21125. First National Bank (Ennis, TX)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
12110
Charter Number
12110
Start Date
February 8, 1930
Location
Ennis, Texas (32.329, -96.625)

Metadata

Model
gpt-5-mini
Short Digest
97a7919a

Response Measures

Full suspension, Books examined

Other: Receiver C. J. Maner appointed and expected to reopen bank shortly.

Receivership Details

Depositor recovery rate
77.7%
Date receivership started
1930-02-11
Date receivership terminated
1936-01-08
OCC cause of failure
Governance
Share of assets assessed as good
46.4%
Share of assets assessed as doubtful
44.5%
Share of assets assessed as worthless
9.1%

Description

A small run (reported as caused by rumors of a proposed consolidation) occurred late Saturday and the directors closed the bank and placed affairs with the national bank examiner (Feb 11, 1930). A receiver was later appointed and public reopening was announced (Feb 15, 1930). OCR errors in some articles; dates inferred from publication dates (run late Saturday before Feb 11, 1930 -> 1930-02-08).

Events (6)

1. February 9, 1922 Chartered
Source
historical_nic
2. February 8, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors of a proposed consolidation spread, prompting depositors to withdraw funds late Saturday.
Measures
Directors closed the bank and called in the national bank examiner to protect depositors; affairs placed in hands of examiner.
Newspaper Excerpt
rumors of a consolidation had caused a small run
Source
newspapers
3. February 11, 1930 Receivership
Source
historical_nic
4. February 11, 1930 Suspension
Cause
Rumor Or Misinformation
Cause Details
Directors closed the bank and turned it over to the national bank examiner to prevent discrimination in paying depositors after consolidation rumors and the run.
Newspaper Excerpt
First National Bank of Ennis failed to open its doors for business today and its affairs were placed in the hands of national bank examiner
Source
newspapers
5. February 15, 1930 Other
Newspaper Excerpt
C. J. Maner of Houston has been placed in charge of the affairs of the First National Bank as receiver ... within two or three days the doors will be thrown open to the public
Source
newspapers
6. February 15, 1930 Reopening
Newspaper Excerpt
within two or three days the doors will be thrown open to the public, so that depositors ... may call and receive any proper information in regard to the status of the bank
Source
newspapers

Newspaper Articles (8)

Article from Corsicana Daily Sun, February 11, 1930

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Article Text

THREE TEXAS BANKS FAIL TO OPEN FOR BUSINESS MONDAY INSTITUTIONS ALL BELIEVED TO BE IN TEMPORARY TROUBLE ONLY Texas banks, closed yesterday, were in the hands of bank examincrs today. Failure of a Fort Worth bank recently was given as the cause of the closing of the Farmers Bank of Merkel. The Merkel bank had large deposits in the Fort Worth institu according to statement by the active vice-president. The institution. in its last statement. listed individual deposits of $393,384. Affairs of the First National Bank at Ennis were placed in the hands of a national bank examincr. F. P. McElwrath. president. said the bank was not insolvent and that there was no possibility of any depositors losing money. He said rumors of a consolidation had caused a small run, and the bank examiner was called in. The bank had deposits of ap$550,000. @ After a run on the institution Saturday, the Commercial National Bank of Jefferson failed to open its doors. Although few details could be learned, it was reported the closing was temporary and the bank would be open for business within R few days. Last report of the Jefferson bank showed deposits of $140,733.


Article from Fort Worth Record-Telegram, February 11, 1930

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Article Text

Ennis Bank Turned Over to Examiner Press. ENNIS Feb. First National Bank of Ennis failed open doors today its affairs were placed in the hands of national bank bank. organized eight the the Ennis National Bank, placed in the hands of pending reorganizawrath president, cent the deposits are on hand cash or government and the bank by no means "There possibility of depositor losing his money."


Article from Fort Worth Record-Telegram, February 11, 1930

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Article Text

Ennis Bank Turned Over to Examiner Feb. First tional Bank of Ennis failed open its doors and affairs placed in the hands of a national The organized eight after the Ennis was in the hands of bank tion possible of 50 of the deposits are hand ernment and the bank by no means possibility of depositor losing his money


Article from Corpus Christi Caller-Times, February 11, 1930

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Article Text

Doors of Ennis Bank Are Closed First National Bank of Ennis failed to open its doors for business today and its affairs were placed in the hands of national bank examiner The bank, organized eight years ago after the failure of the Ennis National Bank. was placed in the hands of bank examiner pending a reorganization or possible sale, P. McElwrath of Corsicana, pressaid "Approximately 50 per cent of the deposits are on hand in cash or government securities, and the bank is by no means insolvent." McElwrath said. "There is no possibility of a depositor losing his money. "The bank was closed by the directors and placed in the hands of the examiner in order to prevent discrimination in paying depositors after rumors of a proposed consolldation had been spread and many people thought the bank was to close its doors


Article from Wichita Falls Times, February 11, 1930

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Article Text

THREE BANKS IN TEXAS IN HANDS OF RECEIVER DALLAS, Feb. 11. Texas banks, yesterday, in the hands of bank examiners toFailure of Fort Worth bank recently was given as the cause the closing of the Farmers State Merkel. The Merkel bank had deposits in the Fort Worth statement by the active vice presiThe institution, in its last state$393,384. ment, listed individual deposits of Affairs of the First National bank Ennis in the hands national bank McElwrath, president, said the bank was not insolvent and that there was no possibility depositors losing money. He said of had caused small run, and the bank examiner called The bank had deposits of approximately After run the institution Saturday, the Commercial National of Jefferson failed to open its doors. Although few could be the closing was and the bank would be open for business within days. Last report of the Jefferson bank showed deposits of $140,733.


Article from San Angelo Evening Standard, February 11, 1930

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Article Text

RECEIVERS TAKE BANKS Failure of Fort Worth Institution Is Blamed for Closing. DALLAS. Feb. 11. Texas were the hands of bank examiners today. Failure of Fort Worth bank recently was given the cause Farmers State Bank Merkel. The Merkel bank had large deposits Fort Worth institution, according statement by the active dent. The institution, in its last statelisted individual deposits of Affairs of the First National Bank Ennis were placed in the hands national bank McElwrath. president, said the bank was insolvent and that there possibility of any depositors losing money said rumors of consolidation had caused run. and the bank examiner called The had deposits of apAfter run on the institution the National Bank of failed to open its Although few details could be was reported the closing temporary and bank would for business open within few days. Last report the Jefferson bank showed deposits of


Article from Miami News-Record, February 11, 1930

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Article Text

Run Forces Bank at Ennis, to Close ENNIS, Tex., Feb. The First National bank of Ennis failed to open its doors for business today. Its affairs were placed in the hands of national bank examiner. Officials of the bank decided place its affairs with the bank examiner after run on late Saturday in order protect depositors. was believed arrangements would be made for payment of depositors in full. DOCTORS TO MEET The regular meeting of the Ottawa County Medical society will be held o'clock Wednesday noon in the reception room of the Miami clinic, Security building. QUAKE FELT IN PORTUGAL LISBON, Portugal, Feb. earth shocks were felt this morning in the region of garve. A few collapsed, but no injuries were reported. Many hundreds of women southern and midland England spend their lives in driving and steering boats. Job


Article from The Waxahachie Daily Light, February 15, 1930

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Article Text

C. J. Maner Receiver 1st National, Ennis C. J. Maner of Houston has been placed in charge of the affairs of the First National Bank as receiver. and he stated to the News reperesentative that within two or three days the doors will be thrown open to the public, so that depositors. stockholders or any other interested parties may call and receive any proper information in regard to the status of the bank and especially their interests,' the Ennis News says. "Further than this, Mr Maner stated that he was not in possession of any information that would be of interest to the people as he has just arrived and taken charge and is checking over the affairs of the bank in order to be ready to transact business.