First National Bank - Barbourville, KY

Episode Information

Episode UID: 626201633
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 62620 national
Charter Number: 6262
Start Date: January 2, 1936
Location: Barbourville, Kentucky (36.866, -83.889)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e6c1eda34562ffa5

Response Measures

None

Description

Article describes liquidation by trustees and dividend payments from collections; exact closure/receivership date not given.

Events (5)

1. May 16, 1902 Chartered

Source: historical_nic

2. May 10, 1934 Voluntary Liquidation

Source: historical_nic

3. January 2, 1936 Other

Newspaper Excerpt: The payment of this dividend will begin THURSDAY, JANUARY 2, 1936, subject to the following rules and upon the conditions stated below.
Source: newspapers

4. * Receivership

Newspaper Excerpt: liquidating the trust ... trustees have secured space in the Union National Bank and have temporarily opened an office there for payment of dividend
Source: newspapers

5. * Suspension

Cause: Voluntary Liquidation
Cause Details: Bank placed in liquidation and ceased normal operations; payments handled by trustees from collections
Newspaper Excerpt: old bank... trustees have secured space in the Union National Bank and have temporarily opened an office there
Source: newspapers

Newspaper Articles (1)

1. December 20, 1935 The Mountain Advocate Barbourville, KY

Article Text

FIRST NATIONAL BANK OF BARBOURVILLE, WILL PAY FROM COLLECTIONS MADE BY THEM IN THE COURSE OF LIQUIDATING THE TRUST A DIVIDEND OF FIFTEEN (15%) PER CENT OF THE FACE AMOUNT OF ALL CERTIFICATES OF PARTICIPATION ISSUED BY THEM AND NOW HELD BY DEPOSITORS AND CREDITORS OF THE OLD BANK. The trustees have secured space in the Union National Bank and have temporarily opened an office there from which this payment will be made. The payment of this dividend will begin THURSDAY, JANUARY 2, 1936, subject to the following rules and upon the conditions stated below: 1. This dividend will be exactly Fifteen (15%) Percent of the face amount of each participation certificate, and payment thereof will be made by check payable to the order of the owner named in the face of the certificate.