First National Bank - Bardwell, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8331
Charter Number: 8331
Start Date: January 27, 1932
Location: Bardwell, Kentucky (36.871, -89.010)

Metadata

Model: gpt-5-mini
Short Digest: a78f4493

Response Measures

None

Receivership Details

Depositor recovery rate: 64.0%
Date receivership started: 1932-03-04
Date receivership terminated: 1936-11-30
Share of assets assessed as good: 62.1%
Share of assets assessed as doubtful: 28.7%
Share of assets assessed as worthless: 9.2%

Description

The First National Bank of Bardwell closed in late January 1932 (articles give Jan 27 and Jan 28). An April 12, 1932 article reports plans to re-open, but a 1933 article shows the bank was in receivership and the receiver was suing on notes — indicating the bank did not successfully resume long-term operations. No run is mentioned in the articles; cause of suspension not stated in the texts.

Events (5)

1. August 17, 1906 Chartered

Source: historical_nic

2. January 27, 1932 Suspension

Cause Details: Bank closed on January 27/28, 1932; article provides no reason for suspension.
Newspaper Excerpt: Plans are being perfected for the re-opening of the First National Bank, which closed January 27.
Source: newspapers

3. March 4, 1932 Receivership

Source: historical_nic

4. April 12, 1932 Other

Newspaper Excerpt: Plans are being perfected for the re-opening of the First National Bank ... The capital has been subscribed and it is expected the bank will be re-opened in a short time.
Source: newspapers

5. June 9, 1933 Receivership

Newspaper Excerpt: Jeff H. Hooker, receiver of the First National Bank of Bardwell, which closed January 28, 1932, has filed suit ... to recover judgments against twelve persons on promissary notes ...
Source: newspapers

Newspaper Articles (2)

1. April 12, 1932 The Paducah Sun Paducah, KY

Article from The Paducah Sun, April 12, 1932

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Article Text

Bardwell Bank Soon To Re-Open BARDWELL KY., April 12 (Special)-Plans are being perfected for the re-opening of the First National Bank, which closed January 27. The capital has been subscribed and it is expected the bank will be re-opened in a short time.

2. June 9, 1933 The Paducah Sun Paducah, KY

Article from The Paducah Sun, June 9, 1933

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Article Text

Bank of Bardwell Receiver Sues to Collect on Notes Jeff H. Hooker, receiver of the First National Bank of Bardwell, which closed January 28, 1932, has filed suit in United States district court to recover judgments against twelve persons on promissary notes alleged due in amounts varying from $20 to $245. Goldbloom The petition was filed by Attorney R. L. Myre, attorney for COFFEE the bank receiver. The following judgments are sought: F. W. Turk, R. Bard, R. C. Evans $245; F. W. Turk, R. C. Evans, Nolen Turk, J. R. Bard, $200; R. C. Evans, F. W. Turk, M. E. Anderson, $87.50; R. C. Evans, M. E. Anderson, F. W. Turk, $192.50; R. C. Evans, F. W. Turk, M. E. Anderson, and L. W. Walston, $125; Laura Ballow, R. L. Ballow, F. W. Turk, $20.89; B. F. West, J. R. Bard, F. W. Turk, G. H. Bard, $50; J. A. Munsell, J. A. Terry, and F. W. Turk, $52.