21126. Floyd County National Bank (Floydada, TX)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
12692
Charter Number
12692
Start Date
July 1, 1931*
Location
Floydada, Texas (33.985, -101.338)

Metadata

Model
gpt-5-mini
Short Digest
8c5b1c14

Response Measures

Full suspension

Other: Directors planned to reorganize and reopen within a week; suspension followed two weeks of heavy withdrawals triggered by failure of nearby bank.

Receivership Details

Depositor recovery rate
18.1%
Date receivership started
1931-07-17
Date receivership terminated
1937-05-28
Share of assets assessed as good
21.0%
Share of assets assessed as doubtful
61.8%
Share of assets assessed as worthless
17.2%

Description

Multiple contemporary reports (published July 16, 1931) state the bank suspended Wednesday afternoon after a two-week run, reportedly spurred by news that the Security State Bank of Lockney failed to open. Directors planned to reopen within a week. No receivership or permanent closure is mentioned.

Events (5)

1. April 23, 1925 Chartered
Source
historical_nic
2. July 1, 1931* Run
Cause
Local Banks
Cause Details
Two-week slow run reportedly intensified/spurred when news arrived that the Security State Bank of Lockney failed to open its doors.
Measures
Directors suspended business (bank closed Wednesday afternoon); planned reorganization and reopening within a week.
Newspaper Excerpt
suspended business Wednesday afternoon, the result of weeks' run
Source
newspapers
3. July 15, 1931 Suspension
Cause
Local Banks
Cause Details
Suspension followed announcement that Security State Bank of Lockney failed to open, which spurred deposit withdrawals leading to the suspension.
Newspaper Excerpt
which suspended business yesterday afternoon as the climax to two weeks' slow run
Source
newspapers
4. July 16, 1931 Other
Newspaper Excerpt
directors planned to reopen the institution ... expected to have the bank reorganized open for business within week.
Source
newspapers
5. July 17, 1931 Receivership
Source
historical_nic

Newspaper Articles (7)

Article from Fort Worth Star-Telegram, July 16, 1931

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Article Text

FLOYDADA BANK MAY REOPEN NEXT WEEK July of the Floyd County National Bank. which suspended business Wednesday afternoon. the result of weeks' run. Thursday were planning to reopen the president, said the run spurred Wednesday morning when learned that the Security State Bank Lockfailed open doors. He said directors planned to resume business within week.


Article from Pampa Daily News, July 16, 1931

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Article Text

Floydada Bank to at Once FLOYDADA, July ors of the Floyd County National which suspended business yesterday afternoon as the climax two weeks slow run, today planning reopening of the Stevenson, president of the bank, said the run was probably spurred Wednesday morning announcement reached Floydada telling of the failure of the Security State bank of Lockney, in the same county, to open its doors for business. Mr. said the rectors expected to have the bank reorganized open for business within week.


Article from San Angelo Evening Standard, July 16, 1931

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Article Text

Gotham Greeting To Fliers To Be Broadcast Friday NEW YORK. July 16.(P) (Time is San Angelo throughout)- The greet ing of New York to Otto Hillig and Hoiger Hoiriis, who flow from Now York to Copenhagen recently, will be broadcast Friday afternoon. Coming from the steps of the city hall, It will go on the air from 1:00 to 1:30 p. m., over WABC-CBS. The two-way radio conversation to be conducted at 5:30 a. m. Saturday by Harold Gatty and Wiley Post world fliers, at Schenectudy with Wing Commander Charles Kings ford Smith and Charles Ulm, CO pilots of the Southern Cross, which flew the Pacific, who are in Aus tralia, will be rebroadcast by WEAF NBC as well as WGY. Try these on your radio tonight Gregory Stone, composer and director, in the composer and con ducts program. WJZ-NBC, 5:45. The Dave Rubinoff orchestra tak ing Rudy Vallee's place on WEAF NBC, with the Brox Sisters as guest artists: Vallee was called to the bedside of his mother in Westbrook, Me. the first of the week Sisters of the Skillet, WJZ-NBC, New program by the Melody Girl, otherwise Welcome Lewis, WABC. CBS, 7:15. Goldman band concert, Del Staig ers cornetist, WEAF-NBC 7:30. The Boswell Sisters, WABC-CBS 7:45. Grand opera miniature. "Caval Dance program by the Blue Rhy. Henry M. Neely and his Old Stag FLOYDADA BANK CLOSED Business Suspended as Climax to Two Week's Slow Run rectors of the Floyd County Na. tional Bank. which suspended bust ness yesterday afternoon as the climax to two weeks' slow run, to day were planning re-opening of the institution. T. S. Stevenson, president of the bank, said the run was probably spurred Wednesday morning after announcement reached Floydada tellig of the failure of the Security State Bank of Lockney, in the same county to open its doors for busi ness. Mr. Stevenson said the di rectors expected to have the bank reorganized open for business within week.


Article from Longview News-Journal, July 17, 1931

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Article Text

BANK TO REOPEN FLOYDADA, July 16. tors of the Floyd County National Bank, which Wednesday as the result of two week run, Thursday were planning to reopen the institution.


Article from Longview News-Journal, July 17, 1931

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Try This on Your Shipwreck! started for Galveston. but after allowing five runs and eight hits in seven innings turned the job over to Cromer whom the Cuts got to for run and two hits. Frey. new middle pasture guardian. and Dalrymple second baseman, led Fort Worth's offense with three hits cach. The Dallas Steers. opening series at Beaumont, wasted ten hits and lost to the fast traveling Exporters to Big Lou Garland. Rookie right hander. went to the mound for Dallas but he failed to click. although he held the second place Export crew to ley six hits. The loss sent the Steers into fifth place. Buck Marrow went the route for Beaumont. He was in several tight spots, but managed to save his Bob James. diminutive Dallas second baseman. was the hitting star with four for four The Wichita Falls arid San Antonio game was postponed on account of ing in the west indicates that the Chicago Cubs are the best bet outside of St. Louis for honors in the senior circuit. St. Louis made its lead little safer yesterday with a 5 to 0 victory over the Robins Chicago beat the Giants for the third time in a row. to 2. and advanced to second place, New York dropping to third a half contest ahead of Brooklyn. Old Clarence Mitchell's left handed spitters didn't baffle the Cubs much but Charley Root had the Giants eating out of his hand. That old campaigner, Rabbit Maranville, backed Bruce Cunningham's five hit pitching with brilliant fielding and the combination brought the Boston Braves a 2 to 0 victory over Cincinnati. Pittsburgh and Philadelphia spent the afternoon knocking baseballs to all corners of Forbes field, but the Pirates' blows came oftener and they hung up 12 to 8 victory The Athletics showed their colors with a 5 to 3 decision over Detroit and insulted the Tigers again by keeping their big -Earnshaw, Grove and Walberg-under cover Mahaffey did the pitching and also did some hitting, the latter in the form of home run Washington pulled one out of the fire by staging three-run uprising in the ninth to nose out Chicago, 5 to 4 The teams were scheduled for two games, but the White Sox diln't mind when the second game was called off because of rain. When the Yankee pitchers weren't throwing base hits, they were issuing bases on balls so Cleveland won from New York, 9 to 8. The Indians received 11 free tickets to first and rapped out 11 safe hits. The Boston Red Sox ran into Sam Gray, St. Louis Browns hurler when he was right, and dropped a 2 to 1 verdict. FLOYDADA, July 16. tors of the Floyd County National Bank, which suspended business Wednesday as the result of a two week run. Thursday were planning to reopen the institution.


Article from Valley Morning Star, July 17, 1931

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Article Text

Suspended Bank To Re-open In Week FLOYDADA. July 16. rectors of the Floyd County National bank. which suspended business yesterday afternoon after run two weeks, plan within week. Stevenson. president, said the run was intensified when it learned that the Security State bank of Lockney in county, had failed to the same its doors yesterday.


Article from Longview News-Journal, July 18, 1931

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Article Text

FLOYDADA. July 16. (AP) -Directors of the Floyd County National Bank. which suspended business Wednesday as the result of a two week run. Thursday were planning to reopen the institution.