Article Text
KENTUCKY BANK IS SUSPENDED LEXINGTON, Ky., Oct. 17.-The National Bank of Beattyville, Ky., 103 suspended, and National Bank Examiner H. Johnston is in charge. Deposits aggregating $60,000 are on hand.
6313. National Bank (Beattyville, KY)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 7751
- Charter Number
- 7751
- Start Date
- October 17, 1910
- Location
- Beattyville, Kentucky (37.572, -83.707)
Metadata
- Model
- gpt-5-mini
- Short Digest
da420922adbd5e0d
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1910-10-15
- Date receivership terminated
- 1913-07-23
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 46.9%
- Share of assets assessed as doubtful
- 41.9%
- Share of assets assessed as worthless
- 11.3%
Description
Article (1910-10-17) reports the National Bank of Beattyville was suspended and the National Bank Examiner H. Johnston was in charge. A later article (1911-05-10) states the bank was in the hands of Receiver Garrett, declaring dividends and conducting a final wind-up — indicating the suspension led to permanent closure/receivership. No run is mentioned.
Events (4)
1.
May 19, 1905
Chartered
- Source
- historical_nic
2.
October 15, 1910
Receivership
- Source
- historical_nic
3.
October 17, 1910
Suspension
- Cause
- Government Action
- Cause Details
- Suspended and placed in charge of the National Bank Examiner (examiner in charge).
- Newspaper Excerpt
- KENTUCKY BANK IS SUSPENDED LEXINGTON, Ky., Oct. 17.-The National Bank of Beattyville, Ky., is suspended, and National Bank Examiner H. Johnston is in charge.
- Source
- newspapers
4.
May 10, 1911
Receivership
- Newspaper Excerpt
- Those residing... who have had their deposits up for sometime in the National Bank of Beattyville on account of its being in the hands of a receiver... Receiver Garrett has announced he will in all probability be able to pay them 90 per cent in the final wind-up. He has already declared a divident of 40 per cent, shortly after the bank was closed and last week 20 per cent was declared.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
It Helps. Those residing in this county, who have had their deposits up for sometime in the National Bank of Beattyville on account of its being in the hands of a receiver, will be glad to learn that Receiver Garrett has announced he will in all probability be able to pay them 90 per cent in the final wind-up. He has already declared a divident of 40 per cent, shortly after the bank was closed and last week 20 per cent was declared.