City National Bank - Brownwood, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4344
Charter Number: 4344
Start Date: *
Location: Brownwood, Texas (31.712, -98.976)

Metadata

Model: gpt-5-mini
Short Digest: 037f1e65

Response Measures

None

Receivership Details

Date receivership started: 1893-06-20
Date receivership terminated: 1894-12-05
OCC cause of failure: Excessive lending

Description

Article (Dec 19, 1895) refers to the City National Bank of Brownwood as 'now defunct' and discusses criminal charges against its cashier/president in connection with the suspension and alleged mismanagement/embezzlement. No run is mentioned; the bank had suspended and remained closed/permanently defunct.

Events (5)

1. June 17, 1890 Chartered

Source: historical_nic

2. June 20, 1893 Receivership

Source: historical_nic

3. December 5, 1894 Restored To Solvency

Source: historical_nic

4. March 16, 1897 Voluntary Liquidation

Source: historical_nic

5. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Alleged mismanagement and embezzlement by cashier/president S. J. Walling; criminal indictments related to false certifications and alleged embezzlement of about $70,000.
Newspaper Excerpt: S. J. Walling, formerly cashier, and later president of the now defunct City National bank of Brownwood, was finally released today from all charges against him in the Federal court in connection with the suspension of the bank and alleged mismanagement of its affairs.
Source: newspapers

Newspaper Articles (1)

1. December 19, 1895 Fort Worth Gazette Fort Worth, TX

Article from Fort Worth Gazette, December 19, 1895

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Article Text

# FINALLY RELEASED. S. J. Walling Will Not Be Tried On Charges Against Him. Waco, Tex., Dec. 18.-(Special.)-S. J. Walling, formerly cashier, and later president of the now defunct City National bank of Brownwood, was finally released today from all charges against him in the Federal court in connection with the suspension of the bank and alleged mismanagement of its affairs. More than a year ago he was tried and acquitted on an indictment charging him with embezzlement of the bank's funds to the extent of $70,000. An indictment remained against him for false certification of checks. Today upon motion of Hon, George Clark, Judge Swayne dismissed the indictment upon the ground that the offense charged was substantially disposed of upon the previous trial. Walling now resides at Macon, Ala.