First National Bank (Marshalltown, IA)

View Charter #411 on SPMC View balance sheet

Episode Information

Episode UID
41101542
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4110 national
Charter Number
411
Start Date
June 11, 1928
Location
Marshalltown, Iowa (42.049, -92.908)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3a6a254bc9db41af

Response Measures

None

Receivership Details

Depositor recovery rate
83.5%
Date receivership started
1928-06-11
Date receivership terminated
1932-12-31
Share of assets assessed as good
49.3%
Share of assets assessed as doubtful
43.8%
Share of assets assessed as worthless
6.9%

Events (3)
1. May 3, 1864 Chartered
Source
historical_nic
2. June 11, 1928 Receivership
Source
historical_nic
3. June 11, 1928 Receivership
Newspaper Excerpt
permanent receiver for the defunct First National bank here by comptroller currency at Washington
Source
newspapers

Newspaper Articles (2)
1. August 17, 1928 Des Moines Tribune Des Moines, IA
Article from Des Moines Tribune, August 17, 1928

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Article Text

MARSHALLTOWN BANK RECEIVER APPOINTED 17 Bosworth of Manly named permanent receivfor the defunct First National bank here by comptroller currency at Washington, it was announced Bosworth succeeds V. WIIson. national bank examiner. who was temporary receiver. It was presumed efforts of business men to reopen the bank 100 now will be per cent stock assessment recently was ordered.

2. December 20, 1931 The Des Moines Register Des Moines, IA

Article Text

Bank Receiver Files Marshalltown Suits MARSHALLTOWN, IA.-Melvin Royer, receiver of the First National bank here. filed two suits with the district court clerk Saturday. The first action is against C.H. Van Law, local attorney, Alice Van Law and H. C. Cox for $2,500 on an alleged delinquent promissory note. The second suit against the Van Laws and W. N. Norris asks Judgment for $5,000 and the foreclosure of a real estate mortgage used to secure an alleged delinquent promissory note.