Article Text
TWO IOWA BANKS CLOSED DES Nov. banks, Grand River State bank of Grand River, the First National bank Roland, closed today. Frozen as the cause of both given
3714. First National Bank (Roland, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 11249
- Charter Number
- 11249
- Start Date
- November 30, 1930
- Location
- Roland, Iowa (42.166, -93.502)
Metadata
- Model
- gpt-5-mini
- Short Digest
f1f8d5c0
Response Measures
None
Receivership Details
- Depositor recovery rate
- 48.5%
- Date receivership started
- 1930-11-29
- Date receivership terminated
- 1936-03-11
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 52.3%
- Share of assets assessed as doubtful
- 46.0%
- Share of assets assessed as worthless
- 1.7%
Description
Article (Nov 30, 1930) reports First National Bank, Roland, closed with cause given as 'Frozen'. A later (Aug 14, 1931) article refers to a receiver (J. R. Shannon) suing on notes, confirming the bank was placed in receivership and did not reopen. No run is mentioned in the articles.
Events (4)
1.
September 27, 1918
Chartered
- Source
- historical_nic
2.
November 29, 1930
Receivership
- Source
- historical_nic
3.
November 30, 1930
Suspension
- Cause Details
- Reported cause given in the article: 'Frozen' (text unclear; likely frozen funds/assets or freeze-related closure)
- Newspaper Excerpt
- TWO IOWA BANKS CLOSED DES Nov. banks, Grand River State bank of Grand River, the First National bank Roland, closed today. Frozen as the cause of both given
- Source
- newspapers
4.
August 14, 1931
Receivership
- Newspaper Excerpt
- J. R. Shannon, receiver of the First National bank of Roland has filed suit in district court here for judgment of $1,715.64 ... The plaintiff also seeks writ of attachment against all of the defendants' goods.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Receiver Is Suing on Two Notes NEVADA J. R. Shannon, receiver of the First National bank of Roland has filed suit in district court here for judgment of $1,715.64 against Sara Peck and Ray M. Peck on the basis of two promis sory notes. The first note was signed February 21, 1930 and was due September 20. 1930. The sec ond note was given February 1. 1930 and was due February 1931 The plaintiff also seeks writ of attachment against all of the defendants' goods.