Article Text
BANK RECEIVER FOUND DEAD federal bank exainer of Marion, Ohio, and receiver for First National Bank Groom, near found through heart verdict
18370. First National Bank (Groom, TX)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 11447
- Charter Number
- 11447
- Start Date
- April 9, 1926
- Location
- Groom, Texas (35.204, -101.107)
Metadata
- Model
- gpt-5-mini
- Short Digest
224246fb5ae8b207
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1924-10-06
- Date receivership terminated
- 1927-02-01
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 58.9%
- Share of assets assessed as doubtful
- 17.4%
- Share of assets assessed as worthless
- 23.7%
Description
Article (1926-04-09) reports the federal bank examiner who was receiver for First National Bank, Groom, was found dead. Presence of a receiver indicates the bank had been placed in receivership (i.e., closed). The short OCR excerpt provides no mention of a prior run or reopening, so classify as suspension leading to closure/receivership. Details and timing of the original suspension are not provided in the snippet.
Events (3)
1.
September 5, 1919
Chartered
- Source
- historical_nic
2.
October 6, 1924
Receivership
- Source
- historical_nic
3.
April 9, 1926
Receivership
- Newspaper Excerpt
- BANK RECEIVER FOUND DEAD ... and receiver for First National Bank Groom
- Source
- newspapers
Newspaper Articles (1)
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