First National Bank - Williams, IA

Episode Information

Episode UID: 558501567
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 55850 national
Charter Number: 5585
Start Date: July 1, 1930
Location: Williams, Iowa (42.488, -93.545)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b1c1ea52831e24ec

Response Measures

None

Receivership Details

Depositor recovery rate: 29.6%
Date receivership started: 1930-07-01
Date receivership terminated: 1934-06-30
Share of assets assessed as good: 23.4%
Share of assets assessed as doubtful: 74.6%
Share of assets assessed as worthless: 2.0%

Description

Article states the national bank failed to open Tuesday and a national bank receiver was notified to take charge.

Events (4)

1. September 24, 1900 Chartered

Source: historical_nic

2. July 1, 1930 Receivership

Source: historical_nic

3. July 1, 1930 Receivership

Newspaper Excerpt: Melvin Royer, national bank receiver ... was notified Thursday that he is to take of the First National bank at Williams, which failed to open Tuesday.
Source: newspapers

4. July 1, 1930 Suspension

Cause: Government Action
Cause Details: Bank failed to open and the national bank receiver was notified to take charge.
Newspaper Excerpt: Melvin Royer, national bank receiver ... was notified Thursday that he is to take of the First National bank at Williams, which failed to open Tuesday.
Source: newspapers

Newspaper Articles (1)

1. July 4, 1930 Des Moines Tribune Des Moines, IA

Article from Des Moines Tribune, July 4, 1930

Click image to open full size in new tab

Article Text

IOWA NEWS BRIEFS Eagle Grove-Funeral Funeral services were held Thursday for John Montgomery, 72, pioneer resident of Goldfield. who died Tuesday as a result of heart attack. He is survived by his widow and two daughters. Vera Montgomery of Storm Lake and Mary Montgomery of Ames. Clear Lake-Bound to Jury Laurence Duckert, Clear Lake farm employe. who was arrested Wednesday night on a charge of forging two checks, has been bound the district court grand jury and is being held in jail in default of $1,000 bonds. Rites Funeral services for Mrs. Sybil Norton. 54, who died Wednesday, will be held here Saturday Burial will be at Fonda. Mrs. Norton is survived by one son, Dale Norton of Spencer, and three daughters, Mrs. Geneva Gaard of Milwaukee. Wis., Mrs. Dorothy Foley of South Bend. Ind., and Carolyn Norton of Laurens. Newton-Church Schedule The first meeting on the summer schedule of union church services will be held Sunday with the Rev. W. R. Moore of the First Presbyterian church delivering the sermon. The services will be held at D. m. each Sunday at the Newton Junior High school building during July and August. Iowa City-$1,500 Gift A gift of $1,500 to the University of Iowa college of dentistry library from the Carnegie Foundation was announced here Thursday. Under a series of grants of the same kind the foundation is seeking to further dental research in various American educational institutions. Forest City-Boman Funeral Funeral services for Mrs. Peter Boman, 72. were held Fri day at the First Baptist church here. Burial was at the Swedish cemetery. Mrs. Boman nioneer residen to Forest City, is survived by her husband, three sons and two daughters. Nevada-Bank Receiver Melvin Royer. national bank receiver who has his headquarters in Nevada, was notified Thursday that he is to take of the First National bank at Williams, which failed to open Tuesday. He is in charge of banks at Nevada, Ctory City and Sambridge. Nevada-Club Installs Lester F. Martin was installed as president of the Nevada Rotary club to succeed George H. Kellogg Wednesday. Other officers installed were Howard F. Sones, A Whale of HOSIERY The "spirit of '76" still lives -thought this minute it may be lolling in hammock, sipping or getting all set to shoot off the skyrockets for its evening entertainment.