20725. Union National Bank (Knoxville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10401
Charter Number
10401
Start Date
November 12, 1930
Location
Knoxville, Tennessee (35.961, -83.921)

Metadata

Model
gpt-5-mini
Short Digest
6f38082c

Response Measures

None

Description

Articles report the Union National Bank of Knoxville suspending business in November 1930 and later being taken into receivership; by 1933 it is described as failed with receiver actions and dividends. No explicit bank run is described in the sources; the cause appears to be bank-specific insolvency/asset problems discovered in examinations.

Events (6)

1. May 29, 1913 Chartered
Source
historical_nic
2. March 31, 1928 Voluntary Liquidation
Source
historical_nic
3. November 12, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors announced suspension of business after concerns about the bank's condition; contemporaneous reports list it among closed banks and state deposit investigations uncovered missing securities and irregularities in related Tennessee banks/assets (indicating solvency problems).
Newspaper Excerpt
the board ... last night announced that the ... bank suspended his business with the board of directors ... suspension of business
Source
newspapers
4. August 26, 1931 Other
Newspaper Excerpt
Receiver Pearson for the bank ... claims payment of loans and the ... been sued by the state for bonds guaranteeing state deposits. ... Union National bank ... Receiver Pearson for the bank, claims payment of loans and the Leonard Harrell vs. Della Harrell ... Examiner/referee activity reported in Aug 1931 in Knoxville press relating to indebtedness to Union National Bank (bank in difficulty).
Source
newspapers
5. October 29, 1931 Receivership
Newspaper Excerpt
RECEIVER TAKES OVER BANK AT KNOXVILLE ... Union National Bank ... receiver takes over bank at Knoxville (article headline). This indicates formal taking over by a receiver reported Oct 29, 1931 in press coverage.)
Source
newspapers
6. April 11, 1933 Other
Newspaper Excerpt
State Gets Dividend on Holston-Union Deposit ... The Treasury has paid the regular 40 per cent dividend on the failed Union National Bank ... the receiver has returned to the vaults $374,000 in bonds collateral ... the State had sued for 100 per cent dividend on deposits in the failed Union National Bank.
Source
newspapers

Newspaper Articles (6)

Article from Johnson City Chronicle, November 13, 1930

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Article Text

Germany Doomed Annihilation In BERLIN, great war in 1932, result- Bank's Close the of Germany, predicted by General Erich dendorff pamphlet published National 93-page pamphlet, the oneBank, One of State's time World military giant, presses belief that the beginBiggest Depositories ning May 1932, find Austria, Hungary, England Closes Doors Soviet opposed France, And Caldwell He visualizes Germany the cities razed by air attacks, her population left their fate the nation's youth perishing Directors of Institution the believes the war will Express Belief That but few weeks, he Imagines Bank is Solvent Berlin grip the enemy forces, fugitives back into KNOXVILLE, Tenn., Nov. confines die field repre He sees culture sentative of the death and the Currency, arrived today take the thirty charge the closed Union years' was surNational Bank Vorwaerts, in commenting the Mr. said he had no idea pamphlet, that Adolf Hitler long take to determine the putsch the status of the bank which sus1923, business order pended his with the board directors Tuesday night. organizing The came from Macon, Ga., his headquarters. The Socialist organ thinks LuDirectors of the bank in dendorff's must ment last night announced that the Fascists the had become "necessary for the board next such direct suspension of business he predicts. order that the Interests deposi-


Article from The Philadelphia Inquirer, November 16, 1930

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Article Text

$3,840,000 Held Missing in Failure of Bank NASHVILLE, Tenn., Nov. 15 (A. -Attorney General L. D. Smith said today that none approximately $3,840,000 in securities deposited the Bank of Tennessee September the demand of the Superintendent Banks found among the bank's assets when went into receivership November Cash hand September 25 in excess of $1,000,000 was shown in an examination after the bank had closed to been "all the statement said. The General also announced that State funds $5,700,000 were on the Bank of Tennessee and the Liberty Bank and Trust Company, both of the Houston Union National Bank Knoxville, all closed.


Article from The Huntsville Times, January 11, 1931

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Article Text

Thorough Sift of Financial Situation Provided By Act of Leislature NASHVILLE, Tenn., Jan. stock its state thorough sift the financial resulting banks had public funds deposit. General Smith three deposits Bank subsidiary Caldwell and Company, Nashville receivership: the HolsUnion National Bank Knoxand the Liberty Bank Trust company at NashWithin the first week of its sixty seventh the general assembly unanimously passed joint resolution calling "thorough complete" invetigation every partment of the state government. House approval four technical tacked the resoluby the pave the way for of the inquiry of five with power the compel the and the duction records. Two bills putting "teeth" legislative also have been directly transactions of any of officials." Governor Henry H. Horton delivperson message which he told the that its first duty was thorough, honest and searching investigation," the fairs of all state offices including "Every man guilty of betrayal of his trust, exalted his should exposed, condemned removed from and violated laws should courts the old executive told the "If," he added, "the facts show any official been accused, you should state the facts regardless any possible dislike you have for the investigation he told the legislators "you should have friend to reward, nor enemy punish." As respective houses select the personnel the considerable importance, was attached the election of presiding officers. Representative Walker Haynes Winchester, nominated for speaker the first ballot, but the senate caucus required two days and eleven Titzhugh Memphis for speakership. Edward H. Crump, political leader came the capital back candidacy. On the final ballot the the adminwhich had voting for threw their entire support to Fitzhugh. the strength the vote for Broadbent, dependent. have made Broadspeaker. Both Fitzhugh and Haynes pledged themselves impartial investigation. Among matters facing the legislature problem meeting unfavorable balance tween and The department of finance and taxation estimated today receipts for the biennium beginning next July der present revenue will Expenditures period estimated $33,228,500, leaving difference approximateAnticipated expenditures general accounts, propriations, at more than $28,000,000.


Article from The Knoxville Journal, August 26, 1931

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Article Text

Domestic Relations Docket Ninety-two cases are set on the domestic relations court docket. beginning on Tuesday September and extending through October 13, The docket, as announced by Mrs. Lennie G. Davis, deputy clerk, follows: Elsie B. Stephens vs. Herbert D. Carrie Mae Vandergriff vs. Troy Joe Shaw vs. Lula Shaw Mary E. C. Marshall vs. Walter C. Marshall June Johnson Buchannon VS. Leslie Hattie Fain vs. William Fain Beatrice Eubanks V8. Thomas Eubanks. Charles H. Keys VS. Margaret Keys. Robert King Blanche King Archie Lee Pultz vs. Gladys Pultz. Josephine Conway VS. Walter Conway. Solie Viles vs. Rose Viles Addie vs. Clay Simmons Esther G. Shultz vs. Luther E. SEPTEMBER 3 Helen Watson VS. Albert Watson Willie Cagle VS. Nancy Cagle Eliza Jane Fugate V8. Hiram Fugate Elsie Viles vs.,K Curtis Viles Dora Livingston vs. Theodore LivLucy Ragan Joseph Ragan Luther F. Gheen VS. Mattie Gheen Irene King Doyle VS. Thomas E Louise Johnson vs. Lloyd D. JohnHattle O'Dell Feathers VS. Porter M Feathers Margaret Vinson Crosby VS. Sherman Reva Chesney Rush VS. R T Rush SEPTEMBER 8 Delsie Carver vs. Carl Carver. Charley Kirk vs. Lucile Kirk Brown Chloe Hill Spears vs. Ernest Spears. Ruby Bullock vs. Leonard Bullock Eva T. Norwood vs. John A. Nor- Hannifin. wood. SEPTEMBER 17 Lucinda Meadows vs. Walter E Meadows Schultz Anderson VS. Eunice Anderson Estelle Carmack vs. James E. Carmack Stout, et al. Belva Ammons Watson VS. Paul B. SEPTEMBER 22 Watson Oille Hale Moles. vs. Elisha Moles. Louise L. Chandler vs. C. D. Chandler. Ruth V. White vs. James White SEPTEMBER 24 Flora Jane Hall vs. Floyd Hall Myrtle Branch Dickerson vs. Robert loway Emmitt et al. Cella Mabel Epperson vs. Liston T Epperson SEPTEMBER 10 Kilburn James Ira Thomason vs. Ada ThomSEPTEMBER 29 ason. Nellie Hill Moore VS. W A. Moore Maggie Rutherford vs C. R. Ruther ford Annis Smith vs. Albert Smith Joseph G. Gray Dorothy Gray Hunter Pres Adams vs Ruby Hardwick OCTOBER 1 Adams Grace Rose VS John Rose Campbell M Ogg vs. Pearl Ogg. Leola Richards Brabham VB. Malcolm Herbert Brabham Sarah H. Ballard VS Horace H E. Carpenter Ballard. Myrtle Marie Wells vs. Albert Har- OCTOBER 6 vey Wells Joseph William Kanipe vs Mary Bonham Elizabeth Kanipe Edward McAnally VB. Mary McAnally OCTOBER 8 Hobart Lovin VS Monie Lovin Frank VS. Leslie Lewis SEPTEMBER 15 Biddle Tucker vs. John Tucker OCTOBER 13 Verna Maples vs. Mary Maples Aulma Saultz Gibbins VB. Gerald Page 3 THE KNOXVILLE JOURNAL, KNOXVILLE, TENN., WEDNESDAY, AUGUST 26, 1931. Warren Gibbins $50 AND BOUND Jennie Mae Kyle VS. Clifford Fain Eunice Cross vs. J. Marion Cross Judge's Ruling In Auto-Street Ida Underwood V6. Clyde Underwood. Car Crash Case. Louise Thomas vs. Joe Thomas. Ella Mangrum VS. John Mangrum. Bertha Lee Brown vs. Walter Gibson Robert Bradley, negro, who Other pads smashed an automobile into a Foun Bernard J. Hannifin vs. Lillian Rule tain City street car August 14 and was himself knocked unconscious, may look like Marjorie Schultz vs. Ellsworth received a sentence of "$50 and bound' in city court yesterday. He Lula Cosmah VS Lee Cosmah et Bessie Stout VS. William H. G. was charged with drunken driving, Kotex reckless driving, and possessing whiskey. Catherine Lewis VS Robert L. Lewis Operator T. C. Dozier of the but how are they made Robert Gredig vs. Cora Gredig Annle Graves VS. Jerry Graves. street car testified the automobile where? by whom? You driven by the negro came straight have a right to know. Charles Calloway vs. Frances Caldown Broadway, swerved. and crashed into the trolley. Genevieve Mullins Flanigan VS. William R Flanigan Although admitting he had a pint Josephine Kilburn VS. Hezakia of liquor in the car, Bradley declared he had not taken a drink He claimed there was another car HEN a substitute claims to in front of his, a statement contra Adron Humphries VS. Edna Faddie dicted by Dozier Bradley lives at be "just like Kotex,' ask Ethel Jessee vs John D Jessee No. 1321 1-2 Sutherland avenue where it is made. How. By whom. Ocey L. Hunter vs. Benjamin F You will find the claim "like Bankruptcy Hearing Kotex" usually means the pad Lucy McCampbell vs. W. H Mc- Slated For Dr. Nash ard Hospitals used over ten m merely looks like Kotex. That's lion pads last year. It is made wi Madge Sweggerty vs. Melvin Swag- Dr. W. S. Nash will be examnot enough, when health is inined at a special hearing by hospital care and cleanliness. gerty Spencer Carpenter vs. Frances Bankruptcy Referee Thornburgh volved, as it is in your choice of Kotex stays soft for hour at today in connection sanitary protection. Demand the with his indebtedness to Holston- Shaped to fit. Adjustable. May Adele Bicknell Bonham VS. L. O. W Union National bank. bygiene of Kotex. The absolute worn on either side with safe Receiver Pearson for the bank, purity of Kotex. Sallie Farley V6. Bill Farley Disposable, of course. claims payment of loans and the Leonard Harrell vs. Della Harrell. There's one way to be sure. Get 100 per cent. assessment on Dr Nash's bank stock He also has genuine Kotex accept no subKoTex Elbert S. Johnson VS Vena Johnson been sued by the state for bonds stitute of whose makers you know Cleo Wester VS. Earnest Wester guaranteeing state deposits. nothing stand. Sanitary Napkins Broome Stella Broome VS. Edgar Harvey Carolyn Bible VS. Leonard A. Bible


Article from The Dodge Criterion, October 29, 1931

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Article Text

RECEIVER TAKES OVER BANK AT KNOXVILLE London the Indian round table ference resulted repercussions riot The Knoxville Nov. 12 local Herbert field the comptroller observed in Bombay and Union National Bank as Calcutta corporation adopted resolution recording said he had no "emphatic the conference having the status bank which business order the board of Tuesday tive Five Ga. from out the bank was council vote on the forced made within the past Poona where Mahatma Gandhi long hours Basil president wheel, regarded the dif- was his belief the solvent ferent when Edward chairman riot here ocession through the said today had nothing stage regarding his reformed ranks and surged through the ATLANTA TO Esplanada before they again were back. NAME COMMISSION


Article from Nashville Banner, April 11, 1933

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Article Text

State Gets Dividend on Holston-Union Deposit Knoxville April (Special)- The Treasury has paid the regular 40 per dividend on in the failed Union National Bank, while the receiver has back in the vaults $374,000 in bonds collateral, result of agree. reached the State Carpenter bank receiver. The State had sued for 100 per dividend deposits, receiver answered by suing the State for the bonds four days the bank that illegal was shown in permitting the withdrawal.