First National Bank - Killeen, TX

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: national
Bank ID: 5750
Charter Number: 5750
Start Date: October 9, 1920
Location: Killeen, Texas (31.117, -97.728)

Metadata

Model: gpt-5-mini
Short Digest: 9ad0ee38

Response Measures

Full suspension

Receivership Details

Date receivership started: 1920-11-16
OCC cause of failure: Run

Description

Article (The Snyder Signal, 1920-10-15) reports heavy runs that caused the First National Bank of Killeen to 'close doors' and officers hoped to reopen in a few days. No later article here confirms reopening or permanent closure. The Farmers Bank at Nolanville (a subsidiary) was also closed. OCR corrected nothing major.

Events (6)

1. March 20, 1901 Chartered

Source: historical_nic

2. October 9, 1920 Other

Newspaper Excerpt: The Farmers bank at Nolanville, a subsidiary of the Killeen bank, was also closed.
Source: newspapers

3. October 9, 1920 Run

Cause Details: Heavy withdrawals ('heavy runs') triggered by unspecified causes; article gives no specific rumor or bank-specific failure as trigger.
Measures: Bank closed temporarily; officers reassured depositors they would be taken care of and hoped to reopen in a few days.
Newspaper Excerpt: The First National bank of Killeen ... closed doors last Saturday on account of heavy runs.
Source: newspapers

4. October 9, 1920 Suspension

Cause Details: Suspension of payments/closed doors was a direct consequence of heavy runs; article does not indicate government action or voluntary liquidation.
Newspaper Excerpt: The First National bank of Killeen, ... closed doors last Saturday on account of heavy runs.
Source: newspapers

5. November 16, 1920 Receivership

Source: historical_nic

6. January 10, 1921 Restored To Solvency

Source: historical_nic

Newspaper Articles (1)

1. October 15, 1920 The Snyder Signal Snyder, TX

Article from The Snyder Signal, October 15, 1920

Click image to open full size in new tab

Article Text

The First National bank of Killeen, capitalized for $50,000, closed doors last Saturday on account of heavy runs. The officers say depositors will be taken care of and they hope to reopen in a few days. The Farmers bank at Nolanville, a subsidiary of the Killeen bank, was also closed.