Cedar Rapids National Bank - Cedar Rapids, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3643
Charter Number: 3643
Start Date: June 13, 1893
Location: Cedar Rapids, Iowa (42.008, -91.644)

Metadata

Model: gpt-5-mini
Short Digest: b92a93dc692263e1

Response Measures

None

Receivership Details

Depositor recovery rate: 22.9%
Date receivership started: 1934-01-23
Share of assets assessed as good: 13.0%
Share of assets assessed as doubtful: 62.0%
Share of assets assessed as worthless: 25.0%

Description

Article from 1893-06-14 reports that the Comptroller appointed a receiver for the national bank at Cedar Rapids (OCR text 'broken national band at Cedar Rapide' corrected). No mention of a run; receiver appointment implies failure/closure. Limited detail in the snippet.

Events (4)

1. March 9, 1887 Chartered

Source: historical_nic

2. June 13, 1893 Receivership

Newspaper Excerpt: He appointed O. M. Howard of Fairfield, Iowa, receiver of the broken national band at Cedar Rapide, Iowa
Source: newspapers

3. August 3, 1932 Voluntary Liquidation

Source: historical_nic

4. January 23, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. June 14, 1893 Grand Rapids Herald Grand Rapids, MI

Article from Grand Rapids Herald, June 14, 1893

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Article Text

Grand Rapids Man Receiver. WASHINGTON, June 13. Comptroller Eckels today appointed Charles M. Wilson of Grand Rapids, Mich., receiver of the First National Bank of North Da kota, one of the Mears concerns. He appointed O. M. Howard of Fairfield, Iowa, receiver of the broken national band at Cedar Rapide, Iowa, and H. H. Kerr of Fort Worth, Texas, receiver of the collapsed national bank at Brady Texas.