118. First National Bank (Decatur, AL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3699
Charter Number
3699
Start Date
September 1, 1893*
Location
Decatur, Alabama (34.606, -86.983)

Metadata

Model
gpt-5-mini
Short Digest
25c984eb

Response Measures

None

Description

Articles describe two separate suspension episodes. In Sept 1893 the First National Bank (Decatur, Ala.) had recently suspended and was permitted to reopen (reopening dated Sept 16, 1893). Separately, in Jan 1932 the bank voluntarily suspended business (precautionary move due to illiquid assets) and a receiver was appointed shortly after (Jan 19, 1932) — indicating permanent closure/liquidation. No bank run is described in the pieces provided. Overall the final documented outcome is suspension followed by receivership (closure), so episode_type set to suspension_closure. Dates use newspaper dates where explicit.

Events (6)

1. May 5, 1887 Chartered
Source
historical_nic
2. September 1, 1893* Suspension
Cause
Macro News
Cause Details
Part of a broader set of national bank suspensions reported in Sept. 1893 (bank had 'recently suspended payment')
Newspaper Excerpt
The following National banks, which recently suspended payment, have been permitted to reopen their doors for business: The First National, of Decatur, Ala.
Source
newspapers
3. September 16, 1893 Reopening
Newspaper Excerpt
The First National, of Decatur, Ala., ... have been permitted to reopen their doors for business: ... (Washington, Sept. 16).
Source
newspapers
4. June 21, 1913 Voluntary Liquidation
Source
historical_nic
5. January 15, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors voted to suspend because assets that could not be immediately realized had reduced cash reserves to a point endangering depositors; precautionary temporary suspension
Newspaper Excerpt
As precautionary move to protect its depositors, the First National bank suspended business this morning, on vote of the board of directors taken at meeting last night.
Source
newspapers
6. January 19, 1932 Receivership
Newspaper Excerpt
B. Soper ... has been appointed receiver for the First National Bank in Decatur. ... the receiver was expected to arrive ... to take up various matters ... and he will take active charge within few days.
Source
newspapers

Newspaper Articles (5)

Article from The Evening World, September 16, 1893

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Article Text

Banks That Have Resumed. WASHINGTON, Sept. 16.-The following National banks, which recently suspended payment. have been permitted to reopen their doors for business: The First National, of East Portland, Ore.; the First National, of Decatur, Ala., and the Lemars National, of Lemars, la.


Article from The Sun, September 17, 1893

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Article Text

National Banks Resume. WASHINGTON. Sept. 16.-The following national banks which recently suspended payment have been permitted to reopen their doors for business: The First National Bank of East Portland. Or., the First National Bank of Decatur. Ala., and the Lemars National Bank of Lemars. Ia.


Article from Huntsville Gazette, September 23, 1893

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Article Text

LOCAL NOTES -Lovely nights. -Wells are reviving. -Full moon on the 25th. -Business is looking up. -Fine harvest weather. -Fall opened yesterday. -Vacation days have ended. -Early fall weather is predicted. -Fall was ushered in on the 22nd -Send the children out to Sun day school to morrow. -Sweet potatoes are getting plentiful. -The First National Bank of Decatur has resumed business. -Crop gathering progresses vigorously. -Farmers are making hay while the sun shines. -City schools open the first Monz dap in October. -Our merchants are receiving new goods. -Merchants who advertise furnish bargains to customers. -News reaches the city of the death of John Mason out west. -The Anderson & Dement Drug Store has a business boom con tinually. Do not wait but call and get your winter suit while prices are low, W. A. WEEDEN. -Rev. E. M. Jones will begin a series of protracted meetings in h is church Lakeside M. E to morrow night. -We congratulate Rev. Alfred McCally ou his Washington ap. pointment, wishing him success therein. I have just received a new stock of fall samples of the latest styles at a low price. W. A. WEEDEN. -As the nights lengthen and the winter season draws nigh we may look for a revival of the Ivy Leaf Club. -Our Street Superintenden should look after the approaches to the colored city school and get the places filled up that otherwise will swim the children in mud during the rainy season. Don't fail to call and examine my line of $3,00 pants. W. A. WEEEEN. Best baker's bread fresh from the oven at MRS. E. DENTLER'S. -If all employers showed that tender regard and esteem for their employees as has been most noticeable in Dr. A. B. Jones toward the late Emanuel McCally through his sickness and death all would be well between labor and capital. -For fresh candies, fruits, nuts and the best of every thing in the line of contectioneries call on MRS. H. SCHOLLE, Jefferson Street. -The great dry goods establishment of A. R. Campbell & Co., whose fall announcement occupies a prominent space elsewhere in these columns, is one of the institutions of Huntsville Its history runs back to 1865. By honest dealing and an accommodating spirit this house has grafted itself in the good graces of the public.


Article from The Decatur Daily, January 15, 1932

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Article Text

DEPOSITORS RECEIVE MONEY Precautionary Move Taken Today By 1st National As precautionary move to protect its depositors, the First National bank suspended business this morning. on vote of the board of directors taken at meeting last night. All depositors were expected to receive their funds in full as soon the affairs of the bank can be liquidated Assets on which funds could not be immediately realized were understood to have brought the cash reserves of the bank to point where officers and directors felt interests of depositors might be endangered, with the result that the directors voted last night to suspend business. at least temporarily, today. There was some talk of reopening the bank at little later date, but nothing definite had been done this morning toward that goal. The capital of the bank is $200,000 and deposits in excess of $700,000. all of which are believed to be amply secured by assets and was felt that all depositors would recelve the full amount due in comparatively short time.


Article from The Decatur Daily, January 19, 1932

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Article Text

APPOINTED BANK'S RECEIVER Takes Charge Soon Of Affairs Of the Closed Bank B. Soper, already well known in this section. has been appointed receiver for the First National Bank in Decatur. Mr. Soper handled the liquidation of the First National Bank Hartselle and is well acquainted in Morgan county and thus is sent to Decatur to liquidate the affairs of the First National here. The receiver was expected to arrive during this afternoon to take up various matters in connection with the affairs of the bank being turned over to him and he will take active charge within few days. At present the national bank examiners are busy in checking the condition of the bank, but their duties here will be completed very shortly.