Llano National Bank (Llano, TX)

View Charter #5853 on SPMC View balance sheet

Episode Information

Episode UID
585301505
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
58530 national
Charter Number
5853
Start Date
May 8, 1925
Location
Llano, Texas (30.759, -98.675)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
131afa7f62a6eb10

Response Measures

None

Receivership Details

Depositor recovery rate
43.4%
Date receivership started
1923-04-18
Date receivership terminated
1929-10-31
OCC cause of failure
Governance
Share of assets assessed as good
26.5%
Share of assets assessed as doubtful
40.5%
Share of assets assessed as worthless
33.1%

Description

OCR shows 'Llanc National' which is almost certainly 'Llano National'; article indicates a receiver was active.

Events (3)
1. June 7, 1901 Chartered
Source
historical_nic
2. April 18, 1923 Receivership
Source
historical_nic
3. May 8, 1925 Receivership
Newspaper Excerpt
Sam D. Young, receiver of the Llanc National Bank, was awarded judgment for $4,000.
Source
newspapers

Newspaper Articles (2)
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. May 8, 1925 The Austin American Austin, TX
Article from The Austin American, May 8, 1925

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Article Text

BANK RECEIVER AWARDED FEE Young Gets $4,000 For Work In Llanc National. Sam D. Young. receiver of the Llano National Bank, was awarded judgment for $4,000. Interest en that amount since July 2. 1933, and costs of the case, in a suit against J. C. Stribling. by Julye Duval West in féderal district court yesterday Stribling did appear but agreed in writing to submit to the court's judgment.