged under statutes the and regulations mulgated and applicable The Receiver's appointment aforesaid record the the Chancery Land Deed Record No. Page having been instructed Receiver behalf being the legal owner aforesaid and the holder evidencing the trust deed securing the same, he having the trust October 1934, hours, the East front County Courthouse, Poplarville, Pearl offer for sale will sell Mississippi, the highest and cash public outery bidder the property scribed trust deed herein-before sufficiency theresatisfy the aforesaid indebtedness and legal Title said property believed by good, but will only in trustee signature, this the 17th day Witness September JOHN Trustee. 39-40-41-42

2. October 4, 1934 The Picayune Item Picayune, MS

Article from The Picayune Item, October 4, 1934

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Article Text

FORECLOSURE SALE Thomas and wife, On March 12, Mittie Bounds Thomas, and livered Trustee, First National Bank, their trust Lumberton, Mississippi, indebtedness evidencing and securing by said Bank owning security said therein collateral of of corner sold Hickory Creek Baptist Church, Township South, Range Mississippi. Pearl River County, record the Said the Chancery Court the Clerk Poplarville, Pearl the County Courthouse, Mississippi, Land Mortgage River County, thereof. Book No. Pages secured The and default therefor hath though frequent demand the First National On February 1933, suspended thereafter, doors Rawlings December said defunct appointed Receiver of the Currency of the by the Comptroller the duly United States and now and acting Receiver said defunct charge the property affairs thereof, engaged of the under per and the rules and regulations statutes thereunder and applicable mulgated The the Chancery record Land Deed Record Book No. aforesaid, 39, Page having been instructed Therefore, aforesaid, on behalf the Receiver being the legal trust aforesaid, and the holder indebtedness evidencing trust note same, he securing the with law and the trust October 1934, the East front hours, County Courthouse, River Mississippi, offer highest and best public outery property bidder the trust deed scribed sufficiency therewill indebtedness and the aforesaid satisfy legal cost. believed Title said property

3. October 18, 1934 The Picayune Item Picayune, MS

Article from The Picayune Item, October 18, 1934

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Article Text

FORECLOSURE SALE On March 12. 1928, Thomas and wife, Mittie Bounds executed and Trustee, the National Bank Lumberton, Mississippi, their trust evidencing and indebtedness then owning by them said Bank and namtherein collateral security said ing debt, viz: SW sold Reck to Hickory Creek Baptist Church, tion Township South, Range Pearl River County, Mississippi. Said record the ffice the Clerk the Chancery the County Poplarville, Pearl River Mississippi, Land Mortgage Record Book No. 15, Pages 566-568 thereof. The evidenced and secured long since past and default of pay. ment, though frequent therefor 1933, the First National On February 6, aforesaid and closed its 1933, Rawlings was December duly appointed Receiver of said defunet bank Comptroller the Currency and now the duly United and said defunct bank charge of the property and affairs thereof, and engaged the of the same under statutes and the and regulations promulgated thereunder and applicable such The Receiver's record the office the Chancery Clerk Land Deed Record Book No. Page having been instructed Therefore, by the Receiver behalf of aforesaid, being the legal owner and the holder the and the deed the same, and me do in with and the the trust deed, will, therefore, Monday, October 1934, within hours, the East front door the County Pearl offer and will sell public the highest land property debidder therefor the the trust deed sufficiency theresatisfy the aforesaid indebtedness and Title said property is believed by good, but such title trustee the vested Witness my signature, this the 17th day September JOHN Trustee. 39-40-41-42