First National Bank - Jenkins, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10062
Charter Number: 10062
Start Date: October 1, 1932*
Location: Jenkins, Kentucky (37.173, -82.631)

Metadata

Model: gpt-5-mini
Short Digest: ef9c7a5c

Response Measures

None

Receivership Details

Depositor recovery rate: 80.3%
Date receivership started: 1932-07-12
Date receivership terminated: 1937-12-22
Share of assets assessed as good: 10.4%
Share of assets assessed as doubtful: 80.1%
Share of assets assessed as worthless: 9.5%

Description

Article (Nov 29, 1932) lists 'First National Bank Jenkins, (receiver)' and RFC loan authorized, indicating the bank was in receivership (closed) and received RFC assistance. No mention of a depositor run prior to suspension; classified as suspension leading to closure/receivership (government action). Date of receivership likely in or before October 1932 when loans were authorized.

Events (3)

1. August 4, 1911 Chartered

Source: historical_nic

2. July 12, 1932 Receivership

Source: historical_nic

3. October 1, 1932* Receivership

Newspaper Excerpt: First National Bank Jenkins, (receiver), $20,350.
Source: newspapers

Newspaper Articles (1)

1. November 29, 1932 The Advocate-Messenger Danville, KY

Article from The Advocate-Messenger, November 29, 1932

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Article Text

KENTUCKY BANKS Lcans Institutions In October Announced. WASHINGTON, D. C., Nov. 29. (INS) Twenty-one Kentucky banks were granted or authorized to borrow loans from the Reconstruction Finance Corporation during October, their report shows They were: Campbellsville, United Loan and Deposit Bank, $6,500. Carrollton, National Bank, $20, 000. Glasgow, First National Bank (receiver), $71,000 authorized. Harlan, First State Bank, $200,000 authorized. Harrodsburg, State Bank and Trust Co., $15,532. Henderson, Ohio Valley Banking and Trust Co., $306,000. Hindman, Bank of Hindman, $13.500. First National Bank Jenkins, (receiver), $20,350. Jonesville, Deposit Bank, $12, 500. Lewisport, Bank of Lewisport, $7,500. Louisa, National Bank, $25,000. Lynch, National Bank, $20,000. National Bank, Morganfield, $34,000. Paintsville, National Bank, $63,500. authorized. Princeton, First National Bank, $60,000. Shelby County Trust & Banking Co., Sulphur, Peoples Bank, $4,000. Verona, Bank, $18,000. Whitesburg, First National Bank (receiver) $71,500. Wilmore, First American Bank, $7,500. Northville, Deposit Bank, $3,000.