21250. Citizens National Bank (San Angelo, TX)

View Charter #4659 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4659
Charter Number
4659
Start Date
August 15, 1896
Location
San Angelo, Texas (31.464, -100.437)

Metadata

Model
gpt-5-mini
Short Digest
82e660e6

Response Measures

None

Receivership Details

Depositor recovery rate
91.0%
Date receivership started
1896-09-09
Date receivership terminated
1899-12-02
OCC cause of failure
Losses
Share of assets assessed as good
9.7%
Share of assets assessed as doubtful
29.3%
Share of assets assessed as worthless
61.0%

Description

Newspapers report the Citizens' National Bank of San Angelo 'failed' and 'suspended' in mid-August 1896; a national bank examiner was placed in charge and the Comptroller appointed a receiver on Sept 9, 1896. No article describes a depositor run; the cause appears to be bank-specific insolvency (liabilities $72,000; capital impaired). A receiver later paid a 20% dividend to depositors (July 31, 1897), consistent with liquidation rather than reopening.

Events (6)
1. December 5, 1891 Chartered
Source
historical_nic
2. August 15, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reported as failed with liabilities $72,000 and impaired capital; bank examiner placed in charge.
Newspaper Excerpt
The Citizen's National Bank of San Angelo, Texas. failed to day. Its liabilities are $72,000 and its capital is impaired. Bank Examiner Gannon has been placed in charge.
Source
newspapers
3. August 29, 1896 Other
Newspaper Excerpt
John J. Gannon, national bank examiner. arrived at San Angelo the other day and took charge of the Citizens' national bank, which recently suspended.
Source
newspapers
4. September 9, 1896 Receivership
Source
historical_nic
5. September 9, 1896 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Charles A. Dailey receiver of the Citizens' National bank of San Angelo, Texas.
Source
newspapers
6. July 31, 1897 Other
Newspaper Excerpt
Comptroller of Currency Jos. H. Eckels authorized Chas. A. Daily, receiver of the Citizens' National bank of San Angelo, to pay the depositors of said bank a 20 per cent dividend.
Source
newspapers

Newspaper Articles (11)
1. August 15, 1896 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, August 15, 1896

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Article Text

TELEGRAPHIC BREVITIES. The Chicago Consolidated Iron and Steel Works assigned to-day: liabilities $300,000. The plant is located at Harvey, Ill. Baptiste Abbadie was arrested in New York last night at the request of the New Orleans police, who charge bim with maoslaughter. Abbadie was just about to sail for Europe. Lord Charles Russell, chief justice of England, arrived at New York on the steamship Umbria this morning accompanied by Sir Frank Lockwood. They are to attend a meeting of the American Bar Association at Saratoge. Last night the steamer Oceanica col lided with the propeller Wm. Chisholm in Lake St. Clair, near Detroit, Mich., and both were sunk. The crews of both vessels took to the rigging until help arrived. Failures of three large firms having intimate financial relations occurred today in Chicago, involving liabilities aggregating $320,000. The concerns are George O'Berne, and Company, leather dealers; Henry M. Hosick, one of the best known and oldest wool dealers in the city, and the Chicago and Western soap works. Leader Schoenfeld, of the Brotherbood of Tailors in New York, said today that he expected to call the strike off in a few days as sufficient contractors had signed the new agreement to afford employment for employment for most of the men, and the remainder had found work in co-operative shops The republican State committee met at Raleigh, N. C., this morning and decided to endorse all the populist State nominees save W. A. Guthrie, for gov ernor, and Hal Ayer, for auditor. Resolutions ondorsing McKinley were adopted. Republican headquarters were ordered established there immediately, with Patterson, Holton and Hyams in charge. The open meeting of the republican St ite and national campaign committee was called to order at Columbus, Ohio, this afternoon by Governor Bushnell. The first speaker was Senator Sherman. He was followed by ex Governor Foraker. About 8,000 visitors are in this city, and the streets are full of marching clubs and bands. General Stewart L. Woodford will to-night address himself to Mr. Bryan's Madison Square Garden speech. The meetings will be oeld in a large circus tent, seating 10,000. Chairman Jones, of the democatic national committee, has practically decided upon the members of the campaign committee, and they are likely to be announced to-day. Governor Stone will be at the head, but the Senator will act only as an adviser. The experienced pliticians were in hopes that Mr. Gorman would conduct the campaign. One of the chief reasons why he will not be on the committee is that he will be very busy looking after Maryland. Senator Gorman will prob. ably spend Sunday in Saratoga if Senator Hill will join him there. The New Jersey people's party opened its State convention at Newark to d-y. A platform endorsing the St. Louis populist plat. form and ratifying the nomination of Bryan and Watson will be adopted. Fire was discovered at 3 o'clock this morning in St. Mary's Catholic Church, Beverley, Mass. Two firemen were seriously injured. The building was destroyed. The loss will reach about $25,000. President Cleveland has decided to meet Li Hung Chang on Governor's Island, N. Y., and army salutes will be fired in honer of the distinguished Chinese diplomat on his arrival The Citizen's National Bank of San Angelo, Texas. failed to day. Its liabilities are $72,000 and its capital is impaired. Bank Examiner Gannon has been placed in charge. Mrs. Delia S. Parnell sailed from Philadel. phia for England to-day foran indefinitestay. Mr Bryan will speak in St. Louis some time between September 5 and 10. IRDOD

2. August 16, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 16, 1896

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Article Text

THREE LARGE FAILURES IN CHICAGO. TWO BANKS GO UNDER-THOSE INVOLVED BY S. F. MYERS & CO.'S FAILURE. Chicago, Aug. 15.-Failures of three large firms having intimate financial relations occurred to-day, involving liabilities aggregating $320,000. The concerns are George O'Berne & Co, leather dealers, at No. 401 North Halsted-st., assigned to William L. Gray; Henry M. Hosick, one of the best-known and oldest wool dealers in the city, located at No. 193 Michigan-st., and the Chicago and Western Soap Works, with factory and office at Kingsbury and Superior sts., who assigned to F. S. Goshorn. This last-named concern was formerly known as O'Berne, Hosick & Co., but changed its title in the early part of 1894. The assets of George O'Berne & Co. are placed at $200,000. with liabilities of $125,000. The same figures are given for Henry M. Hosick, while the Chicago and Western Soap Works reports liabilities of $80,000, and makes no statement of assets. The causes of the failures in each case are the same-slowness of collections and the prevailing hard times. Springfield, Ill., Aug. 15.-E. E. Gore, State Bank Examiner, has taken charge of the Peru State Bank, which has suspended operations. The last statement made to the Auditor, dated June 3, showed the bank to be in a solvent condition. On that date it had deposits amounting to $144,500. Its loans and discounts amounted to $168,000. The capital stock of the bank is $25,000. Providence, R. I., Aug. 15.-Providence and Attleboro jowellers are involved to the amount of $100,000 or more in the failure of S. F. Myers & Co., of New-York. About sixty members of the Providence jewellers' Board of Trade had dealings with the firm. Washington, Aug. 15.-The Citizens' National Bank of San Angelo, Tex., capital $100,000, failed today. Its liabilities are $72,000 and its capital is impaired. Bank Examiner Gannon has been placed in charge. Chicago, Aug. 15.-The Chicago Consolidated Iron and Steel Works assigned in the County Court this morning to the Chicago Title and Trust Company. The assets are placed at $300,000. with the liabilities about the same. The plant of the company is located at Harvey, III.

3. August 29, 1896 The American Guide Little Rock, AR
Article from The American Guide, August 29, 1896

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Article Text

In Charge of an Examiner. John J. Gannon, national bank examiner. arrived at San Angelo the other day and took charge of the Citizens' national bank, which recently suspended. -

4. September 10, 1896 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, September 10, 1896

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Article Text

Washington, Sept. 9.-The comptroller of the currency has apointed Charles A. Dailey receiver of the Citizens' National bank of San Angelo, Texas. and Jonathan A. Brown receiver of the Stoux National bank of Stoux City, la.

5. September 10, 1896 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, September 10, 1896

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Article Text

Bank Receivers Appointed. Washington, Sept. 10.-The comptroller of the currency has appointed Chas. A. Dailey receiver of the Citizens' National bank of San Angelo, Tex., and Jonathan A. Brown receiver of the Sioux National bank of Sioux City, Ia.

6. September 10, 1896 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, September 10, 1896

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Article Text

Telegraphic Tersities. Providence, R. I.-Torpedo-Boat, No. 6, was successfully launched from the Herreshoff shops at Bristol. Barcelona.-Fifteen hundred troops embarked on board the steamer Montserrat for the Philliphine Islands. Washington.-Comptroller Eckels appointed Charles A. Dailey receiver of the Citizens' National Bank at San Angelo, Tex. Fort Worth, Tex.-The State Convention of the "Lilywhite" wing of the Republican party met and nominated a full State ticket. Bethlehem, Pa.-The Bethlehem Iron Company's steel-mill shut down for want of orders, over 600 men being thus thrown out of work. Chattanooga, Tenn.-The principal of the Valley Head High School, J. M. Price, died under the surgeon's knife, while undergoing an operation for appendicitis. Christiania.-Dr. Nansen, the Aretic explorer, who recently returned from an expedition in search of the North Pole, arrived on board his vessel, the Fram, and was given a great national reception. Florence, Ala.-Ed. Behler, an ex-moonshiner, who has been acting as a spy for revenue officers, was fatally shot at Hines, Lauderdale county. from ambush, as he rode along the road. Grand Rapids, Mich.-The Democrats and Populists of the Second Congressional District fused on the nomination for congressman and selected George P. Hummer, of Holland, as a candidate. Elwood. Ind -The American tin-plate factory resumed operations, with eleven out of the sixteen mills, and 1,000 men went to work. The other mills will resume operations within a short time, Key West, Fla.-The Three Friends. of Jacksonville, landed a party of six Cubans in the city, among them Dr. Castillo, the vessel being homeward bound after a successful filibustering trip to Cuba. Washington, D. C.-The brig Inca, at Brunswick, Ga., is suspected as about to engage in filibustering operations in Cuba, and the government officials at Brunswick have been instructed to investigate the rumors. Helena, Mont.-The Republican State Convention met, the first test of the strength of the silver and gold forces came on the selection of temporary chairman, and the silver men won by a maority of fifty. Madrid.-A Cabinet council was held, at which Admiral Beranger, Minister of Marine, demanded a credit of 35,000,000 pesetas for the purpose of defraying the expenses of prosecuting the war in Cuba for the month of September. London, England.-The Standard publishes a dispatch from Madrid saying that the Spanish Government has resolved to proceed energetically with measures for the suppression of the risings in the Phillippine Islands and Cuba. Erie, -Every manufacturing establishment in Erie, representing over three million dollars in value, was decorated and flew American flags, and McKinley and Hobart banners, in honor of the convention of Republican clubs. The pilgrimage on Friday morning to Canton, O., will be a monster affair. Newport, R. I.-The torpedo-boats Cushing and Stiletto went aground near the torpedo-station. The Cushing came off at 2:30 o'clock under ner own steam and by the aid of kedge anchors. The Stiletto lies in an easy position, and is likely to float on a rising tide. London, England.-Following is the text of the unanimous note from the various embassies at Constantinople, sent to the Sultan on August 17th: "We regret the events. They ought to cease immediately, otherwise they will bring prejudice upon Turkey and your dynasty." Grand Rapids, Mich. -Senator Henry M. Teller, of Colorado, addressed an audience of 5,000 people in Lockerby Hall, under the auspices of the local silver club. He paid his respects to Washington Hesing, who spoke Tuesday evening, and punctured his gold argument from a silverite standpoint. Athens, Greece.-A number of officers in the Greek army who deserted from their commands and joined the insurgents in the island of Crete, recently returned to Athens and gave themselves up to the military authorities, and decrees have been signed condemning sixteen of them to death. Lancaster, Ky.-Postmaster J. O. Hamilton shot and killed Jim Knox (colored), and accidentally wounded Judge R. A. Burnside, in the court-house. Knox had quarrelled with the postmaster about a loan, and had a pistol in each hand. He snapped one, and Hamilton began firing, killing Knox and wounding the Judge, who was in the line of fire. New York.-The American-Line steamer St. Louis has made a new record for herself between Sandy Hook lightship and

7. September 10, 1896 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 10, 1896

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Article Text

General Notes. WASHINGTON, Sept. 9.-The Controller of the Currency has appointed Charles A. Dailey receiver of the Citizens' National Bank, of San Angelo, Tex., and Jonathan A. Brown receiver of the Sioux National Bank, of Sioux City, Ia. The acting Secretary of the Treasury has accepted the bid of Adam H. Harcus, of Racine, Wis., for the erection of the United States postoffice and custom house at Racine, Wis. The contract price is $44,447. The treasury to-day lost $48,700 in gold coin and $25,800 in bars, which leaves the true amount of the gold, including reported deposits in exchange for currency, $105,174,657. Mr. Ye Pum Chin, the new Corean minister to the United States, with his wife and child, reached Washington this afternoon.

8. September 10, 1896 The Morning Times Washington, DC
Article from The Morning Times, September 10, 1896

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Article Text

Receivers Appointed. Comptroller Eckels has appointed Charles A. Dailey receiver of the Citizens National Bank, at San Angelo, Tex., and Jonathan H. Brown receiver of the Sloux National Bank of Sioux City, Iowa.

9. September 11, 1896 The Morning News Savannah, GA
Article from The Morning News, September 11, 1896

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Article Text

Bank Receiver Appointed. Washington, Sept. 9.-Controller Eckels to-day appointed Charles A. Dailey receiver of the Citizens National Bank at San Angelo, Tex.

10. December 3, 1896 Courier Democrat Langdon, ND
Article from Courier Democrat, December 3, 1896

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Article Text

Washington Talk. The following additional candidates have been admitted to the naval academy as cadets: D. W. Fowler, Iowa; Edwin H. Dodd, Illinois. The comptroller of the currency has appointed Charles A. Dailey receiver of the Citizens' National Bank of Sangelo, Texas, and John A. Brown receiver of the Sioux National Bank of Sioux City, Iowa.

11. August 5, 1897 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, August 5, 1897

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Article Text

San Angelo Bank Dividend. San Angelo, Tex., July 31.-(Special)Comptroller of Currency Jos. H. Eckels authorized Chas. A. Daily, receiver of the Citizens' National bank of San Angelo. to pay the depositors of said bank a 20 per cent dividend.