Clyde National Bank (Clyde, TX)

View Charter #8780 on SPMC View balance sheet

Episode Information

Episode UID
878001599
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
87800 national
Charter Number
8780
Start Date
March 1, 1933*
Location
Clyde, Texas (32.406, -99.494)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad71c4da5f97dca3

Response Measures

None

Receivership Details

Depositor recovery rate
41.2%
Date receivership started
1933-11-14
Date receivership terminated
1936-12-13
Share of assets assessed as good
29.1%
Share of assets assessed as doubtful
56.8%
Share of assets assessed as worthless
14.1%

Description

Bank operated by a conservator after March 1933 holiday and later placed in receivership November 15, 1933.

Events (4)
1. July 5, 1907 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Federal banking holiday in March 1933 led to conservatorship and decision not to resume full banking operations.
Newspaper Excerpt
Since the banking holiday of last March the Clyde National bank has been operated by E G. Hampton as conservator, decision not to resume full banking functions having been made at that time.
Source
newspapers
3. November 14, 1933 Receivership
Source
historical_nic
4. November 15, 1933 Receivership
Newspaper Excerpt
Fred B. Cablee of Waco, to be receiver of the Clyde National bank; under the receivership of Fred B. Cablee, Waco, gradual liquidation of the institution will be continued, C A. Bowman, cashier, said.
Source
newspapers

Newspaper Articles (4)
1. October 28, 1907 The Laramie Republican Laramie, WY
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.

2. November 15, 1933 The Austin American Austin, TX
Article from The Austin American, November 15, 1933

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Article Text

Llano Bank Receiver Chosen at Washington Nov. The appointment two Texas bank receivers was announced Tuesday by the office of Sen. Connally (d) of Texas. They were: Warren Lillard of Dallas, be the Citizens National of Llano; Fred B. Cablee of Waco, be receiver the Clyde National bank.

3. November 15, 1933 Corpus Christi Caller-Times Corpus Christi, TX
Article from Corpus Christi Caller-Times, November 15, 1933

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Article Text

Appointment of Bank Receivers Is Announced appointment of two Texas bank ceivers today by the office of Senator Connally, Texas democrat They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National bank of Liano: Fred C. Cablee of Waco, to be receiver of the Clyde National bank

4. November 15, 1933 Abilene Daily Reporter Abilene, TX
Article from Abilene Daily Reporter, November 15, 1933

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Article Text

Name Receiver For Clyde Bank Rv The Associated Press WASHINGTON. Nov 15 The appointment of two Texas bank receivers was announced Tuesday by the office of Senator Connally (DTexas). They were: J. Warren Lillard of Dallas, to be receiver of the Citizens National Bank of Llano: Fred B. Cablee of Waco, to be receiver of the Clyde National bank. Since the banking holiday of last March the Clyde National bank/has been operated by E G. Hampton as conservator, decision not to resume full banking functions having been made at that time. Under the receivership of Fred B. Cablee, Waco. gradual liquidation of the institution will be continued, C A. Bowman, cashier, said.