14411. Carlsbad National Bank (Carlsbad, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
12569
Charter Number
12569
Start Date
April 13, 1928
Location
Carlsbad, New Mexico (32.421, -104.229)

Metadata

Model
gpt-5-mini
Short Digest
c01a61e3

Response Measures

None

Description

Newspaper items (Apr 13 and Apr 17, 1928) state that a receiver was in charge of the Carlsbad National and that a new national bank receiver succeeded him. This indicates the bank failed and was placed in receivership. No runs or reopening are mentioned. OCR corrections: 'Carisbad' -> Carlsbad; dates taken from publication metadata.

Events (3)

1. August 7, 1924 Chartered
Source
historical_nic
2. April 13, 1928 Suspension
Cause
Government Action
Cause Details
Bank was declared failed and placed under a national bank receiver (receiver in charge of affairs).
Newspaper Excerpt
receiver of several failed national banks New Mexico including the First National and Carisbad Na tional this city
Source
newspapers
3. April 17, 1928 Receivership
Newspaper Excerpt
McKinney, for some time receiver of several defunct banks in New Mex. leo, including the First National and Carlsbad National; ... was last week succeeded by A. F. Rawlings, a national bank receiver Mr. McKinney was receiver for five national banks ... two at Carlsbad ... the First National at Fort Summer. The new receiver will have offices at both Carlsbad and Las Vegas. (Santa Fe New Mexican, 1928-04-17).
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.