First National Bank (Boswell, IN)

View Charter #5476 on SPMC View balance sheet

Episode Information

Episode UID
547601599
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
54760 national
Charter Number
5476
Start Date
March 4, 1933
Location
Boswell, Indiana (40.521, -87.378)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6c4f9bcc58c7e37c

Response Measures

None

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%

Description

Bank was on limited withdrawal basis under a conservator since the March moratorium before a federal receiver was appointed in October.

Events (5)
1. June 30, 1900 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
March 4, 1933 moratorium/banking holiday led to limited withdrawals and conservatorship.
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
Source
historical_nic
4. October 5, 1933 Receivership
Newspaper Excerpt
Will Duffey received a telegram ... calling for him to go to Boswell and take charge of the National Bank at that town as receiver.
Source
newspapers
5. October 6, 1933 Receivership
Newspaper Excerpt
telegram ... 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.
Source
newspapers

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

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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 from The Monticello Journal, October 6, 1933

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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