Article Text
Bank Receiver Files Suit on Stockholder W. R King, receiver for the First National bank of Sweetwater, has filed suit against A. E. Pistole, stockholder in the United States district court here. Pistole owned 24 shores of capital
First National Bank (Sweetwater, TX)
Episode Information
- Episode UID
578101584- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
57810national - Charter Number
- 5781
- Start Date
- December 1, 1931*
- Location
- Sweetwater, Texas (32.471, -100.406)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
72aefc5bcedb4641
Response Measures
None
Receivership Details
- Depositor recovery rate
- 57.1%
- Date receivership started
- 1931-12-14
- Date receivership terminated
- 1936-02-28
- Share of assets assessed as good
- 43.8%
- Share of assets assessed as doubtful
- 49.1%
- Share of assets assessed as worthless
- 7.2%
Description
No article describes a depositor run; bank was closed in Dec 1931 and placed in receivership.
Events (4)
1.
April 18, 1901
Chartered
- Source
- historical_nic
2.
December 1, 1931*
Suspension
- Cause
- Government Action
- Cause Details
- Bank closed in December 1931 and put into receivership by authorities.
- Newspaper Excerpt
- Closed Bank Ready To Pay Dividend...receivers of the First National Bank here, closed December 1931.
- Source
- newspapers
3.
December 14, 1931
Receivership
- Source
- historical_nic
4.
September 23, 1932
Receivership
- Newspaper Excerpt
- W. R King, receiver for the First National bank of Sweetwater, has filed suit on stockholder
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Closed Bank Ready To Pay Dividend By Associated Press Sweetwater, March 6.-Coincident with the closing of all banks, receivers of the First National Bank here, December 1931. announced they were ready pay cent dividend, totaling Twenty per cent had been paid previously.