First National Bank - Merrill, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10889
Charter Number: 10889
Start Date: January 29, 1932
Location: Merrill, Iowa (42.720, -96.249)

Metadata

Model: gpt-5-mini
Short Digest: 8f83ea0e

Response Measures

None

Receivership Details

Depositor recovery rate: 66.4%
Date receivership started: 1931-09-18
Date receivership terminated: 1936-01-17
Share of assets assessed as good: 54.6%
Share of assets assessed as doubtful: 44.1%
Share of assets assessed as worthless: 1.3%

Description

Article (Sioux City Journal, 1932-01-29) reports the appointment of a federal receiver for the defunct First National Bank of Merrill, IA. No run is mentioned in the text; the bank is described as defunct and placed in receivership, consistent with a suspension followed by permanent closure.

Events (4)

1. August 18, 1916 Chartered

Source: historical_nic

2. September 18, 1931 Receivership

Source: historical_nic

3. January 29, 1932 Other

Newspaper Excerpt: H. M. Kirkman, receiver of the Sioux National bank, has been appointed receiver of the defunct First National bank of Merrill, Ia., by the United States controller of currency.
Source: newspapers

4. January 29, 1932 Receivership

Newspaper Excerpt: H. M. Kirkman ... has been appointed receiver of the defunct First National bank of Merrill, Ia., by the United States controller of currency.
Source: newspapers

Newspaper Articles (1)

1. January 29, 1932 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, January 29, 1932

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Article Text

New Receiver Is Appointed for a Bank at Merrill H. M. Kirkman, receiver of the Sioux National bank, has been appointed receiver of the defunct First National bank of Merrill, Ia., by the United States controller of currency. Mr. Kirkman will remain at the Sioux bank and keep his headquarters Sioux City. Mr. Kirkman succeeds C. E. Reddin receiver of the Merrill bank: Mr. Reddin has been appointed receiver of a national bank at Anamosa, Ia. A. L. Blenderman, a member of the receivership staff at the Sioux National bank, will go to Merrill to take active charge of affairs there under the supervision of Mr. Kirkman, the Sioux receiver announced. We buy the skins, And make the furs. 613 Pierce St. August Williges, Inc.