First National Bank (Attalla, AL)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
April 24, 1906
Location
Attalla, Alabama (34.022, -86.089)
Bank Type
national
Charter Number
7951

Metadata

Receivership Details

Depositor recovery rate
50.0%
Date receivership started
1906-04-24
OCC cause of failure
Excessive lending
Share of assets assessed as good
38.8%
Share of assets assessed as doubtful
27.8%
Share of assets assessed as worthless
33.4%

Events (5)

1. October 18, 1905 Chartered
Source
historical_nic
2. April 24, 1906 Suspension
Cause
Government Action
Cause Details
Closed by direction of the Comptroller of the Currency / national bank examiner upon findings the bank was insolvent.
Newspaper Excerpt
The First National bank of Attalla was closed by National Bank Examiner S. H. L. Cooper this morning.
Source
newspapers
3. April 24, 1906 Receivership
Newspaper Excerpt
Examiner Cooper has been appointed receiver.
Source
newspapers
4. April 24, 1906 Receivership
Source
historical_nic
5. March 7, 1907 Other
Newspaper Excerpt
The building and banking fixtures of the defunct First National bank of Attalla were sold by the receiver to T. C. Banks...
Source
newspapers

Newspaper Articles (18)

Article from Bismarck Daily Tribune, April 25, 1906

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Alabama Bank Closed

Washington, April 25.-The First National bank at Attalla, Ala., was closed during the day by direction of the comptroller of the currency upon information received from National Bank Examiner Cooper that the bank is insolvent. Examiner Cooper has been appointed receiver.


Article from The Bemidji Daily Pioneer, April 25, 1906

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Alabama Bank Closed

Washington, April 25.-The First National bank at Attalla, Ala., was closed during the day by direction of the comptroller of the currency upon information received from National Bank Examiner Cooper that the bank is insolvent. Examiner Cooper has been appointed receiver.


Article from The Birmingham Age-Herald, April 25, 1906

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ATTALLA BANK IN RECEIVER'S HANDS SURPRISE IS CAUSED BY THE ANNOUNCEMENT THAT THE FIRCT NATIONAL HAD BEEN CLOSED BY FEDERAL EXAMINER COOPER Gadsden, April 24.-(Special.)-The First National bank of Attalla was closed by National Bank Examiner S. H. L. Cooper this morning. The First National bank of Attlla was organized last October and had previously been known as the Bank of Attalla. It was captialized at $30,000. When asked for the cause of his action, Examiner Cooper stated that his reports had to be made through the department at Washington. L. M. Dykes is president of the bank and some of the best citizens of Attalla are its stockholders and direc-


Article from The Birmingham Age-Herald, April 25, 1906

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tors. The orginal bank has been established a number of years and was considered a solid institution. The failure created surprise in this city. Washington, April 4.-The First National bank at Attalla, Ala., was closed today by direction of the comptroller of the currency upon information received from National Bank Examiner Cooper that the bank is insolvent. Examiner Cooper has been appointed receiver. The following is a statement of the resources and liabilities of the bank at the close of business April 6, 1906: Resources-Loans and discounts, $119,981. United States bonds, $31,050. Banking house, furniture and fixtures, $8500. Due from banks and bankers, $20,877. Cash and cash items, $7656. Redemption funds, $1000. Total, $189,065. Liabilities-Capital stock, $30,000. Surplus and undivided profits, $2569. Circulating notes, $29,500. Due to banks and bankers, $8677. Individual deposits, $63,773. Rediscounts and bills payable, $54,544. Total, $189,065.


Article from Americus Times-Recorder, April 26, 1906

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Bank in Examiner's Hands

Gadsden, Ala., April 25.-Federal Bank Examiner Silas H. L. Cooper, has taken charge of the First National Bank of Attalla, and has closed its doors. The only information to be had is that the examiner has taken charge and closed the doors. It is understood the action was taken on orders from the comptroller of the currency in Washington. It is said the bank is only temporarily embarrassed and will be able to resume. L. M. Dykes is president and some of the leading business men of Atalla are directors. The capital stock is $25, 000. It is believed that the statement of the bank up to April 6 caused the investigation which led to suspension.


Article from The Birmingham Age-Herald, May 3, 1906

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SCHOOL BUILDING MONEY IS TIED UP Was in National Bank of Attalla When it Failed MEDICAL SOCIETY MEETS Star Witness in Murder Case Is Married to Cousin of Murdered Man at Gadsden-New Hotel Probable. Gadsden, May 2.-(Special.)-The failure of the First National bank in Attalla has placed that little city in an embarrassing position as to the building of the new school building, which was let to contract a few weeks ago. The money to be used for this purpose was placed in this bank and is now tied up awating a statement of the receiver. The money was deposited with the bank conditionally, that the bank was not to use it. Whether the city will lose it is not known. The money was kept on deposit in this city for some time but as it was to be used shortly the school trustees transferred the amount to the Attalla bank just before it failed. It was the intention of the contractors to have the building ready for the fall session. The Etowah County Medical Society met this morning in regular monthly session in the office of Dr. E. L. Jones. Dr. J. M. Brown presided. Several important papers were read and discussed and new cases were reported of interest to the profession. The first ball game of the season will be played at the park Saturday afternoon between the local and Alabama City team. The latter team is a strong one this year and will test the strength of the locals. The monthly report of the postoffice shows the total receipts for the past month to have been $1214.06, a gain of 12 1/2 per cent over the same month in 1905.


Article from The Montgomery Advertiser, August 19, 1906

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NEW BANK AT ASHVILLE

Institution will Open its Doors For Business Monday. Gadsden, August 18.-(Special.)Th Ashville Savings Bank of Ashville, St. Clair county, a new banking Institution. will open its doors for business Monday. The bank begins business in its own building which was erected for the purpose and is provided with all modern conveniences. The institution has a capital stock of $25.000 and its stockholders are some of that county's most substantial citizens. The officers are: James L. Herring, president; Dr. J. B. Bass, vice-president; Dr. W. A. Reason, second vice-president: A. K. Senour, cashier. The establishment of a bank at the capital of St. Clair county will All a long felt need. The County Board of Registers, who have been engaged in correcting and revising the registration books during the week, finished this task this morning. While quite a number were d-opped from the list, the increase, hoil.v. er, is far in excess of the decrease. The commission will go to the western part of the county next week and will return to the city on August 27. It has been stated on reliable authority that the receivers of the defunct First National Bank of Attalla, will pay a dividend to the depositors of that institution which failed several months ago. The stockholders have been assessed for the amount of their stock. and most of them have responded promptly. The failure of the bank has worked quite a hardship on a number of people, some of whom had all their savings of many years in the bank.


Article from The Montgomery Advertiser, September 21, 1906

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THORNTON BRINGS SUIT

Alleges That A. L. Dupree Failed to Pay Assessment. Anniston, 20.- (Special.)Sept. Thomas N. Thornton, receiver, has brought suit in the Federal court against A. L. Dupree, the owner of ten shares of the defunct Attalla First National Bank, which Institution became insolvent about the first of last May. Thornton had been appointed and put in charge of the bank about July 9th, the capital stock of same amounting to $30,000, or 300 shares of $100 par value each. Later he was ordered to assess each share holder, assessments to be paid ratably, in order to straighten out the affairs of the defunct bank, the assessments to be paid by August 9. Dupree's assessments amounted to $1,000. which it is said he refused to pay. Hence the suit.


Article from The Birmingham Age-Herald, September 22, 1906

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Receiver Brings Suit

Anniston, September 21.-(Special.)- Thomas N. Thornton, receiver, has brought suit in the federal court against A. L. Dupree, the owner of ten shares of the defunct Attalla First National bank, which institution became insolvent about the first of last May. Thornton had been appointed and put in charge of the bank about July 9, the capital stock of same amounting to $30,000 or 300 shares of $100 par value each. Later he was ordered to assess each shareholder, assessments to be paid ratably, in order to straighten out the affairs of the defunct bank, the assessments to be paid by August 9. Dupree's assessments amounted to $1000, which it is said he refused to pay. Hence the suit.


Article from The Lamar Register, January 2, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago: liabilities, $400.000. Feb. 8.-Boliver County Bank. Cleveland, Miss.: liabilities, $110,000; assets, $130,000. 15-Bank of America. Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Osakosh, Wis.: liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.: liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed: liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities. $4,000,000. S-F. E. Coyne, ex-postmaster. Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport. O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from Audubon Republican, January 3, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from The Greenville Journal, January 3, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. 24-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1--Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa, closed by comptroller of currency. 13-Cummings Commi on Co., one of largest brokerage how es in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from Iron County Register, January 3, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, falled; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by ยฐC. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from The Tupelo Journal, January 4, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110.000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., Crosea NJ comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from The Green Forest Tribune, January 4, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.--Boliver County Bank, Cleveland, Miss.; liabilities, $110.000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May* 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state ( bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank. Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13--Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from The Idaho Recorder, January 10, 1907

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BUSINESS FAILURES Jan

14-Parsons, Snyder & Co., Cleveland, O.: Habilities, $150,000. 18-G. 8. McReynolds & Co., Chicago: liabilities, $400.000. Feb. &-Boliver County Bank, Cleveland. Miss.: liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. N-Cash Buyers' Union, Chicago, placed in receiver's hands. Williamson Libbey Lumber Co., Oshkosh, Wis.: liabillties, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets. $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.: liabilities, $100,000. 34-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed. Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston. failed: liabilities. $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner: liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chiengo closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank. of Butler. Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, L T., closed on account of slow collections and inability to.realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest. suspends. 17-Lincoln bank of Morton Park. suburb of Chicago, fails.


Article from The Birmingham Age-Herald, March 8, 1907

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Fixtures Are Sold

Gadsden, March 7.-(Special.) - The building and banking fixtures of the defunct First National bank of Attalla were sold by the receiver to T. C. Banks, president of the Bank of Attalla, the price paid being $4100. The building will be occupied by the Bank of Attalla. It is thought the affairs of the First National bank of that place will be shortly wound up by the receiver. The bank failed about a year ago.


Article from The Birmingham Age-Herald, May 27, 1907

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L. M. Dyke Must Pay Back the Sum of $21,749. 26.-(Special.)-In the Anniston, May federal court yesterday, a judgment was given the plaintiff for $21,749 in the case of Thornton vs. Dyke. The case is that of T. M. Thornton, receiver of the First National Bank of Attalla, against L. Dyke, the former president of the bank. Mr. Dyke did not oppose the judgment that was ordered. The case is the outcome of the failure of the Attalla bank. Mr. Dyke is now under indictment in the federal court for embezziement and misapplying the funds of the bank. The case was carried over to the next term of court during this term on account of the illness of the wife of Mr. Dyke. In the case of W. T. Harden vs. Southern railway, the jury returned a verdict at 8 o'clock last night for the plaintiff for $1275. The case had been on trial for two days and was given the jury shortly before the time of adjournment last night.