First National Bank

Episode Information

Episode UID: 1162501550
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 116250 national
Charter Number: 11625
Start Date: February 18, 1929
Location: Caddo, Texas (32.718, -98.668)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 7223f5664ba592ba

Response Measures

None

Events (3)

1. February 28, 1920 Chartered

Source: historical_nic

2. February 16, 1929 Voluntary Liquidation

Source: historical_nic

3. February 18, 1929 Suspension

Cause: Voluntary Liquidation
Cause Details: President announced voluntary suspension while liquidation is in progress; no deposits accepted and depositors to be paid in full.
Newspaper Excerpt: S. S. T. Swenson, president, today announced the voluntary suspension of business by the First National Bank at Caddo. While liquidation is in progress the bank will remain open, but no deposits will be accepted, Swenson said. All depositors are to be paid in full.
Source: newspapers

Newspaper Articles (1)

1. February 18, 1929 Brownsville Herald Brownsville, TX

Article from Brownsville Herald, February 18, 1929

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Article Text

BANK SUSPENDS BRECKENRIDGE, Tex., Feb. 18.(A -S. S. T. Swenson, president, today announced the voluntary suspension of business by the First National Bank at Caddo. While liquidation is in progress the bank will remain open, but no deposits will be accepted, Swenson said. All depositors are to be paid in full.

Episode Information

Metadata

Response Measures

Events (3)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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