First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11585
Charter Number: 11585
Start Date: July 2, 1926
Location: Onida, South Dakota (44.708, -100.060)

Metadata

Model: gpt-5-mini
Short Digest: 066f28f8

Response Measures

None

Receivership Details

Depositor recovery rate: 38.1%
Date receivership started: 1924-02-12
Date receivership terminated: 1931-08-31
OCC cause of failure: Governance
Share of assets assessed as good: 34.1%
Share of assets assessed as doubtful: 38.9%
Share of assets assessed as worthless: 26.9%

Description

Article (Argus-Leader, 1926-07-02) reports W. Hookway was appointed receiver for insolvent South Dakota national banks and 'brought the affairs of the First National bank Onida to Huron liquidation.' Indicates the bank was insolvent and in receivership (permanent closure). No separate run or temporary suspension described.

Events (3)

1. January 27, 1920 Chartered

Source: historical_nic

2. February 12, 1924 Receivership

Source: historical_nic

3. July 2, 1926 Receivership

Newspaper Excerpt: He brought the affairs of the Onida to Huron liquidation. The affairs the Onida bank ... Hookway remains receiver for First National position he has held since
Source: newspapers

Newspaper Articles (1)

1. July 2, 1926 Argus-Leader Sioux Falls, SD

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Article Text

HOOKWAY MADE BANK RECEIVER Huron Man Is Appointed in Charge of All South Dakota Insolvent National Banks Huron, July W. Hookway Huron appointed comptroller the for national banks in South The appointment of Mr. Hookway to the federal post means the Mr. Huron year yesterday where for the First National bank Onida He brought the affairs of the Onida to Huron liquidation. The affairs the Onida bank which hands go Fiman for the tional Bank of Commerce at the state Hookway remains receiver for First National position he has held since The by the federal gov. ernment Mr. receiver the office the Mr obtained in the expects to make Huron his home. BRAZIL TO BROADCAST Aires, July Station of Nacion clal for the fans on the first and Thursday in each The scheduled the for its last night and York). LOZ broadcasts under 333 metre wave length. M. W. OF A. MEETING Detroit, Minn., July the Modern Wood men America attended northern district convention of the order the there. One Royal Neighbors America present for an given by the of that lodge in conjunction with the convention. The private railways with the lines, are experiencing in profits.