2913. First National Bank of Lafayette (LaFayette, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Start Date
July 19, 1913
Location
LaFayette, Georgia (34.705, -85.282)

Metadata

Model
gpt-5-mini
Short Digest
7775cb76

Response Measures

None

Description

Articles (dated July 19–21, 1913) report the First National Bank of Lafayette discovered insolvent due to a large shortage/defalcation and closed by a National Bank Examiner, who was appointed temporary receiver. No article describes depositor runs; closure followed discovery of embezzlement and a receiver was appointed.

Events (2)

1. July 19, 1913 Receivership
Newspaper Excerpt
Thomas C. Dunlap as temporary receiver. Examiner Dunlap discovered the shortage and closed the bank today... The examiner has been appointed receiver.
Source
newspapers
2. July 19, 1913 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a large shortage/defalcation in the bank's funds (preliminary estimate not less than $30,000; capital and surplus wiped out) led the examiner and comptroller to close the bank.
Newspaper Excerpt
The First National bank of Lafayette, Ga., failed today on account of a large shortage in its funds. Examiner Dunlap discovered the shortage yesterday and closed the bank today with the authority and approval of the directors.
Source
newspapers

Newspaper Articles (11)

Article from The Evening Times, July 19, 1913

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Article Text

GEORGIA BANK GOES TO WALL Large Shortage in Funds is Discovered-Situation Reported to Justice Dept. Washington, July 19.-The First National bank of Lafayette, Ga., failed today on account of a large shortage in funds. The announcement was made by Thomas P. Kane, acting comptroller, who appointed National Bank Examiner Thomas C. Dunlop as temporary receiver. The extent of the losses is not known but the situation will be reported to the department of justice. Dunlop discovered the shortage and closed the bank today with the authority and approval of the directors. He reported the institution insolvent with the capital and surplus of over $50,000 entirely wiped out.


Article from The Daily Telegram, July 19, 1913

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Article Text

MONEY ALL GONE BANK IS CLOSED Discovery of Its Shortage ReNO APPEAL sults in That Action by An Examiner. (BY ASSOCIATED PRESS, By Secretary MeAdoo and WASHINGTON, July 19.-The First National Bank of Lafayette, Ga., failed Treasury Must Surrender today on account of a large shortage $3,000,000 as Result. in its funds. Announcement was (BY ASSOCIATED PRESS) made today by Thomas P. Kane, actWASHINGTON, July 19.-Secretary ing comptroller of the currency, who McAdoo today decided not to appeal has appointed National Bank Examthe decision of the customs court iner Thomas C. Dunlap, temporary granting free entries of wood pulp receiver. The extent of the losses is and paper to all nations having "favnot yet known but the situation will ored nations" treaties with the Unibe reported to the department of justed States because that privilege is tice. granted to Canada. The treasury deExaminer Dunlap discovered the partment must surrender $3,000,000 shortage yesterday and closed the in duties. bank today with the authority and approval of the directors. The examiner has reported the institution FIELD GUNS insolvent with its capital and surplus of $58,500 being entirely wiped out. Cantured Are Repaired and


Article from Atlanta Georgian, July 19, 1913

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Article Text

BIG THEFT IN GEORGIA BANK Bank at Lafayette Closed by Order of Comptroller of the Currency. WASHINGTON, July 19.-Acting Comptroller of the Currency Kane today announced that the First National Bank, of Lafayette, Ga., has been closed by National Bank Examiner Thomas C. Dunlap, with the authority of the board of directors, on account of a large shortage which makes the bank insolvent. Mr. Kane says he has not received a detailed report of the condition of the bank. Mr. Dunlap has been appointed receiver. "We do not know how big the defalcation may be." said Mr. Kane, "but our preliminary examination has shown that it is not less than $30,000. This shortage has occurred since May 23, when the bank was last examined. Suspicion on the part of officers of the bank several days ago that a shortage existed caused them to call in Examiner Dunlap. Discovery of the embezzlement resulted. "In his telegraphic advices to me Mr. Dunlap does not say to whom suspicion attaches. The last statement of the condition of the bank. issued on June 4, showed the bank to be in a proper state. The president of the bank is R. N. Dickerson, and S. A. Hunt, Jr., is cashier." In a telegram from Mr. Dunlap Mr. Kane is advised that steps have been taken to make an arrest.


Article from Newark Evening Star and Newark Advertiser, July 19, 1913

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Article Text

CLOSES DOORS OF BANK AFTER GOVERNMENT PROBE WASHINGTON July 19.-The First National Bank of Lafayette, Georgia, failed today on account of a large shortage in its funds. Announcement was made today by Thomas P. Kane, acting comptroller of currency, who has appointed National Bank Examiner Thomas C. Dunlap temporary receiver. The extent of the losses is not yet known, but the situation will be reported to the Department of Justice. Examiner Dunlap discovered the shortage yesterday and closed the bank today with the authority and approval of the directors. The examiner has reported the institution insolvent with its capital and surplus of $58,000 being entirely wiped out.


Article from Atlanta Georgian, July 20, 1913

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Article Text

Comptroller of Currency Orders Institution Closed When Defalcation Is Discovered. ARRESTS ARE LIKELY Preliminary Examination Shows That It Has Been Looted of Not Less Than $30,000. WASHINGTON, July 19.-Acting Comptroller of the Currency Kane today announced that the First National Bank of Lafayette, Ga., has been closed by National Bank Examiner Thomas C. Dunlap, with the authority of the board of directors, on account of a large shortage which makes the bank insolvent. Mr. Kane says he has not received a detailed report of the condition of the bank. Mr. Dunlap has been appointed receiver. "We do not know how big the defalcation may be," said Mr. Kane, "but our preliminary examination has shown that it is not less than $30,000. This shortage has occurred since May 23, when the bank was last examined. Suspicion on the part of officers of the bank several days ago that a shortage existed caused the n to call in Examiner Dunlap. Discovery of the embbezzlement resulted. "In his telegraphic advices to me Mr. Dunlap does not say to whom suspicion attaches. The last statement of the condition of the bank, issued on June 4, showed the bank to be in a proper state. The president of the bank is R. N. Dickerson, and S. A. Hunt, Jr., is cashier." In a telegram from Mr. Dunlap Mr. Kane is advised that steps have been taken to make an arrest.


Article from Tulsa Daily World, July 20, 1913

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Article Text

GEORGIA BANK HAS CLOSED ITS DOORS LARGE SHORTAGE IN FUNDS IS CAUSE ASSIGNED for RECEIVERSHIP. WASHINGTON, July 19.-The First National bank of Lafayette, Ga., failed today on account of a large shortage 1.1 its funds. This announcement was made by Thomas P. Kane, acting comptroller of the currency, who has anpointed National Bank Examiner Thomas C. Dunlap as temporary receiver. Examiner Dunlap discovered the shortage vesterday and closed the bank todav with the approval of the directors. The examiner has reported the institution insolvent, its capital and surplus of $58,000 being entirely wiped out.


Article from Atlanta Georgian, July 20, 1913

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Article Text

Comptroller of Currency Orders Institution Closed When Defalcation Is Discovered. ARRESTS ARE LIKELY Preliminary Examination Shows That It Has Been Looted of Not Less Than $30,000. WASHINGTON, July 19.-Acting Comptroller of the Currency Kane today announced that the First National Bank of Lafayette, Ga., has been closed by National Bank Examiner Thomas C. Dunlap, with the authority of the board of directors, on account of a large shortage which makes the bank insolvent. Mr. Kane says he has not received a detailed report of the condition of the bank. Mr. Dunlap has been appointed receiver. "We do not know how big the defalcation may be," said Mr. Kane, "but our preliminary examination has shown that it is not less than $30,000. This shortage has occurred since May 23, when the bank was last examined. Suspicion on the part of officers of the bank several days ago that a shortage existed caused then to call in Examiner Dunlap. Discovery of the embbezzlement resulted. "In his telegraphic advices to me Mr. Dunlap does not say to whom suspicion attaches. The last statement of the condition of the bank, issued on June 4, showed the bank to be in a proper state. The president of the bank is R. N. Dickerson, and S. A. Hunt, Jr., is cashier." In a telegram from Mr. Dunlap Mr. Kane is advised that steps have been taken to make an arrest.


Article from Atlanta Georgian, July 20, 1913

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Article Text

Comptroller of Currency Orders Institution Closed When Defalcation Is Discovered. ARRESTS ARE LIKELY Preliminary Examination Shows That It Has Been Looted of Not Less Than $30,000. WASHINGTON, July 19.-Acting Comptroller of the Currency Kane today announced that the First National Bank of Lafayette, Ga., has been closed by National Bank Examiner Thomas C. Dunlap, with the authority of the board of directors, on account of a large shortage which makes the bank insolvent. Mr. Kane says he has not received a detailed report of the condition of the bank. Mr. Dunlap has been appointed receiver. "We do not know how big the defalcation may be," said Mr. Kane, "but our preliminary examination has shown that it is not less than $30,000., This shortage has occurred since May 23, when the bank was last examined. Suspicion on the part of officers of the bank several days ago that a shortage existed caused the n to call in Examiner Dunlap. Discovery of the embbezzlement resulted. "In his telegraphic advices to me Mr. Dunlap does not say to whom suspicion attaches. The last statement of the condition of the bank, issued on June 4, showed the bank to be in a proper state. The president of the bank is R. N. Dickerson, and S. A. Hunt, Jr., is cashier." In a telegram from Mr. Dunlap Mr. Kane is advised that steps have been taken to make an arrest.


Article from Atlanta Georgian, July 20, 1913

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Article Text

Comptroller of Currency Orders Institution Closed When Defalcation Is Discovered. ARRESTS ARE LIKELY Preliminary Examination Shows That It Has Been Looted of Not Less Than $30,000. WASHINGTON, July 19.-Acting Comptroller of the Currency Kane today announced that the First National Bank of Lafayette, Ga., has been closed by National Bank Examiner Thomas C. Dunlap, with the authority of the board of directors, on account of a large shortage which makes the bank insolvent. Mr. Kane says he has not received a detailed report of the condition of the bank. Mr. Dunlap has been appointed receiver. "We do not know how big the defalcation may be," said Mr. Kane, "but our preliminary examination has shown that it is not less than $30,000. This shortage has occurred since May 23, when the bank was last examined. Suspicion on the part of officers of the bank several days ago that a shortage existed caused then to call in Examiner Dunlap. Discovery of the embbezzlement resulted. "In his telegraphic advices to me Mr. Dunlap does not say to whom suspicion attaches. The last statement of the condition of the bank, issued on June 4, showed the bank to be in a proper state. The president of the bank is R. N. Dickerson, and S. A. Hunt, Jr., is cashier." In a telegram from Mr. Dunlap Mr. Kane is advised that steps have been taken to make an arrest.


Article from The Bemidji Daily Pioneer, July 21, 1913

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Article Text

GEORGIA BANK INSOLVENT Institution Closes Deors Because of Shortage in Its Funds. Washington, July 21.-The First National bank of Lafayette, Ga., failed on account of a large shortage in its funds. Announcement was made by Thomas P. Kane, acting comptroller of the currency, who has appointed National Bank Examiner Thomas C. Dunlap temporary receiver. Examiner Dunlap discovered the shortage and closed the bank with the authority and approval of the directors.


Article from The Madison Daily Leader, July 21, 1913

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GEORGIA BANK INSOLVENT Institution Closes Doors Because of Shortage in Its Funds. Washington, July 21.-The First National bank of Lafayette, Ga., failed on account of a large shortage in its funds. Announcement was made by Thom. as P. Kane, acting comptroller of the currency, who has appointed National Bank Examiner Thomas C. Dunlap temporary receiver. Examiner Dunlap discovered the shortage and closed the bank with the authority and approval of the directors.