First National Bank - Dallas, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2157
Charter Number: 2157
Start Date: January 1, 1876*
Location: Dallas, Texas (32.783, -96.807)

Metadata

Model: gpt-5-mini
Short Digest: c7397184

Response Measures

None

Receivership Details

Depositor recovery rate: 38.1%
Date receivership started: 1878-06-08
Date receivership terminated: 1885-03-24
OCC cause of failure: Losses
Share of assets assessed as good: 31.7%
Share of assets assessed as doubtful: 23.9%
Share of assets assessed as worthless: 44.4%

Description

Article states First National Bank of Dallas went into the hands of Receiver Leonard in 1876 and a final dividend was declared March 24, 1885. No run is mentioned; the bank entered receivership in 1876 and remained closed.

Events (4)

1. July 16, 1874 Chartered

Source: historical_nic

2. January 1, 1876* Receivership

Newspaper Excerpt: the First National Bank of Dallas, which went into the hands of Receiver Leonard in 1876
Source: newspapers

3. June 8, 1878 Receivership

Source: historical_nic

4. March 24, 1885 Other

Newspaper Excerpt: The final dividend ... against the First National Bank of Dallas ... was declared on March 24, 1885.
Source: newspapers

Newspaper Articles (1)

1. April 11, 1885 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, April 11, 1885

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Article Text

Final Dividend. The final dividena against the First National Bank of Dallas, which went into the hands of Receiver Leonard in 1876, was declared on March 24, 1885. H. W. Connor, comptroller of the currency, is now paying to creditors their several dividends by handsome draits on the assistant treasurer of the United States at New York.