7206. First National Bank (Dawson Springs, KY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11548
Charter Number
11548
Start Date
March 15, 1934
Location
Dawson Springs, Kentucky (37.167, -87.693)

Metadata

Model
gpt-5-mini
Short Digest
2181bcd7

Response Measures

None

Receivership Details

Depositor recovery rate
95.3%
Date receivership started
1934-03-14
Date receivership terminated
1938-11-19
Share of assets assessed as good
24.4%
Share of assets assessed as doubtful
73.3%
Share of assets assessed as worthless
2.3%

Description

Articles (March–August 1934) report appointment of R. L. (R. Ross) as national bank receiver by the Comptroller to liquidate the First National Bank of Dawson Springs. No run or depositor panic is described; receiver appointment and subsequent liquidation actions indicate suspension leading to permanent closure/receivership.

Events (5)

1. December 19, 1919 Chartered
Source
historical_nic
2. March 14, 1934 Receivership
Source
historical_nic
3. March 15, 1934 Suspension
Cause
Government Action
Cause Details
Comptroller of the Currency appointed a national bank receiver to liquidate the bank (regulatory action resulting in suspension).
Newspaper Excerpt
R. Ross has been appointed by the comptroller of currency national bank receiver ... His first assignment is the liquidation of the First National Bank of Dawson Springs
Source
newspapers
4. March 16, 1934 Receivership
Newspaper Excerpt
R. L. Ross ... has been appointed by the comptroller of currency as national bank receiver. His first appointment is the liquidation of the First National Bank, Dawson Springs, Ky.
Source
newspapers
5. August 13, 1934 Other
Newspaper Excerpt
R. L. Ross, appointed receiver of the First National Bank, Dawson Springs, has filed suit in circuit court here seeking an order to sell or to compromise the disposition of bonds, warrants and other securities in the liquidation of the institution; unpledged securities ... $160,320.28 and pledged ... $130,750
Source
newspapers

Newspaper Articles (6)

Article from The Mayfield Messenger, March 15, 1934

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Article Text

ROSS IS NAMED BANK RECEIVER R. Ross has been appointed by the comptroller of currency national bank receiver it was nounced here today. Mr. Ross will retain his title as vice president and director of the Exchange Bank and will continue to make Mayfield his home His first assignment is the liqui dation of the First National Bank of Dawson Springs and he starts this task tomorrow morning. stated. Mr. Ross. been associated with the Exchange Bank for sixteen years. is prominently known in banking circles through out this section and his friends today extended congratulations on receiving news of his appointment.


Article from The Paducah Sun, March 16, 1934

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Article Text

R. L. Ross, Mayfield Banker, Appointed MAYFIELD Ky., March 16(Special) R. L. Ross, former cashier of the Exchange Bank, and recently elected vice-president of the institution, has been appointed by the comptroller of currency as national bank receiver. His first appointment is the liquidation of the First National Bank, Dawson Springs, Ky.


Article from The Messenger, March 16, 1934

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Article Text

Mayfield Man Assigned To Dawson Spgs. Bank MAYFIELD. Ky., Mar. Robert L. Ross, vice president and director of the Exchange Bank. was yesterday notified by the controller of currency of his appointment as a national bank receiver. He will retain his title with the Exchange Bank and continue to make Mayfield his home. His first assignment, effective today, will be liquidation of the First National Bank of Dawson Sprngs. Ross, who came here from Calloway county, has been associated with the Exchange Bank for 16 girl. years.


Article from The Times-Leader, March 20, 1934

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Article Text

NEWS FLASHES From COLONELS PLAY Bruno Betzel, Manager; Joe Guyon, Trainer: Bruce Dudley, C-J writer, were in the sports city this afternoon inspecting the local ball and while park; here for game with arranged the Regulars for next Sunday. The Colonel representatives delighted with the Athletic will begin training here Thursday, Mar. 22. The game Sunday, the only holiday contest available for the local club to meet Colonels. but weekday games may be arranged. Clyde Hatter will hurl for the Regulars Sunday, and several of the club members will bolster the Regular line-up. Bruce Dudley will have desk in The Leader office during the Colonels here. The Sunpractice game arranged by Leader day Nominal admisrepresentative. sion charges will prevail. Bank Receiver former cashier of Mayfield Exchange Bank) the and recently elected dent of the institution has been by the comptroller of appointed as national bank currency ceiver. His first appointment Mquidation of the First National Bank, Dawson Springs. Dustless Highways at $300 Mile Indiana farmers are out method of building dustnew at cost of $300 less highways Big Increase Reported Domestic shipments of 10,030 Plymouth cars for the week endMar. the largest single week's shipments in the history of the Plymouth Motor Corp. nine times greater than the same week of last year. Chevie Advertising Manager Appointment of Fisken Advertising Mgr. of Chevrolet Motor Co., recalls his rise from Chevrolet representative in the Janesville more than 10 zone years ago. Chrysler Industry Humming Inside the huge Chrysler Corp modern industry has new, sprung full-grown into being and humming with activity to re-employment. The new industry created manufacture steel seat frames Airflow De Sota autos. for the Enters Auto Business Charley Burnley, for some time Prison guard at Edemployed resigned last week dyville, accept the agency for Chrysler and Plymouth cars in that Kuttawa Lady Appointed left for Washington, Friday with the Governaccept place clerk in the Veterans' ment, as She formerly worked Bureau. bureau. She the the census of the late Dr. Lynn. widow Speaks At Paducah Logan Logan, of the Warden Tom State guest Eddyville Father and Son speaker banquet 400 Paducah MonMar. The warden day night, has been invited back. Ingram Lester, Ingram Lester. 18, son Mr. and Lester of Lamasco, has won fame the football team of the deaf school at His center has ville. play been such as to merit selection on the All-American team from similar institutions the tion. He weighs 150 lbs Financial Code Signed legislative bill whose sponclaimed would bring deal' in the state's financial became law Saturday Governor affixed his signature.


Article from The Messenger, August 13, 1934

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Article Text

Bank Receiver Seeks To Sell Bonds, Securities R. L. Ross, appointed receiver of the First National Bank, Dawson Springs, has filed suit in circuit court here seeking an order to sell or to compromise the disposition of bonds, warrants and other securities in the liquidation of the institution. The unpledged securities sought to be sold or to be disposed of total $160,320.28 and the pledged securities amount to $130,750, the petition recites. Court permission is asked to sell the securities at a private or public sale for the best price obtainable consistent with the market value on the date or dates of sales. Charles G. Franklin, attorney for the bank, filed the action.


Article from Henderson Morning Gleaner, August 15, 1934

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Article Text

Bank Receiver Seeks Court Sale Approval ing to Evansville tomorrow and MADISONVILLE. Ky., Aug. 14.you know that the lawn mower R.L. Ross, receiver of the First Na is dull and mother's scissors and tional bank, Dawson Springs, has knives need sharpening and that filed suit in circuit court here asklock needs kev and the old gun isn't working right. We will take ing the court's permission to sell them all to A. I. Miller and get unpledged securities valued at them all fixed up. A. I. Miller, $150,320,750 in the liquidation of 15 S E. Third St., Evansville, the institution. 8-17