First National Bank (Helena, AR)

View Charter #3662 on SPMC View balance sheet

Episode Information

Episode UID
366201576
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
36620 national
Charter Number
3662
Start Date
April 20, 1931
Location
Helena, Arkansas (34.530, -90.592)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9acd1dcba987cd79

Response Measures

None

Description

Article 3 reports a 5-day suspension on 1931-04-20; Article 2 (from Jan 1931) refers to a previous failure of a First National Bank in Helena, suggesting a history of instability or a different institution.

Events (5)
1. March 29, 1887 Chartered
Source
historical_nic
2. May 28, 1929 Voluntary Liquidation
Source
historical_nic
3. April 20, 1931 Receivership
Newspaper Excerpt
The bank was placed in charge of Cliff Wood, national bank examiner.
Source
newspapers
4. April 20, 1931 Suspension
Cause
Government Action
Cause Details
Suspended for five days by board resolution and placed in charge of a national bank examiner.
Newspaper Excerpt
The First National Bank here suspended for five days today. The suspension was ordered by resolution of the board of directors
Source
newspapers
5. April 16, 1934 Receivership
Source
historical_nic

Newspaper Articles (3)
1. October 28, 1907 The Laramie Republican Laramie, WY
Article from The Laramie Republican, October 28, 1907

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Article Text

Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.

2. 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.

3. 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