First National Bank (Malvern, IA)

View Charter #2247 on SPMC View balance sheet

Episode Information

Episode UID
224701526
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
22470 national
Charter Number
2247
Start Date
February 19, 1927
Location
Malvern, Iowa (41.003, -95.585)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f0d9f1d85679af21

Response Measures

None

Receivership Details

Depositor recovery rate
73.8%
Date receivership started
1926-12-10
Date receivership terminated
1935-03-21
OCC cause of failure
Governance
Share of assets assessed as good
35.9%
Share of assets assessed as doubtful
32.4%
Share of assets assessed as worthless
31.7%

Description

Article 1 text is truncated but clearly indicates the bank was closed and had a receiver.

Events (5)
1. April 10, 1875 Chartered
Source
historical_nic
2. December 10, 1926 Receivership
Source
historical_nic
3. February 19, 1927 Receivership
Newspaper Excerpt
Alleging that W. C. Wortz... W. R. Payne, receiver, started suit... The bank was closed by the
Source
newspapers
4. February 1, 1930* Other
Newspaper Excerpt
First Natl. Bank, by Receiver to A. P. Kilmartin, (Receiver's Deed) $2250. Lots 235, 236, Strahan's Add., Malvern.
Source
newspapers
5. * Suspension
Cause Details
Article states the bank was closed and later had a receiver; immediate trigger not specified in the provided text.
Newspaper Excerpt
The bank was closed by the
Source
newspapers

Newspaper Articles (2)
1. February 19, 1927 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, February 19, 1927

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Article Text

SUE BANK STOCKHOLDER Receiver of Malvern Bank Would Attach Omahan's Lots. Alleging that W. C. Wortz, 3817 Farnam street, has failed to pay a six thousand dollar assessment, made against sixty shares of stock he owns in the First National bank of Malvern, Ia., W. R. Payne, receiver, started suit in federal court to obtain writ of attachment on two lots Mr. Wortz owns in MalVern. The bank was closed by the

2. April 3, 1930 The Malvern Leader Malvern, IA
Article from The Malvern Leader, April 3, 1930

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Article Text

Real Estate Transfers Record of Instruments filed in the offices of the Recorder and Clerk of the District Court of Mills county, Towa. from Feb. 1930, at to Feb. 1930 at Emma Barnes to Jones, (W. D.) $600. Lot Blk. 62, Glenwood. Emma Barnes to Wheeler, $600. Lot Blk. 62, Glenwood. Glen C. Moomaw to R. Cardwell, (W. D.) $2818. Lot Blk. 26, Malvern. First Natl. Bank, by Receiver to A. P. Kilmartin, (Receiver's Deed) $2250. Lots 235, 236, Strahan's Add., Malvern. Margaret D. Glbson to Frank W. Swoboda, (W. D.) $3500. Pt. Lots 209 to 213, Strahan's Add., Malvern. Kilmartin to Louise M. Kilmartin, (Q. $1. Lots 235 and 236, Strahan's Add., Malvern. D. French to G. C. Wilson, Lot Bolleau's Add., Henderson. A. Robinson to Blanche R. Kuhl, (Q. D.) $1 V. 38 2-5 acres in Sec. 36-72-44. S. Davis, Referee, to Blanche R. Kuhl, (Ref. Deed) $2900. 38 acres in Sec. 36-72-44.