Farmers National Bank (Vinton, IA)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
July 2, 1932
Location
Vinton, Iowa (42.169, -92.024)
Bank Type
national
Charter Number
13263

Metadata

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%

Notes

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
Newspaper Excerpt
Everett, democrat, was appointed W. Jenkins, republican, as receiver for the Farmers National bank of Vinton
Source
newspapers
3. July 2, 1932 Receivership
Source
historical_nic

Newspaper Articles (2)

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


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.

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