Burnet National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6966
Charter Number: 6966
Start Date: December 22, 1933
Location: Burnet, Texas (30.758, -98.228)

Metadata

Model: gpt-5-mini
Short Digest: 6a79f88a

Response Measures

None

Receivership Details

Depositor recovery rate: 93.4%
Date receivership started: 1932-02-18
Date receivership terminated: 1935-10-11
Share of assets assessed as good: 52.2%
Share of assets assessed as doubtful: 30.2%
Share of assets assessed as worthless: 17.6%

Description

Articles (Dec 22–23, 1933) report the receiver of Burnet National Bank notifying depositors of an additional 15% dividend, raising total dividends to about 60%. This indicates the bank was in receivership and liquidating; no run is described. Classified as a suspension leading to permanent closure/receivership.

Events (3)

1. September 25, 1903 Chartered

Source: historical_nic

2. February 18, 1932 Receivership

Source: historical_nic

3. December 22, 1933 Receivership

Newspaper Excerpt: Best, receiver of Burnet National Bank, this week notified depositors additional 15 per cent dividend which makes total 60 per cent that has been declared.
Source: newspapers

Newspaper Articles (3)

1. December 22, 1933 Fort Worth Star-Telegram Fort Worth, TX

Article from Fort Worth Star-Telegram, December 22, 1933

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Article Text

TWO BANK RECEIVERS ANNOUNCE DIVIDENDS Dec. Thrall Holding Company. which is liquidating the Farmers State Bank of Thrall. made another payment this week of 30 per cent, which per paid. Stiles, W. Cain, Arnold Krieg and Krieg were committee to look after the failed bank. BURNET. Dec. A. Best, the Burnet National Bank, this week notified depositors additional 15 per dividend which total 60 per cent that has been declared.

2. December 22, 1933 Fort Worth Star-Telegram Fort Worth, TX

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Article Text

TWO BANK RECEIVERS ANNOUNCE DIVIDENDS THRALL, Dec. Holding Company, which is the Farmers State Bank made another payment this week 30 cent, which makes 50 per E. Stiles, Cain. Arnold Krieg and committee to the failed bank. BURNET: Dec. of the Burnet National this week depositors additional 15 per makes total of per cent that been declared.

3. December 23, 1933 Fort Worth Star-Telegram Fort Worth, TX

Article from Fort Worth Star-Telegram, December 23, 1933

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Article Text

TWO BANK RECEIVERS ANNOUNCE DIVIDENDS Dec. Thrall is the State Bank Thrall. made another this week 30 per 50 per Fuchs, Cain, Arnold Krieg Krieg committee to look after the failed bank. BURNET. Dec. Best, receiver of Burnet National Bank, this week notified depositors additional 15 cent dividend which per total per cent that has makes been declared.