Article Text
FREUDENSTEIN APPOINTED B. M. Freudenstein of Brownsville, receiver for The Merchants National bank, has been appointed receiver for the First National bank of Lareno. The Laredo bank closed several years ago.
18414. First National Bank (Laredo, TX)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 2486
- Charter Number
- 2486
- Start Date
- February 15, 1935
- Location
- Laredo, Texas (27.506, -99.508)
Metadata
- Model
- gpt-5-mini
- Short Digest
f2e4d0bbb79d4f67
Response Measures
None
Receivership Details
- Depositor recovery rate
- 84.3%
- Date receivership started
- 1931-11-30
- Date receivership terminated
- 1935-05-22
Description
Article states the First National Bank of Laredo closed several years ago and that a receiver (B. M. Freudenstein) has been appointed as of the newspaper date (1935-02-15). No run is mentioned and no reason for the earlier closure is given in the excerpt.
Events (4)
1.
July 1, 1880
Chartered
- Source
- historical_nic
2.
November 30, 1931
Receivership
- Source
- historical_nic
3.
February 15, 1935
Receivership
- Newspaper Excerpt
- Freudenstein ... has been appointed receiver for the First National bank of Lareno. The Laredo bank closed several years ago.
- Source
- newspapers
4.
*
Suspension
- Cause Details
- Bank closed several years ago per article; no cause or contemporaneous run reported.
- Newspaper Excerpt
- The Laredo bank closed several years ago.
- Source
- newspapers
Newspaper Articles (1)
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