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.
7167. 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
4c79db07
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 1 (Oct 17, 1910) reports the National Bank of Beattyville was suspended with the national bank examiner in charge. Article 2 (May 10, 1911) states the bank was in the hands of a receiver (Receiver Garrett) and is in final wind-up paying dividends—indicating permanent closure and receivership. No run is described.
Events (4)
1.
May 19, 1905
Chartered
- Source
- historical_nic
2.
October 15, 1910
Receivership
- Source
- historical_nic
3.
October 17, 1910
Receivership
- Newspaper Excerpt
- those residing ... 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 dividend of 40 per cent, shortly after the bank was closed and last week 20 per cent was declared. (Richmond Climax, 1911-05-10).
- Source
- newspapers
4.
October 17, 1910
Suspension
- Cause
- Government Action
- Cause Details
- Suspension placed with National Bank Examiner H. Johnston in charge; action by examiner/authority led to suspension.
- 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
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
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.