Belton National Bank (Belton, TX)

Episode Information

Episode UID
750901607
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
75090 national
Charter Number
7509
Start Date
November 15, 1933
Location
Belton, Texas (31.056, -97.464)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
04be145d7f622fe4

Response Measures

None

Receivership Details

Depositor recovery rate
73.7%
Date receivership started
1933-11-13
Date receivership terminated
1937-12-30
Share of assets assessed as good
56.2%
Share of assets assessed as doubtful
28.7%
Share of assets assessed as worthless
15.1%

Description

Comptroller-appointed receiver to liquidate assets; assets were not purchased by local Farmers' National Bank.

Events (4)

1. December 12, 1904 Chartered
Source
historical_nic
2. November 13, 1933 Receivership
Source
historical_nic
3. November 15, 1933 Receivership
Newspaper Excerpt
appointment of P. L. Downs Jr of Temple as receiver for the Belton National bank of this city, to liquidate the assets the Belton National bank were not purchased by the Farmers' National bank of Belton
Source
newspapers
4. November 15, 1933 Suspension
Cause
Government Action
Cause Details
Comptroller of the Currency appointed a receiver to liquidate the bank's assets
Newspaper Excerpt
appointment of P. L. Downs Jr of Temple as receiver for the Belton National bank ... to liquidate the assets
Source
newspapers

Newspaper Articles (2)

Article from The Laramie Republican, October 28, 1907

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Article Text

Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.


Article from The Waco Times-Herald, November 15, 1933

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Article Text

DOWNS CHOSEN BANK RECEIVER Wire From J. F. T. O'Conner, Comptroller of Currency, Confirms Belton Appointment BELTON, Nov. 15.-(Spl)-Wire advices Tuesday from T. O'Conner, comptroller of the currency at Washington, announcing the appointment of P. L. Downs Jr of Temple as receiver for the Belton National bank of this city, to liquidate the assets the Belton National bank were not purchased by the Farmers' National bank of Belton Downs was indorsed by United States Senators Tom Connally and Morris Sheppard. Downs recently returned from he served as representative the comptroller currency special examnational banks He has inations years' experience the banking business in Bell county and the local people and acquainted He has been business the public and very affairs of the county for number of Mr. Downs graduate of Texas and col. lege and is member of the board of directors of the college at this He assumed his duties Tuesday and office Farmers tional cashier Belton National bank has had charge the assets the bank as and his term expired the close of business Monday He will engage in another line of business TEMPLE OFFICE OPENED WEDNESDAY Tax Collector E. Warren open an office the Municipal building in Wednesday morning to collect taxes in Temple and the Temple territory without the necessity the coming the supply were taken Temple also so that registration of automobiles can on Dec. and continue the Temple office until it moved back Belton on Feb. An office for registering automobiles maintained another after the regular office is discontinued. Mr. Warren said. The office is being opened on Nov. allow time for the payment of half taxes before Nov. which the last day making the first half payment, where the payments are split. years and continue as deputy collector the automobile license Tax Collector Warren said that will the cated by Riley to Keifer Marshall, who has worked for him during the winter months for the past several years. Marshall will be charge the Temple beginand will remain Temple until when he will return to the Belton office. permanently. LANE SUIT IS RETURNED TO BELL COURTS Nov. The E. Lane vs. the Community Natural Gas company was ordered to Bell district court trial when called the United district court where sent several months petition filed move from county to the federal court giving notice to the attorney for the plaintiff The filed by discourt, asking for damages from the company account the death of his who was alleged have been killed when accumulated gas ignited and exploded in apartment when match was struck to light an oil The Lane's were using gas and had not had in their to the petition the Mr. Lane asked damages on the account of the death