First National Bank (Mathis, TX)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
October 15, 1931
Location
Mathis, Texas (28.094, -97.828)
Bank Type
national
Charter Number
11838

Metadata

Receivership Details

Depositor recovery rate
84.2%
Date receivership started
1931-10-15
Date receivership terminated
1935-09-20
OCC cause of failure
Economic conditions
Share of assets assessed as good
27.4%
Share of assets assessed as doubtful
55.7%
Share of assets assessed as worthless
16.9%

Events (5)

1. September 17, 1920 Chartered
Source
historical_nic
2. October 15, 1931 Suspension
Cause
Government Action
Cause Details
Placed in receivership by the Comptroller of the Currency on Oct. 15, 1931.
Newspaper Excerpt
The Mathis bank went into receivership Oct. 15, 1931, the comptroller said.
Source
newspapers
3. October 15, 1931 Receivership
Newspaper Excerpt
The Mathis bank went into receivership Oct. 15, 1931, the comptroller said.
Source
newspapers
4. October 15, 1931 Receivership
Source
historical_nic
5. September 1, 1935* Other
Newspaper Excerpt
First National Bank of Mathis completed liquidation of their receiverships during September (Oct. 10, 1935 report).
Source
newspapers

Newspaper Articles (3)

Article Text

2 TEX. BANKS ON LIQUIDATED LIST

Receiverships End in Waco, Mathis Institutions, U. S. Comptroller Says.

WASHINGTON, Oct. 10 (AP). โ€” Two Texas banks were included today in the list of 18 which Comptroller of the Currency J. F. T. O'Connor said had completed liquidation of their receiverships during September.

One was the Provident National Bank of Waco and the other was the First National Bank of Mathis.

The Waco bank had been in receivership since March 26, 1927, the liabilities of the institution having been assumed by another bank. A receiver was appointed to collect an assessment against stockholders to cover a deficiency in assets sold. Disbursements during the receivership, including offsets allowed, O'Connor said, totaled $281,643, or 93.333 per cent of the total liabilities.


Article Text

One was the Provident National Bank of Waco and the other was the First National Bank of Mathis.

The Waco bank had been in receivership since March 26, 1927, the liabilities of the institution having been assumed by another bank. A receiver was appointed to collect an assessment against stockholders to cover a deficiency in assets sold. Disbursements during the receivership, including offsets allowed, O'Connor said, totaled $281,643, or 93.333 per cent of the total liabilities.

The Mathis bank went into receivership Oct. 15, 1931, the comptroller said. Disbursements, including offsets allowed, to depositors and other creditors totaled $67,777, or 84.35 per cent of total liabilities. Unsecured depositors received dividends amounting to 84.18 per cent of their claims.

An eagle carried away the 3-year-old son of a farmer near Kajana, Finland.


Article Text

LIQUIDATION OF BANKS IS MADE

Two Of 18 Completing Business Last Month Are In Texas

WASHINGTON, Oct. 10. (AP)โ€”Two Texas banks were included today in the list of 18 which Comptroller of the Currency J. F. T. O'Connor said had completed liquidation of their receiverships during September.

One was the Provident National Bank of Waco and the other was the First National Bank of Mathis.

The Waco bank had been in receivership since March 26, 1927, the liabilities of the institution having been assumed by another bank. A receiver was appointed to collect an assessment against stockholders to cover a deficiency in assets sold. Disbursements during the receivership including offsets allowed, O'Connor said, totaled $281,643, or 93.333 per cent of the total liabilities.

The Mathis bank went into receivership Oct. 15, 1931, the comptroller said. Disbursements, including offsets allowed, to depositors and other creditors totaled $67,777, or 84.35 per