First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6764
Charter Number: 6764
Start Date: April 20, 1933
Location: Doon, Iowa (43.279, -96.233)

Metadata

Model: gpt-5-mini
Short Digest: 5d45756b

Response Measures

None

Receivership Details

Depositor recovery rate: 48.1%
Date receivership started: 1931-10-22
Date receivership terminated: 1936-08-14
Share of assets assessed as good: 8.1%
Share of assets assessed as doubtful: 76.7%
Share of assets assessed as worthless: 15.2%

Description

Article (Sioux City Journal, 1933-04-20) refers to Charles A. Cuttell as receiver of the First National Bank of Doon, indicating the bank was in receivership (closed). No mention of a prior run in the provided text.

Events (3)

1. May 2, 1903 Chartered

Source: historical_nic

2. October 22, 1931 Receivership

Source: historical_nic

3. April 20, 1933 Receivership

Newspaper Excerpt: Charles A. Cuttell receiver of the First National bank of Doon, who sued the Rice Bros. Commission company for $386.
Source: newspapers

Newspaper Articles (1)

1. April 20, 1933 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, April 20, 1933

Click image to open full size in new tab

Article Text

Bank Receiver Loses Suit on Cattle Purchase A verdict for the defendant was returned by a jury in district court Wednesday in the case of Charles A. Cuttell receiver of the First National bank of Doon, who sued the Rice Bros. Commission company for $386. The plaintiff alleged that the firm had purchased cattle from Henry C. Meyer, Lyon county farmer, on which the bank had a chattel mortgage.