First National Bank - Bristol, TN

Episode Information

Episode UID: 1364001590
Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 136400 national
Charter Number: 13640
Start Date: June 1, 1932*
Location: Bristol, Tennessee (36.595, -82.189)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 3d41e977ee5397f9

Response Measures

None

Description

Reconstruction Finance Corp. subscribed preferred stock and federal deposit insurance qualified are noted.

Events (3)

1. June 1, 1932* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Crisis in the bank's affairs led to reorganization and freezing of deposits for ~18 months
Newspaper Excerpt: following the crisis in the bank's affairs that necessitated a reorganization in June, 1932
Source: newspapers

2. October 21, 1932 Chartered

Source: historical_nic

3. January 2, 1934 Reopening

Newspaper Excerpt: With the first business day of the new year the First National bank in Bristol will release more than a million dollars in restricted deposits.
Source: newspapers

Newspaper Articles (1)

1. January 1, 1934 The Knoxville Journal Knoxville, TN

Article Text

Bank at Bristol To Pay Million BRISTOL, Dec. 31 — With the first business day of the new year the First National bank in Bristol will release more than a million dollars in restricted deposits. These funds have been frozen for the past 18 months, following the crisis in the bank's affairs that necessitated a reorganization in June, 1932. The First National has not only been habilitated on a sound basis, but its depositors have been saved 100 per cent. The bank had been able to make such a showing of strength and stability that the Reconstruction Finance Corp. has subscribed to $250,000 of its preferred stock and has already paid into the bank this sum of money. It has also qualified for the federal insurance of its deposits under the new deposit guarantee arrangement.