Farmers National Bank (Vinton, IA)

View Charter #13263 on SPMC View balance sheet

Episode Information

Episode UID
1326301591
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
132630 national
Charter Number
13263
Start Date
July 2, 1932
Location
Vinton, Iowa (42.169, -92.024)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
960ded777b3a373e

Response Measures

None

Receivership Details

Depositor recovery rate
68.8%
Date receivership started
1932-07-02
Date receivership terminated
1939-04-21
Share of assets assessed as good
35.2%
Share of assets assessed as doubtful
63.4%
Share of assets assessed as worthless
1.5%

Description

The articles discuss a change in receivers for a bank that had already failed; the receivership date is provided in the metadata.

Events (3)
1. December 4, 1928 Chartered
Source
historical_nic
2. July 2, 1932 Receivership
Source
historical_nic
3. July 2, 1932 Receivership
Newspaper Excerpt
Everett, democrat, was appointed W. Jenkins, republican, as receiver for the Farmers National bank of Vinton
Source
newspapers

Newspaper Articles (2)
1. September 22, 1933 Globe-Gazette Mason City, IA

Article Text

BUYING COTTON Roosevelt Calls His Farm Advisers to Consider Proposals. Sept. ident Roosevelt today called in advisers consider the cotton purchase plan submitted yesterday by the conference southern Those summoned secretary Wallace and George Peek, the ministrator the agricultural justment act, and Senator Bankhead Alabama, leader in the cotton conference. The cotton belt states proposed the government purchase half of this year's crop still held by 15 cents pound, with the understanding that for every bale chased by the government the ducers will cut next year's crop that much. To all appearances the president looking favorably the proposal to lift Cotton prices, but there reason to believe he favors lower price for the purchases, nearer 12 cents pound. Named Bank Receiver. Sept. Everett, democrat, was appointed W. Jenkins, republican, as receiver for the Farmers National bank of Vinton and the Buchanan County National bank Independence

2. September 22, 1933 The Gazette Cedar Rapids, IA

Article Text

Name Fairbank Man As Bank Receiver VINTON Removal of W. E. Jenkins, republican, by the comptroller and appointment of E. E. Everett, democrat, a receiver for the Farmers National bank of Vinton and the Buchanan County National bank of Independence was announced Thursday. Everett is a resident of Fairbank, Ia. The Twentieth Century limited, operating between New York and Chicago, covers the 961 miles in eighteen hours at an average speed of 53.4 miles an hour.