First National Bank (Laredo, TX)

View Charter #2486 on SPMC View balance sheet

Episode Information

Episode UID
248601622
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
24860 national
Charter Number
2486
Start Date
February 15, 1935
Location
Laredo, Texas (27.506, -99.508)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
514da38e02604556

Response Measures

None

Receivership Details

Depositor recovery rate
84.3%
Date receivership started
1931-11-30
Date receivership terminated
1935-05-22

Description

OCR 'Lareno' corrected to Laredo; exact closure date not given so additional sources recommended.

Events (4)
1. July 1, 1880 Chartered
Source
historical_nic
2. November 30, 1931 Receivership
Source
historical_nic
3. February 15, 1935 Receivership
Newspaper Excerpt
Freudenstein of Brownsville, receiver for The Merchants National bank, has been appointed receiver for the First National bank of Lareno.
Source
newspapers
4. * Other
Newspaper Excerpt
The Laredo bank closed several years ago.
Source
newspapers

Newspaper Articles (2)
1. October 28, 1907 The Laramie Republican Laramie, WY
Article from The Laramie Republican, October 28, 1907

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Article Text

Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.

2. February 15, 1935 El Heraldo De Brownsville Brownsville, TX
Article from El Heraldo De Brownsville, February 15, 1935

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Article Text

FREUDENSTEIN APPOINTED B. M. Freudenstein of Brownsville, receiver for The Merchants National bank, has been appointed receiver for the First National bank of Lareno. The Laredo bank closed several years ago.