12911. Citizens National Bank (Roswell, NM)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
6777
Charter Number
6777
Start Date
April 13, 1928
Location
Roswell, New Mexico (33.394, -104.523)

Metadata

Model
gpt-5-mini
Short Digest
f7cefa181861d362

Response Measures

None

Receivership Details

Depositor recovery rate
18.3%
Date receivership started
1923-11-16
Date receivership terminated
1929-06-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
7.5%
Share of assets assessed as doubtful
51.6%
Share of assets assessed as worthless
40.9%

Description

Both articles (Apr 13 and Apr 17, 1928) state that H. McKinney had been receiver for several failed national banks, including the Citizens National (Roswell). This indicates the Roswell Citizens National was closed and placed in receivership. There is no mention of a depositor run or a subsequent reopening, so the episode is classified as a suspension leading to closure/receivership.

Events (3)

1. May 9, 1903 Chartered
Source
historical_nic
2. November 16, 1923 Receivership
Source
historical_nic
3. April 13, 1928 Receivership
Newspaper Excerpt
Mr. McKinney was receiver for five failed national banks ... and the Citizens National Roswell
Source
newspapers

Newspaper Articles (2)

Article from Carlsbad Current-Argus, April 13, 1928

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Article Text

McKINNEY GOES TO AMARILLO FIRST NATL H. McKinney, for some time receiver of several failed national banks New Mexico including the First National and Carisbad Na tional this city was last week succeeded by Rawlings. tional bank receiver who for some time has had charge of the affairs the failed First National Las Vegas and Springer National Bank New Mr. Kinney was receiver for five failed national two Carlsbad and the Citizens National Roswell the First National Mountainair and the First National at Fort The new receiver liquidate the affairs of these five banks as well the two he in charge before the change mentioned was made The new ceiver will have offices at both Carlsbad and Las Vegas. The Carlsbad office during Mr. absence will in charge of Miss Frankie Mr McKinney resigned has gone to where will connected First National that city as in an active capacity for Mr. Fuquar, president of that bank.


Article from The Santa Fe New Mexican, April 17, 1928

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Article Text

NEW BANK RECEIVER McKinney, for some time receiver of several defunct banks in New Mex. leo, including the First National and Carlsbad National; of this city, was last week succeeded by A. F. RawlIngs, a national bank receiver who for some time has had charge of the at. fairs of the falled First National at Las Vegas, and Springer National bank, of Springer. Mr. McKinney was receiver for five national banks two at Carlsbad and the Citizens National at Roswell, the First National at Mountainair and the First National at Fort Summer.