137. First National Bank (Eutaw, AL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3931
Charter Number
3931
Start Date
July 3, 1934
Location
Eutaw, Alabama (32.841, -87.888)

Metadata

Model
gpt-5-mini
Short Digest
62e8fd35

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-08-23
Date receivership terminated
1937-05-28
Share of assets assessed as good
42.7%
Share of assets assessed as doubtful
56.3%
Share of assets assessed as worthless
1.1%

Description

Articles (July 5, 1934) show Cheairs acting 'As receiver of The First National Bank of Eutaw' and advertising foreclosure sales; no article mentions a depositor run. Bank is in receivership (closed) and mortgages are being foreclosed/transferred to RFC — consistent with suspension followed by closure/receivership.

Events (4)

1. October 15, 1888 Chartered
Source
historical_nic
2. August 23, 1933 Receivership
Source
historical_nic
3. July 3, 1934 Receivership
Newspaper Excerpt
Cheairs. As receiver of The First National Bank of Eutaw. and, as such Receiver, as Trustee for the Reconstruction Finance Corporation, transferee, owner and holder said mortgage hereinabove described and the note and debt thereby secured.
Source
newspapers
4. July 27, 1934 Other
Newspaper Excerpt
will, on the 27th day of July, 1934, proceed to sell in front the Court House door at Eutaw, Alabama ... at public outcry to the highest bidder ... Default having been made in the payment of the note and debt secured by said mortgage, this foreclosure is had for the purpose of collecting the said note and debt
Source
newspapers

Newspaper Articles (3)

Article from Greene County Democrat, July 5, 1934

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Article Text

NOTICE OF MORTGAGE FORECLOSURE SALE Under and by virtue of, and in pursuance of, the power of sale contained in that certain mortgage of date November 18th, 1927 executed by McKee G. Bouchelle and Lizzie Snow Bouchelle, wife and Henry T. Bouchelle and Julia Ms Bouchelle, his wife, The First National Bank of Eutaw, and which said mortgage is of record in the Probate Office of Greene County Alabama, in Records of Mortgage Number 134, at page 195, the undersigned, N. Cheairs, as Re ceiver of The First National Bank of Eutaw, and, as such! Receiver. as Trustee for the Reconstructior Finance Corporation, as the transferee, owner and holder of said mortgage and the note and debt thereby secured, will, on the 27th day of July, 1934, proceed to sell in front the Court House door at Eutaw, Alabama, during the gal hours of sale, at public outery to the highest bidder, for cash, undivided One-third interest in and to the the following described real estate, situate in the Town of Boligee, in Greene County, in the State of Alabama, and described in and conveyed by, said above described mortgage, to-wit: Commence at point on the North boundary line of Gould Street in the Town of Boligee, Greene County, Alabama, which said point is 204.50 feet North 47 degrees East from the corner of Sarah G. Bouchelle's brick store building on the NE corner of Gould and Constantino Streets; from this point of beginning which is the SW corner of lot hereby conveyed, run 150 feet North 47 degrees East with North boundary line of Gould Street parallel with and 100 feet from center of the main line track of Alabama Great Southern Railroad, to the West boundary line of the property or lot of Boligee Cotton and Ginning Company and SE corner, thence 80 feet North 43 degrees West along said Boligee Cotton and Ginning Company lot to NE corner, thence 150 feet South 47 degrees West to NW corner. thence 80 feet South 43 degrees East to SW corner and point of beginning, the said property being the same property conveyed to W. Bell, Boligee Mercantile Company and Bouchelle Brothers by Sarah G. Bouchelle, and on which is situate cotton warehouse. Default having been made in the payment of the note and debt cured by said mortgage, this foreclosure had for the purpose of collecting the said note and debt together with reasonable attorney's fee for foreclosure of said mortgage, and the other expenses incurred in and about the foreclosure of the same. Witness my hand this the 3rd day of July, 1934. Cheairs. As receiver of The First National Bank of Eutaw. and, as such Receiver. as Trustee for the Reconstruction Finance Corporation, transferee, owner and holder said mortgage hereinabove describand the note and debt thereby ed, J. D. McQueen Attorney for Mortgagee


Article from Greene County Democrat, July 5, 1934

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Article Text

As Receiver of The First National Bank of Eutaw, and, such as ceiver, as Trustee for the Reconstruction Finance Corporation, transferee, owner and holder of said mortgage hereinabove describ ed, and the note and debt thereby secured. J. D. McQueen Attorney for Mortgagee. construction Finance Corporation, transferee owner and holder of said mortgage hereinabove describ ed, and the note and debt thereby secured. D. McQueen Attorney for Mortgagee


Article from Greene County Democrat, July 5, 1934

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Article Text

NOTICE OF MORTGAGE FORECLOSURE SALE Under and by virtue of, and in pursuance of, the power of sale contained in that certain mortgage of date, October 19th, 1926, executed by W. Bell and Sallie Bell, his wife, to The First Bank of Eutaw, and which said mortgage is of record in the Probate Office of Greene County, Alabama, in Mortgage Record No. 132. page 298, undersigned, Cheairs, as Receiver of The First National Bank of Eutaw, and, such Receiver, as Trustee for the Reconstruction Finance Corporation, as the transferee,, ownand holder of said mortgage and the note and debt thereby secured will, on the 27th day of July, 1934 proceed sell, in front of the Court House door, at Eutaw, Ala bama, during the legal hours sale, at public outery, to the highest bidder, for cash, the following described real estate, which is sit uate the County of Greene, the State of Alabama, and described in and conveyed by, said aboved described mortgage, to-wit A certain lot parcel of land in the town of Boligee, Greene County, Alabama, described as fol lows, to-wit: Commencing at NW corner of lot now owned by B. McAlpine and formally owned by Johnston, Sr., and running along Milners Alley Westerly direction 178.56 feet, thence South along the one-half section line Section 31, Township Range feet, thenee an Easterly direction parallel with Milners Allen feet to point on B. Alpine's west line 70 feet from point of starting, containing 32 an acre. The above described lot bought by Johnston from Kee Delia F. Gould and Sarah W. Thornton 5th day of October, 1883, recorded Book of Deeds No. 3, pages 371372. Default having been made in the payment of the note and debt cured by the said mortgage, this foreclosure is had for the purpose of collecting the said note and debt together with reasonable attorney's fee for of said mortgage, and the other expenses incurred in and about the foreclosure of the same. Witness my hand this the 3rd day of July, 1934. Cheairs As receiver of The First NationBank of Eutaw, and as such Receiver, as Trustee for the Re- MRS. R. S. CARPENTER Our community wa saddened when on the afternoon of June 22. the death Angel came into the home of Mr. R. S. Carpenter and took away his loving wife, Mrs Theodocia Carpenter. Mrs. Carpenter was born at May field, Alabama, March 3, 1879, daughter of A. and Martha Pow. cll. She received her education the schools of Carrollton and Livingston, Alabama. She later taught school for five years in Pickens and Tuscaloosa Counties. On Octo. ber 15, 1905 she was united in marriage to R. S. Carpenter Lewiston, Alabama. To this union was born nine children, five girls and four boys. At the age of 16 years she united with the Union Free Will Baptist Church of Mayfield, Alabama where her membership remained until few years ago when she united with the Pt. Hill Presbyte rian Church to whose services sho was loyal until few months when declining health prevented her attendance. Truly it can be said of Mrs. Carpenter that she was loving and most patient wife and mother the husband and children in whose memories she will ever be treasured for her nobleness and courage trying to make the home place happiness and peace. She will missed most of all from the family circle where she devoted most of her time, but our community has also sustained loss in the passing of Mrs. Carpenter, for she was kind and considerate neighbor and always willing do her part in all things that were for the building up of the community. She was laid to rest in Pt. Hill Cemetery on the morning of June 24th, services being conducted by her pastor, Rev. Davidson. The act. tive callbearers were: C. Richardson, L. King, Billy Wilson, Thomas Eatman, Raymond Middle ton and Sebron King. The Honary pallbearers were: E. Corwin, C. Craft, R. G. V. Golson, Hamlin, B. Compton, H. Montgomery, W. Irvin A. Scales, Grubbs and W. Meriwether. Mrs. Carpenter is survived by her husband, five daughters, Mrs. L. Oates, York; Mrs. E. C. Carroll, Bessemer; Misses Mary Julia Lucy Mae and Erin, Lewiston; four sons, Emmett, Eutaw; Robert, Homer and James, Lewiston; also three brothers and two sisters besides host of other relatives and friends. To these our hearts go out in deepest sympathy, but we would point them to the whom we know has a purpose in all things and may this great Comforter help them to see that their loss is Heaven's gain.