gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5616292d3318cca9
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%
Events (3)
1.May 1, 1900Chartered
Source
historical_nic
2.January 6, 1927Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to liquidate funds tied up in farm loans; illiquid agricultural assets preventing normal operations
Newspaper Excerpt
voluntarily remained closed Wednesday, while officers of the bank are attempting to arrange for continuing the business
Source
newspapers
3.January 14, 1927Receivership
Source
historical_nic
Newspaper Articles (7)
1.January 6, 1927Iowa City Press-CitizenIowa City, IA
Click image to open full size in new tab
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, 1927Des Moines TribuneDes Moines, IA
Click image to open full size in new tab
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, 1927The Muscatine JournalMuscatine, IA
Click image to open full size in new tab
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, 1927The GazetteCedar Rapids, IA
Click image to open full size in new tab
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, 1927Quad-City TimesDavenport, IA
Click image to open full size in new tab
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, 1927The Daily NonpareilCouncil Bluffs, IA
Click image to open full size in new tab
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, 1927The Des Moines RegisterDes Moines, IA
Click image to open full size in new tab
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.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.