Vernon National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4065
Charter Number: 4065
Start Date: September 14, 1894
Location: Vernon, Texas (34.155, -99.265)

Metadata

Model: gpt-5-mini
Short Digest: 35d2c27194d7a737

Response Measures

None

Description

Article (Washington, Sept. 14, 1894) states the national bank at Vernon recently went to pieces and that a receiver has not yet been appointed but will be by the Comptroller. No run is mentioned; the bank appears to have failed and a receiver is expected.

Events (4)

1. July 2, 1889 Chartered

Source: historical_nic

2. August 17, 1889 Voluntary Liquidation

Source: historical_nic

3. September 14, 1894 Suspension

Cause: Government Action
Cause Details: Bank failed and Comptroller of the Currency expected to appoint a receiver; closure appears to be by regulatory action following failure.
Newspaper Excerpt: there has been no receiver appointed for the national bank at Vernon, which recently went to pieces.
Source: newspapers

4. * Receivership

Newspaper Excerpt: He will make the appointment soon after his return. (no receiver appointed yet for the national bank at Vernon.)
Source: newspapers

Newspaper Articles (1)

1. September 22, 1894 The Progress Shreveport, LA

Article from The Progress, September 22, 1894

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Article Text

Federal Matters in Texas. WASHINGTON, Sept. 14.-At the war department the statement is made that the government itself will do the dredging at Galveston with its own dredge boat. The officials say it is not yet concluded whether a boat will be built, bought, or transferred from some other point, as that course will be pursued which will be the cheapest and most effective. Comptroller of Currency Eckels is away from the city and there has been no receiver appointed Tor the national bank at Vernon, which recently went to pieces. He will make the appointment soon after his return.