First National Bank (Bode, IA)

View Charter #10371 on SPMC View balance sheet

Episode Information

Episode UID
1037101582
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
103710 national
Charter Number
10371
Start Date
October 1, 1931
Location
Bode, Iowa (42.868, -94.290)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5f4a66ff0faa125b

Response Measures

None

Receivership Details

Depositor recovery rate
65.6%
Date receivership started
1931-10-01
Date receivership terminated
1937-12-23
Share of assets assessed as good
13.8%
Share of assets assessed as doubtful
77.5%
Share of assets assessed as worthless
8.7%

Events (5)
1. April 23, 1913 Chartered
Source
historical_nic
2. October 1, 1931 Receivership
Source
historical_nic
3. October 1, 1931 Receivership
Newspaper Excerpt
Selby Russell, who has been acting as receiver of the closed First National Bank at Bode, ...
Source
newspapers
4. July 5, 1932 Other
Newspaper Excerpt
Bode Bank Receiver Moved to Thompson: Selby Russell, who has been acting as receiver of the closed First National Bank at Bode, has been appointed receiver of the recently closed National Bank at Thompson.
Source
newspapers
5. January 5, 1934 Other
Newspaper Excerpt
Announcement was made in Bode a week ago that Selby Russell, receiver, and assistant Mr. Mitchell, of the First National bank have resigned from their positions there.
Source
newspapers

Newspaper Articles (2)
1. July 5, 1932 Humboldt Independent Humboldt, IA

Article Text

Bode Bank Receiver Moved to Thompson Selby Russell, who has been acting as receiver of the closed First National Bank at Bode, has been appointed receiver of the recently closed National Bank at Thompson. Mr. Russell received word to this effect last week Wednesday and will leave soon to take up his new location.

2. January 5, 1934 The Humboldt Republican Humboldt, IA

Article Text

Bank Receiver and Assistant Resign Announcement was made in Bode a week ago that Selby Russell, receiver, and assistant Mr. Mitchell, of the First National bank have resigned from their positions there. Both have secured permanent positions with an insurance company at Milwaukee, Wisconsin. Mr. Russell will be employed in the central office in Milwaukee and Mr. Mitchell will work as a field representative of the company.