First National Bank (Bardwell, KY)

View Charter #8331 on SPMC View balance sheet

Episode Information

Episode UID
833101585
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
83310 national
Charter Number
8331
Start Date
January 27, 1932
Location
Bardwell, Kentucky (36.871, -89.010)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
19284aa92fb72cc7

Response Measures

None

Receivership Details

Depositor recovery rate
64.0%
Date receivership started
1932-03-04
Date receivership terminated
1936-11-30
Share of assets assessed as good
62.1%
Share of assets assessed as doubtful
28.7%
Share of assets assessed as worthless
9.2%

Description

A reopening was planned (Apr 1932) but by Jun 1933 a receiver was handling the closed bank.

Events (5)
1. August 17, 1906 Chartered
Source
historical_nic
2. January 27, 1932 Suspension
Cause Details
Article states the bank closed on January 27 but gives no reason for the suspension.
Newspaper Excerpt
Plans are being perfected for the re-opening of the First National Bank, which closed January 27.
Source
newspapers
3. March 4, 1932 Receivership
Source
historical_nic
4. April 12, 1932 Other
Newspaper Excerpt
Plans are being perfected for the re-opening of the First National Bank ... The capital has been subscribed and it is expected the bank will be re-opened in a short time.
Source
newspapers
5. June 9, 1933 Receivership
Newspaper Excerpt
Jeff H. Hooker, receiver of the First National Bank of Bardwell, which closed January 28, 1932, has filed suit ... to recover judgments on promissary notes ...
Source
newspapers

Newspaper Articles (2)
1. April 12, 1932 The Paducah Sun Paducah, KY
Article from The Paducah Sun, April 12, 1932

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Article Text

Bardwell Bank Soon To Re-Open BARDWELL KY., April 12 (Special)-Plans are being perfected for the re-opening of the First National Bank, which closed January 27. The capital has been subscribed and it is expected the bank will be re-opened in a short time.

2. June 9, 1933 The Paducah Sun Paducah, KY
Article from The Paducah Sun, June 9, 1933

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Article Text

Bank of Bardwell Receiver Sues to Collect on Notes Jeff H. Hooker, receiver of the First National Bank of Bardwell, which closed January 28, 1932, has filed suit in United States district court to recover judgments against twelve persons on promissary notes alleged due in amounts varying from $20 to $245. Goldbloom The petition was filed by Attorney R. L. Myre, attorney for COFFEE the bank receiver. The following judgments are sought: F. W. Turk, R. Bard, R. C. Evans $245; F. W. Turk, R. C. Evans, Nolen Turk, J. R. Bard, $200; R. C. Evans, F. W. Turk, M. E. Anderson, $87.50; R. C. Evans, M. E. Anderson, F. W. Turk, $192.50; R. C. Evans, F. W. Turk, M. E. Anderson, and L. W. Walston, $125; Laura Ballow, R. L. Ballow, F. W. Turk, $20.89; B. F. West, J. R. Bard, F. W. Turk, G. H. Bard, $50; J. A. Munsell, J. A. Terry, and F. W. Turk, $52.