First National Bank (Paragould, AR)

Episode Information

Episode UID
684601294
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
68460 national
Charter Number
6846
Start Date
October 28, 1907
Location
Paragould, Arkansas

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a74a1f1c2cc80c6d

Response Measures

None

Description

Article from 1928 refers to a 'First National Bank receiver,' indicating the bank had been closed and placed in receivership; timing and cause not specified in provided articles.

Events (5)

1. June 20, 1903 Chartered
Source
historical_nic
2. October 28, 1907 Other
Newspaper Excerpt
Acting Governor Filson today issued a proclamation closing the banks of the territory for one week ... consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas ... all have taken similar action. The closing is for the purpose of protecting the banks in case of a run
Source
newspapers
3. March 20, 1928 Voluntary Liquidation
Source
historical_nic
4. December 1, 1928 Receivership
Newspaper Excerpt
the suit of the First National Bank receiver against D. M Cooley ... judgment was given the plaintiff ... Cooley alleges ... before the bank closed Judgment was given at a recent term of U. S. court in the case, but a new trial was granted ... IN THE CHANCERY COURT OF GREENE ARKANSAS The New First National Bank of Para- WARNING ORDER ... by FLORA SEAY
Source
newspapers
5. * Suspension
Cause Details
Bank had closed and a receiver appointed; specific trigger for suspension not stated in the article.
Newspaper Excerpt
the suit of the First National Bank receiver against D. M Cooley ... Cooley alleges that he was not liable on grounds that the stock had been transferred ... before the bank closed
Source
newspapers

Newspaper Articles (2)

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.


Article from Paragould Daily Press, December 1, 1928

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Article Text

the employ of the company, ended U. S court shortly before noon yesterday when a jury returned a verdict awarding him $225 In the suit of the First National Bank receiver against D. M Cooley, seeking collection of double assessment judgment was given the plaintiff for Cooley alleges that he was not liable on grounds that the stock had been transferred to C. A. Craig and R. E Fuhr before the bank closed Judgment was given at a recent term of U. S. court in the case. but a new trial was granted the lock of Rehmeyer's hair was evolved by Blymere, who was paid $10 on account of a $40 fee Rehmeyer's body was found yesterday by Oscar Glatfelter. a neighbor who heard a mule braying Going to the barn. he found the mule had not been fed. He went to the house and found Rehmeyer's charred body tossed up and lying among the ashes on the floor The confessions of the youths later revealed the man had been dead since Tuesday Minnesota is the Sioux word for cloudy or smoky water Th fox can bleat like a lamb and mew like cat. IN THE CHANCERY COURT OF GREENE ARKANSAS The New First National Bank of Para- WARNING ORDER The Thompson and H. Lloyd hereby warned to appear the Chancery Court within thirty and the complaint plainGiven under hand and Clerk seal as of the Chancery Court within and for Greene, on day November 1928 EDGAR SEAY By FLORA SEAY Try Daily Press Classified Ad.