2748. Clarinda Trust & Savings Bank (Clarinda, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
January 1, 1920*
Location
Clarinda, Iowa (40.742, -95.038)

Metadata

Model
gpt-5-mini
Short Digest
f6287ec96806c20b

Response Measures

None

Description

Articles indicate the Clarinda Trust & Savings Bank closed circa 1920 (closed three years ago in a 1923 piece) and remains defunct. A 1923 court decree assesses stockholders to pay depositors and the bank is in receivership; a 1924 notice is placed by the receiver selling assets. No contemporaneous run is described, so this is a suspension/closure with receivership.

Events (3)
1. January 1, 1920* Suspension
Cause Details
Article states the bank closed three years ago (about 1920) but gives no reason for the suspension/closure.
Newspaper Excerpt
The bank closed three years ago, since which time two partial payments have been made.
Source
newspapers
2. September 10, 1923 Receivership
Newspaper Excerpt
By decree of District Judge Earl Peters the stockholders of the defunct Clarinda Trust and Savings bank are assessed 100 per cent of the amount of stock owned, money to be paid in full to depositors. The total amount is for $70,666.67. The bank closed three years ago, since which time two partial payments have been made. A number of stockholders are opposing the receiver's application to satisfy depositors.
Source
newspapers
3. February 14, 1924 Other
Newspaper Excerpt
write C. W. Kelley, Receiver of Clarinda Trust and Savings Bank, 40-4t Clarinda, Iowa. FOR SALE CHEAP-One thousand feet of 7-8 inch drilling line.
Source
newspapers

Newspaper Articles (2)
1. September 11, 1923 The Omaha Morning Bee Omaha, NE
Article from The Omaha Morning Bee, September 11, 1923

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Article Text

Depositors to Get Payments. Clarinda, Ia., Sept. 10.-By decree of District Judge Earl Peters the stockholders of the defunct Clarinda Trust and Savings bank are assessed 100 per cent of the amount of stock owned, money to be paid in full to depositors. The total amount is for $70,666.67. The bank closed three years ago, since which time two partial payments have been made. A number of stockholders are opposing the receiver's application to satisfy depositors.

2. February 14, 1924 The Kevin Review Kevin, MT
Article from The Kevin Review, February 14, 1924

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Article Text

FOR SALE One Improved Powers Drilling Machine, engine equipped, for drilling 1000 feet. If interested in a machine of this kind, priced right to sell, may either see the machine at the Axel Swenson place nine miles West of Kevin, or write C. W. Kelley, Receiver of Clarinda Trust and Savings Bank, 40-4t Clarinda, Iowa. FOR SALE CHEAP-One thousand feet of 7-8 inch drilling line. For further particulars see O. T. Groves at Gladys Belle camp, 18-35-2 W. 40-2t