First National Bank - Manilla, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5873
Charter Number: 5873
Start Date: January 1, 1933*
Location: Manilla, Iowa (41.890, -95.232)

Metadata

Model: gpt-5-mini
Short Digest: 46817d35

Response Measures

None

Receivership Details

Depositor recovery rate: 90.7%
Date receivership started: 1933-01-30
Date receivership terminated: 1937-07-31
Share of assets assessed as good: 27.2%
Share of assets assessed as doubtful: 62.0%
Share of assets assessed as worthless: 10.8%

Description

Article (Daily Nonpareil, 1933-09-17) reports First National Bank of Manilla 'closed doors last Jan.' and is under a bank receiver (Oscar Helgu...). In Sept the receiver is paying a 45% dividend. No mention of a depositor run; bank was closed and placed in receivership. OCR errors corrected (e.g., 'Sept. 45 per cent dividend will paid depositclosed' interpreted as 'Sept. 45 percent dividend will be paid depositors of the closed First National Bank Manilla this week'). Year for January closure inferred as Jan 1933 based on the Sept 1933 publication date.

Events (5)

1. June 22, 1901 Chartered

Source: historical_nic

2. January 1, 1933* Receivership

Newspaper Excerpt: since time bank receiver, Oscar Helguassistant, Miss Knight have had This first dividend to be paid out.
Source: newspapers

3. January 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (receiver Oscar Helgu mentioned).
Newspaper Excerpt: The First National closed doors last Jan. and since time bank receiver, Oscar Helguassistant, Miss Knight have had ...
Source: newspapers

4. January 30, 1933 Receivership

Source: historical_nic

5. September 17, 1933 Other

Newspaper Excerpt: MANILLA BANK PAYS 45 PCT. DIVIDEND Sept. 45 per cent dividend will paid depositors of closed First National bank Manilla this week.
Source: newspapers

Newspaper Articles (1)

1. September 17, 1933 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, September 17, 1933

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Article Text

MANILLA BANK PAYS 45 PCT. DIVIDEND Sept. 45 per cent dividend will paid depositclosed First National bank Manilla this week. The First National closed doors last Jan. and since time bank receiver, Oscar Helguassistant, Miss Knight have had This first dividend to be paid out.