21245. First National Bank (Ranger, TX)

View Charter #8072 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
8072
Charter Number
8072
Start Date
February 17, 1921
Location
Ranger, Texas (32.470, -98.679)

Metadata

Model
gpt-5-mini
Short Digest
62e2c635

Response Measures

Full suspension, Books examined

Other: Taken over by Federal bank examiner; appears to be closed and placed in examiner's hands (likely receivership/adjustment).

Receivership Details

Depositor recovery rate
20.7%
Date receivership started
1921-03-02
Date receivership terminated
1931-03-31
OCC cause of failure
Run
Share of assets assessed as good
25.8%
Share of assets assessed as doubtful
65.0%
Share of assets assessed as worthless
9.2%

Description

Multiple contemporary reports (Feb 18–19, 1921) state there was a run on the First National Bank of Ranger which led officials to turn the institution over to a Federal bank examiner and suspend operations. Articles attribute cause to inability to realize on loans (bank-specific adverse information). No reopening is reported; taken over by federal examiner implies permanent closure/receivership in these accounts.

Events (5)
1. January 31, 1906 Chartered
Source
historical_nic
2. February 17, 1921 Run
Cause
Bank Specific Adverse Info
Cause Details
Reports of inability to realize on loans led to reports of financial difficulties and a run by depositors.
Measures
None reported prior to suspension; officers reported bank solvent but could not meet withdrawals.
Newspaper Excerpt
Suspension is the result of failure to realize on loans and a run yesterday, officers said, adding that the bank is solvent.
Source
newspapers
3. February 18, 1921 Receivership
Newspaper Excerpt
Officials said the institution would be taken over by a federal bank examiner. The suspension was the result of failure to realize on loans and a run yesterday.
Source
newspapers
4. February 18, 1921 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officials said suspension resulted from failure to realize on loans and the run the previous day; federal bank examiner took charge.
Newspaper Excerpt
The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner.
Source
newspapers
5. March 2, 1921 Receivership
Source
historical_nic

Newspaper Articles (10)
1. February 18, 1921 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, February 18, 1921

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Article Text

Texas Bank Fails to Open. Ranger, Tex., Feb. 18.-The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, adding that the bank is solvent. In its last report the bank had deposits of $1,500,000 and assets of near' $3,000,000.

2. February 18, 1921 Capital Journal Salem, OR
Article from Capital Journal, February 18, 1921

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Article Text

Eat Prunes Bank Is Closed Ranger, Texas, Feb. 18.-The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, adding that the bank is solvent. In its report the bank had deposits of $1,500,000 and assets of nearly $3,000,000.

3. February 18, 1921 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, February 18, 1921

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Article Text

TEXAS BANK CLOSED. Ranger Texas. Feb. 18.-The Fir:* National bank of Ranger was closed today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, addin that the bank is solvent. In its in report the bank had deposits of $1,500,000 and assets of nearly $3,000,000.

4. February 19, 1921 The New York Herald New York, NY
Article from The New York Herald, February 19, 1921

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Article Text

BANK IN TEXAS SUSPENDS. RANGER. Texas, Feb. 18.-The First National Bank of Ranger did not open to-day. and officials said that the institution would be taken over by a Federal wank examiner. Suspension is the insult of failure to realize on loans and yesterday's run on the bank. its officers said. They declared that the bank was solvent. In its last report it had deposits of $1,500,000 and assets of nearly 3.000.000.

5. February 19, 1921 The Alaska Daily Empire Juneau, AK
Article from The Alaska Daily Empire, February 19, 1921

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Article Text

TEXAS BANK CLOSED. RANGER Tex., Feb. 19. - The First National Bank of Ranger failed to open today and officials said it has been taken over by the Federal Bank Examiner. The suspension was the result of failure to realize on loans and a run yesterGay. Deposits were $1,500,000 according to the last statement.

6. February 19, 1921 The Nenana Daily News Nenana, AK
Article from The Nenana Daily News, February 19, 1921

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Article Text

TEXAS DEPOSITORS CAUSE BANK TO QUIT BUSINESS RANGER, Texas, Feb. 19 -The First National Bank of Ranger, with deposits aggregating half a million dollars, failed to open its doors yesterday and steps have been taken to turn the institution over to the federal bank examiner for an adjustment of its affairs. Reports of financial difficulties, circulated earlier in the week, resulted in a run on the bank on Thursday and there was not sufficient cash on hand to weather the storm. The cause of the bank's trouble, according to officials of the institution, was inability to realize on loans.

7. February 19, 1921 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, February 19, 1921

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Article Text

Texs Bank Closed Ranger. Tex., Feb. 18.-The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, adding. that the bank is solvent. In its last report the bank had deposits of $1,500,000. and assets of nearly $3,000,000.

8. February 19, 1921 New-York Tribune New York, NY
Article from New-York Tribune, February 19, 1921

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Article Text

U. S. Examiner for Texas Bank That Closed Doors After Run RANGER, Tex., Feb. 18.-The First National Bank of Ranger did not open to-day, and officials said the institution would be taken over by a Federal bank examiner, Suspension is the result of failure to rea i 13 and a un on the bank yesterday, officers said. They declared the bank is solvent. In its last report the bank had deposits of $1,500,000 and assets of nearly $3.000,000.

9. February 24, 1921 The Citizen Berea, KY
Article from The Citizen, February 24, 1921

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Article Text

Texas Bank in Trouble. Ranger, Texas.-The First National Bank of Ranger did not open. and officlais said the institution would be taken over by a Federal bank examiner. Suspension is the result of failure to realize on loans and a run on the bank, officers said. They declared the bank is solvent. In its last report the bank had deposits of $1,500,000 and assets of nearly $3,000,000.

10. February 26, 1921 The Seward Gateway Seward, AK
Article from The Seward Gateway, February 26, 1921

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Article Text

Monday FIRST BANK OF RANGER CLOSES ITS DOORS RANMER, Texas, Feb. 21.-The st National bank of Ranger failI to open its doors today. Officials id the federal bank examiner had ten over the suspension as a reof the failure to realize on loan hich started a run on the bank. De osits were a million and a half.