Planters National Bank (Honey Grove, TX)

View Charter #4112 on SPMC View balance sheet

Episode Information

Episode UID
411201530
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
41120 national
Charter Number
4112
Start Date
June 1, 1927*
Location
Honey Grove, Texas

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cbf099671ab2f65f

Response Measures

None

Receivership Details

Depositor recovery rate
80.5%
Date receivership started
1926-12-06
Date receivership terminated
1932-06-16
OCC cause of failure
Economic conditions
Share of assets assessed as good
44.3%
Share of assets assessed as doubtful
44.1%
Share of assets assessed as worthless
11.6%

Description

Article states the bank recently closed and is paying partial dividends; no run is mentioned.

Events (3)
1. September 6, 1889 Chartered
Source
historical_nic
2. December 6, 1926 Receivership
Source
historical_nic
3. June 1, 1927* Suspension
Cause Details
Article gives no reason for closure; mentions partial dividends being paid June 1.
Newspaper Excerpt
Both banks recently closed their doors.
Source
newspapers

Newspaper Articles (2)
1. October 28, 1907 The Laramie Republican Laramie, WY
Article from The Laramie Republican, October 28, 1907

Click image to open full size in new tab

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. June 9, 1927 Fort Worth Star-Telegram Fort Worth, TX
Article from Fort Worth Star-Telegram, June 9, 1927

Click image to open full size in new tab

Article Text

DEPOSITORS OF 2 CLOSED BANKS ARE PARTLY PAID GREENVILLE. June First dividends amounting 40 and 30 cent are being paid of the Planters National Bank. Honey Grove. and the Citizens National Bank. Petty. respectively. R. R. Caldwell national bank at his head quarters here today. Both banks recently closed their doors.