First National Bank (Boswell, IN)

View Charter #5476 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
March 4, 1933
Location
Boswell, Indiana (40.521, -87.378)
Bank Type
national
Charter Number
5476

Metadata

Episode ID
Bank ID
City ID
180431372
Model
gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-10-03
Date receivership terminated
1937-05-24
Share of assets assessed as good
55.9%
Share of assets assessed as doubtful
31.8%
Share of assets assessed as worthless
12.3%

Notes

Bank was under a conservator on a limited-withdrawal moratorium from March and later placed in receivership in October.

Events (4)
1. June 30, 1900 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Placed on a moratorium/limited withdrawal basis and placed under a conservator beginning March 4, 1933.
Newspaper Excerpt
the bank has been on a limited withdrawal basis and in charge of a conservator since the moratorium on March 4th.
Source
newspapers
3. October 3, 1933 Receivership
Newspaper Excerpt
received a telegram ... to go to Boswell ... and take charge of the First National Bank at that place as receiver.
Source
newspapers
4. October 3, 1933 Receivership
Source
historical_nic

Newspaper Articles (2)
1. October 5, 1933 The Burnettsville News Burnettsville, IN

Article Text

Appointed Bank Receiver

Will Duffey received a telegram Tuesday evening from thestate bank. ing department calling for him to go to Boswell and take charge of the National Bank at that town as receiver. The bank has been in the hands of a conservator for some time past What action Mr Duffev is to take with the affairs of the bank in not known.

2. October 6, 1933 The Monticello Journal Monticello, IN

Article Text

Appointed Bank Receiver

Will Duffey, of Burnettsville, received a telegram Tuesday evening from the Comptroller of the Currency at Washington telling him to go to Boswell, Benton county, and take charge of the First National Bank at that place as receiver. The bank has been on a limited withdrawal basis and in charge of a conservator since the moratorium on March 4th. The Benton Revew, Fowler, says