Home National Bank - Cleburne, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10411
Charter Number: 10411
Start Date: December 19, 1925
Location: Cleburne, Texas (32.348, -97.387)

Metadata

Model: gpt-5-mini
Short Digest: 7368a547

Response Measures

None

Receivership Details

Depositor recovery rate: 59.8%
Date receivership started: 1925-12-28
Date receivership terminated: 1931-06-10
OCC cause of failure: Governance
Share of assets assessed as good: 27.5%
Share of assets assessed as doubtful: 40.7%
Share of assets assessed as worthless: 31.8%

Description

Article (Dec 20, 1925) reports the First National Bank of Rifle 'closed yesterday' and that the action was taken at the initiative of the directors. No run is described; closure appears to be a directors' initiated suspension/closure (voluntary).

Events (3)

1. June 24, 1913 Chartered

Source: historical_nic

2. December 19, 1925 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors ordered the bank closed; action taken at the initiative of the board (no run or external government action mentioned).
Newspaper Excerpt: The First National Bank of Rifle, with capital of $25,000 and resources $200,000, closed yesterday, L. K. Roberts, national bank examiner, announced today. The action was taken at the initiative of the directors.
Source: newspapers

3. December 28, 1925 Receivership

Source: historical_nic

Newspaper Articles (1)

1. December 20, 1925 The Baltimore Sun Baltimore, MD

Article from The Baltimore Sun, December 20, 1925

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Article Text

Closing Of Sixth Bank Announced In Colorado First National, or Rifle, Latest In Chain To Suspend In Three Days. Denver, Col., Dec. 19 (AP).-The First National Bank of Rifle, with capital of $25,000 and resources $200,000, closed yesterday, L. K. Roberts, national bank examiner, announced today. The action was taken at the initiative of the directors. This is the sixth bank closed in Colorado in three days. Texas Bank Closed. Cleburne, Texas, Dec. 19 (A).-The Home National Bank of Cleburne remained closed today when the hour for the opening came. The institution was placed in the hands of national bank examiners by the board of directors. Iowa House Closes After Run. Mason City, Iowa, Dec. 19 (A).-The Security National Bank failed to open this morning. The closing was ordered by the directors after a run which depleted cash on deposit. Victoria (B. C.) Records Quake. Victoria, B. C., Dec. (P).Gonzales Observatory, here, recorded an earthquake, beginning at 8.22 this morning and lasting two hours. The disturbance was placed 5,500 miles to the southwest.