Farmers National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8367
Charter Number: 8367
Start Date: October 1, 1934*
Location: Garner, Iowa (43.102, -93.602)

Metadata

Model: gpt-5-mini
Short Digest: dce27947

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-03-20
Date receivership terminated: 1936-07-21
Share of assets assessed as good: 78.6%
Share of assets assessed as doubtful: 15.4%
Share of assets assessed as worthless: 6.1%

Description

Article describes the Farmers National Bank of Garner as closed and placed in receivership; dividends being paid to depositors are discussed. No mention of a prior depositor run in the provided text. Closure appears to be permanent with a receiver handling payouts.

Events (4)

1. September 17, 1906 Chartered

Source: historical_nic

2. March 20, 1934 Receivership

Source: historical_nic

3. October 1, 1934* Suspension

Cause: Government Action
Cause Details: Bank was closed and a receiver appointed (receiver handling dividends and payouts).
Newspaper Excerpt: closed Farmer's National bank Garner, Ia.
Source: newspapers

4. October 29, 1934 Receivership

Newspaper Excerpt: acting as receiver for the closed Farmer's National bank Garner, Ia., ... dividend ... has already been paid to depositors ... asked the comptroller of the currency to pay another ... amounting to about $40,000.
Source: newspapers

Newspaper Articles (1)

1. October 29, 1934 The Daily Times Davenport, IA

Article from The Daily Times, October 29, 1934

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Article Text

Praises Record as Bank Receiver An article praising the receivership W. Davenport man, who acting as receiver for the closed Farmer's National bank Garner, Ia., for his businesslike conduct the receivership, pears recent issue of the GarLeader. The article points out that dividend cent has already been depositors and that asked the comptroller of the currency for to pay another of per cent, amounting to about $40,000. Not single foreclosure has been made action started, is stated, the sum of collected during the last five months has been as near Mr Weir quoted in the article the belief that bank will pay out cents on the dollar.