Farmers National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10626
Charter Number: 10626
Start Date: March 7, 1921
Location: Cooper, Texas (33.373, -95.689)

Metadata

Model: gpt-5-mini
Short Digest: f655ad10

Response Measures

None

Receivership Details

Date receivership started: 1921-01-28
Date receivership terminated: 1927-06-30
OCC cause of failure: Run
Share of assets assessed as good: 71.0%
Share of assets assessed as doubtful: 12.3%
Share of assets assessed as worthless: 16.7%

Description

Article (Amarillo Daily News, 1921-03-08) reports that the Farmers' National Bank of Cooper was now in the hands of a receiver after its cashier was charged with embezzlement of about $178,000. No run or reopening is mentioned; the bank appears closed and in receivership. OCR corrections: 'fedoral' -> 'federal', 'missappropriation' -> 'misappropriation'.

Events (3)

1. September 30, 1914 Chartered

Source: historical_nic

2. January 28, 1921 Receivership

Source: historical_nic

3. March 7, 1921 Receivership

Newspaper Excerpt: Lawrence E. Stell former cashier of the Farmers' National Bank of Cooper, now in the hands of a receiver appeared to answer to charges of missappropriation embezzlement and abstraction of $178,000.
Source: newspapers

Newspaper Articles (1)

1. March 8, 1921 Amarillo Daily News Amarillo, TX

Article from Amarillo Daily News, March 8, 1921

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Article Text

CASHIER CHARGED WITH THEFT Must Answer Charges of Embezzlement; $179,000 Missing. PARIS. Texas, March 7.-In the fedoral district court today Lawrence E. Stell former cashier of the Farmers' National Bank of Cooper, now in the hands of a receiver appeared to answer to charges of missappropriation embezzlement and abstraction of $178,000.