First National Bank (Davenport, IA)

View Charter #15 on SPMC View balance sheet

Episode Information

Episode UID
1501259
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
150 national
Charter Number
15
Start Date
November 25, 1904
Location
Davenport, Iowa (41.524, -90.578)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
021b286a4b7228cd

Response Measures

None

Events (6)
1. June 24, 1863 Chartered
Source
historical_nic
2. May 17, 1882 Chartered
Source
historical_nic
3. November 25, 1904 Receivership
Newspaper Excerpt
National Bank Examiner Eugene T. Wilson has been appointed receiver.
Source
newspapers
4. November 25, 1904 Suspension
Cause
Government Action
Cause Details
Closed by direction of the Comptroller of the Currency due to insolvency from excessive loans (mostly to mining interests).
Newspaper Excerpt
The First Na. bank of Davenport, Iowa, has been closed by direction of the comptroller of currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver.
Source
newspapers
5. April 25, 1931 Voluntary Liquidation
Source
historical_nic
6. February 6, 1934 Other
Newspaper Excerpt
Lindenmayer, receiver of the First National bank, against the American Surety Co. of New York... The bank receiver asked judgment against the surety company on the bond of McChesney, former president of the bank.
Source
newspapers

Newspaper Articles (2)
1. November 26, 1904 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, November 26, 1904

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Article Text

Iowa Bank Closes Its Doors. Washington, Nov. 25.-The First Na. bank of Davenport, Iowa, has been closed by direction of the comptroller of currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver. The failure of this bank, according to a statement issued by the comptroller, is due to losses sustained puon excessive loans, principally to mining interests with which the officers of the bank are identified.

2. February 6, 1934 Iowa City Press-Citizen Iowa City, IA
Article from Iowa City Press-Citizen, February 6, 1934

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Article Text

Action Started by Bank Receiver Goes To Federal Hon. James P. Gaffney Monday ordered the removal of the action Lindenmayer, receiver of the First National bank, against the American Surety Co. of New York. from district court to federal court Davenport. The order made upon the petition for transfer filed by the surety com pany. through Attys. Carr. Cox. Evans. and Riley of Des Moines. The bank receiver asked judg against the surety company the sum of on the bond of McChesney. former president of the bank. The action was the ault of federal court decision lowing the claim Pearl M. Chap man against the bank receiver.