2408. Dawson City National Bank (Dawson, GA)

View Charter #6496 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
6496
Charter Number
6496
Start Date
November 7, 1932
Location
Dawson, Georgia (31.774, -84.447)

Metadata

Model
gpt-5-mini
Short Digest
35841c38832b9a18

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-11-14
Date receivership terminated
1936-09-15
Share of assets assessed as good
25.3%
Share of assets assessed as doubtful
59.0%
Share of assets assessed as worthless
15.7%

Description

Articles (dated Nov 7, 1932) report a run on the Dawson City National Bank; the bank closed, posted a notice citing inability to withstand the run, and placed its affairs in the hands of the Comptroller of the Currency. That indicates a run leading to suspension and placement with federal authorities (permanent closure/receivership). OCR minor errors corrected (e.g., 'son City bank' -> 'Dawson City bank').

Events (5)
1. November 20, 1902 Chartered
Source
historical_nic
2. November 7, 1932 Receivership
Newspaper Excerpt
its affairs be placed in the hands of the comptroller of the currency
Source
newspapers
3. November 7, 1932 Run
Cause Details
Heavy withdrawals / run on the bank led to inability to continue operations; article does not specify trigger (no specific rumor or other bank failure cited).
Measures
Bank closed doors and posted notice; affairs placed in hands of Comptroller of the Currency.
Newspaper Excerpt
Resolution, on account of run on this bank and its inability to withstand same
Source
newspapers
4. November 7, 1932 Suspension
Cause Details
Board resolved to close the bank because it could not withstand the run; affairs turned over to the Comptroller of the Currency (federal control/receivership).
Newspaper Excerpt
is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the comptroller of the currency
Source
newspapers
5. November 14, 1932 Receivership
Source
historical_nic

Newspaper Articles (2)
1. November 8, 1932 The Macon News Macon, GA
Article from The Macon News, November 8, 1932

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Article Text

Bank in Dawson Closes Its Doors Inability to Withstand Run Is Given as Reason son City bank, Dawson's only national banking institution, formed some months ago by mergor of the Dawson National bank and the City National bank, closed its doors Monday morning The following notice appeared on the door of the bank, "this 7th of November, 1932 Resolution, on account of run on this bank and its inability to withstand same, is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the of the currency Signed, B. Perry Hollings Brim, R. D Smith, F Oxford. The following notice also appeared on the door, resolution the board of directors the affairs of this bank are placed in the hands of the comptroller of the currency Reed Dolan, national bank examiner

2. November 8, 1932 The Macon Telegraph Macon, GA
Article from The Macon Telegraph, November 8, 1932

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Article Text

Bank in Dawson Closes Its Doors Inability to Withstand Run Is Given as Reason DAWSON Ga., Nov. 7.-The Dawson City National bank, Dawson's only national banking institution, formed some months ago by merger of the Dawson National bank the City National bank, closed its doors Monday morning The following notice appeared on the door the bank, "this 7th of November, 1932 Resolution on account of run bank and its inability to withstand same is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the comptroller of the currency. Signed, B. Perry, G. D. Dozier, H. A. Petty. E. W.