Article Text
Bank Receiver Moved to Thompson Russell. has been receiver the closed First Bank Bode. has been receiver the recently National Bank Russell received word effect last week Wednesday will leave soon take up his location.
3168. First National Bank (Bode, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 10371
- Charter Number
- 10371
- Start Date
- July 5, 1932
- Location
- Bode, Iowa (42.868, -94.290)
Metadata
- Model
- gpt-5-mini
- Short Digest
10388788
Response Measures
None
Receivership Details
- Depositor recovery rate
- 65.6%
- Date receivership started
- 1931-10-01
- Date receivership terminated
- 1937-12-23
- Share of assets assessed as good
- 13.8%
- Share of assets assessed as doubtful
- 77.5%
- Share of assets assessed as worthless
- 8.7%
Description
No bank run is mentioned in the articles. The First National Bank of Bode is described as closed and placed in receivership; receiver later relocated and resigned. Classified as a suspension leading to closure/receivership (government action).
Events (5)
1.
April 23, 1913
Chartered
- Source
- historical_nic
2.
October 1, 1931
Receivership
- Source
- historical_nic
3.
July 5, 1932
Receivership
- Newspaper Excerpt
- Russell. has been receiver the closed First Bank Bode. has been receiver the recently National Bank Russell received word effect last week Wednesday will leave soon take up his location.
- Source
- newspapers
4.
July 5, 1932
Suspension
- Cause
- Government Action
- Cause Details
- Bank was closed and placed in receivership (receiver in charge).
- Newspaper Excerpt
- Russell. has been receiver the closed First Bank Bode.
- Source
- newspapers
5.
January 5, 1934
Other
- Newspaper Excerpt
- Announcement was made in Bode week ago that Selby Russell, receiver, and assistant Mr. Mitchell, of the First National bank have resigned from their positions there.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Receiver and Assistant Resign Announcement was made in Bode week ago that Selby Russell, receiver, and assistant Mr. Mitchell, of the First National bank have resigned from their positions there. Both have cured permanent positions with insurance company at MilwauWisconsin. Mr. Russell will be employed in the central office Milwaukee and Mitchell work field representative the company.