Dawson City National Bank

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: 13d52dae

Response Measures

Full suspension

Other: Bank placed in hands of the Comptroller of the Currency (federal receivership).

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

Article states a run occurred and the bank was closed 7 Nov 1932 with its affairs placed in the hands of the Comptroller of the Currency — closure/receivership following a run.

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. Signed, B. Perry, G. D. Dozier, H. A. Petty. E. W.
Source: newspapers

3. November 7, 1932 Run

Cause Details: Article only reports a run; no specific trigger (rumor, correspondent failure, or bank-specific scandal) is given.
Measures: Bank closed for the protection of depositors; affairs placed in hands of Comptroller of the Currency.
Newspaper Excerpt: 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
Source: newspapers

4. November 7, 1932 Suspension

Cause: Government Action
Cause Details: The bank was closed by resolution and its affairs placed in the hands of the Comptroller of the Currency.
Newspaper Excerpt: closed its doors Monday morning ... Resolution on account of run ...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 (1)

1. November 8, 1932 The Macon Telegraph Macon, GA

Article from The Macon Telegraph, November 8, 1932

Click image to open full size in new tab

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.