First National Bank - Haleyville, AL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11613
Charter Number: 11613
Start Date: December 1, 1926*
Location: Haleyville, Alabama (34.226, -87.621)

Metadata

Model: gpt-5-mini
Short Digest: e6199c63

Response Measures

None

Receivership Details

Depositor recovery rate: 44.4%
Date receivership started: 1926-12-17
Date receivership terminated: 1935-08-30
OCC cause of failure: Governance
Share of assets assessed as good: 30.4%
Share of assets assessed as doubtful: 60.9%
Share of assets assessed as worthless: 8.7%

Description

Newspaper excerpts report a receiver being appointed/taking charge of the First National Bank at Haleyville (Dec 1926 notice of receiver appointed; June 1927 notice of a receiver arriving). No article mentions a depositor run or a reopening; the appointment of a receiver indicates failure/closure. Cause not specified in the articles, so marked as 'bank_specific_adverse_info' as the most likely explanation for appointment of a receiver (insolvency).

Events (5)

1. February 20, 1920 Chartered

Source: historical_nic

2. December 1, 1926* Receivership

Newspaper Excerpt: has been appointed receiver of the First National Bank at Haleyville Cranford took charge of the bank (Dec 1926 notice). Also later: National Bank Receiver, A. E. Fox arrived last Thursday to take charge of the First National Bank. (1927-06-02). (Second article indicates continued receivership into 1927).
Source: newspapers

3. December 1, 1926* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Receiver appointed and took charge in December 1926; article does not state specific scandal or cause, implies failure/insolvency.
Newspaper Excerpt: NAMED BANK RECEIVER JASPER. Dec. H Cranford. former of Jasper has been appointed receiver of the First National Bank at Haleyville Cranford took charge of the bank
Source: newspapers

4. December 17, 1926 Receivership

Source: historical_nic

5. June 2, 1927 Receivership

Newspaper Excerpt: National Bank Receiver, A. E. Fox arrived last Thursday to take charge of the First National Bank. As soon as he gets a house he will move his family here from Mississippi.
Source: newspapers

Newspaper Articles (2)

1. December 28, 1926 The Birmingham News Birmingham, AL

Article from The Birmingham News, December 28, 1926

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Article Text

Birmingham News Carriers Receive Another Visit From Santa Claus Better Service To Subscribers Stressed In Talks To Youths And Men Who Deliver Papers In Meeting At Temple BY FRANK WILLIS BARNETT Santa Claus is time as he made his ap Tuesday at Loew's Temple Theater, but the of The News in Greater Birmingham on hand to The writer was at the banquet at the Tutwiler Saturday given big Wofford to of the Magic City, and he acting as toastmaster (or rather but the which filled the lower part of the much bigger some 400 on hand chaperoned by the fifty the new for the route The failed to dampen the spirits of the be the guests cooperation the Superwhich H. and W. secretary treasurer Loew's Temple opened the show with Comedy got the in the main gel starring the kind picture the ing laughter Nagel all through it was doing his best comedy stuff talk to as the stressing the that "The South was put in their hands was up to them to get promptly and properly deliv ered on the He was followed by the the that at the the Monday night Mr. Hanson had empha sized the success of The depended on the service of the humblest of The News The High School band the the the and made fine appearance the uniforms which give them most soldierlike ance. they had the ight for the boys and played they sang lustily leader of the band has well. It is distinct E. M. Emerling the new manager of on hand add the his party office and facing stage, and day made get Evidently he thought the boys were not making enough came quickbearing boxes with were out Now is it looks like baby sax aphone jewsharp and a and the music which out of disjazz ern happy idea. He the band play Amerassisted some hundred The combination have the Germans He told the and and at date he them again to give an exhibi- When the picture the boys filed out and gifts from The and delighted At the door Southern Dairies Inc. sent them away with good taste in their mouth as Eskimo and were handed out On pour staff made a It happy even the parrot was on the job and had Christmas in his bones for the he connot. but the and sang the Mr W. the city circulation Mr. the of the Home Sufact every who helped with the way the party HENRY COUNTY INSPECTOR W. Kennedy was appointed by State Tax Commis Tuesday for County W E. PorBrandon as follows: Williams, coroner for Cherokee County. to H. H. Scroggins resigned and G. Thomps coroner for Macon NAMED BANK RECEIVER JASPER. Dec. H Cranford. former of Jasper has been appointed receiver of the First National Bank at Haleyville Cranford took charge of the bank

2. June 2, 1927 The Advertiser-Journal Haleyville, AL

Article from The Advertiser-Journal, June 2, 1927

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Article Text

LOCAL AND PERSONAL Mrs. J. D. Brown visited in Birmingham last week. Mrs. A. J. Elliott spent the weekend with her mother Mrs. Donaldson. John Conway of Hackleburg was a visitor in Haleyville on Monday. Mr. Homer Donaldson has been transferred to Desatur. He will move his family there in the near future. Florene Ogletree returned home on Sunday from an extended visit with her sister at Wetumpka, Ala. IS. V. Phillips and family and Mrs. J. H. McCollum spent Sunday with relatives here. Miss Erma Webb will return home today from college, She has been spending a few days with her atunt and uncle of Florence Alabama. Mr. Robert L. Counts of Birming ham was in town Monday enroute to Sheffield where he will do some work for the Alabama Power Company He spent the night with Mr. J. G. Roberson. Mr. and Mrs. Finley and Sarah Alice motored to Birmingham Friday. We notice Auther Dillard Jr., home ffrom scheool. Arthur Dillard Jr., returned home from college the first of the week. Mr. and Mrs. James D. Tingle motored to Florence and Cherokee last week. Mrs. H. R. Snow and children will leave on Monday for a visit to her mother's at Birmingham. Mrs. S. L. Vann returned on Sunday for Coal City, Ala. where she has been making a two weeks visit with her father. After a week's visit to her husband in Anniston, Mrs. 0. Pope has returned to resume her work in the summer school. National Bank Receiver, A. E. Fox arrived last Thursday to take charge of the First National Bank. As soon as he gets a house he will move his family here from Mississippi. Mr. Clyde McConnell went to Birmingham Monday. Mrs. K. B. MeConnell has gone Birmingham to continue her medical treatment. Mrs. Stubblefield of Jasper is spending several days with her father Mr. E. Blanton this weeks Misses Net Walton and Francis Howell.spent the week end with home Miss Jane Lakeman left on Tuesday for a two weeks vacation at the home of W. P. Lakeman at Clanton. Miss Mabel Doyal is leaving on Saturday for Womans College where she will take a special course in Literature this summer. Miss Veritie Davis left on Wednesday for Columbus Ohio where she will make a months visit with her brother. Mrs. J. G. Roberson who has been confined to her room for several weeks is improving and is expected to be able to be out by the end of this week. Mrs. Grace Jackson left for Mont gomery on Tuesday where she will spend the rest of her vacation with her sister, Mrs. Ethel Holiway. Her mother Mrs. W.L. Hughes accopanied her. Miss Dasie Giles from Heflin, Ark., is visiting her unele and aunt Mr. and Mrs. J. O. Jacobs of Dóuble Springs and is liking Winston County fine She will return home about July the first. Miss Martha Gene Ruland and her brother 'John, left on Monday to spend the Summer at Flat Rock with Rev. L G. Alverson. She may at tend school there next year. Mrs. Rutland will go to Florence next week to attend the Summer School. Mr. Green, a eitizen of Birming ham is spending a few days in Haley ville. His father and grandfather were old settlers of this territory and opened up and ran the conches on the old Byler road. He said he was him self born at Old Kinlock in Lawrencecounty. He said it was A mistake to spell the Byler road ns if it was "Boiler" road. He talked very in trestingly about the old stage coaching days and the roads which were often built through goverment grants of land. Rev. V. C. Kineaid spent a few days in Haleyville this week. He and N. P. Robinson spent a might at The Hunters & Fishers Club house in which he still takes great interest. J. O. Lemay and family of Belgreen have moved to Double Springs. Mr. Lemay also moved his stock of merchandise and will operate in the storehouse adjoining the postoffice. Miss Renetta Walton and Miss Francis Howell spent the first of the the work with home folks. They returned on Wednesday for the commencement exercises at BirminghamSouthern after which they will be home for the summer. Mrs. L. L. Still had as her dinner guests on Tuesday, Mrs. Fisher and on, Jack and Mr. Bradford and daughter, Mamie of Cullman, and Alma and Russel Still of Haleyville, who were graduates of the class of '27 at Haleyville High also Mrs. Still's little daughter Edith had Several of her small friends in honor of her ninth birthday.