First National Bank (Emmetsburg, IA)

Episode Information

Episode UID
333701579
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
33370 national
Charter Number
3337
Start Date
July 10, 1931
Location
Emmetsburg, Iowa (43.113, -94.683)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
28ce031565e19003

Response Measures

None

Description

OCR in Article 1 distorted some words (e.g., 'for National' -> 'First National'); otherwise records clearly show receivership/closure.

Events (5)

1. April 23, 1885 Chartered
Source
historical_nic
2. June 10, 1927 Voluntary Liquidation
Source
historical_nic
3. July 10, 1931 Receivership
Newspaper Excerpt
suit filed ... by counsel N. W. Irwin, receiver of the ... First National bank of Emmetsburg.
Source
newspapers
4. January 6, 1935 Suspension
Cause
Government Action
Cause Details
Federal receiver appointed and bank placed in receivership/closed to operations.
Newspaper Excerpt
Edward F. Carmody ... has been named receiver of the First National banks at Emmetsburg ...
Source
newspapers
5. May 12, 1935 Receivership
Newspaper Excerpt
Headquarters for a federal receivership of five northwestern Iowa banks was moved ... Offices are in the closed First National bank here, with Edmund Carmody in charge.
Source
newspapers

Newspaper Articles (3)

Article Text

800 IOWANS NAMED IN SUIT Bank Receiver Asks Judgment at Ft. Dodge. (The Register's Iowa News Service.) FORT than 800 defendants are named in suit filed in United States district court here this week by counsel N. W. Irwin. receiver of the for National bank of Emmetsburg. The suit arose from the sale of the First National bank of Em metsburg to the bank of in April, Irwin asks judgment for $202.000 the First National bank. and liquidating agents and 800 depositors for notes and guarantees, given by the First National bank when its obligations were assumed by the National bank. The receiver also petitions for a*prior lien trust fund created by the First National bank when its depositors waived 35 per cent of their deposits a year fore the sale.


Article Text

Bank Receiver Named Emmetsburg, Ia.—Special: Edward F. Carmody of Graettinger has been named receiver of the First National banks at Emmetsburg, Ayrshire and Ruthven to succeed S. C. Hayes, resigned. He will also have charge of the Security National bank at Milford.


Article Text

Pilots to Be Busy They will be far too busy, what with several score instruments, oxygen valves and control switches, cameras, radio transmitter and receiver and other scientific "gadgets" snugly packed into the nine-foot metal ball. Two portholes, somewhat smaller than a street manhole, will have their scientific use—as well as offering a means of entry and exit—in enabling the crew to study such visible phenomena as cloud formation and color of the upper heavens. They likewise will permit reading of instruments outside the shell. One instrument—a thermometer actuated by 18 bimetallic springs—and equipped with a dial two feet or more in diameter, will ride in the very top of the balloon proper, about 300 feet above the gondola. Capable of recording air temperatures of from minus 50 degrees to plus 50 (centigrade) it will be read through a "telescope" in the top of the shell. To Last 12 Hours The instruments for measuring cosmic radiation are being supplied by Dr. W. F. G. Swann of the Bartol Research foundation of Franklin institute, Swarthmore, Pa., and Dr. R. A. Millikan of California Institute of Technology. Spectographs were made under the direction of Dr. W. B. Rayton and Gustav Fassin, Rochester, N. Y. Even though the two army pilots may "scarcely have time to breathe," there will be plenty of good fresh oxygen within the metal sphere. Sixty-five pounds of liquid air and liquid oxygen is being taken aloft, and, fan driven over aprons of cloth sacks containing pellets of sodium hydroxide, will emerge "fresh and sweet" for consumption by the two men. The flight is expected to require 12 to 16 hours, depending upon conditions, Capt. Stevens said as he cleared his desk for his contemplated departure. Returning Thief Suspect Cherokee, Ia.—Special: Sheriff Art Tilton left Friday for Glasgow, Mont., to return Russell ("Toots") Leonard, wanted here for alleged theft of money and travelers' checks from Jim Noonan. Leonard was taken in custody at Glasgow after officials here learned he was headed that way and notified authorities to watch for him. take advantage of the means for escape. Newton had confessed to theft of some harness from Eugene Lias, Westfield. The harness was sold to a West Point, Neb., farmer, and Newton was arrested following an investigation by Sheriff R. E. Rippey. Newton's arrest was believed to have broken a harness stealing ring operating in Iowa, South Dakota and Nebraska. Bank Receiver Moves Office Emmetsburg, Ia. — Special: Headquarters for a federal receivership of five northwestern Iowa banks was moved from Graettinger to Emmetsburg Friday. Offices are in the closed First National bank here, with Edmund Carmody in charge. Banks under his jurisdiction are in Everly, Milford, Ayrshire, Graettinger and Emmetsburg.