First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10558
Charter Number: 10558
Start Date: October 7, 1932
Location: Craig, Colorado (40.515, -107.546)

Metadata

Model: gpt-5-mini
Short Digest: 4e6a4566

Response Measures

None

Receivership Details

Depositor recovery rate: 68.6%
Date receivership started: 1932-02-18
Date receivership terminated: 1935-06-29
Share of assets assessed as good: 14.1%
Share of assets assessed as doubtful: 81.9%
Share of assets assessed as worthless: 4.0%

Description

Article is an RFC loan list (published 1932-10-07) that identifies 'First National bank of Craig (receiver)', indicating the bank was in receivership (closed) at that time. No contemporaneous run or suspension event is described in the excerpt — only the receivership/closure is mentioned.

Events (3)

1. June 9, 1914 Chartered

Source: historical_nic

2. February 18, 1932 Receivership

Source: historical_nic

3. October 7, 1932 Receivership

Newspaper Excerpt: First National bank of Craig (receiver), $13,000;
Source: newspapers

Newspaper Articles (1)

1. October 7, 1932 Salt Lake Telegram Salt Lake City, UT

Article from Salt Lake Telegram, October 7, 1932

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Article Text

$186,209,310 LOANED BY R.F.C. (By Press) WASHINGTON. Oct. 7-The Reconstruction corporation report for August, made public today by South Trimble, clerk of the house of representatives, showed loans totaling $186,209,310 authorized during that month. The report, in part, follows: Banks and trust companies: First National bank, Holbrook, $7300; First National-bank, Holbrook, $5250; Helper State bank, Helper, $56,500; First State bank of Alamosa, Alamosa, $10,000; Nogales National bank (receiver). Nogales, $40,000; Valley Bank & Trust Co., Phoenix, $280,000; Boulder National bank, Boul der, erdinand State bank, Ferdinand, $3100; First Security bank of Gooding: First Savings Bank & Trust Co. of Albuquerque, $150,000; McFarland Brothers' bank, Logan, $10,000; First National bank of Nephi, $15,000; Bank of Arizona, Prescott, $51,250: Yavapai "County Savings, Prescott, $32,500: First Savings bank of Ogden, $171,933 19: Anderson Brothers' bank, Idaho Falls, $296,235; United Bank & Trust Co., Tucson, $20,000; Modoe County bank, Alturas, $30,000; Sandy City bank, $21,100; First Security bank of Jerome, $30,000; Modoc County bank, Alturas, $15,000: Anaheim First National bank, Anaheim. $18,000; Bank of Cambria, sold $50,000; People's Savings & Commer ciol bank, Chico, $42,000; The Com mercial bank of Spanish Fork, $26, 300; Moscow State bank, Moscow, First National bank of Coachella, $40,000; First National bank of Cor coran, $20,000; New Plymouth State bank, New Plymouth, $5600; Menden hall Banking company, Springville, 5 $19,000; First National of Cucamonga, $10,000; Bank of Folsom, $27, 500; First National bank in Glendale, $75,000; First National bank, Hermosa Beach, $10,000; Bank of Orofino, $8110; Farmers' State bank, Woods Cross, $9850: First Bank of Hermosa December Beach, $8250; City National bank of May Huntington Park, $10,000; First National of Laton, $15,000; Farmers & Merchants of Laverne, $30,000; First Security ban $44,500; Lindsay bank, Lindsay, $75, 000; Seaside National bank of Long Beach (receiver $165,000; Decker Jeweit bank, Marysville, $40,000; Lumbermen's Bank & Trust Co., St. Maries, $22,630; First National of Madera, bank, Maywood, $15,000: First National bank of Monterey, $65,800; Farmers bank, Star, $5800; First National bank of Newport Beach (receiver), $19,000; Citizens' Commerce Trust & Savings bank, Pasadena, Twin Falls Bank & Trust Co., Twin Falls, $33,000; First National bank of Craig (receiver), $13,000; J. Harris & Co., Bankers, Dolores, $15,000; First National of Pacific $25,000; Monterey County Trust & Savings bank, Salinas, $130,000: Douglas County bank, Parker, $13,000; Farmers' & Merchants' bank of Santa Ana, $84,000; Platteville National bank, Platteville, $10,000; Citizens' Commercial & Savings bank, Sequel, $10,000; Colorado bank, Pueblo, $45,000; First National of Torrance, $13,000; State bank of Ramah, $5000; First National bank. Vacaville, $20,000; Simla State bank, Simla, $3000.