Planters National Bank - Honey Grove, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4112
Charter Number: 4112
Start Date: June 1, 1927*
Location: Honey Grove, Texas (33.583, -95.910)

Metadata

Model: gpt-5-mini
Short Digest: b4968514

Response Measures

None

Receivership Details

Depositor recovery rate: 80.5%
Date receivership started: 1926-12-06
Date receivership terminated: 1932-06-16
OCC cause of failure: Economic conditions
Share of assets assessed as good: 44.3%
Share of assets assessed as doubtful: 44.1%
Share of assets assessed as worthless: 11.6%

Description

Article (Fort Worth Star-Telegram, 1927-06-09) states the Planters National Bank, Honey Grove, recently closed their doors and that dividends are being paid by R.R. Caldwell (receiver) — indicates the bank suspended and remained closed with a receiver handling payments. No run or depositor agitation is mentioned.

Events (4)

1. September 6, 1889 Chartered

Source: historical_nic

2. December 6, 1926 Receivership

Source: historical_nic

3. June 1, 1927 Receivership

Newspaper Excerpt: June First dividends amounting 40 and 30 cent are being paid ... R. R. Caldwell national bank at his head quarters here today. Both banks recently closed their doors.
Source: newspapers

4. June 1, 1927* Suspension

Cause: Government Action
Cause Details: Bank had closed and a receiver (R.R. Caldwell) is paying dividends; closed by government/receiver action.
Newspaper Excerpt: Both banks recently closed their doors.
Source: newspapers

Newspaper Articles (1)

1. June 9, 1927 Fort Worth Star-Telegram Fort Worth, TX

Article from Fort Worth Star-Telegram, June 9, 1927

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Article Text

DEPOSITORS OF 2 CLOSED BANKS ARE PARTLY PAID GREENVILLE. June First dividends amounting 40 and 30 cent are being paid of the Planters National Bank. Honey Grove. and the Citizens National Bank. Petty. respectively. R. R. Caldwell national bank at his head quarters here today. Both banks recently closed their doors.