21222. Marlin National Bank (Marlin, TX)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
5606
Charter Number
5606
Start Date
January 1, 1933*
Location
Marlin, Texas (31.306, -96.898)

Metadata

Model
gpt-5-mini
Short Digest
aae0e130

Response Measures

None

Receivership Details

Date receivership started
1933-03-01
Date receivership terminated
1934-04-23
Share of assets assessed as good
19.0%
Share of assets assessed as doubtful
56.3%
Share of assets assessed as worthless
24.8%

Description

Articles state the Marlin National suspended business in 1933 and after reorganization resumed operations in April 1934. There is no description of a depositor run in the provided text, so this is classified as a suspension with subsequent reopening. Cause of suspension is not explicitly stated; inferred as bank-specific distress leading to reorganization.

Events (6)

1. October 24, 1900 Chartered
Source
historical_nic
2. January 1, 1933* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Article notes the bank suspended business in 1933 and later required reorganization; specific triggering details not provided in text.
Newspaper Excerpt
the bank suspended business in 1933
Source
newspapers
3. March 1, 1933 Receivership
Source
historical_nic
4. April 22, 1934 Reopening
Newspaper Excerpt
reorganization of the Marlin National bank here ... reorganization were completed. This institution has meant great deal to the entire .community ... at the time business was suspended last year this action was keenly felt. 6 Month Fifteen After Marlin Bank Resumes Operations Pages of History Turned Back With Bank Reopening ... the bank suspended business in 1933, was elected its assistant cashier ... served till death ... Mayor Says That Reopening Great Stride for City Reorganization of Bank Is Testimony That the Conditions of Business Are Improving The reorganization of the Marlin National bank here is one of the that can be made greatest toward the recovery and improvement of business conditions in Marlin and Falls Cecil R. mayor of Marlin. stated upon being advised that all matters in reference to the reorganization were completed. First Stockholders ... bank suspended business in 1933, and reorganization completed by April 1934. (Article date: 1934-04-22.) (Excerpted confirming reopening.)
Source
newspapers
5. April 23, 1934 Restored To Solvency
Source
historical_nic
6. July 26, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Waco Tribune-Herald, April 22, 1934

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Article Text

6 Month Fifteen After Marlin Bank Resumes Operations Pages of History Turned Back With Bank Reopening Original Records of Marlin National Show Establishment of the Firm in 1900 suspended activities After having business will about 15 months for Marlin by the Marlinbe resumed at bank with its new Citizens National to Marlin National being the name records of the From the original has served which county and large Falls is found area for over 30 years, ing National bank to have the Marlin on Sept. 1900, been organized with capital stock. First Stockholders who subscribed to the time were R. capital stock at that H. HerA. S. H. Spencer, W. W. ron, R. B. W. T. Price, T. H. z. Harlan, C. CrisHairshon. Royal W. Flinn, D George Wardlow Adams, Wm James W. H. Rogers and R. Scott, Miss Lula Sam DeBarnes, the latter six only are ported to still living officers and directors The first bank that named for the were R. A. Reed, Johnvice and Herron, sistant cashier L. B. Herron, direcSeley Herron Takes Office Johnson was the first H. ficer to resign due to after the bank about one year and was succeeded assistant cashier at the Herron, time Mr Johnson remained active board of directors until the on the time his death m 1911. shown to have Others who are been elected to serve the bank are shown to be H. Rogers as president 1905 and the same year Edgar Smith was elected the latter second vice serving only few months, resigned vacancy filled by J. A. and the Pierce of Honey Grove. New Directors Harlan was elected In 1908 president, Torbett vice and Frank M. Burkhead director cashier. H. T. named from the board. In 1909 resigned the Hoke was elected to the board and later became vice president. In 1910 the same officers and directors of were retained. sier, G. first became ated with the bank in the early part of assistant cashier and as and for 1914 was elected to the board made cashier. In 1912 A. W. Flinn was made director. Flowers on Staff E. A. Flowers was named as assistant cashier in elected to the board in resigned in 1926 moved Waco, where became vice president of the Provident National bank and later vice president of the First National bank, which position holds president. 1905 W Steele became member the board. W. E. Johnson in W. who the cashier at time the bank suspended business in 1933, was elected its assistant cashier in 1917. John of Reed. son of R. Reed, was elected to the board in 1923. Served Till Death R. A. Reed. president of the MarNational bank, served from the beginning of the organization that capacity from 1900 until the time of his Jan 24, 1924. Mr. represented possibly of the most interesting individuals bank- in ing business in the state during this time. Being reared in an atmosphere of farm home surroundings and possessing large acreage of farm property in Falls county gave him the knowledge of individual problems of farm to his institution His combined knowledge of business and tural interests made his judgment exceptionally well qualified in to serve bank and this the for over 20 years. pacity as president Son Succeeds Him his John Following named from the board he member of president, to sucthe his elected the board and member of in served as president After John almost exactly Mrs and his Reed, named she the in 1933. the band another son the Mrs member of the board who died. A. W. Bank There Marlin National At the the in Marlin bank second banking the being stitution In bank was organized Citizens State In in


Article from Waco Tribune-Herald, April 22, 1934

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Article Text

Mayor Says That Reopening Great Stride for City Reorganization of Bank Is Testimony That the Conditions of Business Are Improving The reorganization of the Marlin National bank here is one of the that can be made greatest toward the recovery and improvement of business conditions in Marlin and Falls Cecil R. mayor of Marlin. stated upon being advised that all matters in refer- ence to the reorganization were completed. This institution has meant great deal to the entire .community, he and we have always been very proud of this bank and the others who have served our city for many years. The Marlin National bank maintained very important place in the economic life our community and at the time business was suspended last year this action was keenly felt. Those who have assisted in the reorganization plans, and all of those who have worked 80 untiringly in their effort to reorganize this bank are to be congratulated, he concluded. New Orleans is not at the mouth the Mississippi river but nearly 100 miles upstream. The University of Iowa has volume on metallurgy. autographed and translated from Latin by former President Hoover and his wife.