First National Bank - Hiawatha, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2589
Charter Number: 2589
Start Date: May 2, 1932
Location: Hiawatha, Kansas (39.853, -95.536)

Metadata

Model: gpt-5-mini
Short Digest: efbd44d6

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

Article (Macon Chronicle-Herald, 1932-05-02) reports the 'closed First National bank here' and that an assistant receiver is preparing a first dividend of 25%, with checks mailed to the Comptroller of the Currency for approval. No run or depositor panic is described. Therefore this is a suspension that resulted in closure/receivership.

Events (4)

1. November 16, 1881 Chartered

Source: historical_nic

2. January 28, 1932 Receivership

Source: historical_nic

3. 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

4. * Suspension

Cause Details: Article states bank is closed and in receivership but gives no immediate cause for suspension.
Newspaper Excerpt: P. Hayes, assistant receiver of the closed First National bank here, is preparing to first dividend of 25 per cent.
Source: newspapers

Newspaper Articles (1)

1. 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,