2859. Dawson National Bank (Dawson, GA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4115
Charter Number
4115
Start Date
January 22, 1908
Location
Dawson, Georgia (31.774, -84.447)

Metadata

Model
gpt-5-mini
Short Digest
c601e98a

Response Measures

Full suspension, Books examined

Other: OCR of article is garbled; inferred closure and examiner appointment from text.

Description

1908 article (background) shows previous prosperity. 1932 Atlanta Constitution (poor OCR) reports a run and that the bank was closed and its affairs placed in the hands of the National Bank Examiner/receiver on or about Nov 7, 1932. OCR errors corrected where obvious (This 7th interpreted as Nov 7, 1932; 'bank examiner' and resolution names are garbled). Sequence: run -> closure/placed with examiner (permanent closure/receivership).

Events (4)

1. September 10, 1889 Chartered
Source
historical_nic
2. January 22, 1908 Other
Newspaper Excerpt
The Dawson National declared a semi-annual dividend of 4 per cent. ... Clearing House Certificates Retired. The associated banks of the city have already retired $40,000 of the clearing house certificates issued a few weeks ago, and all checks are now being paid in currency.
Source
newspapers
3. November 7, 1932 Run
Cause
Bank Specific Adverse Info
Cause Details
A run on the bank that it could not meet demands; inability to meet withdrawals led depositors to run
Measures
Notice posted on door; board resolution to place affairs in hands of National Bank Examiner
Newspaper Excerpt
This 7th account run on this bank and its inability to same, is hereordered that closed for the by protection all its depositors
Source
newspapers
4. November 7, 1932 Suspension
Cause
Government Action
Cause Details
Board resolution placed the bank's affairs in the hands of the National Bank Examiner following the run/insolvency
Newspaper Excerpt
Dawson National Bank ... closed. The notice appeared on the door ... its affairs be in the hands of the ... Bank Examiner.
Source
newspapers

Newspaper Articles (2)

Article from The Dawson News, January 22, 1908

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Article Text

NO CHANGE MADE IN HEADS OF THESE INSTITUTIONS. All Have Experienced a Very Prosperous Year. Recent Roosevelt Panic Passing Away, and the Outlook Is Promising. The Dawson banks held their annual meetings last week, and elected their directors and officers for the ensuing year. The showings made by all of them as to the business of the past twelve months furnished gratifying proof of the increasing strength and growing solidity of these useful institutions. The combined capital and surplus of the three banks of Dawson, together with the large deposit accounts, which reach more than half a million dollars, evidence a condition of prosperity that is a sure foretoken of returning confidence, and will do much to encourage and stimulate renewed activity in all lines of business. At a meeting of the stockholders of the Dawson National Bank Tuesday morning all of the old directors were re-elected but one, Mr. E. W. Hollingsworth succeeding his fatherin-law, Judge J. M. Griggs, on the board. The directors chosen are: A. J. Carver, R. L. Saville, W. H. Davis, W. C. Paschal, E. W. Hollingsworth, J. A. Horsley, S. R. Christie, J. A. Chambless and W. F. Locke. The old officers were reelected as follows: A. J. Carver, president; S. R. Christie, vice-president; R. L. Saville, cashier. As before stated, the Dawson National declared a semi-annual dividend of 4 per cent. On the same day the stockholders of the City National Bank met and elected the following directors, H. A. Wilkinson being the only new member of the board: J. R. Mercer, A. J. Baldwin, A. M. Raines, W. A. Davidson, M. C. Edwards, H. A. Wilkinson, T. O. Whitchard, K. S. Worthy, W. A. McLain, H. A. Petty and G. W. Dozier. W. A. McLain was re-elected president. A. M. Raines vice-president, and K. S. Worthy cashier. The City National, on January 1, also declared a semiannual dividend of 4 per cent. No change was made in the official management of the First State Bank, whose stockholders and directors met several days earlier. All of the old officers were re-elected as follows: J. M. Bell president, J. R. Mercer vice-president, and L. C. Hill cashier. Directors: J. R. Mercer, B. B. Perry, J. M. Bell, L. C. Hill, H. A. Wilkinson, H. A. Petty and J. E. Morris. This bank declared an annual dividend of 12 per cent. Clearing House Certificates Retired. The associated banks of the city have already retired $40,000 of the clearing house certificates issued a few weeks ago, and all checks are now being paid in currency. The remainder of the issue yet outstanoing, amounting to $5,00t, will be retired as the bills come into the banks in the regular course of business, and will not be reissued. The certificates served a good purpose at the time


Article from The Atlanta Constitution, November 8, 1932

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Article Text

NATIONAL BANK DOORS EMORY STUDENT WINS ARE CLOSED IN DAWSON DEBATE AT UNIVERSITY DAWSON, Nov. Dawson National Bank, Dawinstitution, formed months by of Dawson National Bank the City National Bank, closed The notice appeared the door the bank "This 7th account run on this bank and its inability to same, is hereordered that closed for the by protection all its depositors that its affairs be in the hands of the the The the By resolution of the board of affairs the hands of the bank are placed in Reed National Bank Examiner. resolution signed by B. The Perry, G. D. Dozier, H. Petty, Brim, R. D. Smith and O. Oxford.