Disappearance Tied to Humboldt Bank Collapse and Lewellyn
The First National Bank of Humboldt closed after stockbroker Gary V. Lewellyn vanished with about 500000 dollars. SEC charged him with manipulating Safeguard Scientific stock, revealing vast holdings and understated ownership. Trading was halted, a 10 day ban imposed, and bank insolvency declared by the OCC amid ongoing audits and federal oversight.
MENTIONED IN THIS ARTICLE
Lewellyn
Safeguard
New York Stock Exchange
SEC
Des Moines Register
First National Bank
Comptroller of the Currency
Joe Dodgen
FDIC
U.S
Ed Allen
Reopened Humboldt Bank Faces Wary Public
First National Bank in Humboldt reopens under new ownership Hawkeye Bancorp Des Moines after brief closure following a $16.4 million loss tied to a stock manipulation scheme. FDIC would have reimbursed deposits if liquidated, yet most customers faced only short inconvenience. The town’s other businesses press on as the tale of a 49 year old bank ends with a buyer.
MENTIONED IN THIS ARTICLE
First National Bank
Humboldt
Gary V. Lewellyn
Lewellyn
Josnes
Safeguard
SEC
Swiss American Securities, Inc
New York Stock Exchange
New York
BOK Gaminee Lewellyn
Safepan
Merrill Lynch
Safeguard Common
Federal Deposit Insurance Corporation
FDIC
Hawkeye Bancorporation of
Des Moines
Hailstorm Damages Cars Across Humboldt Area
Dozens of vehicles at multiple Humboldt area dealers suffered body and glass damage from a Friday hailstorm with later winds. Losses ranged from about 15 000 to 40 000 dollars across Eggerich Chevrolet Garrison Ford B and N Motors and Humboldt Motor Sales. A power outage affected 1 000 rural customers while another outage hit Humboldt’s Third Street South for two and a half hours. Insurance agents report brisk claims as additional winter precipitation followed.
MENTIONED IN THIS ARTICLE
Fritz Eggerich
Eggerich Chevrolet
Garrison Ford
Bill Garrison
Garrison
Garrison Building
B and N Motors
Humboldt Motor Sales
Pocahontas
Humboldt
Gene Folkers
Iowa Public Service
Folkers
Third Street
IPS
Bank reopens in Humboldt amid festive welcome
A renewed Hawkeye Bank and Trust Company opened in Humboldt at 9 a.m. with a celebratory lobby as news media and well wishers gathered. Former First National Bank staff joined the new Hawkeye Bancorporation, and Paul Dunlap became interim president, replacing the resigned Clifford Lewellyn. FDIC figures disclose a $16.4 million missing bond portfolio, with losses largely borne by Joe Dodgen and his sons, stockholders, and other directors.
MENTIONED IN THIS ARTICLE
Paul Dunlap
Hawkeye Bank & Trust
Joe Dodgen
Republican Photo
Hawkeye Bank and Trust Company
Humboldt
First National Bank
Hawkeye Bancorporation
Federal Depositors Insurance Corporation
Hawkey Bancorporation
Humboldt Bank
Clifford Lewellyn
First
Dunlap
Dodgen
FDIC
Hawkeys Bancorporation
First National
Courthouse closes for Good Friday noon observance
The Humboldt County Courthouse will close at noon on Friday April 9 in observance of Good Friday.
MENTIONED IN THIS ARTICLE
Randy Frisch
Humboldt
Karen
Liebe
Sumner Avenue
Humboldt County
Also Mentioned on This Page
Uts I
Firstational Bank
Iowa
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