First National Bank - Millsap, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12687
Charter Number: 12687
Start Date: January 13, 1932
Location: Millsap, Texas (32.748, -98.009)

Metadata

Model: gpt-5-mini
Short Digest: 8e0959532ffe7e4d

Response Measures

None

Description

OCR is poor. The article (Austin American-Statesman, 1932-01-13) reports the First National Bank of Millsap 'wants to quit business' (directors said) — indicating an intended cessation/voluntary winding up rather than a depositor run. It also notes deposits actually increased by about $2,000. No explicit run or reopening is mentioned. Classified as a suspension/closure due to voluntary liquidation.

Events (3)

1. April 21, 1925 Chartered

Source: historical_nic

2. January 13, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors stated the bank 'wants to quit business' — indicating an intended voluntary cessation of operations rather than failure due to withdrawals or external shock.
Newspaper Excerpt: First National bank of Millsap wants to quit business
Source: newspapers

3. May 10, 1932 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. January 13, 1932 Austin American-Statesman Austin, TX

Article from Austin American-Statesman, January 13, 1932

Click image to open full size in new tab

Article Text

Deposit Hike Reply to Bank Trying to Close MILLSAP Parker County, Tex. First National bank of Millsap wants to quit business but its deposit. evidently not in symDirectors said Saturday the would be days ecause of the the operating officer. were asked to and get their president, said the close there been but and the deposits were $2000 larger than those of Saturday