National Bank - Tifton, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8350
Charter Number: 8350
Start Date: January 1, 1929*
Location: Tifton, Georgia (31.450, -83.508)

Metadata

Model: gpt-5-mini
Short Digest: 8ad6f0dc

Response Measures

None

Receivership Details

Depositor recovery rate: 54.5%
Date receivership started: 1930-04-12
Date receivership terminated: 1934-08-06
OCC cause of failure: Governance
Share of assets assessed as good: 45.6%
Share of assets assessed as doubtful: 37.1%
Share of assets assessed as worthless: 17.3%

Description

Article (The Atlanta Journal, 1932-01-28) states the National Bank of Tifton is 'defunct' and has a receiver (Hiatt) paying dividends; bank closed three years earlier (≈1929). No run is mentioned. Classified as a suspension that resulted in permanent closure/receivership.

Events (4)

1. September 1, 1906 Chartered

Source: historical_nic

2. January 1, 1929* Suspension

Cause Details: Not specified in article; only says bank is defunct and closed three years prior (no explicit cause given).
Newspaper Excerpt: the defunct National Bank of Tifton ... closed three years
Source: newspapers

3. April 12, 1930 Receivership

Source: historical_nic

4. January 28, 1932 Receivership

Newspaper Excerpt: Hiatt, receiver for the defunct National Bank of Tifton, this week announced that 10 per cent dividend was ready to be to depositors.
Source: newspapers

Newspaper Articles (1)

1. January 28, 1932 The Atlanta Journal Atlanta, GA

Article from The Atlanta Journal, January 28, 1932

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Article Text

Bank Pays Dividends TIFTON, Ga. Jan. S. Hiatt, receiver for the defunct National Bank of Tifton, this week announced that 10 per cent dividend was ready to be to depositors. This is the third paid dividend declared since the closed three years and the dividends total 40 per cent. Receiver that there would be at least one more dividend paid.