First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12927
Charter Number: 12927
Start Date: April 27, 1932
Location: Ralls, Texas (33.674, -101.388)

Metadata

Model: gpt-5-mini
Short Digest: ee711760

Response Measures

None

Receivership Details

Depositor recovery rate: 88.1%
Date receivership started: 1931-01-06
Date receivership terminated: 1936-09-14
OCC cause of failure: Economic conditions
Share of assets assessed as good: 23.1%
Share of assets assessed as doubtful: 58.1%
Share of assets assessed as worthless: 18.8%

Description

Article (Lubbock Avalanche-Journal, 1932-04-28) lists the First National Bank in Ralls as one of five closed national banks under the supervision of L. B. Withers, national bank receiver; dividends to depositors are being paid. No run is mentioned; a receiver is supervising — classified as a suspension leading to closure/receivership (government action).

Events (4)

1. May 3, 1926 Chartered

Source: historical_nic

2. January 6, 1931 Receivership

Source: historical_nic

3. April 27, 1932 Receivership

Newspaper Excerpt: Dividends for five closed national banks under the supervision of L B. Withers, national bank receiver... Mr. Withers is also receiver for the closed banks at Floydada Paducah and Turkey A good deal depends upon crop returns Mr. Withers said ... Two of the banks... the First National bank in Ralls, have paid dividends to depositors. (Lubbock Avalanche-Journal, 1932-04-28).
Source: newspapers

4. April 27, 1932 Suspension

Cause: Government Action
Cause Details: Bank was closed and placed under the supervision of L. B. Withers, national bank receiver; closed by regulatory/receiver action.
Newspaper Excerpt: Two of the banks... the City National bank here and the First National bank in Ralls, have paid dividends to depositors. Mr. Withers is also receiver for the closed banks...
Source: newspapers

Newspaper Articles (1)

1. April 28, 1932 Lubbock Avalanche-Journal Lubbock, TX

Article from Lubbock Avalanche-Journal, April 28, 1932

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Article Text

Houston Man To Benefit By Will Wood. a novelty fireworks jobber said LOGRY he had received notice mc certainly use Herald Square Lotes in New York City March 12 at the of 93. She the sight of vanished from an who her relatives a quarter of a century before her death. Relatives found her :r. a small hotel Money was found sewed in her dresses. hidden in a maintes and other places about her timy room. Jewelry and securities were in her trunk and bioden in other places. In all the cash jewels and securities were valued a: $1,000,000 Wood a great nephew said he received a letter from a sister. now named by court as one of the for New YORK to be present when Japan now has 15 radic station in operation Application for seven new stations are being considered Five Closed Dividends For Banks To Depend On Crops SPUR April 27.-Dividends for five closed national banks under the supervision of L B. Withers. na tional bank receiver. will depend upon crop returns this summer. Mr. Withers Two of the banks. the City NaLOMP bank here and the First National bank in Ralls. have paid dividends 10 depositors. Mr. Withers is also receiver for the closed banks at Floydada Paducah and Turkey "A good deal depends upon crop returns Mr. Withers said "If farmer cood crops and good 10. A total of 12.600 passengers used the Columbus O. municipal air-