Llano National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5853
Charter Number: 5853
Start Date: May 8, 1925
Location: Llano, Texas (30.759, -98.675)

Metadata

Model: gpt-5-mini
Short Digest: fb9e06c1

Response Measures

None

Receivership Details

Depositor recovery rate: 43.4%
Date receivership started: 1923-04-18
Date receivership terminated: 1929-10-31
OCC cause of failure: Governance
Share of assets assessed as good: 26.5%
Share of assets assessed as doubtful: 40.5%
Share of assets assessed as worthless: 33.1%

Description

Article excerpt names Sam D. Young as receiver of the Llano National Bank, indicating the bank was in receivership (i.e., closed). OCR errors present (Llanc -> Llano; date line in text incompatible with publication date — likely OCR mistake). No explicit mention of a run or suspension date or cause in the excerpt; receiver already in place by the newspaper date.

Events (4)

1. June 7, 1901 Chartered

Source: historical_nic

2. April 18, 1923 Receivership

Source: historical_nic

3. May 8, 1925 Receivership

Newspaper Excerpt: Sam D. Young, receiver of the Llano National Bank, was awarded judgment for $4,000... in federal district court yesterday.
Source: newspapers

4. * Other

Newspaper Excerpt: Young Gets $4,000 For Work In Llanc National. (OCR: 'Llanc' corrected to Llano). This article concerns fees awarded the bank's receiver; no run or suspension details provided.
Source: newspapers

Newspaper Articles (1)

1. May 8, 1925 The Austin American Austin, TX

Article from The Austin American, May 8, 1925

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Article Text

BANK RECEIVER AWARDED FEE Young Gets $4,000 For Work In Llanc National. Sam D. Young. receiver of the Llano National Bank, was awarded judgment for $4,000. Interest en that amount since July 2. 1933, and costs of the case, in a suit against J. C. Stribling. by Julye Duval West in féderal district court yesterday Stribling did appear but agreed in writing to submit to the court's judgment.