National Bank - Washington, DC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3425
Charter Number: 3425
Start Date: January 13, 1935
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: 1805d051

Response Measures

None

Description

Article (Evening Star, 1935-01-13) discusses collections by a receiver/conservator, dividend payments to depositors/stockholders, and unresolved claims. There is no description of a depositor run; the bank appears to be under receivership/conservatorship and winding up, so this is classified as a suspension that led to closure/receivership (suspension_closure). OCR errors in the article have been preserved but do not change the core interpretation (references to receiver, conservator, and dividend payments).

Events (4)

1. December 28, 1885 Chartered

Source: historical_nic

2. January 13, 1935 Other

Newspaper Excerpt: payments to depositors ... dividends ... collections from loans and assets ... suits by stockholders over assessments
Source: newspapers

3. January 13, 1935 Receivership

Newspaper Excerpt: receiver ... receiver has paid ... collections ... total assets ... paid by receiver ... pending suit over assessment ... receiver book value uncollected assets remain
Source: newspapers

4. January 13, 1935 Suspension

Cause: Government Action
Cause Details: Bank placed under a receiver/conservator leading to suspension of normal operations and distribution of assets to creditors/depositors.
Newspaper Excerpt: receiver ... conservator ... dividends paid to depositors ... receiver has paid ... collections by the receiver
Source: newspapers

Newspaper Articles (1)

1. January 13, 1935 Evening Star Washington, DC

Article from Evening Star, January 13, 1935

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Article Text

PAYMENTS to Dividends Depositors to 50 80 From Range Per DUE FUNDS ADDITIONAL SAY LATER, OFFICIALS AsTotal Remaining Uncollected at Five Listed Million, Book Value. of of five Out total assets banks District Columbia colcash to the have been extent lections of of end 1934, to by Norreports the five R. man last made night. public institutions, to credipaid 50 as from tors, such range depositors, to 80 these per among total $4,804, banks, may Some 740.50. further dividends the be but reports available, quarterly to no these when be prediction available, diding be. which had assets additional make they National suspension Bank. of 400.13, $8,601 and after nor The District at date of US434,872.51 a stock was levied, Institution institut One assessment assets of assets of $10,036 this 672.70. cent has making counted for 50 per the conto be dividend of bank. on the repaid by th1.793.757.63 bank. and addipaying did tional been pay ying of the sufficient not get it the total from to unsecured payments to since claimants who to make creditors a are kholders making of court collection stock assessment no $1.011.053 the receiver stock listed as the Some fight to so that from pay such. other stockhold decourt recessment from fund some stockholders assets fight. are ments into a trust of the uncollected book value. Cash istroductions R. to Total termination at $5,121 total 833.12, $4,135,815.34 F.C. Corp. Finance rehad been 230.90 The which Savings cent The loaned amount $817. of $148.2 Bank had stock asincluding of of out paid in Potomac the 100 per totaling cash which $3,526,844 $140,000. total at listed from collected 50 $1,435,940.87 cent per Only dividend paid conservathrough bank. This by dividend. payments 50 the since, receiver total cent. has tor on including on the same A suit is over this of the stock right so the from not are this assessment, loaned per pending receiver in to Segregated collections The of which this Reconser been bank repaid. addihas paid Street to has Received Hamilt the in addition by the Savings tional Bank. 50 which per cent total paid to 80 per 75. the original ervator brings cash the of $839. in this conserva total of assessment is cent. or assets stock collected listed a cash assessments of includitotal stock segregated account. of of loan Out collections but also $623. R. F. has the from Total repaid $254,807. are at in this total of a the receiver book unlisted assets Illected of in Cash value hands is and $44,806.46 receiver 75 Per Paid. has Bank Savings cent dividends original The total Northeast of including tional per the 25 $792. per cent. paid to and an altogether of to $462 330 A has stock 50 per amounting by loan $272,330. has been but the on 943.33 been The curtai of share $100. 000 owners Total collections. Total assets coll.192.31. assess504.34. not levied egregated listed excluding at $1,901 Total stock remain- 586 30. The Savings cash ment, collected. is ellected $1,081 assets hand are is $43,353.30. Bank. has whose has cent, ing and unco the cash in amounting paid there total listed at been against no of 70 Total per assets collec are ections un$731,229.08. dividends and cash remaining $346,booked to $134.847.35 Total at $12,1 The 639.54. R. in F. the C. loan sum of $133,695. at collected $321, assets cash are in of hand $247,395 is has been