First National Bank - Des Moines, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 389
Charter Number: 389
Start Date: January 1, 1925
Location: Des Moines, Iowa (41.601, -93.609)

Metadata

Model: gpt-5-mini
Short Digest: d5953d2f

Response Measures

None

Description

OCR of the article is heavily garbled. The text states several Iowa banks closed their doors and explicitly lists the First National among institutions affected; no explicit mention of a depositor run is given, so this is classified as a suspension. The article attributes the action to a combination of causes including failures of other banks and shaken public confidence, so I coded cause as local_banks. It is not stated that the bank later reopened; classification assumes permanent closure/suspension based on phrasing closed their doors.

Events (3)

1. April 18, 1864 Chartered

Source: historical_nic

2. March 25, 1871 Voluntary Liquidation

Source: historical_nic

3. January 1, 1925 Suspension

Cause: Local Banks
Cause Details: Combination causes cited: failures of other banks, shaken public confidence and difficulty obtaining depositary bonds/funds.
Newspaper Excerpt: FIVE BANKS ... DES MOINES, Ia., ... banks closed their doors ... included the First National ...
Source: newspapers

Newspaper Articles (1)

1. January 1, 1925 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, January 1, 1925

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Article Text

FIVE BANKS of Causes Given for Combination Suspension of lic Money Withdrawn. DES MOINES, Ia., combination causes, including rights surety probable withpublic deposits, large sums of failure banks obtain depositary bonds for shaken public assigned various tonight for series Iowa today banks closed their doors and of them during day turned the state bankwhich, exert effort to interests depositors. protect These Commercial Savings and banks others included the First National and Savings bank institution Officers declared obtain funds