First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4316
Charter Number: 4316
Start Date: March 1, 1894
Location: Llano, Texas (30.759, -98.675)

Metadata

Model: gpt-5-mini
Short Digest: 81e7f01f

Response Measures

None

Receivership Details

Depositor recovery rate: 51.8%
Date receivership started: 1894-02-28
Date receivership terminated: 1899-05-01
OCC cause of failure: Fraud
Share of assets assessed as good: 10.2%
Share of assets assessed as doubtful: 70.2%
Share of assets assessed as worthless: 19.6%

Description

Articles report the First National Bank of Llano (OCR as Llana/Liano) suspended payments and a receiver was appointed by the Comptroller of the Currency as an insolvent national bank. No run is mentioned; suspension led to receivership (closure). Dates from articles: receivers appointed reported 1894-03-01; suspension referenced as occurring 'on the 5th instant' in that notice—interpreted as March 5 is inconsistent with publication date, so suspension date set to 1894-03-05 per text but the exact day is uncertain.

Events (4)

1. May 20, 1890 Chartered

Source: historical_nic

2. February 28, 1894 Receivership

Source: historical_nic

3. March 1, 1894 Receivership

Newspaper Excerpt: The controller of the currency today appointed receivers of insolvent national banks as follows: Mr. Henry P. Hilliard of Austin, Texas, receiver of the First National Bank of Llana, Texas, which suspended payment on the 5th instant.
Source: newspapers

4. March 5, 1894 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Described as an insolvent national bank that suspended payment; insolvency caused suspension.
Newspaper Excerpt: Mr. Henry P. Hilliard of Austin, Texas, receiver of the First National Bank of Llana, Texas, which suspended payment on the 5th instant.
Source: newspapers

Newspaper Articles (2)

1. March 1, 1894 Evening Star Washington, DC

Article from Evening Star, March 1, 1894

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Article Text

Bank Receivers Appointed. The controller of the currency today appointed receivers of insolvent national banks as follows: Mr. Henry P. Hilliard of Austin, Texas, receiver of the First National Bank of Llana, Texas, which suspended payment on the 5th instant. Mr. Robert P. Williams of Fayette, Mo., receiver of the American National Bank of Springfield. Mo., which suspended payment on the 14th instant.

2. June 29, 1894 Fort Worth Gazette Fort Worth, TX

Article from Fort Worth Gazette, June 29, 1894

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Article Text

Washington Notes. Special Dispatch. Washington, June 28.-Mr. H. P. HIIHard of Austin and receiver of the First national bank of Liano, who has been here for a day or two on official business with Comptroller wekles, left for home tonight. Mr. Hilliard called upon the president yesterday and was given the cordial reception which Mr. Cleveland always gives to Texans. Representative Balley will deliver a speech to the Democrats of Nevada, Mo., at the Invitation of the congreesional comittee of that district sometime within the next month. The following fourth-class postmasters were appointed today: Humble, T. V. Bender, vice P. 8. Humble, resigned: Moble, C. B. Gegger, J. R. Skinner, resigned; Turkey, J. M. Gist, vice A. P. Hall, resigned.