3628. First National Bank (Moulton, IA)

View Charter #5319 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5319
Charter Number
5319
Start Date
January 6, 1927
Location
Moulton, Iowa (40.686, -92.677)

Metadata

Model
gpt-5-mini
Short Digest
0181853a

Response Measures

None

Receivership Details

Depositor recovery rate
81.6%
Date receivership started
1927-01-14
Date receivership terminated
1930-08-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
44.9%
Share of assets assessed as doubtful
45.8%
Share of assets assessed as worthless
9.3%

Description

Multiple contemporaneous newspaper reports (Jan 6, 1927) state the First National Bank of Moulton 'voluntarily remained closed' due to inability to liquidate funds tied up in farm loans. Articles explicitly state there was no run. Reports describe a voluntary suspension; no clear evidence in these clippings that the bank later reopened, so classified as suspension_closure.

Events (3)
1. May 1, 1900 Chartered
Source
historical_nic
2. January 6, 1927 Suspension
Cause
Voluntary Liquidation
Cause Details
Officers voluntarily kept the bank closed because funds were frozen/tied up in farm loans and could not be liquidated.
Newspaper Excerpt
The First National bank of Moulton ... voluntarily remained closed Wednesday, while officers of the bank are attempting to arrange for continuing the business. There was no run on the bank and its closing was caused by the inability to liquidate funds that are tied up in farm loans.
Source
newspapers
3. January 14, 1927 Receivership
Source
historical_nic

Newspaper Articles (7)
1. January 6, 1927 Iowa City Press-Citizen Iowa City, IA
Article from Iowa City Press-Citizen, January 6, 1927

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Article Text

MOULTON BANK CLOSES TODAY MOULLTON, Ia., Jan. National bank First capital stock Moulton, with voluntarily remained closofficers of the bank ed today, while attempting to arrange for the business. There tinuing the bank and its closno "run" on by the bank's ining was caused funds that are ability to liquidate tied in farm loans. up

2. January 6, 1927 Des Moines Tribune Des Moines, IA
Article from Des Moines Tribune, January 6, 1927

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Article Text

FIRST NATIONAL AT MOULTON CLOSED. Moulton. Ia., Jan. 6 National bank Moulton, with capital stock remained closed yesterday. while officers of the bank are attempting to arfor continuing the business. There on the bank and closing was caused by the inability to liquidate funds that are tied up in farm loans.

3. January 6, 1927 The Muscatine Journal Muscatine, IA
Article from The Muscatine Journal, January 6, 1927

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Article Text

OWNED FARMS YIELD BIG PROFIT Des Jan. Farms owned state institutions under supervision of the state board control in the last legislative biennium returned to net profit of from the sale products. the biennial report the board to shows. The value all products sold listed These farms consist acres valued Value of livestock owned the on farms value of listed at and the net profit from milk The production per milk for the period was pounds. Moulton Bank Closes. Moulton, Jan. First National Moulton, capital stock of voluntarily remained closed Wednesday, while officers of the bank attempting arrange for continuing the business. There was no the bank and closing caused by the bank's inability liquidate funds that are up farm loans.

4. January 6, 1927 The Gazette Cedar Rapids, IA
Article from The Gazette, January 6, 1927

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Article Text

THREE MORE BANKS IN STATE ARE CLOSED Jan. The First National bank Moulton, with capital stock $35,000 vol. untarily remained closed yesterday, while officers of the bank were tempting to arrange for continuing the There no "run" the bank and its closing caused by the inability liquidate money that is tied up in farm loans. NEVADA. Ia., Jan. Peoples Savings bank was closed here today. due continued with drawals Deposits amounted about $400,000. bank The First National closed its doors yesterday.

5. January 6, 1927 Quad-City Times Davenport, IA
Article from Quad-City Times, January 6, 1927

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Article Text

MOULTON BANK CLOSES; FROZEN ASSETS; NO RUN Moulton. Jan. First National bank with capital stock of remained closed Wednesday. while the bank are to arrange for the There was no on the bank and its closing was by the bank's inability liquidate funds tied in farm up

6. January 6, 1927 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, January 6, 1927

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Article Text

TWO BANKS CLOSED. Press.) First National bank of Moulton, with capital stock of $35,000, voluntarily today while officers the attempting to range for the , business. There "run" the its closing by the bank's funds that are tied up in farm loans. Associated Press. Jan. Peoples Savings bank was closed today, due Deposits amounted to about $400,000. remains First National closed its doors yesterday.

7. January 7, 1927 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, January 7, 1927

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Article Text

First National Bank of Moulton Is Closed Moulton, Ia., Jan. 6 The First National bank of Moul. ton, Ia., with capital stock of $35 000 voluntarily remained closed today. while of the bank attempting to arrange for continuing the business There was no run on the bank and its closing was caused by the bank's inability to liquidate funds that are tied up in farm loans.