Clyde National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8780
Charter Number: 8780
Start Date: March 1, 1933*
Location: Clyde, Texas (32.406, -99.494)

Metadata

Model: gpt-5-mini
Short Digest: 4971eac4

Response Measures

None

Receivership Details

Depositor recovery rate: 41.2%
Date receivership started: 1933-11-14
Date receivership terminated: 1936-12-13
Share of assets assessed as good: 29.1%
Share of assets assessed as doubtful: 56.8%
Share of assets assessed as worthless: 14.1%

Description

No run is described in the articles. The bank was operated by a conservator after the March 1933 banking holiday and a decision was made not to resume full banking functions; a receiver was appointed Nov 15, 1933 and gradual liquidation to continue — consistent with a suspension followed by permanent closure/receivership.

Events (4)

1. July 5, 1907 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank closed/ceased normal operations following the March 1933 national/state banking holiday; conservator operated bank and decision made not to resume full banking functions.
Newspaper Excerpt: Since the banking holiday of last March the Clyde National bank has been operated by E G. Hampton as conservator, decision not to resume full banking functions having been made at that time.
Source: newspapers

3. November 14, 1933 Receivership

Source: historical_nic

4. November 15, 1933 Receivership

Newspaper Excerpt: The appointment of two Texas bank receivers was announced Tuesday ... Fred B. Cablee of Waco, to be receiver of the Clyde National bank. Under the receivership of Fred B. Cablee, Waco, gradual liquidation of the institution will be continued, C A. Bowman, cashier, said. (Nov. 15, 1933).
Source: newspapers

Newspaper Articles (3)

1. November 15, 1933 The Austin American Austin, TX

Article from The Austin American, November 15, 1933

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Article Text

Llano Bank Receiver Chosen at Washington Nov. The appointment two Texas bank receivers was announced Tuesday by the office of Sen. Connally (d) of Texas. They were: Warren Lillard of Dallas, be the Citizens National of Llano; Fred B. Cablee of Waco, be receiver the Clyde National bank.

2. November 15, 1933 Corpus Christi Caller-Times Corpus Christi, TX

Article from Corpus Christi Caller-Times, November 15, 1933

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Article Text

Appointment of Bank Receivers Is Announced appointment of two Texas bank ceivers today by the office of Senator Connally, Texas democrat They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National bank of Liano: Fred C. Cablee of Waco, to be receiver of the Clyde National bank

3. November 15, 1933 Abilene Daily Reporter Abilene, TX

Article from Abilene Daily Reporter, November 15, 1933

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Article Text

Name Receiver For Clyde Bank Rv The Associated Press WASHINGTON. Nov 15 The appointment of two Texas bank receivers was announced Tuesday by the office of Senator Connally (DTexas). They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National Bank of Llano: Fred B. Cablee of Waco, to be receiver of the Clyde National bank. Since the banking holiday of last March the Clyde National bank/has been operated by E G. Hampton as conservator, decision not to resume full banking functions having been made at that time. Under the receivership of Fred B. Cablee, Waco. gradual liquidation of the institution will be continued, C A. Bowman, cashier, said.