9993. First National Bank (Tyler, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6203
Charter Number
6203
Start Date
February 2, 1932
Location
Tyler, Minnesota (44.278, -96.135)

Metadata

Model
gpt-5-mini
Short Digest
8b98c1c9

Response Measures

None

Receivership Details

Depositor recovery rate
66.7%
Date receivership started
1930-12-23
Date receivership terminated
1936-10-29
OCC cause of failure
Economic conditions
Share of assets assessed as good
25.0%
Share of assets assessed as doubtful
64.0%
Share of assets assessed as worthless
11.0%

Description

Articles indicate the First National Bank of Tyler was placed in receivership (receiver Fred R. Orth) by Feb 2, 1932 (Article 1). By Sept. 1932 the bank (listed as '(receiver)') was authorized an RFC advance of $42,000 (Article 2). There is no description of a depositor run in the articles. OCR errors corrected (ceiver -> receiver).

Events (5)

1. April 10, 1902 Chartered
Source
historical_nic
2. December 23, 1930 Receivership
Source
historical_nic
3. February 2, 1932 Receivership
Newspaper Excerpt
The First National Tyler, Minn., and Fred R. Orth, the bank's ceiver
Source
newspapers
4. February 2, 1932 Suspension
Cause
Government Action
Cause Details
Receiver (Fred R. Orth) appointed for the bank, indicating suspension/closure by regulatory/receivership action
Newspaper Excerpt
The First National Tyler, Minn., and Fred R. Orth, the bank's ceiver
Source
newspapers
5. September 1, 1932* Other
Newspaper Excerpt
First National bank Tyler, (receiver), $42,000; ... loans during September ... First National bank Tyler, (receiver). $42,000
Source
newspapers

Newspaper Articles (2)

Article from Argus-Leader, February 2, 1932

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Article Text

Around the Courthouse IN CIRCUIT COURT Henry Falls, instituted legal action in circuit court today to clear title to parcel of Falls real estate. The First National Tyler, Minn., and Fred R. Orth, the bank's ceiver, were Claude Hamilton is Seibert's attorney. decree of divorce, custody of two minor and $50 support money sought in circourt today in suit filed by Pearl Sioux Falls, against Otto Meyer, Sioux Falls. The complaint cruelty. The couple was married in Minn., on October 15. Danand Davenport are the plaintiff's IN PROBATE COURT An admitting will of Louis Vehrkamp to probate and letters of adminiswith the annexed issued to Milton Rich He filed bond and qualified. Conway, the der administrator and Conway are attorneys for Letters of administration of the estate of Magnus Johnson sued to Eddie Johnson Charles Johnson. They filed and qualified. the Halls dministrators. of Garretson is attorney for An order has been made appointing Nettie Richmond guardian of persons and estates of Melvin and Michael minors. She her bond Claude Hamilton is attorney for the guardian. An order has been made appointMary P. guardian of person estate of Michael Joseph Schreier, minor She filed her bond and Claude Hamilton is attorney for the guardian. MARRIAGE LICENSES Glen Weber Estherville, Ia. Fern Opal Brunsvold Ia Henry G. Lonien Des Ruth E. Adams Moines, Ia


Article from Star Tribune, October 23, 1932

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Article Text

GETR.F.C.CASH Two Twin Cities Institutions Among Those Given Loans in September. the Oct. to 28 banks in Minnesota authorized by the Finance corporation during the month of Sep. tember. This is shown by report body on government loans to banks and trust companies, building and loan associations and other nancial institutions all parts the country, with the clerk of the house of representatives Satur The list includes two Twin City banks. The Camden Park bank of Minneapolis was allotted and State bank St. Paul, $51,000. Minnesota loans range from $60,000 to $3,000, and with exception they were made at The report shows that advances of the Columbia National bank at Columbia Heights. and 000 for the Citizens National bank at Faribault were approved that the funds been disbursed. Other State Advances. Other advances Minnesota banks were: State Bank of Aurora, Aurora, $37,500; State Bank of Beroun, Beroun, $9,000; State Bank of Bigelow, Bigelow, First State bank at Carver, $8,500; State Bank of Cold Spring Cold $5 Farmers State bank, Guthrie, 000: Peoples' State bank, Harmony, $22,000: Farmers' State bank. Hay. ward. $12,500; State Bank of Kenyon, Kenyon, bank, Lafayette $15,000; Farmers' State ers' State bank. Madelia, $10,000: Security State bank. Pine Island, $16.000; Prior Lake State bank, Prior Lake, $5,500: Randall State bank, National bank, James, First State bank. Storden, $10,000; State bank, Taunton, First National bank Tyler, $42,000; Bank of Willmar, Willmar. $9,930; SecurFarmers' State bank. Jasper $3,000. North and South Dakota Advances for North Dakota banks authorized were: State bank at Ashley, $18,837: First National bank, Security bank $11,000; Farmers' Security bank Washburn, $8,000. The advances for the First National bank Buxton and the Farmers' Merchants bank at Brocket have not been disbursed. South Dakota- Bank of A1. cester Alcester. First Na 000: not disbursed: First State bank. 000: First State bank, Wolsey, $15,000. Loans in Minnesota. Loans during Septem ber banks and trust companies "exclusive of amounts withdrawn or cancelled during the month, were listed to include the following: State Bank of Aurora, State Bank of $9,000: Bigelow, State Bank of Bigelow, First State bank. $8,500 Cold Spring. State Bank of Cold Spring. $5,000; Columbia Heights, Columbia Nation al bank, (receiver), $19 Faribault, Citizens National bank, $60 ley. State Bank of Foley $7,000 Guthrie, Farmers State Bank curity State bank, Harmony, Peoples State bank. $22,000: Hay. ward, Farmers State Bank of Hay. State Bank of Jasper, $3,000: KenState Bank of State Bank of Madelia Inc., Bank of Pine Island. Securities State Bank Pine Island. $16 Prior Lake, Prior Lake State St. James, and Securities National St. Paul. East Side State Bank of St. Paul, $51 000; Storden. State Bank of Storden. $10,000: Taunton. State Bank of Taunton. 000: Tyler. First Na. tional Bank of Tyler. (receiver). $42.000: Willmar, Bank of Willmar, $9.930 North Dakota Ashley. Ashley National Bank of Buxton. Brocket, Farmers Merchants bank, $9,500; Underwood First Security bank, Washburn, Farmers Other loans authorized during Sep. tember to building and loan associations included: Algona, Iowa Algona Building & Loan association, $20,000 Des Moines, Iowa, Polk County Building & Loan association, $15,000; Marings Loan association. $100,000; Yankton Building & Loan association. $24,702.50.