5860. First National Bank (Hiawatha, KS)

View Charter #2589 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2589
Charter Number
2589
Start Date
January 1, 1932*
Location
Hiawatha, Kansas (39.853, -95.536)

Metadata

Model
gpt-5-mini
Short Digest
e2a872e92a500061

Response Measures

None

Receivership Details

Depositor recovery rate
51.2%
Date receivership started
1932-01-28
Date receivership terminated
1937-08-31
Share of assets assessed as good
19.7%
Share of assets assessed as doubtful
64.7%
Share of assets assessed as worthless
15.6%

Description

Articles report the First National Bank of Hiawatha, KS had suspended/closed and a receiver was appointed (assistant receiver preparing a dividend). No explicit run is described. Closure appears to have been ordered by the bank's board/directors; later the assistant receiver was handling dividends (May 1932). OCR errors in Article 1 were corrected (phrases like 'Bank Suspended', 'First deposits'). Dates: suspension mentioned in Jan 1932 coverage; receivership/dividend activity by May 2, 1932.

Events (4)
1. November 16, 1881 Chartered
Source
historical_nic
2. January 1, 1932* Suspension
Cause
Voluntary Liquidation
Cause Details
Closed/suspended by order of its board of directors (article text indicates directors ordered suspension/closure).
Newspaper Excerpt
BOND Bank Suspended ... Bank of Hiawatha, Kansas ... First National Bank ... was closed Saturday its directors.
Source
newspapers
3. January 28, 1932 Receivership
Source
historical_nic
4. May 2, 1932 Receivership
Newspaper Excerpt
P. Hayes, assistant receiver of the closed First National bank here, is preparing to first dividend of 25 per cent. Checks totaling $75,088 have been mailed to the comptroller of the currency for approval.
Source
newspapers

Newspaper Articles (2)
1. January 22, 1932 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, January 22, 1932

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Article Text

Land Bank Bonds Money Reports New York, Jan. The curb market was dull in the early trading today. Opening changes were Middle West Utilities was heavy spot, dipping half point. Commonwealth Edireacted There activity in Pioneer Gold Mines, which advanced fraç- tionally. Last STOCKS Last warrants. Investment Trust Company Funds Trust Chicago Stocks Century Fixed Wholesale Prices Show Further Drop Washington, Jan. 22. wholesale price index of the National Fertilizer Association showed decline of nine fractional points last week which is the largest recorded in several periods. It now stands at low point The average for is representas 100 in the index. of the fourteen groups includin the index declined, three adDOMESTIC vanced and the remaining one showed no change. The declines in fats and oils, foods, grains, feeds and livestock, fertilizer materials, mixed fertilizer. building materials, chemicals and drugs, house furnishings and miscellaneous commodities. Those which advanced textiles, metals and fuel. The largest declines were shown in the groups of fats and oils, foods, house. furnishings and miscellaneous conimodities. Prices for 36 commodities fell off during the week, while 22 showed gains. Among the declines were burlap, butter, cottonseed oil, oleo, oil, corn oil, tallow, cheese, milk, sugar, flour, potatoes, apples, raisins, peanuts corn, wheat, rice, cattle, hogs, rosin, caster oil, paper, tires, hides and calfskins. Those advancing included cottonseed meal, cotton, silk, lard, pork, bran, middlings. lambs, sheep, steel, copper, silver, kerosene, housefurnishings, and rubber. From the Records N.Y. Bank Stocks Jan. 22, 1932 births, published here been Stocks attention should be penalty. BIRTHS Girls Bartholomew, Companies Andrew Chicago Curbs Johnson Johnson. 816, FIRE CALLS BONDS basement. shares Hiawatha, Kansas, BOND Bank Suspended CONTAGIOUS Kan. Jan. fever Bank of by order its board of PERMITS Guild, president the was the National Bank of closed Saturday its directors. H. First deposits COTTON FUTURES $347,000 31 totaled

2. May 2, 1932 Macon Chronicle-Herald Macon, MO
Article from Macon Chronicle-Herald, May 2, 1932

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Article Text

BRIEFS OBERLIN, city counas an inducement to the people of Oberlin improve their lawns and gardens, have voted to grant 25 cent discount water bills during May, June, July and August. Mo.-Dr. Walter Miller, head of the Missouri University department of classical languages and the recipient of 1932 American Council Learned Societies research and lowship award. The grant is for study ancient crafts and arts as revealed by Greek dramatic poets. IOLA, will be one of the many cities of Kansas to inaugurate tax study club, as originated by the Kansas Chamber Commerce. The course be taught by Attorney Guy Pees. ATCHISON, Lispi of Kansas City has announced that he has the position of athletic at the Christian Brothers' high school, Memphis, Tenn. Lispi, will be graduated from St. Benedicts college June, has been assisting Coach Robert W. Schmidt football and basketball during the past year. FAYETTE, Mo.-A 10 per cent reduction teachers' salaries and the of one less teacher in the high school has announced the Fayette school board. These economies were made necessary by reduction of 10 cents on valuation in the annual levy voted school purposes at recent election. EMPORIA, seniors officially recognized recently at the College of Emporia the first step the 1932 graduation the faculty, freshman, sophomore and junior classes paid tribute to the students. William Edward of Blue Rapids president of the senior class. VERSAILLES, Sarah Ann Jones, who lives four miles southwest here, will celebrate her 101st birthday May RICHMOND, in the Richmond schools are working the last month of school for nothing. BROOKFIELD, baby chick reached the height of production in April since they established three years ago. An average of 5,000 baby chicks were shipped daily from the hatcheries during April. LINDSBORG, going to be without its only tinship this summer when John S. Johnson, local citizen more popularly known as "Tinner John," who has been engaged in his present business here for nearly 30 makes threemonths trip to Sweden. HOLDEN, tons of flour has ordered by Dr. Schofield, chairman the Red Cross of Johnson county for distribution among the needy families the county. The flour from Federal Farm Board wheat. HIAWATHA, P. Hayes, assistant receiver of the closed First National bank here, is preparing to first dividend of 25 per cent. Check totaling $75,088 have been mailed to the comptroller of the currency for approval. MANHATTAN, WinEvans Reeves of Keokuk, editor of the Record, headlines the list of outstanding speakers at the state E. convention to held here May 6. Others scheduled appear on the program are Mrs. Alice Scott, Omaha, past president of the supreme chapter; Mrs. Virginia Stockard, founder and donor of Cottey College, Nevada, Mo.; Dr. Mary Rose Prosser, president of Cottey, and Miss Hortense Heaton, Cottey college student. COLUMBIA, of Miss Margery Bowyer, Tulsa, Okla., president of the Christian College Twelfth Night Club, controlling campus social organization has been announced. Other officers: Vicepresident, Bland Kirk, Gower; secJulia Brewer, Chelsea, Okla. HIAWATHA, havsentenced woman to prison in the nine years he has presided trict judge over three counties, John Ryan broke his record centiy in giving Mrs. Parris Bryson penitentiary sentence along with her husband. The was found pair guilty of forgery. RICHMOND, reduction of more than $75,000 or approximately 33 per cent in income subject to state income tax shown in the abstract of the state income tax assessment book completed today the office of the Ray county clerk. The only man in the world who could steens with his teeth died his home on the Miller Broth101 Ranch near Arkansas City, Kan. A New Hampshire man was picked from an automobile accident and taken the morgue, listed On the he woke way and took swing at his police tendant. Great flocks of sea gulls ate thousands of mice that were driven higher land by floods near Klamath Falls, Ore. Fifty persons are dead and many missing result of disastrous floods which have swept down valleys of Rumania,