First National Bank (Hartselle, AL)

View Charter #8067 on SPMC View balance sheet

Episode Information

Episode UID
806701588
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
80670 national
Charter Number
8067
Start Date
April 8, 1932
Location
Hartselle, Alabama (34.443, -86.935)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ba94b11b42e3536b

Response Measures

None

Receivership Details

Depositor recovery rate
81.1%
Date receivership started
1931-02-16
Date receivership terminated
1938-08-22
OCC cause of failure
Economic conditions
Share of assets assessed as good
38.9%
Share of assets assessed as doubtful
53.3%
Share of assets assessed as worthless
7.8%

Description

Receiver in place and receiver suing for embezzlement indicates bank closed and in receivership.

Events (3)
1. January 27, 1906 Chartered
Source
historical_nic
2. February 16, 1931 Receivership
Source
historical_nic
3. April 8, 1932 Receivership
Newspaper Excerpt
April Soper, receiver of the First National bank of Hartselle, awarded against National Co.
Source
newspapers

Newspaper Articles (2)
1. April 8, 1932 The Birmingham Post Birmingham, AL
Article from The Birmingham Post, April 8, 1932

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Article Text

BANK RECEIVER WINS SUIT FOR INSURANCE April Soper, receiver of the First National bank of Hartselle, awarded against National Co. Damages of were asked in the case with the National Surety Co. funds The charged had embezzled of its money.

2. April 9, 1932 The Chattanooga News Chattanooga, TN
Article from The Chattanooga News, April 9, 1932

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Article Text

Hartselle Bank Receiver Wins $20,000 Judgment Huntsville, Ala. April Federal district court jury awarded Soper, receiver the First National bank Hartselle, judgment for $20,000 his suit against the National Surety company, which guaranteed the embezzlement of employes or offiThe suit was based on the contention that Barclift, an officer of the bank, and therefore, the complainant held, the surety company liable for whole amount of its bond.