358. First National Bank (Helena, AR)

View Charter #3662 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3662
Charter Number
3662
Start Date
April 20, 1931
Location
Helena, Arkansas (34.530, -90.592)

Metadata

Model
gpt-5-mini
Short Digest
c5557e63b4e01fde

Response Measures

None

Description

Article from April 20, 1931 reports the First National Bank of Helena suspended operations for five days by board resolution and places an examiner in charge — a temporary suspension that implies an intended resumption. A separate January 1931 item mentions a past shortage/earlier failure involving the same bank but does not describe a new run or receivership in April. No explicit run is described in the supplied articles.

Events (5)
1. March 29, 1887 Chartered
Source
historical_nic
2. May 28, 1929 Voluntary Liquidation
Source
historical_nic
3. April 20, 1931 Suspension
Cause Details
Board of directors ordered a five-day suspension by resolution; no reason given in article.
Newspaper Excerpt
NATIONAL BANK SUSPENDS TODAY ... The First National Bank here sus- ... The suspension was ordered by resolution of the board of directors ... The bank was placed in charge of Cliff Wood, bank examiner ... suspension for five days today.
Source
newspapers
4. April 16, 1934 Receivership
Source
historical_nic
5. * Other
Newspaper Excerpt
The shortage, when discovered, ... the failure of the First National Bank in which Gordon was official ... a shortage of ten thousand dollars at that time.
Source
newspapers

Newspaper Articles (2)
1. January 25, 1931 The Commercial Appeal Memphis, TN
Article from The Commercial Appeal, January 25, 1931

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Article Text

BANKER MAKES BOND. HELENA. Ark., Jan. teller the closed Interstate National Bank. who yesterday charged shortage money, has made 000, his appearance March term federal court H. H. prominent physician, and Lafe Solomon, farm. business man, signed the The shortage. when discovered. here the fallhere several years ago of the First National Bank in which Gordon was official. large portion of the shortage is said the to been at the former the National the time of the failure of the ter Clifford. was given penitenthousand dollars shortage at that time.

2. April 20, 1931 The Daily World Helena, AR
Article from The Daily World, April 20, 1931

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Article Text

NATIONAL BANK SUSPENDS TODAY Ark., April The First National Bank here sus- The for five days today. suspension pended was ordered by resolu- Satboard of directors of the night. for the temannouncement closing gave no reason The bank was placed action. Cliff Wood, national charge of bank The examiner. bank was organized in presi- 1901. are M. C. Malone, officers Malone, vice president, G. cashier. and The Tom Bank of Waldron, the reported only the city, was left in sound condition. National capitalizFirst last statement Its $25,000. of $236,352 total resources and surplus of of