First National Bank - Lake City, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 4966
Charter Number: 4966
Start Date: October 22, 1931
Location: Lake City, Iowa (42.267, -94.734)

Metadata

Model: gpt-5-mini
Short Digest: 9ff2b524d7a08fde

Response Measures

None

Receivership Details

Depositor recovery rate: 59.6%
Date receivership started: 1931-10-22
Date receivership terminated: 1937-08-31
Share of assets assessed as good: 27.6%
Share of assets assessed as doubtful: 36.7%
Share of assets assessed as worthless: 35.7%

Description

The newspaper lists an entry for Lake City, First 10-22-31 321,573 in a table of Iowa bank suspensions/related actions. The article provides a suspension date (10-22-1931) but gives no narrative about a run, receiver appointment, or permanent closure. Because the entry appears in a table of banks that suspended around that time and there is no evidence of receivership or failure in the excerpt, I classify this as a suspension with no reported run and (absence of closure evidence) likely reopening. OCR in the table is noisy; I corrected the date to 1931-10-22 based on the table entry.

Events (3)

1. June 29, 1894 Chartered

Source: historical_nic

2. October 22, 1931 Receivership

Source: historical_nic

3. October 22, 1931 Suspension

Cause Details: Table entry indicates suspension on 1931-10-22; no cause given in article excerpt
Newspaper Excerpt: Lake City, First 10-22-31 321,573
Source: newspapers

Newspaper Articles (1)

1. July 9, 1933 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, July 9, 1933

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Article Text

4 ARE HELD IN Women, Men Seized in Car Crash at Leon, Ia. Akron, in an effort to obtain clews to robberies other than three admitted by James Martin of Kansas City, Mo., involving Mrs. McCarthy's husband. The four were apprehended Leon, Ia., Friday when stolen car which they were riding crashed into ditch, injuring them slightly. They were returned here Friday night. The Hicks girl at first said she Mrs. Martin but later told she lived in Akron and married there June to Fred Slavaugh, who she said later was sentenced for robbery. She said her parents gave her money for vacation forget the affair. County Attorney Beal said plans charge the two men with robbery and police said they would ask that kidnaping charges added. The pair the duction and robbery of Leonard Yates Thursday night. Yates' car they wrecked at Leon. Date Deposits Payments IOWA. receiver June 26, appointed suspension Amount location Akron First Nat. Bank Albia Peoples Nat. Bank 739,072 50 Waukon, First 1-18-26 Aurelia First Nat. Bank 690,033 243,834 40 Shenandoah, First B. 5-13-26 Aurelia Farmers Nat. Bank 599,132 226,904 40 Clarinda, Clarinda 11-29-26 Bedford Bedford Nat. Bank 231,793 131,182 65 First 12-10-26 Cedar Rapids Merchants Nat 708,295 Britt, First B. Bank 7-19-27 529,744 310,079 62 Waukon, Peoples Centerville First Bank 182,242 70,677 Inwood, First Centerville Centerville Nat. Bank 2-13-29 558,579 388,526 Manchester, First Chariton Nat. Bank Trust Co. 154,787 93,991 65 Rockford, First 2-23-29 Charles City Commercial 691,652 55 Emmetsburg. of 3-15-29 Bank 194,631 123,619 67 Ruthven. First Charter Oak First Nat. Bank 9-16-29 496,376 Montezuma, First Churdan First Bank 10-14-29 401,608 313,946 Red Oak, Farmers Clinton City Nat. Bank 8-12-30 131,813 45,895 42 Ayrshire, First Clinton Clinton Nat. Bank 65,582 Burlington, Merchants 2-30 Columbus Junction Louisa Coun- 51.5 Burt, First Bank 1-31-31 741,247 Cherokee, First Corning Nat. Bank 3-17-30 145,924 46,615 35 Cherokee, Security Council Bluffs City Nat. Bank 12-20-30 177,726 108,696 Inwood, Farmers Dayton First Nat. Bank 66,000 Oskaloosa, Farmers B., Denison First Nat. Bank B. 12-20-30 257,123 131,831 61 Rock First N. Des Moines Central Nat. Bank 260,009 102,487 42.5 Roland, First 11-29-30 Trust Co. B. 3,438,611 Sioux City, Sioux in Des Moines Iowa Des Moines 69,263 Titonka, First 12-30-30 209,247 Nat. Bank 10-18-30 321,173 Villisea, First Dewitt First Nat. Bank 173,382 36,918 Williams, First Diagonal First Bank 128,868 51,123 Bagley, First Dubuque First Nat. Bank 10-22-31 29,414 Blockton, First 119,296 Dyersville Dyersville Nat. Bank 87,412 22,136 Bode, First Dysart Dysart Nat. Bank 98,743 40,766 45 Coin, First Eldon First Nat. Bank 154,152 33,402 23 Doon, First 10-22-31 Eldora Hardin Bank 25,015 12.5 Dougherty, First 12-14-31 190,941 Essex First Bank 144,998 86,700 64.5 Elliott, First Fonda Bank 167,634 122,306 77.5 Essex, Commercial Forest City Forest City Bank 85,997 56 Floyd, First 1-9-31 170,654 Gladbrook First Nat. Bank 108,552 Lake City, First 10-22-31 321,573 Grinnell Poweshiek Bank 245,796 120,449 55 Lehigh, First 8-17-31 Harlan Harlan Bank 8,977 Macksburg, Macksburg 12-22-31 Harvey Bank 9-18-31 202,458 92,138 50 Merrill, First Imogene First Bank 71,268 Milford Security 5-11-31 176,814 Keokuk Keokuk Bank New Hampton, Second 7-14-31 684,980 365,859 Kimballton Landmands Pomeroy, First N. 146,213 51,811 Klemme First Bank Randolph, First 59,054 31,772 Lake Park First Nat. Bank 370,584 38 Rock Rapids, County 10-20-31 1,065,798 Lime Springs First 3-30-31 66,713 First 177,137 Logan First National of 48,889 Bank 12-30-31 152,991 Manning First Sidney, National Bank of 10-15-31 187,069 69,750 Mapleton First Ackley, First 8-10-32 376,739 96,253 Marion First Bank Anamosa, Anamosa 1-27-32 620,019 282,800 Mason City First Nat. Consolidated 7-14-32 3,495,517 999,699 Missouri Valley First Eldora, First 8-10-32 371,924 154,194 47 New Hampton New Mills Glenwood, County 12-27-32 277,219 Bank Independence, 1-32 795,312 212,741 30 Newton Newton Nat. Bank Indianola, First 8-20-32 365,052 83,237 Nora Springs First Nat. Bank Iowa City, First 1-22-32 880,545 338,743 55 Odebolt First Nat. Bank Iowa Falls, First 12-27-32 278,645 50,593 20 Oelwein First Nat. Iowa Falls, State 7-7-32 385,585 53,760 20 Ogden First Lost First 1-11-32 90,906 21,939 20 Osage Osage Farmers Maquoketa, First 6-28-32 523,112 89,400 Paullina First Nat. N. of Milton 6-25-32 77,426 30,723 45 Perry First Northboro. First N. 9-16-32 111,127 Peterson First Bank Northwood, First 197,957 27,589 15 Prescott First Oskaloosa 1-20-32 1,382,759 547,608 Primghar First Nat. First N. 6-11-32 250,030 80,785 35 Red Oak First Nat. Bank Sioux First 155,310 Remsen First Nat. Bank Story City, First 10-10-32 407,206 76,963 21 Riceville First Thompson, First 6-28-32 146,345 27,987 15 Rippey First Vinton, Farmers 2-32 584,961 122,261 23 Shannon City First Waterloo, 7-18-32 4,531,689 1,336,700 40 Sheldon Sheldon Bank Waterloo, Pioneer N. 2-18-32 842,904 Sioux Center First Bank Webster City First 11-30-32 489,542 40,795 10 Sioux First Nat. Bank Wyoming, First 10-11-32 10,185 20 Sioux City Livestock Nat. Bank Buffalo First 1-20-33 71,153 City The Toy Nat. Bank George, First 148,583 22,125 Spencer Clay County Nat. Bank Manilla, First 1-30-33 156,792 Spirit Lake First Nat. Bank Sioux Rapids, First 2-13-33 State Center First Nat. Bank Storm Lake Citizens Totals Bank Stuart First Nat. Bank to appointed levy and collect stock assessment coverThornton First Nat. Bank ing deficiency in value of assets sold. Toledo Nat. Bank Toledo Traer First Nat. Bank CEDAR FALLS Waverly First Nat. Bank Webb Citizens Bank Woodbine First TO CELEBRATE Nat. Bank Sibley First Nat. Bank IN HEAT Farragut First Nat. Bank Anniversary Fete, Music Creston First Nat. Bank tival Planned. Arlington American Nat. Bank Damage Heavy Due Colfax First Nat. Bank Register's CEDAR FALLS, (New Bank) to Lack of Rain. Clarion First Nat Bank town and high school band in the Burlington First Nat. Bank By Staff Writer. state has been invited to par(New Bank) ticipate in the band contest that Sioux City Security Bank throughout southeastern section will be part of Cedar Iowa City First Natl. Capital Bank Kansas have been badly damaged eightieth anniversary celebration (New Bank) OMAHA NEB (P)-A girl who Pella Pella Nat. Bank by continued drought and many an Iowa music festival to be identified herself to police CariWaterloo Nat. Bank of Waterloo total truck farmers report losses eta Hicks, 18, Akron, Ohio, was held here Aug. 10 and 11. (New Bank) held here Saturday with another on their acreage. The two-day festival being Ft. Dodge Dodge Nat. Bank woman and two author- Only light rains have fallen sponsored by chamber Knoxville Community Nat. Bank ities investigated holdup activities the last seven weeks, and they commerce co-operation with Trust Co. (New Bank) the were practically of no value State Teachers college. men here. Total number of banks 94 Police reading the crops. The first day will be devoted to diary Total deposits $125,223,000 Mrs. Mac McCarthy, 23, also High temperatures have dried observance the eightieth anni-