Dawson City National Bank (Dawson, GA)

View Charter #6496 on SPMC View balance sheet

Episode Information

Episode UID
649601595
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
64960 national
Charter Number
6496
Start Date
November 7, 1932
Location
Dawson, Georgia (31.774, -84.447)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
148f50d65b1c6a87

Response Measures

Full suspension, Books examined

Other: Bank was closed and its affairs placed in the hands of the Comptroller of the Currency (federal takeover/receivership).

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-11-14
Date receivership terminated
1936-09-15
Share of assets assessed as good
25.3%
Share of assets assessed as doubtful
59.0%
Share of assets assessed as worthless
15.7%

Events (5)
1. November 20, 1902 Chartered
Source
historical_nic
2. November 7, 1932 Receivership
Newspaper Excerpt
the affairs of this bank are placed in the hands of the comptroller of the currency
Source
newspapers
3. November 7, 1932 Run
Cause Details
Article reports a run prompted closure but gives no specific trigger (rumor, correspondent failure, or bank-specific scandal not stated).
Newspaper Excerpt
Resolution, on account of run on this bank and its inability to withstand same, is hereby ordered that it be closed for the protection of all its depositors
Source
newspapers
4. November 7, 1932 Suspension
Cause
Government Action
Cause Details
Board placed affairs in hands of the Comptroller of the Currency following run, effectively suspending operations.
Newspaper Excerpt
its affairs be placed in the hands of the comptroller of the currency
Source
newspapers
5. November 14, 1932 Receivership
Source
historical_nic

Newspaper Articles (2)
1. November 8, 1932 The Macon News Macon, GA
Article from The Macon News, November 8, 1932

Click image to open full size in new tab

Article Text

Bank in Dawson Closes Its Doors Inability to Withstand Run Is Given as Reason son City bank, Dawson's only national banking institution, formed some months ago by mergor of the Dawson National bank and the City National bank, closed its doors Monday morning The following notice appeared on the door of the bank, "this 7th of November, 1932 Resolution, on account of run on this bank and its inability to withstand same, is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the of the currency Signed, B. Perry Hollings Brim, R. D Smith, F Oxford. The following notice also appeared on the door, resolution the board of directors the affairs of this bank are placed in the hands of the comptroller of the currency Reed Dolan, national bank examiner

2. November 8, 1932 The Macon Telegraph Macon, GA
Article from The Macon Telegraph, November 8, 1932

Click image to open full size in new tab

Article Text

Bank in Dawson Closes Its Doors Inability to Withstand Run Is Given as Reason DAWSON Ga., Nov. 7.-The Dawson City National bank, Dawson's only national banking institution, formed some months ago by merger of the Dawson National bank the City National bank, closed its doors Monday morning The following notice appeared on the door the bank, "this 7th of November, 1932 Resolution on account of run bank and its inability to withstand same is hereby ordered that it be closed for the protection of all its depositors and that its affairs be placed in the hands of the comptroller of the currency. Signed, B. Perry, G. D. Dozier, H. A. Petty. E. W.