Article Text
HAMPTON MAN NAMED ACKLEY BANK RECEIVER Aug. Willford nounced today that Wolf of Hampton, has appointed receiver for the First National bank Ackley, and the First National Ia., placing R. Richards. No change made in attorneys the
3114. First National Bank (Ackley, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 8762
- Charter Number
- 8762
- Start Date
- August 7, 1933
- Location
- Ackley, Iowa (42.554, -93.053)
Metadata
- Model
- gpt-5-mini
- Short Digest
b22fca90
Response Measures
None
Receivership Details
- Depositor recovery rate
- 60.5%
- Date receivership started
- 1932-08-10
- Date receivership terminated
- 1936-03-31
- Share of assets assessed as good
- 10.5%
- Share of assets assessed as doubtful
- 73.9%
- Share of assets assessed as worthless
- 15.6%
Description
Newspaper items from Aug 7–8, 1933 report D. Wolf named receiver for the First National Bank, Ackley, IA. No articles describe a depositor run prior to suspension. RFC report (Sept 7, 1933) refers to the bank as 'receiver', confirming closure under receivership. Classified as suspension leading to permanent closure (receiver appointed).
Events (5)
1.
June 22, 1907
Chartered
- Source
- historical_nic
2.
August 10, 1932
Receivership
- Source
- historical_nic
3.
August 7, 1933
Receivership
- Newspaper Excerpt
- Names Wolf Receiver For Two Iowa Banks ... to be receiver for the First National bank Ackley, Ia., and the First National bank of Eldora, Ia., placing Richards
- Source
- newspapers
4.
August 7, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Appointment of a receiver (bank taken into receivership by authorities); bank suspended operations and a receiver was named.
- Newspaper Excerpt
- Willford announced today that Wolf of Hampton, has appointed receiver for the First National bank Ackley
- Source
- newspapers
5.
September 7, 1933
Other
- Newspaper Excerpt
- The First National Bank of Ackley (receiver, cancelled or withdrew $3,000; ... )
- Source
- newspapers
Newspaper Articles (4)
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Article Text
Names Wolf Receiver For Two Iowa Banks WASHINGTON D. Congressman A. Willford announced the appointment of D. Wolf of Hampton to be receiver for the First National bank Ackley, Ia., and the First National bank of Eldora, Ia., placing Richards
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Article Text
MORE BANK LOANS ARE CANCELLED REPORT OF R. F. C. SHOWS DECREASE IN JULY DISBURSEMENTS. MUCH NOT GIVEN OUT WASHINGTON, Sept. 7, The report of the Reconstruction Finance corporation for July shows that Iowa banking and credit institutions withdrew or cancelled more loans than were authorized or received during the month. The following loans were authorized in July: City Trust and Savings bank, Boone, $50.200 (no amount disbursed to July 31.) First National Bank of Indianola (receiver) $23,000. Second National Bank of New Hampton (receiver) $24,000. Loans totaling 896,257 were authorized by the Regional Agricultural Credit corporation at Sioux City, of which $960,202 was not disbursed to July 31. The Russell State Bank and Trust company withdrew or cancelled a $15,000 loan previously authorized, and the Des Moines Mortgage company withdrew or cancelled a $2,710,550 loan. The First National Bank of Ackley (receiver, cancelled or withdrew $3,000; Citizens National Bank and Trust company of Knoxville (conservator) $10,000; National Bank of Milton (receiver) $7,500. and the Burlington Joint Stock Land Bank of Des Moines, $168,000 These amounts. which were cancelled or withdrawn. do not represent the entire sum of authorized loans
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Article Text
BREMER SUPERVISORS WILL MEET ON JAN. 2 Special Service) Waverly Bremer county board of supervisors adjourned after session Tuesday for consideration of routine yearend business. They will resume the meeting Jan. 2. O. O. Hardwig president of the Lutheran Mutual Aid society seriously in at his home as result of heart Past Noble Grand association will meet Tuesday afternoon Jan. the home of Mrs. Hazel Farr Miss Minnie Bunth and Mrs. G. Reinhardt will be assisting hostesses Mrs. Ena Dungan. an instructor in the University of Oklahoma at Norspending the holiday with her mother Mrs. Margaret Ellsworth. CHICKASAW CWA OFFICER IS APPOINTED New Ia Reilly has replacement for the CWA by P. Donohue Chickasaw county relief administra- SCHMIDT FUNERAL RITES ARE AT NEW HAMPTON were Thursday at here for died 24. Thomas officiated ACKLEY BANK DIVIDEND receiver for First National bank Ackley will dividend early making 45 per paid that institution to