Citizens National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12243
Charter Number: 12243
Start Date: January 11, 1932
Location: Harlan, Kentucky (36.843, -83.322)

Metadata

Model: gpt-5-mini
Short Digest: c14bc138

Response Measures

None

Receivership Details

Date receivership started: 1932-01-19
Date receivership terminated: 1932-12-19
Share of assets assessed as good: 47.0%
Share of assets assessed as doubtful: 41.4%
Share of assets assessed as worthless: 11.6%

Description

The article posts the bank's condition 'at the time of suspension on Jan. 11, 1932' and is signed/posted by Receiver Chas. W. Green, indicating the bank suspended and a receiver was appointed. The article gives no description of a depositor run, causes of the suspension, or any reopening.

Events (6)

1. August 10, 1922 Chartered

Source: historical_nic

2. January 11, 1932 Receivership

Newspaper Excerpt: The following statement ... was posted on the door of the Bank by Receiver Chas. W. Green, showing the condition of it the time of suspension on Jan. 11, 1932:
Source: newspapers

3. January 11, 1932 Suspension

Cause Details: Article does not state a specific cause for the suspension (no mention of run, rumors, or government action).
Newspaper Excerpt: showing the condition of it the time of suspension on Jan. 11, 1932: Statement as of suspension, January 11, 1932:
Source: newspapers

4. January 19, 1932 Receivership

Source: historical_nic

5. December 19, 1932 Restored To Solvency

Source: historical_nic

6. January 11, 1933 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 2, 1932 The Harlan Daily Enterprise Harlan, KY

Article from The Harlan Daily Enterprise, March 2, 1932

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Article Text

MADE PUBLIC Assets, Liabilities, $770,903, at Time Of Suspension The following statement of the condition of the Citizens National Bank of Harlan was posted on the door of the Bank by Receiver Chas. W. Green, showing the condition of it the time of suspension on Jan. 11, 1932: Statement as of suspension, January 11, 1932: Assets: Bills receivable $530,349.70 Cash on hand 23,238.27 Assets other than bills receivable, cash on hand $883,043.61 Liabilities: Liabilities unsecured Deposits secured by pledge of assets of bank aggregating as collateral 36,010.97 Rediscounts secured by pledge of assets of bank aggregating None as collateral 14,725.00 Bills payable secured by pledge of assets aggregating 434.70, as collateral 40,000.00 $770,903.80