First National Bank (Clovis, NM)

Episode Information

Episode UID
1252201503
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
125220 national
Charter Number
12522
Start Date
March 14, 1925
Location
Clovis, New Mexico (34.405, -103.205)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47990c5141a20902

Response Measures

None

Receivership Details

Depositor recovery rate
55.0%
Date receivership started
1924-09-04
Date receivership terminated
1927-09-30
OCC cause of failure
Governance
Share of assets assessed as good
19.3%
Share of assets assessed as doubtful
59.5%
Share of assets assessed as worthless
21.2%

Description

Receiver appointed and sale of bonds authorized; receiver later died by suicide in 1926.

Events (5)

1. April 3, 1924 Chartered
Source
historical_nic
2. September 4, 1924 Receivership
Source
historical_nic
3. March 14, 1925 Suspension
Cause
Government Action
Cause Details
Bank placed in federal receivership and payments suspended; receiver pursuing litigation and sale of bonds.
Newspaper Excerpt
H. A. Jacobs, receiver of the First National Bank of Clovis.
Source
newspapers
4. June 19, 1925 Receivership
Newspaper Excerpt
In the matter of the receivership of the First National Bank in Clovis, Clovis, N. M., sale of bonds authorized.
Source
newspapers
5. April 13, 1926 Other
Newspaper Excerpt
George U. Schweinfurth, receiver of the First National bank in Clovis killed himself April ... by shooting himself in the heart.
Source
newspapers

Newspaper Articles (4)

Article from The Santa Fe New Mexican, March 14, 1925

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Article Text

BANK RECEIVER FILES TWENTY SUITS OVER STOCK ASSESSMENTS Suits filed in Roswell have been received at the U. 8. district clork's office here. They are suits by H. A. Jacobs, receiver of the First Na. tional Bank of Clovis. against number of defendants over bank as sessments. The names of defend ants Pipkin, E. W. Rea gan, Will H. Pattison. H. Ford. Rodes. O. Pritchard S. H. Rhodes. B. Eastham, Ned 85 Miller F. Sellers M. Woods and Joseph A. Smith.


Article from El Paso Times, March 15, 1925

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Article Text

BANK RECEIVER HERE. H. A. Jacobs, for the First National bank, of Clovis, N. M., was here yesterday for with El Paso attorneys relative to litigation in which the trust is interested.


Article from The Santa Fe New Mexican, June 19, 1925

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Article Text

FEDERAL COURT NOTES The following orders were signed today by U. District Judge Colin Neblett: In the matter of the receivership of the First National Bank in Clovis, Clovis, N. M., sale of bonds authorized. In the case of Albert H. Denton, ceiver of the City National Bank Paso, Charles M. judgment in favor of the plaintiff for and interest. In the case of the United States of America rel Pueblo of Santa Clara and San Ildefonso. Antonio Vigil cause dismissed without prejudice. In the case of Grace B. Doering VS. Joseph Barnett, et tal, cost bond executed by the plaintiff for $1,000 is released. In the case of Clarence Rankin et the plaintiffs will reΓ§over from defendant $500 in full payment. BANKRUPTCY MATTERS Bankrupts' petition for discharge acted upon as Walter H. Pace, of referred to Fullerton at Samuel Pickens, of Estancia, to Mr. Fullerton. Discharges granted Warren Earl Simons, of Clayton; to the coof Ernest Livers and partners Mary B. Livers and Ernest Livers and Mary B. Livers individually, of Mountainair to Eppy L. Northcutt, French. Case of Mike Joseph and Rose Joseph ordered closed also of Claude William Carlson and Orvel Brown of Estancia, and Thomas L. Lowe, of Silver City. Application for discharge Charles Skinner, Albuquerque, referred to George Taylor, James R. Doolney. Santa Fe. to Mr. Fullerton, Santa Fe: William Meyer, of Santa Fe, to Mr. Fullerton: William Murray of Silver City, to Frank Wright Silver City: Henry Westerfield Son, co-partnership, composed of Henry Westerfield, GusTaylor at Albuquerque: Abe of to Wright at Silver City Edward C. Eaton of Socorro Mr. Taylor, Silver City: Clyde Hooper, of Raton to George Alexander Janos of Hanis, at to Mr. Taylor Albuquerque. SLOAN NAMED COMMISSIONER Sloan was named U. Oglesby Commissioner at. Quemado, Catron county.


Article from Albuquerque Journal, April 13, 1926

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Article Text

BANK RECEIVER AT CLOVIS ENDS LIFE George U. Schweinfurth. receiv. of the First National bank in Clovis killed himself April at Groom, Texas, by shooting himself in the heart, according to a letter received here. Mr. Schweinfurth also was receiver of the bank at Groom. He was 32 years old.