384. 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
3ba86b50

Response Measures

None

Description

The April 20, 1931 article reports the First National Bank of Helena suspended operations for five days by board resolution and gives no reason; no run or permanent closure is mentioned. An earlier article (Jan 25, 1931) references a past failure/shortage connected with the First National Bank but gives no clear date for that earlier event; included as an 'other' historical note.

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; the announcement gave no reason.
Newspaper Excerpt
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
Source
newspapers
4. April 16, 1934 Receivership
Source
historical_nic
5. * Other
Newspaper Excerpt
the fall here 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 penitent thousand dollars shortage 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