3673. Oskaloosa National Bank (Oskaloosa, IA)

View Charter #2417 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2417
Charter Number
2417
Start Date
May 12, 1932
Location
Oskaloosa, Iowa (41.296, -92.644)

Metadata

Model
gpt-5-mini
Short Digest
841c6ff2

Response Measures

None

Receivership Details

Depositor recovery rate
60.0%
Date receivership started
1932-01-20
Date receivership terminated
1939-04-04
Share of assets assessed as good
16.6%
Share of assets assessed as doubtful
81.2%
Share of assets assessed as worthless
2.2%

Description

Newspaper items (May 12, 1932) refer to Melvin Royer as the bank's receiver; RFC lists the Oskaloosa National Bank as 'receiver' in Jan 1933. No article describes an antecedent depositor run or a reopening. Evidence indicates the bank entered receivership and remained closed.

Events (3)
1. March 12, 1879 Chartered
Source
historical_nic
2. January 20, 1932 Receivership
Source
historical_nic
3. May 12, 1932 Receivership
Newspaper Excerpt
He is the son of Melvin Royer, receiver for the Oskaloosa National bank
Source
newspapers

Newspaper Articles (4)
1. May 12, 1932 Iowa City Press-Citizen Iowa City, IA
Article from Iowa City Press-Citizen, May 12, 1932

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Article Text

CHECK STORY OF Youth Claims to Have Been Kidnaped and Taken on Ride DES MOINES Police Thursday awaited the return from Chicago of bus driver to pursue further an investigation into the story told Chicago police by Charles Royer, 19, of Oskaloosa, that he was kidnaped here and to Chicago by two men. George John, ticket agent local bus depot, Wednesday tified photograph Royer that youth who purchased ticket Chicago Saturday night and boarded an eastbound bus. Police sought to establish further identification by the bus driver and determine the young man's destination. Royer was picked up by Chicago police Wednesday as he was about to send telegram to his father. bank receiver at Oskaloosa. He said he had been kidnaped by two men upon emerging from local theater and escaped by jumping from their car Chicago He the son Melvin Royer, receiver for the Oskaloosa National bank, and student Simpson college, Indianola,

2. May 12, 1932 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, May 12, 1932

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Article Text

POLICE PROBING KIDNAP VERSION BUS. DRIVER'S STORY CONTRADICTS IOWAN'S ABDUCTION CLAIMS. lice today awaited the return from Chicago of a bus driver to pursue further an investigation into the story told Chicago police by Charles Royer, 19, of Oskaloosa, that he was kidnaped here and tak en to Chicago by two men. George John, ticket agent at a local bus depot, yesterday identified a photograph of Royer as that of youth who purchased a ticket to Chicago Saturday night and boarded an east-bound bus. Police sought to establish furth or identification by the bus driver and determine the young man's destination. Royer was picked up by Chicago police yesterday as he was about to send a telegram to his father, R bank receiver at Oskaloosa. He said he had been kidnaped by two men upon emerging from a local theater. He is the son of Melvin Royer, receiver for the Oskaloosa National bank, and student at Simpson college, Indianola, Ia.

3. January 26, 1933 Globe-Gazette Mason City, IA
Article from Globe-Gazette, January 26, 1933

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Article Text

R. LOANS TO IOWA BANKS DECEMBER LOANS Loans authorized during December: IOWA Benton County State bank. Security Savings Farmers State (receiver) Carpenter Savings bank City National Bank Clinton Clinton Savings bank Council State Savings bank Union Savings Bank and Trust Des Farmers Trust Savings Citizens Savings bank Franklin County State bank The Hartwick State Commercial State bank (reThe First National Bank (receiver) Iowa Iowa City Savings bank (recounty Savings bank (receiver) The State National Bank Iowa Falls Farmers Trust and Savings bank Security State bank First National Bank of Mars Savings bank Lone Tree, Lone Tree Savings bank $14.The First National Farmers Savings bank Mitchell Savings bank Farmers Trust and Savings bank Oskaloosa The Oskaloosa National bank (receiver) State bank First Savings Bank Citizens Savings bank The Sheffield (receiver) Sheldon. Security State Farmers bank West Branch, Citizens Savings bank Madison County Savings Davenport Life Insurance Business Men's National Fire InsurIowa Insurance Dallas Center Bankers Livestock Regional Credit Corporation Sloux City Jan. 26. five month report of the Reconstruction Finance corporation showed the loans following among those for Iowa: AND TRUST COMPANIES Total Amounts Repayments Authorized Disbursed Principal Anamosa Anamosa National Bank 72,000 72,000 Bank 42,000 1,220 Security 75,000 Poweshiek County Savings Bank 17,000 13,745 Savings 56,000 52,100 6,045 Buffalo, Buffalo 25,000 25,000 25,000 and Trust 8,936 Savings Bank 140,000 140,000 Burlington Savings 65,000 65,000 2,075 Savings Bank 74,000 74,000 Cedar 168,000 167,800 15,457 Cedar Cedar Rapids Bank and 300,000 28,985 Cedar Iowa State Savings Bank 327,500 Rapids, Savings 140,000 Savings 12,500 12,500 3,500 Savings Bank Citizens National 24,710 National Bank Clinton 311,750 32,002 State Savings Bank 170,000 170,000 115,000 625 Bank Trust 2,000,000 1,931,404 American and Trust 2,000,000 815,634 American 125,000 111,450 10,357 Trust 19,000 18,650 Savings Bank 100,000 Bank 90,000 89,950 2,692 Northwest Davenport Savings 9,225 Union Savings Trust 1,500,000 1,500,000 85,985 Union Savings Bank Trust 1,250,000 385,914 205,274 Davenport Union and Trust 600,000 Decorah, State 115,000 115,000 3,000 Moines, Home Savings 135,000 134,960 25,826 Valley 370,000 Farmers and Citizens Savings Bank 68,000 2,336 Dubuque, National Bank 250,000 200,000 United States 125,000 125,000 1,850 Liberty Savings Bank 24,000 3,137 Savings Bank 20,000 18,000 18,000 Elkader, Central and Trust Co. 150,000 150,000 5,895 Elkader, Central 45,000 45,000 2,825 Bank 105,000 105,000 27,194 First Bank 72,000 68,376 19,809 First 100,000 20,060 55,000 55,000 1,501 50,000 1,875 130,000 130,000 and Trust 375,000 368,906 74,187 Dodge, Trust 33,813 Fort Dodge 182,500 46,826 Savings Bank 90,000 90,000 Gowrie 19,000 19,000 100 7,500 7,500 Savings 40,000 40,000 13,835 Grundy Trust Savings Bank Citizens National Bank 50,000 Bank 8,500 3,106 National Bank 74,000 3,161 Farmers 30,000 2,900 Inwood 3,000 17,800 Peoples Savings Bank 16,000 16,000 Lemars, Trust 24,927 15,000 2,404 Savings Bank 60,000 Lemars, Lemars Loan Trust 19,500 1,189 Farmers 36,000 36,000 5,615 Savings Bank Maquoketa, 26,000 Bank 22,705 Valley 40,000 Montezuma, 1,280 Montezuma Bank 90,000 258 Vernon Bank and Trust Co. 175,000 175,000 Muscatine, National 115,000 National 17,000 17,000 Oelwein. First First National Pomeroy, State 1,045 First National Bank 15,000 State Bank 100,000 80,000 Sloux Sioux Center State 17,500 City 146,000 118,900 Stanwood, Union Trust and Savings 31,000 30,057 Tama Bank 49,200 Farmers Savings 40,000 40,000 Farmers National Bank 100,000 100,000 State Bank 50,000 48,400 Wallingford, Farmers Savings Bank 20,000 Commercial National Bank 350,000 70,000 Webster Farmers National Bank 70,000 Bank 42,000 West 42,000 Branch, Citizens Savings 38,000 12,920 BUILDING AND LOAN Cedar Rapids, Perpetual Savings and Loan 195,000 144,969 Dubuque, Building and Association 225,000 225,000 LIFE Cedar Life Insurance 100,000 100,000 Davenport, Guaranty Insurance 190,000 Guaranty Insurance 175,000 175,000 14,250 Des Union Mutual Automobile Insurance 45,000 45,000 Witt. Iowa Mutual Casualty Association 10,500 10.500

4. January 26, 1933 The Muscatine Journal Muscatine, IA
Article from The Muscatine Journal, January 26, 1933

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Article Text

Early Are Announced (Continued From 1.) the First Central Trust company of Ohio, 000: Union Guardian Trust Detroit, and the Union Trust of Railroad Borrowings. Railroads likewise were being told they could borrow $224,147,000. Of this, was allowed the Baltimore and Ohio, and went to the PennOther 000 of amounts down few thousand dollars authorized from coast to coast. Along with this special report, the corporation submitted the monthly statement on its December activities. Loans approved and money allocated in that month totalled This latter analysis that the end the year the corporation assets and cash balance of $7,927,000. December Authorizations. The December loan authorizations or allocations included: $80,for financial institutions and $35,837,000 for state relief. for self-liquidating projects, for facilitating agricultural exports, to the secretary of ag. riculture for loans and advanced to farmers for capital in agricultural credit corporations and subscription to home loan bank stock. The corporation that prevailing low money rates it had, in December. decreased its interest rates onehalf per cent. Iowa Loans in December. R. loans authorized during December to Iowa institutions folBenton County State $17,000. Boone, Security Savings $75,000. Boxholm. Farmers State bank (receiver), $7,000. Carpenter, Carpenter Savings Clinton, City National bank of Clinton, $111,000. Clinton, Clinton Savings bank $150,000. Council Bluffs, State Savings bank, $98,000. Davenport, Union Savings Bank and Trust company Davenport Des Moines, Home Savings bank, $1,000. Farmers Trust and Savings Eldora, Citizens Savings bank $8,000. Exira, Exchange State bank, Gray, Farmers Savings bank Hampton, Franklin State bank, $20,000. Hartwick. The State bank. $11,000. Independence, Commercial State bank (receiver), $40,000. Indianola, The First National bank of Indiacola (receiver), $75.Iowa City, Iowa City Savings bank (receiver), $35,000. Iowa City, Johnson County Sav. ings bank (receiver), $140,000. Iowa Falls, The State National bank of Iowa Falls (receiver). $35,500. Joice, Farmers Trust and Savings bank, $13,000. Keota, Security State $13,000. The First National bank of LeMars, Lohrville Savings bank, $14,000. Lone Tree, Lone Tree Savings bank, Maquoketa, The First National bank of Maquoketa (receiver), Meservey, Farmers Savings bank (receiver), $9,500. Mitchell, Mitchell Savings bank Farmers Trust and Savings bank, $2,500. Oskalooss, The Oskaloosa Na. tional bank (receiver, $142,000. Randolph, Randolph State bank $3,814. Reinbeck, First Savings bank of Reinbeck, $7,000. Sac City, Citizens Savings bank $41,000. Sheffield, The First National