21107. First National Bank (Desdemona, TX)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
national
Bank ID
11452
Charter Number
11452
Start Date
March 10, 1921
Location
Desdemona, Texas (32.270, -98.550)

Metadata

Model
gpt-5-mini
Short Digest
598d80bc

Response Measures

Full suspension

Other: Multiple near-duplicate newspaper clippings report the same brief item: First National Bank of Desdemona, Tex., 'closed its doors, due to heavy withdrawal of funds.' No further detail about receivership or reopening is provided.

Receivership Details

Depositor recovery rate
11.8%
Date receivership started
1921-04-07
Date receivership terminated
1927-12-15
OCC cause of failure
Losses
Share of assets assessed as good
30.6%
Share of assets assessed as doubtful
34.3%
Share of assets assessed as worthless
35.1%

Description

Three syndicated/duplicate brief items (dated 1921-03-10/11) report: The First National Bank of Desdemona, Tex., closed its doors, due to heavy withdrawal of funds, according to a statement by officials of the bank. The articles state a run (heavy withdrawals) and that the bank closed its doors. No mention of receivership, takeover, reopening, or permanence. Because permanence is not specified, I classify as run -> suspension with outcome unsure. OCR duplicates corrected for spelling/formatting; no other corrections.

Events (4)

1. September 12, 1919 Chartered
Source
historical_nic
2. March 10, 1921 Run
Cause Details
Heavy withdrawals (unspecified origin) reported by bank officials; article gives no further trigger (no rumor, external bank failure, or bank-specific scandal described).
Measures
Bank closed its doors (suspended payments/operations) according to officials.
Newspaper Excerpt
The First National Bank of Desdemona, Tex., closed its doors, due to heavy withdrawal of funds, according to a statement by officials of the bank.
Source
newspapers
3. March 10, 1921 Suspension
Cause Details
Suspension reported as resulting from heavy withdrawals; no government action or voluntary liquidation mentioned.
Newspaper Excerpt
The First National Bank of Desdemona, Tex., closed its doors, due to heavy withdrawal of funds, according to a statement by officials of the bank.
Source
newspapers
4. April 7, 1921 Receivership
Source
historical_nic

Newspaper Articles (3)

Article from Judsonia Weekly Advance, March 10, 1921

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Article Text

Condensed News Items SHORT STORIES TERSELY TOLD FOR THE BENEFIT OF BUSY READERS. MISCELLANEOUS. Archbishop Dougherty of Philadelphia, who is to be raised to the cardiExtraordinary precautions were taknalate at the approaching consistory, h at Chicago to prevent Mrs. Isabella has arrived at Rome. ora Orthwein from committing suiTotal appropriations in the present de while the body of Herbert F. eigler, "the soul-mate" she had slain, session of Congress for the fiscal, year 1922 were $3,806,029,647, Chairman as being buried. She is suffering from Warren of the Senate Appropriations ervous prostration and is wildly hysCommittee announced in the Senate. rical at times. Federal receivers were appointed at The House passed the bill authorizg the director of the mint to strike New York for Imbrie and Company, 50-cent coin in commemoration of the Broadway securities dealers. Liabilities were placed at $11,810,000 and 00th anniversary of the entrance of e State of Missouri into the Union. assets, as of December 31, $13,500,000. The equity suit was filed on behalf of he bill now goes to the President. the Beaver Board Company, with a Herbert P. Ziegler, married, district claim of more than $5,000. Shortage anager of the Goodyear Tire and of cash and liquid assets was alleged. ubber Company, paid the wages of n at Chicago when Mrs. Isabelle Cora Acceptance by Federal Judge Landis rthwein, former St. Louis society of the position as supreme baseball aroman, shot him to death in her luxurbitrator is inconsistent with the full us apartment in Surf street. and adequate performance of his duties as judge and constitutes a serious imMrs. Cora Orthwein, former St. propriety on his part. the House Judiouis divorcee, went home at Chicago. ciary Committee held in recommendhe $25,000 demanded by the state as ing full investigation at the next sesnd pending the outcome of the invession of Congress of the impeachment gation of the killing of Herbert P. charges made by Representative Weity eigler, wealthy tire man, was fur(Democrat), of Ohio. shed by Harry P. Branstetter, presient of an automobile concern. The First National Bank of Desdemona, Tex., closed its doors, due to An additional gift of $2,000,000 from heavy withdrawal of funds, according e Rockefeller fortune, to help sufto a statement by officials of the bank. re-s abroad, was announced by the uropean Relief Council. The gift, Kentucky laws levying a special tax vided equally between the Rockeon liquors withdrawn from bonded ller Foundation and the Laura Spellwarehouses were held invalid by the an Rockefeller Memorial Fund, is to U. S. supreme court. Several millions 0 to the American Relief Administraof dollars in taxes already collected on and is to be used for the starving by the state were involved. hildren of Europe. A blackmail bomb plot to extort $50,Havana, Cuba, is one great gambling 000 from Mrs. Ferdinand Schleisinger buse, lidless, careless, all sport and of Milwaukee, reputed to be Wisconb work, according to Thomas J. Sheesin's wealthiest woman, was revealed. an, former police commissioner of St. William Dalton, the 16-year-old bank ouis, who returned from a two weeks' employe who took $772,000 in Liberty ip to the Pearl of the Antilles. Bonds from the Northern Trust ComThe House resolution providing for pany at Chicago and who was later eneral repeal of war-time laws was captured at Heyworth, III., was redopted by the Senate and sent to conleased from custody on $15,000 bonds. rence. Frantic with pain from an attack of appendicitis, Earl Wilson, an 8LABOR. year-old boy, shot and killed himself Two large trunk railways served noat Bonner Springs, Kan., when an amce at New York that they intend to bulance drew up in front of his home educe wages paid their unskilled or to take him to a hospital. ommon labor, and officials of the AsThe Senate adopted the report of ociation of Railway Executives deits conferees recommending passage ared they had no doubt other carof the $383,000,000 sundry civil bill ers soon would take similar steps without the $10,000,000 appropriation hroughout the country. for continuing work on the Wilson Federal Judge S. H. Sibley signed Dam project. ) order at Atlanta, Ga., authorizing a The American Federation of Labor duction, effective March 1, of wages Executive Council at Washington has employes of the Atlanta, Birmingdecided that the Federation should m and Atlantic Railroad, now in a sever all relations with the Internareceivership. tional Federation of Trade Unions, but official anouncement of its action CRIMINAL. was withheld. American labor, the Guy Nichols of Trimble, Ohio, was council held, cannot affiliate with the it to death in the electric chair at European body. ng Sing prison at Ossining, N. Y.,


Article from Washington Telegraph, March 11, 1921

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Article Text

P Condensed News Items SHORT STORIES TERSELY TOLD FOR THE BENEFIT OF BUSY READERS. Archbishop Dougherty of PhiladelMISCELLANEOUS. phia, who is to be raised to the cardiExtraordinary precautions were taknalate at the approaching consistory, en at Chicago to prevent Mrs. Isabella has arrived at Rome. Cora Orthwein from committing suiTotal appropriations in the present cide while the body of Herbert F. session of Congress for the fiscal year Zeigler, "the soul-mate" she had slain, 1922 were $3,806,029,647. Chairman was being buried. She is suffering from Warren of the Senate Appropriations nervous prostration and is wildly hysCommittee announced in the Senate. erical at times. Federal receivers were appointed at The House passed the bill authorizNew York for Imbrie and Company, ing the director of the mint to strike Broadway securities dealers. , Liabil50-cent coin in commemoration of the ities were placed at $11,810,000 and 100th anniversary of the entrance of the State of Missouri into the Union. assets, as of December 31, $13,500,000. The equity suit was filed on behalf of The bill now goes to the President. the Beaver Board Company, with a Herbert P. Ziegler, married, district claim of more than $5,000. Shortage manager of the Goodyear Tire and of cash and liquid assets was alleged. Rubber Company. paid the wages of in at Chicago when Mrs. Isabelle Cora Acceptance by Federal Judge Landis of the position as supreme baseball arOrthwein, former St. Louis society bitrator is inconsistent with the full woman, shot him to death in her luxurand adequate performance of his duties ous apartment in Surf street. as judge and constitutes a serious imMrs. Cora Orthwein, former St. propriety on his part, the House JudiLouis divorcee, went home at Chicago. ciary Committee held in recommendThe $25,000 demanded by the state as ing full investigation at the next sesond pending the outcome of the invession of Congress of the impeachment igation of the killing of Herbert P. charges made by Representative Weity Leigler, wealthy tire man, was fur(Democrat), of Ohio. ished by Harry P. Branstetter, presient of an automobile concern. The First National Bank of Desdemona, Tex., closed its doors, due to An additional gift of $2,000,000 from he Rockefeller fortune, to help sufheavy withdrawal of funds, according to a statement by officials of the bank. erers abroad, was announced by the Curopean Relief Council. The gift, Kentucky laws levying a special tax ivided equally between the Rockeon liquors withdrawn from bonded eller Foundation and the Laura Spellwarehouses were held invalid by the an Rockefeller Memorial Fund, is to U. S. supreme court. Several millions 0 to the American Relief Administraof dollars in taxes already collected on and is to be used for the starving by the state were involved. bildren of Europe. A blackmail bomb plot to extort $50,Havana, Cuba, is one great gambling 000 from Mrs. Ferdinand Schleisinger ouse, lidless, careless, all sport and of Milwaukee, reputed to be Wiscon0 work, according to Thomas J. Sheesin's wealthiest woman, was revealed. an, former police commissioner of St. William Dalton, the 16-year-old bank ouis, who returned from a two weeks' employee who took $772,000 in Liberty ip to the Pearl of the Antilles. Bonds from the Northern Trust ComThe House resolution providing for pany at Chicago and who was later eneral repeal of war-time laws was captured at Heyworth, III., was redopted by the Senate and sent to conleased from custody on $15,000 bonds. erence. Frantic with pain from an attack of appendicitis, Earl Wilson, an 8LABOR. year-old boy, shot and killed himself Two large trunk railways served noat Bonner Springs, Kan., when an amice at New York that they intend to bulance drew up in front of his home educe wages paid their unskilled or to take him to a hospital. common labor, and officials of the AsThe Senate adopted the report of sociation of Railway Executives deits conferees recommending passage elared they had no doubt other carof the $383,000,000 sundry civil bill iers soon would take similar steps without the $10,000,000 appropriation throughout the country. for continuing work on the Wilson Federal Judge S. H. Sibley signed Dam project.


Article from Washington Telegraph, March 11, 1921

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Article Text

Condensed News Items SHORT STORIES TERSELY TOLD FOR THE BENEFIT OF BUSY READERS. MISCELLANEOUS. Archbishop Dougherty of Philadelxtraordinary precautions were takphia, who is to be raised to the cardiat Chicago to prevent Mrs. Isabella nalate at the approaching consistory, has arrived at Rome. a Orthwein from committing suiwhile the body of Herbert F. Total appropriations in the present gler, "the soul-mate" she had slain, session of Congress for the fiscal year being buried. She is suffering from 1922 were $3,806,029,647. Chairman vous prostration and is wildly hysWarren of the Senate Appropriations cal at times. Committee announced in the Senate. he House passed the bill authorizFederal receivers were appointed at the director of the mint to strike New York for Imbrie and Company, -cent coin in commemoration of the Broadway securities dealers. Liabilh anniversary of the entrance of ities were placed at $11,810,000 and State of Missouri into the Union. assets, as of December 31, $13,500,000. bill now goes to the President. The equity suit was filed on behalf of erbert P. Ziegler, married, district the Beaver Board Company, with a ager of the Goodyear Tire and claim of more than $5,000. Shortage ber Company, paid the wages of of cash and liquid assets was alleged. at Chicago when Mrs. Isabelle Cora Acceptance by Federal Judge Landis hwein, former St. Louis society of the position as supreme baseball aran, shot him to death in her luxurbitrator is inconsistent with the full apartment in Surf street. and adequate performance of his duties rs. Cora Orthwein, former St. as judge and constitutes a serious imis divorcee, went home at Chicago. propriety on his part, the House Judi$25,000 demanded by the state as ciary Committee held in recommendd pending the outcome of the invesing full investigation at the next sestion of the killing of Herbert P. sion of Congress of the impeachment der, wealthy tire man, was furcharges made by Representative Weity ed by Harry P. Branstetter, presi(Democrat), of Ohio. : of an automobile concern. The First National Bank of Desden additional gift of $2,000,000 from mona, Tex., closed its doors, due to Rockefeller fortune, to help sufheavy withdrawal of funds, according rs abroad, was announced by the to a statement by officials of the bank. opean Relief Council. The gift, Kentucky laws levying a special tax ded equally between the Rockeon liquors withdrawn from bonded r Foundation and the Laura Spellwarehouses were held invalid by the Rockefeller Memorial Fund, is to U. S. supreme court. Several millions o the American Relief Administraof dollars in taxes already collected and is to be used for the starving by the state were involved. dren of Europe. A blackmail bomb plot to extort $50,avana, Cuba, is one great gambling 000 from Mrs. Ferdinand Schleisinger se, lidless, careless, all sport and of Milwaukee, reputed to be Wisconwork, according to Thomas J. Sheesin's wealthiest woman, was revealed. former police commissioner of St. William Dalton, the 16-year-old bank is, who returned from a two weeks' employe who took $772,000 in Liberty to the Pearl of the Antilles. Bonds from the Northern Trust Comhe House resolution providing for pany at Chicago and who was later ral repeal of war-time laws was captured at Heyworth, III., was reoted by the Senate and sent to conleased from custody on $15,000 bonds. nce. Frantic with pain from an attack of appendicitis, Earl Wilson, an 8LABOR. year-old boy, shot and killed himself WO large trunk railways served noat Bonner Springs, Kan., when an amat New York that they intend to bulance drew up in front of his home Ice wages paid their unskilled or to take him to a hospital. mon labor, and officials of the AsThe Senate adopted the report of ation of Railway Executives deits conferees recommending passage ed they had no doubt other carof the $383,000,000 sundry civil bill S soon would take similar steps without the $10,000,000 appropriation ughout the country. for continuing work on the Wilson ederal Judge S. H. Sibley signed Dam project. rder at Atlanta, Ga., authorizing a The American Federation of Labor action, effective March 1, of wages Executive Council at Washington has employes of the Atlanta, Birming decided that the Federation should and Atlantic Railroad, now in sever all relations with the Internalivership. tional Federation of Trade Unions, but official anouncement of its action CRiMINAL. was withheld. American labor, the uy Nichols of Trimble, Ohio, was council held, cannot affiliate with the to death in the electric chair at European body. g Sing prison at Ossining, N. Y., mundon of Samuel Walebook 9