First National Bank - Huntsville, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10192
Charter Number: 10192
Start Date: June 15, 1933
Location: Huntsville, Tennessee (36.411, -84.495)

Metadata

Model: gpt-5-mini
Short Digest: 0c78a0dd

Response Measures

None

Receivership Details

Depositor recovery rate: 58.7%
Date receivership started: 1933-02-09
Date receivership terminated: 1935-05-28
Share of assets assessed as good: 32.7%
Share of assets assessed as doubtful: 52.1%
Share of assets assessed as worthless: 15.1%

Description

Article (June 15, 1933) refers to the 'closed First National Bank of Huntsville' and names B. L. Newman as receiver who has filed suits. No run or prior withdrawals are mentioned in the provided text, only that the bank is closed and in receivership. Cause for suspension/closure is not specified in the article.

Events (4)

1. May 9, 1912 Chartered

Source: historical_nic

2. February 9, 1933 Receivership

Source: historical_nic

3. June 15, 1933 Receivership

Newspaper Excerpt: B. L. Newman, receiver for the closed First National Bank of Huntsville, has filed suit in Federal Court here against ... stockholders of the bank.
Source: newspapers

4. June 15, 1933 Suspension

Cause Details: Article states bank is closed and a receiver appointed; no cause for suspension/closure is given.
Newspaper Excerpt: B. L. Newman, receiver for the closed First National Bank of Huntsville, has filed suit ...
Source: newspapers

Newspaper Articles (1)

1. June 15, 1933 The Knoxville News-Sentinel Knoxville, TN

Article from The Knoxville News-Sentinel, June 15, 1933

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Article Text

BANK RECEIVER SUES Asks Payment of Assessments by Huntsville Men. B. L. Newman, receiver for the closed First National Bank of Huntsville, has filed suit in Fed- MUM eral Court here against D. B. Walker and George McHatfield of Scott County, stockholders of the bank. for payment of their assessments Both Mr. Walker and Mr. McHatfield are alleged to have owned five $100 shares each in the bank. 50c Size In addition Receiver Newman has filed suit against Mr. Walker to collection of two notes, one for PHILLIPS' $400 and one for $334.90.