First National Bank - Bagley, IA

Episode Information

Episode UID: 699501628
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 69950 national
Charter Number: 6995
Start Date: August 29, 1935
Location: Bagley, Iowa (41.846, -94.430)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 883f8663d7e8d81b

Response Measures

None

Receivership Details

Depositor recovery rate: 55.9%
Date receivership started: 1931-07-03
Date receivership terminated: 1936-12-11
OCC cause of failure: Governance
Share of assets assessed as good: 42.9%
Share of assets assessed as doubtful: 38.7%
Share of assets assessed as worthless: 18.4%

Events (3)

1. October 12, 1903 Chartered

Source: historical_nic

2. July 3, 1931 Receivership

Source: historical_nic

3. August 29, 1935 Receivership

Newspaper Excerpt: James W. Ryan, who has replaced John Ellis as Receiver of the First National Bank of Bagley, is now on duty each Thursday.
Source: newspapers

Newspaper Articles (1)

1. August 29, 1935 The Bayard News Bayard, IA

Article Text

JAMES RYAN NEW BANK RECEIVER NOW ON DUTY James W. Ryan, who has replaced John Ellis as Receiver of the First National Bank of Bagley, is now on duty each Thursday. Mr. Ryan is also acting as Receiver for the banks at Farnhamville, Lake City, Jewell, and Webster City, Iowa. He has his headquarters at Webster City.