First State Bank - Hawkeye, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1927*
Location: Hawkeye, Iowa (42.939, -91.950)

Metadata

Model: gpt-5-mini
Short Digest: ecbc2522

Response Measures

None

Description

Article reports that the First State Bank at Hawkeye was closed in 1927 and that bank officers (cashier Henderson and president Bevins) were later convicted of fraudulent banking for receiving deposits while the institution was insolvent. No run is mentioned; closure appears permanent.

Events (2)

1. January 1, 1927* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank officers received deposits while the institution was insolvent; fraudulent banking; insolvency leading to closure in 1927.
Newspaper Excerpt: receiving deposits the First State Bank Hawkeye, which he cashier, just before was closed 1927.
Source: newspapers

2. * Other

Newspaper Excerpt: Henderson Guilty Of Violation of State Banking Laws ... convicted yesterday by jury of fraudulent banking ... The jurors found that he had committed acts of fraud in receiving deposits ... Recently, Bevins, president of the institution, was convicted and sentenced to 20 years ...
Source: newspapers

Newspaper Articles (1)

1. May 15, 1928 The Daily Times Davenport, IA

Article from The Daily Times, May 15, 1928

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Article Text

Henderson Guilty Of Violation of State Banking Laws WEST UNION. May (Associated for passing sentence upon Henderformer state banking commissioner. convicted yesterday by jury of fradulent banking, set district court here today by Judge H. Taylor. The former head of the state banking department was found guilty fraud last night which deliberated hours. The jurors found that he had mitted acts of fraud in receiving deposits the First State Bank Hawkeye, which he cashier, just before was closed 1927. charged that the time he knew the institution was insolvent. Henderson was the second ficial of the closed bank to found guilty of the charge. Recently, Bevins, president of the institution, was convicted and sentenced to 20 years in Fort Madison penitentiary. Similar evidence was used against both.