First National Bank (Ida Grove, IA)

View Charter #3930 on SPMC View balance sheet

Episode Information

Episode UID
393001124
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
39300 national
Charter Number
3930
Start Date
August 1, 1893*
Location
Ida Grove, Iowa (42.345, -95.472)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
af46a8d363ec7d60

Response Measures

None

Receivership Details

Date receivership started
1895-06-04
OCC cause of failure
Losses

Description

Article states the bank went into liquidation some time ago but gives no date or cause details.

Events (4)
1. October 10, 1888 Chartered
Source
historical_nic
2. May 1, 1893 Voluntary Liquidation
Source
historical_nic
3. August 1, 1893* Suspension
Cause
Voluntary Liquidation
Cause Details
Article reports the bank went into liquidation some time ago, implying closure/liquidation rather than a contemporaneous run.
Newspaper Excerpt
The First National Bank of Ida Grove went into liquidation some time ago.
Source
newspapers
4. June 4, 1895 Receivership
Source
historical_nic

Newspaper Articles (4)
1. August 23, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 23, 1893

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Article Text

BANKS NOT AFFECTED. Iowa Institutions With Which Donaldson Had No Connection. SIOUX CITY, Io., Aug. 22.-The dispatch sent out from Kansas City yesterday relating to the disappearance of F. M. Donaldson, formerly of Sioux City, where he was manager of the Union Trust company, contains errors as to banks in Northwest Iowa, which formerly had dealings with the defunct company. It is stated that the company's failure carried down banks in Ida Grove, Holstein, Danbury, Ute, Woodbine, Cushing, Castana, Shuttler, Aurelia and Modale. The Danbury has no relations with the trust company, having closed out the old deals months ago. Nor has it any relations with Donaldson. It is strong and solvent. The banks at Sloan, Castana and Cushing are running, and, it is believed, in good condition. The Woodbine bauk was investigated by the state bank examiner only a few days ago, who reported it to be absolutely safe. The First National Bank of Idaho Grove went into liquidation some time ago. The Aurelia bank, which closed several weeks ago, reopened and is running. The Ute bank is still closed.

2. August 23, 1893 The Representative Saint Paul, Minneapolis, MN
Article from The Representative, August 23, 1893

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Article Text

BANKS NOT AFFECTED. I Iowa Institutions With Which Donaldson Had No Connection. SIOUX CITY, Ia., Aug. 23.-The dispatch sent out from Kansas City relating to the disappearance of F. M. Donaldson, formerly of Sioux City, where he was manager of the Union Trust company, contains errors as to banks in Northwest Iowa, which formerly had dealings with the defunct company. It is stated that the company's failure carried down banks in Ida Grove, Holstein, Danbury, Ute, Woodbine, Cushing, Castana, Shuttler, Aurelia and Modale. The Danbury has no relations with the trust company, having closed out the old deals months ago. Nor has it any relations with Donaldson. It is strong and solvent. The banks at Sloan, Castana and Cushing are running, and, it is believed, in good condition. The Woodbine bank was investigated by the state bank examiner only a few days ago, who reported it to be absolutely safe. The First National Bank of Ida Grove went into liquidation some time ago. The Aurelia bank, which closed several weeks ago, reopened and is running. The Ute bank is still closed.

3. August 24, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 24, 1893

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Article Text

BANKS NOT AFFECTED. Iowa Institutions With Which Donaldson Had No Connection. SIOUX CITY. Ia., Aug. 24-The dispatch sent out from Kansas City relating to the disappearance of F. M. Donaldson, formerly of Sioux City, where he was manager of the Union Trust company, contains errors as to banks in Northwest Iowa, which formerly had dealings with the defunct company. It is stated that the company's failure carried down banks in Ida Grove, Holstein, Danbury. Ute, Woodbine, Cushing. Castana, Shuttler, Aurelia and Modale. The Danbury has no relations with the trust company, having closed out the old deals months ago. Nor has it any relations with Donaldson. It isstrong and solvent. The banks at Sloan, Castana and Cushing are running, and, it is believed, in good condition. The Woodbine bank was investigated by the state bank examiner only a few days ago, who reported it to be absolutely safe. The First National Bank of Ida Grove went into liquidation some time ago. The Aurelia bank, which closed several weeks ago, reopened and is running. The Ute bank is still closed.

4. August 25, 1893 Bismarck Weekly Tribune Bismarck, ND
Article from Bismarck Weekly Tribune, August 25, 1893

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Article Text

BANKS NOT AFFECTED. Iowa Institutions With Which Donaldson Had No Connection. Sioux CITY, Ia., Aug. 23.-The dispatch sent out from Kansas City relating to the disappearance of F. M. Donaldson, formerly of Sioux City, where he was manager of the Union Trust company, contains errors as to banks in Northwest Iowa, which formerly had dealings with the defunct company. It is stated that the company's failure carried down banks in Ida Grove, Holstein, Danbury. Ute, Woodbine, Cushing, Castana, Shuttler, Aurelia and Modale. The Danbury has no relations with the trust company, having closed out the old deals months ago. Nor has it any relations with Donaldson. It is strong and solvent. The banks at Sloan, Castana and Cushing are running, and, it is believed, in good condition. The Woodbine bank was investigated by the state bank examiner only a few days ago, who reported it to be absolutely safe. The First National Bank of Ida Grove went into liquidation some time ago. The Aurelia bank, which closed several weeks ago, reopened and is running. The Ute bank is still closed.