Belton National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7509
Charter Number: 7509
Start Date: November 15, 1933
Location: Belton, Texas (31.056, -97.464)

Metadata

Model: gpt-5-mini
Short Digest: 611c90a5

Response Measures

None

Receivership Details

Depositor recovery rate: 73.7%
Date receivership started: 1933-11-13
Date receivership terminated: 1937-12-30
Share of assets assessed as good: 56.2%
Share of assets assessed as doubtful: 28.7%
Share of assets assessed as worthless: 15.1%

Description

Article (Waco Times-Herald, 1933-11-15) reports the Comptroller of the Currency appointed P. L. Downs Jr. as receiver to liquidate the Belton National Bank and that its assets were not purchased. There is no mention of a depositor run; the bank was placed in receivership (government action) and liquidated.

Events (4)

1. December 12, 1904 Chartered

Source: historical_nic

2. November 13, 1933 Receivership

Source: historical_nic

3. November 15, 1933 Receivership

Newspaper Excerpt: appointment of P. L. Downs Jr of Temple as receiver for the Belton National bank of this city, to liquidate the assets the Belton National bank were not purchased by the Farmers' National bank of Belton Downs was indorsed by United States Senators Tom Connally and Morris Sheppard.
Source: newspapers

4. November 15, 1933 Suspension

Cause: Government Action
Cause Details: Comptroller of the Currency appointed a receiver to liquidate the bank's assets; bank closed by regulatory action
Newspaper Excerpt: Wire advices Tuesday from T. O'Conner, comptroller of the currency at Washington, announcing the appointment of P. L. Downs Jr of Temple as receiver for the Belton National bank of this city, to liquidate the assets
Source: newspapers

Newspaper Articles (1)

1. November 15, 1933 The Waco Times-Herald Waco, TX

Article from The Waco Times-Herald, November 15, 1933

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Article Text

DOWNS CHOSEN BANK RECEIVER Wire From J. F. T. O'Conner, Comptroller of Currency, Confirms Belton Appointment BELTON, Nov. 15.-(Spl)-Wire advices Tuesday from T. O'Conner, comptroller of the currency at Washington, announcing the appointment of P. L. Downs Jr of Temple as receiver for the Belton National bank of this city, to liquidate the assets the Belton National bank were not purchased by the Farmers' National bank of Belton Downs was indorsed by United States Senators Tom Connally and Morris Sheppard. Downs recently returned from he served as representative the comptroller currency special examnational banks He has inations years' experience the banking business in Bell county and the local people and acquainted He has been business the public and very affairs of the county for number of Mr. Downs graduate of Texas and col. lege and is member of the board of directors of the college at this He assumed his duties Tuesday and office Farmers tional cashier Belton National bank has had charge the assets the bank as and his term expired the close of business Monday He will engage in another line of business TEMPLE OFFICE OPENED WEDNESDAY Tax Collector E. Warren open an office the Municipal building in Wednesday morning to collect taxes in Temple and the Temple territory without the necessity the coming the supply were taken Temple also so that registration of automobiles can on Dec. and continue the Temple office until it moved back Belton on Feb. An office for registering automobiles maintained another after the regular office is discontinued. Mr. Warren said. The office is being opened on Nov. allow time for the payment of half taxes before Nov. which the last day making the first half payment, where the payments are split. years and continue as deputy collector the automobile license Tax Collector Warren said that will the cated by Riley to Keifer Marshall, who has worked for him during the winter months for the past several years. Marshall will be charge the Temple beginand will remain Temple until when he will return to the Belton office. permanently. LANE SUIT IS RETURNED TO BELL COURTS Nov. The E. Lane vs. the Community Natural Gas company was ordered to Bell district court trial when called the United district court where sent several months petition filed move from county to the federal court giving notice to the attorney for the plaintiff The filed by discourt, asking for damages from the company account the death of his who was alleged have been killed when accumulated gas ignited and exploded in apartment when match was struck to light an oil The Lane's were using gas and had not had in their to the petition the Mr. Lane asked damages on the account of the death