18233. First National Bank (Wartrace, TN)

View Charter #9627 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9627
Charter Number
9627
Start Date
November 4, 1916
Location
Wartrace, Tennessee (35.527, -86.334)

Metadata

Model
gpt-5-mini
Short Digest
b98e3642ba9be74f

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1915-12-22
Date receivership terminated
1917-10-30
OCC cause of failure
Fraud
Share of assets assessed as good
31.4%
Share of assets assessed as doubtful
15.1%
Share of assets assessed as worthless
53.6%

Description

Multiple legal notices (Nov 1916) identify Robert D. Garrett as receiver of the First National Bank of Wartrace and advertise chancery sale of bank-owned property. No articles mention a depositor run or a temporary suspension; the bank is in receivership and assets are being sold, indicating permanent closure.

Events (3)
1. January 6, 1910 Chartered
Source
historical_nic
2. December 22, 1915 Receivership
Source
historical_nic
3. November 4, 1916 Receivership
Newspaper Excerpt
This the 4th day of November, 1916. ROBERT D. GARRETT, Receiver of First National Bank of Wartrace, Tennessee, and Commissioner of Chancery Court at Shelbyville, Tennessee . . . will offer for sale and sell to the highest bidder . . . on Monday the 27th Day of November, 1916 . . . under an order of the Chancery Court at Shelbyville, Tennessee, and as commissioner of said court I, Robert D. Garrett, will offer for sale... (chancery sale notice) . . . .);
Source
newspapers

Newspaper Articles (4)
1. November 10, 1916 The Camden Chronicle Camden, TN
Article from The Camden Chronicle, November 10, 1916

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Article Text

CHANCERY SALE OF HOUSE AND LOT IN CAMDEN, TENNESSEE. By virtue of the power vested in me as receiver of the First National Bank of Wartrace, Tennessee under an order of the Chancery Court at Shelbyville, Tennessee, and as commissioner of said court I, Robert D. Garrett, will offer for sale and sell to the highest bidder, at public outery, at the court house door in Camden, Benton County, Tennessee, on Monday the 27th Day of November, 1916, beginning at I o'clock p. m. the following described real estate: A certain lot or parcel of land situated in the town of Camden, fifth civil district of Benton County, Tennessee, and bounded as follows: Beginning at a stake, the northeast corner of lot No. 54 in the original plan of the town of Camden, Tennessee, said lot No. 54 being the lot formerly owned by William Bartlett, now owned by W. E. Wyatt, and runs north with east line of original forty acres upon which the town of Camden, Tennessee, was originally laid out, 81 poles to a stake; thence east to the old stage road; thence with said road in a southeast direction to M. G. Mc. Glohon's line near the junction of two large gullies to a stake; thence in a southwest direction with McGlohon's line to the northeast corner of Yarbrough lot, now Bowles lot; thence west with the north boundary line of the Yarbrough lot to the beginning. TERMS OF SALE. The property will be sold for cash, in bar of the equity of redemption, but subject to confirmation by the Chancery Court at Shelbyville, Tennessee. This the 4th day of November, 1916. ROBERT D. GARRETT, Receiver of First National Bank of Wartrace, Tennessee, and Commissioner of Chancery Court at Shelbyville, Tennessee.

2. November 17, 1916 The Camden Chronicle Camden, TN
Article from The Camden Chronicle, November 17, 1916

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Article Text

CHANCERY SALE OF HOUSE AND LOT IN CAMDEN, TENNESSEE. By virtue of the power vested in me as receiver of the First National Bank of Wartrace, Tennessee under an order of the Chancery Court at Shelbyville, Tennessee, and as commissioner of said court I, Robert D. Garrett, will offer for sale and sell to the highest bidder, at public outcry, at the court house door in Camden, Benton County, Tennessee, on Monday the 27th Day of November, 1916, beginning at I o'clock p. m. the following described real estate: A certain lot or parcel of land situated in the town of Camden, fifth civil district of Benton County, Tennessee, and bounded as follows: Beginning at a stake, the northeast corner of lot No. 54 in the original plan of the town of Camden, Tennessee, said lot No. 54 being the lot formerly owned by William Bartlett, now owned by W. E. Wyatt, and runs north with east line of original forty acres upon which the town of Camden, Tennessee, was originally laid out, 81 peles to a stake; thence east to the old stage road; thence with said road in a southeast direction to M. G. McGlohon's line near the junction of two large gullies to a stake; thence in a southwest direction with McGlohon's line to the northeast corner of Yarbrough lot, now Bowles lot; thence west with the north boundary line of the Yarbrough lot to the beginning. TERMS OF SALE. The property will be sold for cash, in bar of the equity of redemption, but subject to confirmation by the Chancery Court at Shelbyville, Tennessee. This the 4th day of November, 1916. ROBERT D. GARRETT, Receiver of First National Bank of Wartrace, Tennessee, and Commissioner of Chancery Court at Shelbyville, Tennessee.

3. November 17, 1916 The Camden Chronicle Camden, TN
Article from The Camden Chronicle, November 17, 1916

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Article Text

ROBERT D. GARRETT, Receiver of First National Bank of Wartrace, Tennessee, and Commissioner of Chancery Court at Shelbyville, Tennessee.

4. November 24, 1916 The Camden Chronicle Camden, TN
Article from The Camden Chronicle, November 24, 1916

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Article Text

CHANCERY SALE OF HOUSE AND LOT IN CAMDEN, TENNESSEE. By virtue of the power vested in me as receiver of the First National Bank of Wartrace, Tennessee under an order of the Chancery Court at Shelbyville, Tennessee, and as commissioner of said court I, Robert D. Garrett, will offer for sale and sell to the highest bidder, at public outory, at the court house door in Camden, Benton County, Tennessee, on Monday the 27th Day of Novem. ber, 1916, beginning at I o'clock p.m. the following described real estate: A certain-lot or parcel of land situated in the town of Camden, fifth civil district of Benton County, Tennessee, and bounded as follows: Beginning at a stake, the northeast corner of lot No. 54 in the original plan of the town of Camden, Tennessee, said lot No. 54 being the lot formerly owned by William Bartlett, now owned by W. E. Wyatt, and runs north with east line of original forty acres upon which the town of Camden, Tennessee, was originally laid out, 81 poles to a stake; thence east to the old stage road; thence with said road in a southeast direction to M. G. Mc. Glohon's line near the junction of two large gullies to a stake; thence in a southwest direction with McGlohon's line to the northeast corner of Yarbrough lot, now Bowles lot; thence west with the north boundary line of the Yarbrough lot to the beginning. TERMS OF SALE. The property will be sold for cash, in bar of the equity of redemption, but subject to confirmation by the Chancery Court at Shelbyville, Tennessee. This the 4th day of November, 1916. ROBERT D. GARRETT, Receiver of First. National Bank of Wartrace, Tennessee, and Commissioner of Chancery Court at Shelbyville, Tennessee.