424. First National Bank (Judsonia, AR)

View Charter #10439 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10439
Charter Number
10439
Start Date
January 27, 1921
Location
Judsonia, Arkansas (35.270, -91.640)

Metadata

Model
gpt-5-mini
Short Digest
2b19a67f

Response Measures

None

Receivership Details

Depositor recovery rate
70.0%
Date receivership started
1920-06-29
OCC cause of failure
Fraud
Share of assets assessed as good
40.4%
Share of assets assessed as doubtful
44.9%
Share of assets assessed as worthless
14.7%

Description

Articles consistently refer to the First National Bank with a receiver (John A. Best and earlier Robt. D. Garrett). No article describes a depositor run; the bank is in receivership and paying dividends, indicating permanent closure and liquidation. Dates reflect newspaper publication dates when the receiver is already in place.

Events (5)
1. September 2, 1913 Chartered
Source
historical_nic
2. June 29, 1920 Receivership
Source
historical_nic
3. January 27, 1921 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; payments suspended and receiver appointed (Robt. D. Garrett, later John A. Best).
Newspaper Excerpt
ROBT. D. GARRETT, Receiver First National Bank
Source
newspapers
4. February 17, 1921 Receivership
Newspaper Excerpt
Receiver Robt. D. Garrett has been succeeded by John A. Best of Penn., as receiver of the First National Bank. Mr. Garrett will leave Friday ... Mr. Best expects to bring his family here.
Source
newspapers
5. June 2, 1921 Other
Newspaper Excerpt
FIRST NATIONAL IS PAYING THIRD DIVIDEND Mr. J. A. Best, Receiver of the defunct First National Bank is this week paying a third dividend.
Source
newspapers

Newspaper Articles (9)
1. January 27, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, January 27, 1921

Click image to open full size in new tab

Article Text

NOTICE Now that the oil boom is upon us, those that are wise are preparing for the great rush that may come to White county. While some buy oil leases and oil stocks others will take the safer course of buying certainties in the form of good mules and horses to meet the demand for hauling and work that comes with an oil field. I have for sale the mules and horses that will be needed and you can buy them now at a reasonable price. Do not wait until the boom ih prices comes but buy while they can be bought. I also have for sale wagons, harness, cultivators, clod busters, seed drills, hay rakes, plows and harrows for use on your farms. Why not buy these used implements instead of paying excessive prices for new ones. If interested see Wm. Crawford and he will show you the stock, etc. I have to offer. ROBT. D. GARRETT, Receiver First National Bank

2. February 3, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, February 3, 1921

Click image to open full size in new tab

Article Text

NOTICE Now that the oil boom is upon us, those that are wise are preparing for the great rush that may come to White county. While some buy oil leases and oil stocks others will take the safer course of buying certainties in the form of good mules and horses to meet the demand for hauling and work that comes with an oil field I have for sale the mules and horses that will be needed and you can buy them now at a reasonable price. Do not wait until the boom ih prices comes but buy while they can be bought. also have for sale wagons, harness, cultivators, clod busters, seed drills, hay rakes, plows and harrows for use on your farms. Why not buy these used implements instead of paying excessive prices for new ones. If interested see Wm. Crawford and he will show you the stock, etc. I have to offer. ROBT. D. GARRETT, Receiver First National Bank

3. February 10, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, February 10, 1921

Click image to open full size in new tab

Article Text

NOTICE Now that the oil boom is upon us, those that are wise are preparing for the great rush that may come to White county. While some buy oil leases and oil stocks others will take the safer course of buying certainties in the form of good mules and horses to meet the demand for hauling and work that comes with an oil field I have for sale the mules and horses that will be needed and you can buy them now at a reasonable price. Do not wait until the boom ih prices comes but buy while they can be bought. also have for sale wagons, harness, cultivators, clod busters, seed drills, hay rakes, plows and harrows for use on your farms. Why not buy these used implements instead of paying excessive prices for new ones. If interested see Wm. Crawford and he will show you the stock, etc. I have to offer. ROBT. D. GARRETT, Receiver First National Bank

4. February 17, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, February 17, 1921

Click image to open full size in new tab

Article Text

JUDSONIA ADVAN Flash light batteries at the Eastland Pharmacy, + t + W. L. Gossett and granddaughter, Eloise Hanson, of Cotton Plant, spent Sunday here with relatives. I have done interior and exterior decorating for some of the most particular people in Judsonia. G. H. Wagner. + + + Miss Beckham, daughter of the Lady Principle at Galloway College. was the guest of Miss Gipsy Woodyard, Sunday. + + t Mrs. Minnie Merritt of Tulsa, Okla., was the guest of Mr. and Mrs. J. M. Herndon thefirst of the week. + 7 7 For Sale-80 acre farm one half mile west of oil well. Can give immediate possession. June Bauer, * Wayne McCauley has gone to Lexington, Mo., where he will teach Military Tactics for the re mainderof the school year. Mrs. Erwin of Bald Knob is spending a few days here keeping house for her father during her mother's absence. * For Sale- Registered BigBone Spotted, Poland-China male. J. R. Sterling, + t 1 Mrs. C. E. Hannah and little daughter, Mary, and James Han nah of Searey visited relatives Saturday and Sunday at Bald Knob. * * Wanted to rent-Unfurnished house with three bed rooms. Inquire John A. Best, Receiver of First National Bank. Harold,VanMeter hasreturned to Hoxie. We understand he is to hold a position as clerk in a fine new hotel being built at Walnut Ridge.,when completed. Willie Hanson is working at the Elite cafe while Everett Mea chem is laying off on account of an infected hand. a We have just unloaded an other car of Yukon's Best frour Why buy an off brand when you can get Yukon's best? Warren and Walter Receiver Robt. D. Garrett has been sucreeded by John A. Best of Penn., as receiver of the First National Bank. Mr. Garrett will leave Friday for Hot Springs where he expects to spend a few weeks before going to Washington, D. C. Mr. Best expects to bring his family here. . 9 ATTENTION- FARMERS Come and give my store a trial. Will sell for a small profit for cash. Will buy your eggs. Yours or business,

5. March 3, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, March 3, 1921

Click image to open full size in new tab

Article Text

her mother, Mrs. Daisy Steadman. t + It is considered very probable that work will be resumed on the oil well about the 15th of this month. * * Strawberry pickers wanted See me at my place one-half mile west of town. Will furnish house. I. M. Holland. + t + E T. Stanfield, vice president of the Arkansas Hydro Electric Company was in town yesterday and today. + + + There will be a pie supper at District 30 school house Saturday night, March 5th for the benefit of the Sunday School. + + 7 I have done interior and exterior decorating for some of the most particular people in Judsonia. G. H. Wagner. >it Mrs. Ben A. Fitzhugh of St. Louis spent Sunday and Monday here at the home of her parents. Mr. and Mrs. F. L. Welton. * Mr. and Mrs. J. K. Jameson and little daughter were visiting Mr. and Mrs. Walker Ladd in Newport Wenesday week ago. We have in transit another car of western prairie hay. At car $20.50 per ton. Leave your orders at the store. Warren and Walter. Mr. and Mrs. J. H. Hesterley have gone to Shreveport, La., after having lived about nine months in Judsonia. + t + Mrs. B. P. Young and little sons are visiting her sisters, Mrs. H. J. Engstrom and Mrs. Athel Woodward in Little Rock this week. t & t For Sale- Registered BigBone Spotted, Poland-China male. J. R. Sterling, + + + We failed to mention last week that Mrs. George Hubach had returned from St. Louis, af er a two weeks visit there with her neice. * See J. D. Lane for berry picking: Aromas and klondikes, all first year's crop, no skips or weeds, just 5 blocks north 01 high school on the Cobb farm. of Rent of house and farm 2 miles out, to exchange for town house in Judsonia. Enquire John A. Best, Receiver First National Bank, Judsonia, Ark. + t When you want that room papered call up J. C. Forbes and he will be glad to show you a line of beautiful 1921 samples, also take your order and do your papering. + + + Mr. Tice left this morning for his home in Ohio to visit relatives and attend to business while the oil well here is shut down. + + + Bring your poultry and eggs to the Goodwin and Jean house, Judsonia. We pays the market price in cash. Bring your furs. The time will soon be up on them.

6. March 10, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, March 10, 1921

Click image to open full size in new tab

Article Text

Miss Flossie Hanson of this place and G W. Lax of Windsor, Ont., were married here Saturday by the Rev. S. C. Vick. t t t Strawberry-piekers wanted - See me at my place one-half mile west of town. Will furnish house. I. M. Holland. t + + Miss Helen Kittler was visiting friends and shopping in Little Rock last Friday. * The ladies of the M. E. South Church will give a food sale at A. W. Henson's store next Saturday, March 12th. + + + I have done interior and exterior decorating for some of the most particular people in Judsonia. G. H. Wagner. * * Mrs. R. C. Mann and sons, Ralph and Thomas, have been visiting relatives in Heber this week. * * is We have in transit another car of western prairie hay. At car $20.50 per ton. Leave your orders at the store. Warren and Walter. Our engine balked on us this week and this is the reason that we are a day late getting the paper cut. t t For Sale- Registered BigBone Spotted, Poland-China male. J. R. Sterling. + + + Mr. Geo. Lax will leave next Monday to return to his home at Windsor, Ont. Mrs. Lax will not leave for about a month yet. See J. D. Lane for berry picking; Aromas and klondikes, all first year's crop, no skips or weeds, just 5 blocks north of high school on the Cobb farm. t t t The revival at the Baptist Church is drawing large crowds. Rev. Bauer and his assistant Mr. Paige are holding a very successful meeting. t + t Rent of house and farm 2 miles out, to exchange for town house in Judsonia. Enquire John A. Best, Receiver First National Bank, Judsonia, Ark. 7 1 1 Mr. Geo. Eaton, manager of the Southwestern Bell Telephone Co., at Searcy, was in town the first of the week on business with T. H. Young. t

7. March 17, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, March 17, 1921

Click image to open full size in new tab

Article Text

in Searcy this week. t t t Paul Bauer returned Saturday from Houston, Tex., where he has been for several weeks, taking treatment. He has resumed his position at the Farmers and Merchants Bank. t + Farm Wanted-Wanted to hear from the owner of farm or good land for sale for fall delivery. L. Jones, Box 551 Olney, Ill. t Mr. George Lax left Tuesday toreturn to Windsor, Ontario, Canada. Mrs. Lax will remain here and continue to hold her position at the Farmers and Mer chants Bank until June 1. A + + FIELD PEAS-Whippoorwill and Brown Crowder at $3.00 per bushel. See me at once. Will ship all that remain unsold next week. June Bauer. of Mrs. John A. Best and childl'en arrived from Wilkes-Barre, Pa., last Friday to join Mr. Best here. They have rooms in the home of Mr. and Mrs. T. J. Lowdermilk. * Rent of house and farm 2 miles out, to exchange for town house in Judsonia. Enquire John A. Best, Receiver First National Bank, Judsonia, Ark. Y of t E. F. Crist, a representative of the International Bible Students Association will speak at Beals Hall, March 20th, Sunday, at 2:30 p. m. Subject-Resur rection. Everybody cordially invited. + The cities of the United States spend an average of $6.00 per capita every year for education, andthe states and private agencies expend an average of $3.00 per capita.

8. June 2, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, June 2, 1921

Click image to open full size in new tab

Article Text

FIRST NATIONAL IS PAYING THIRD DIVIDEND Mr. J. A. Best, Receiver of the defunct First National Bank is this week paying a third dividend. The third dividend is for ten per cent which makes the total paid by the bank SO far fifty per cent. Receipts have been mailed out to all the creditors of the bank and these receipts must De signed in ink, and returned to the bank accompanied by the Receiv er's Certificate when the checks will be issued for the amountof the dividond.

9. June 30, 1921 Judsonia Weekly Advance Judsonia, AR
Article from Judsonia Weekly Advance, June 30, 1921

Click image to open full size in new tab

Article Text

with a difty- foot pole. McRae Progress. I will cc tract all Victor cotton. grown from my seed : 15 cents per pound, all that is picked ed gin ed in S prember Oo to and November. Will sell yo seed and VOE pay from th The following people have each denuted a bench to the park. A. E. Burton, R. A. Yates, B. W. Andrews and Sob. A. W. Henson and So W. W. Gill, L. N. Hoskins, hadds Co B. Fraser T. H. Beals Eastland's Pharmacy, Rhew Mer. Co. Farmers and Merchants Bank, Little and Estes, Woodyard and Felts L. D. Waggoner. W. E. Forbes, S. A Soleman, E. H. Williams, Farmers Union Store, Fruit Growers Assn., G 11. Walter, Prof. McVey, W. J. Cobb W. A. Sander S. B. Humphries, Moseley, Frank Bennett R. L. Helmes Johnson Sisters Huffaker and Orr, Famous Cash Sstore, T. Z. Warren, J. P. Walker, Guy E. Smith, T. G Burge, S. T. Hughes, F. G. Brick Johnson Bros. Shippers Union, Mi Elliott, Paul Dulin, J. A. Overstreet Enterprise Box Co.., J. A. Bauer, H. Young, Henderson Garage, Jim Brown W. H. Start, J. H. Graves L.S. Jennings, T.4 J Kinison, W. W. Edwards C. C. Pyles, R. C. Mann, John White. Yours for a clean town. JOHN WHITE, Mayor I The Receiver of the First Nitional Bank desires the present post office addresses of the following parties whose receipts for dividends have been returned by the post office W. IF. Campbell, Ernest Holt, Mrs. Edna Gower, Jane Antonio, J. T. Porter, Mrs. Lela Sweatt, Georgia Annie Washington, Susie Taylor, A. S. Candlish, Rosa Schmidt Huserman, David Down ie, C: O. Smith, G. H. McCauley, John Dunham. Anyone knowing the present addresses of any of the above is requested to notify the Receiver.