First National Bank - Oberlin, LA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11324
Charter Number: 11324
Start Date: November 17, 1933
Location: Oberlin, Louisiana (30.620, -92.763)

Metadata

Model: gpt-5-mini
Short Digest: 7a6fac4c

Response Measures

None

Receivership Details

Depositor recovery rate: 51.8%
Date receivership started: 1933-08-23
Date receivership terminated: 1940-01-30
Share of assets assessed as good: 35.9%
Share of assets assessed as doubtful: 41.3%
Share of assets assessed as worthless: 22.8%

Description

OCR of the article is poor but clearly states a receiver for the First National Bank in Oberlin and mentions a successor receiver (O. Wayne) arriving from Baton Rouge. No mention of a prior depositor run or reopening; the presence of a receiver indicates closure/receivership (government action).

Events (4)

1. March 29, 1919 Chartered

Source: historical_nic

2. August 23, 1933 Receivership

Source: historical_nic

3. November 17, 1933 Other

Newspaper Excerpt: First National Bank receiver ... succeeded by O. Wayne arrived ... from Baton Rouge
Source: newspapers

4. November 17, 1933 Receivership

Newspaper Excerpt: D. been Coleman First National Bank receiver of the his succeeded by O. Wayne arrived ... returned to take the 1933 assessment ... accompanied ... He was Hon. David Cole, represen-
Source: newspapers

Newspaper Articles (1)

1. November 17, 1933 The Town Talk Alexandria, LA

Article from The Town Talk, November 17, 1933

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Article Text

OBERLIN NEWS Nov. had as her Daily mother, Mrs. this her Mrs. FirMrs. and of Ben motored to Gladys Miss short Charles Lake been quite several days at his the reported as of improving. of BaProf. were town Mrs. Dailey of D. been Coleman First National Bank receiver of the his succeeded by O. Wayne arrived of of work. of taken assessor, has from Baton Rouge, where returned to take the 1933 assessment by the state authoraccompanied on the He was Hon. David Cole, represen- Johnson Tries to Allay Discontent in His Office WASHINGTON, Nov. 17 P.)-Hugh Johnson, having attempted allay discontent among NRA employes by promisto correct today greater attention to dissatisfaction with local administration of recovery program. Officials were the posability of obtaining better enforcecodes the president's of field agencies. Local compliance boards not entirely satisfactory, some and these believed was posthat the boards might evenlose their identity in genlocal Federal agencies.