Perry National Bank (Perry, IA)

View Charter #10130 on SPMC View balance sheet

Episode Information

Episode UID
1013001501
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
101300 national
Charter Number
10130
Start Date
January 23, 1925
Location
Perry, Iowa (41.839, -94.107)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
04c3c1ce31688e7d

Response Measures

None

Receivership Details

Depositor recovery rate
51.8%
Date receivership started
1925-02-05
Date receivership terminated
1930-08-25
OCC cause of failure
Governance
Share of assets assessed as good
54.4%
Share of assets assessed as doubtful
25.3%
Share of assets assessed as worthless
20.3%

Description

Article reports Perry National closed Friday but gives no cause; later known receivership date exists (1925-02-05).

Events (3)
1. January 27, 1912 Chartered
Source
historical_nic
2. January 23, 1925 Suspension
Cause Details
Article states the bank closed Friday but does not provide a reason or attribute it to rumors or other banks.
Newspaper Excerpt
A run on the bank followed the closing of the Perry National bank Friday.
Source
newspapers
3. February 5, 1925 Receivership
Source
historical_nic

Newspaper Articles (2)
1. January 26, 1925 Iowa City Press-Citizen Iowa City, IA
Article from Iowa City Press-Citizen, January 26, 1925

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Article Text

MURPHY BANKS CLOSED Institutions Founded by ted Waukon Lawyer Without Sufficient Cash Associated Press) WAUKON, Jan. The Peoples National bank of Waukon was closed late Saturday by federal bank examiner, when was found its cash reserve was below federal requirements. A receiver was appointed Saturday for the Bank of Rossville, another Allamakee county bank. was not operating under charter. Both banks were organized by Dennis Murphy, Waukon attorney whose trial on indictments charging embezzlement is scheduled open in district court here tomorrow morning. Two Perry Banks Close PERRY, Ia., Jan. Security Savings Bank closed Its doors here Saturday afternoon. run on the bank followed the closing of the Perry National bank Friday.

2. January 27, 1925 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, January 27, 1925

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Article Text

Three Iowa Banks Close Their Doors Waukon, Ia., Jan. 26.—The People's National bank of Waukon was closed late Saturday by a federal bank examiner, when it was found its cash reserve was below federal requirements. A receiver was appointed Saturday for the bank of Rossville, another Altamakee county bank. It was not operating under a charter. Both banks were organized by Dennis J. Murphy, Waukon attorney, whose trial on indictments charging embezzlement is scheduled to open in district court here tomorrow morning. Perry, Ia., Jan. 26.—The Security Savings bank closed its doors here Saturday afternoon. A run on the bank followed the closing of the Perry National bank Friday. For future captains of industry, we must depend upon our present infantry, and we can't produce captains from dirty milk.