National Bank of Wilkes - Washington, GA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 8848
Charter Number: 8848
Start Date: December 23, 1930
Location: Washington, Georgia (33.737, -82.739)

Metadata

Model: gpt-5-mini
Short Digest: 29016a2a

Response Measures

None

Receivership Details

Depositor recovery rate: 43.8%
Date receivership started: 1931-01-12
Date receivership terminated: 1938-11-22
OCC cause of failure: Governance
Share of assets assessed as good: 32.2%
Share of assets assessed as doubtful: 56.6%
Share of assets assessed as worthless: 11.2%

Description

Multiple AP stories (Dec 23, 1930) report a notice on the door that the National Bank of Wilkes County in Washington, Ga., had been closed pending a meeting of the board of directors. No run or receivership is reported in these articles; the cause of the suspension is not stated. Because the reports only describe a temporary closing pending board action (no evidence of a run or of permanent failure/receiver), I classify this as a suspension with no reported run and no reported receivership; outcome (reopening) is not documented but the wording implies a temporary suspension, so I select suspension_reopening as the most likely category.

Events (3)

1. August 28, 1907 Chartered

Source: historical_nic

2. December 23, 1930 Suspension

Cause Details: Closed by the bank pending a meeting of the board of directors; no cause (run, examiner order, or receivership) specified in articles.
Newspaper Excerpt: A notice on the door of the National Bank of Wilkes county here today said the institution had been closed pending a meeting of the board of directors.
Source: newspapers

3. January 12, 1931 Receivership

Source: historical_nic

Newspaper Articles (7)

1. December 23, 1930 Corsicana Daily Sun Corsicana, TX

Article from Corsicana Daily Sun, December 23, 1930

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PRESIDENT BANKING COMPANY FOUND SHOT TO DEATH IN HOME ADDITIONAL BANKS OVER NATION FAILED TO OPEN TUESDAY BALTIMORE, Dec. 23.-(P)-T. Edward Hambleton, 44, president of the banking firm of Hambleton and company, was found shot death in his home at Luthersuburb, today. Judge William Butler, corgave verdict suicide. was caused by a bullet wound the head. The banker, president in New York, Baltimore and European SOciety, had just returned from big game hunting expedition in during which his wife the former Adelaide McAlpin, daughter of the New York hotel magnate, established in Reno to seek They had been married for 20 years. Mr. Hambleton was said by his friends to have become depressed over his martial difficulties and the death of his brother, John Hambleton, who was killed in an airplane crash year ago. Miami Bank Closes MIAMI, Fla., Dec. The City Bank of Miami Beach, which heavy run following the closing of the City National Bank in Miami, did not open today. Clements, vice-president and cashier said the bank closed the order of state bank examiners to protect its assets. The bank had capital stock of $100,000, surplus $50,000 and deposits of $600,000 at the last call. Two Connecticut Banks Closed HARTFORD, Dec. Hartford banks, the Riverside Trust company, and Palloti Andretta and company, were suspended today by Bank Commissioner Lester Shippee, following runs on both institutions which have been in progress since last July. Pallotti, Andretta and company, control of the Riverside own Trust company. The state for 1930 gave the capital of the Riverside Trust company $400,000, surplus $600,000, undivided profits $244,229, savings deposits $643,805 and commercial deposits Philadelphia Bank Robbed. PHILADELPHIA, Dec. -Several robbers today held the North branch the Plaza Trust company and escaped with about $7000. Alabama Bank Fails. BESSEMER, Dec. City National Bank and the Bessemer Trust and Savings bank failed to open today. Officials said they were acting for the best interests of depositors. Virginia Bank Suspends. RICHMOND, Dec. state division of insurance banking today announced that the Peoples Bank of Gretna, had suspended business. The bank capitalized $50,000 and had deposits of $474,000. O. Ramsey was president. Fall To Enter Vault. AUSTIN, Dec. proved poor excavators last night attempted to dig their when way into the Blanco National Bank at Blanco, according to telephoned information received here. They dug to steel wall envault and then gave closing it up for bad job. Georgia Bank Closed. WASHINGTON, Ga., Dec. (AP)-A notice on the door of the National Bank of Wilkes county here today said the institution had been closed pending a meeting of the board of directors. The bank was capitalized at $50,000 and assets were reported at $400,000. Florida fruit box containing 45 oranges, grapefruit, 20 tangerines, 100 kumquarts, jar fruit preserves. Express prepaid anywhere Growers Packing Company, P. O. Box 282, Tampa, Fla.

2. December 23, 1930 The Evening Sun Baltimore, MD

Article from The Evening Sun, December 23, 1930

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Patridge To Senate Succeeds Late Frank Greene, tion March Two Closed In Hartford [By Associated Press] Hartford, Conn., Dec. Hartford banks, the Riverside Trust Company and Pallotti, Andretta by Bank Commissioner Lester E. Shippee following both institutions which been progress since last July. Pallotti, Andretta Co. control the Riverside Trust Company. The State Manual for 1930 give the capital Riverside Trust Company $400,000, surplus $600,000. undivided profits savings posits $643,805 and commercial posits $3,185,455.10. business Bank Fails To Open United Senator Miami, Dec. 23 City Weeks the the death Bank Miami Beach, which underFrank Greene last WedSenator heavy yesterday following nesday. the closing the City National Bank will until Partridge Miami, did not morning. elected special election Clements, vice-president and called by the Governor today, said the bank closed at the orheld March 31. The Governor also der State bank examiners protect directed special Senatorial held March the regular its assets. mary meeting The bank had capital stock staunch surplus of $50,000 and From 1888 1890 years posits $600,000 the last call. served secretary the Secretary appointed Virginia Bank Shut Down the Department State, and Dec. 23 named special envoy State Division Insurance and Bankpresident the today announced that the People's Company. Bank Gretna. had suspended An examiner from the RITES FOR UNIONTOWN sent charge. WOMAN WEDNESDAY The bank capitalized had deposits of Mrs. Eva Garner Was Active Ramsey was president. Suspension In Georgia Washington, Ga., Dec. notice door of the National Bank Wilkes County here today the institution had been closed pending meeting the board rectors. The bank capitalized and assets were reported $400,000. Two Closed Bessemer City Bank the Bessemer Trust and Savings Bank failed open today and officials issued statements they were "acting for the best interests Officials of the Bessemer Trust Savings Company said the closing institution Dent State Banking SuperClosing the National

3. December 23, 1930 Sun-Journal Lewiston, ME

Article from Sun-Journal, December 23, 1930

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GEORGIA BANK CLOSED WASHINGTON, Georgia, Dec. notice on door the National Bank Wilkes here today said the Institution had been closed pending meeting the board directors. The bank was capitalized and assets were reported at $400,000.

4. December 24, 1930 The Boston Daily Globe Boston, MA

Article from The Boston Daily Globe, December 24, 1930

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Bank Closed In Georgia WASHINGTON, Ga, Dec 23 (A. noice on door the Nationel Bank of Wilkes day said the institution had been meeting of the board of directors. The bank was capitalized $50,000 and assets were reported at $400,000.

5. December 24, 1930 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, December 24, 1930

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NEW YORK BANK CLOSES FOLLOWING HEAVY RUNS NEW YORK, Dec. 23 (AP) The Chelsea Bank and Trust company, small institution patronized mostly by theatrical people, was taken over by State perintendent of Banks Joseph Broderick today following heavy withdrawals. Broderick said he closed the bank to preserve its assets for depositors. The institution operated seven offices It owned the Ohelsea Exchange Safe Deposit company and the Chelsea Exchange corpora ation. securities firm. The Chelsea bank was national and state depository but not a member of either the federal reserve or the New York clearing house It was capitalized at $2,500,000, had deposits of approximately $18,000,000 and total resources of $23,000,000. HARTFORD Conn., Dec 23 (AP) Two Hartford banks the Riverside Trust company and Palotti Andrea & Co., were suspended today by Bank Commissioner Lester E. Shippe following runs on both institutions The state manual for 1930 gave the capital of the Riverside Trust company. incorporated in 1907. as $400 000 surplus $600,000. undivided profits $244. 229.61, savings deposits $643.805 23 and commercial deposits $3,185,455 10. MIAMI, Fla Dec. 23 (AP) The City bank, of Miami Beach. which underwent heavy run yesterday following the closing of the City National bank in Miami, did not open this morning The bank had capital stock of $100,000. surplus of $50,000 and deposits of $600,000 at the last call. WASHINGTON Ga., Dec. 23 (AP) A notice the door of the National Bank of Wilkes county here today said the institution had been closed pending a meeting of the board of directors The bank was capitalized at $50,000 and assets were reported at $400,000 BESSEMER Ala. Dec. 23 City National bank and the Bessemer Trust and Savings bank failed to open for business today and officials issued statements saying they were acting for the best interests of depositors The Bessemer Trust according to its last published report had capital of $60,000 and surplus of $2,000. with de. posits of The City National was capitalized at $100.000. with surplus of $33,630 shown in the last published report and deposits of $800,150 JACKSON Miss. Dec. 23 The Bank of McCool. small Attala county institution. closed its doors today The bank. capitalized at $15,000 car. ried deposits of $100.000 with surplus listed by the banking department at

6. December 24, 1930 Tulsa World Tulsa, OK

Article from Tulsa World, December 24, 1930

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YORK BANK FAILS OPEN ITS DOORS Eight Institutions Closed After Runs, to Save Small Depositors NEW state superintendent of banks, The today took posJoseph of the Chelsea Bank and session Trust Main at Fourth Last shopping day before Christmas! patronized actors and largely the theatrical business It others in apitalized has was of approximately deposits total resources of closing of the bank followed The on the institution which last and continued veloped this Chelsea Bank and Trust company The was founded in 1203 and offices. has When seven notice of Mr. Broderick's action was posted, 300 depositors branch in the Bronx tried to the doors. Santa recommends for cold days storm They swept aside a guard of dozen policemen momentarily. but the latter drew revolvera and drove Children's Zipper Suits crowd back. plate glass the in the bank entrance panel shattered. Several persons in the group were roughly handled. low priced RICHMOND, Va., Dec. 23 (A. for gifts state division of and banking today announced the Peoples Bank of Gretna, Fa., had suspended business. The Mothers of very young was capitalized $50,000 bank morning! tots, to 6 years old, will had deposits of Ramsey was president. appreciate one of these sturdy, warm suede suits. WASHINGTON, Ga., Dec. 23 (A. notice on the door of the They're especially good National Bank of Wilkes county for play because they fastoday said the institution had closed pending a meeting of ten so securely. board of directors. The bank capitalized at $50,000 and asThree piece set, leggings, A marvelous selection of sets were reported at $400,000. blouse and helmet. with HARTFORD, Conn., Dec. 23 (A. knit waistband and cuffs on blouse. Riverside Trust company and PalAndretta were Tan Red pended today by Bank Commissioner Lester E. Shippee, following Green Navy runs on both institutions which been in progress since last Copen Pallotti, Andretta & Co. own control of the Riverside Trust company. The state manual for 1930 the capital of the Riverside Trust company as $400,000. surplus $600,000. undivided profits $244.229. savings deposits $643,805. and commercial deposits $3,185,455.10. BESSEMER. Ala., Dec. 23 (A. City National bank and Bessemer Trust and Savings bank failed to open today. Officials they were "acting for the best interests of depositors. The City bank of Miami Beach, underwent heavy run yesterday following the closing of the City National bank in Miami, did not open this morning. Clements, vice president and cashier. said the bank closed at the order of state bank examiners to protect assets. The bank had stock of $100,000. and deposits of $600,000 at the Madeira embroidery, Italian cut work and burano inserts. choose herself! that started on the Were Now Were Now company yesterday after Well made, with plain 8 sets $15.50 announcement that the Bankers' Trust company had voluntarily edges. 26 8.95 7.17 40 15.95 12.76 sets closed its doors to conserve its as9.95 7.96 16.95 13.56 sets, began to subside today. Suntan Bisque Council of Ministers today proved proopsal prolonging the privilege of issuing currency by the of Italy until December 31. PHILADELPHIA, Dec. 23 (A. The private bank of M. Blitzsteen and company, Fourth Lombard streets, closed its doors account of heavy bank was established in 1888. Its deposits are estimated in of mostly by merchants in the neighborIt operates under exemption the private banking act of 1911 and therefore is under no or other governmental super-

7. December 25, 1930 The Daily Worker Chicago, IL

Article from The Daily Worker, December 25, 1930

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DEPOSITORS Conn. Workers Calls On Small Depositors to Organize Conn., Dec. addressed the positors who were angry because they could withdrew money the Riverside Trust Co. and the Andretta Co., two banks which crashed here Nat Richsection organizer of the Communist Party arrested and placed under bail. Large crowds angry workers lined front of the banks and urged organize to demand the full return of their deposits. Richards immediately jailed and charged with inciting riot. The Riverside Trust Co. had posits of nearly Both these banks were suspended by state bank commissioner. On the same day that the Hartford banks failed Chelsea Bank Trust Co. of New York with branches and deposits of nearly $20,000,000 closed its doors. In the South there whole series bank smashes. The City Bank Miami Beach closed its had deposits The Bank Va., with $474.000 in deposits tional Bank and Bessemer Trust and Savings Bank. on the closed had deposits $570,000. In Washington, Ga., the National Bank of Wilkes County, in deposits smashed. This the record of crashes, which brings the year well over with nearly billion dollars involved.