Dewitt Savings Bank - De Witt, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 1, 1931*
Location: De Witt, Iowa (41.823, -90.538)

Metadata

Model: gpt-5-mini
Short Digest: fdedbc8e9d08ad22

Response Measures

None

Description

Article states the Dewitt Savings Bank was closed in October 1931 and an examiner is in charge; later dividends are being distributed after refinancing. No mention of a depositor run. This is a suspension that remained closed and is being administered by an examiner/receiver.

Events (2)

1. October 1, 1931* Receivership

Newspaper Excerpt: According to H. C. Andrae, examiner in charge of the DeWitt Savings bank, closed in October, 1931 ... Approval of refinancing operations has already been obtained. About $37,000 will be released. This dividend will make 55 per cent for depositors of the bank.
Source: newspapers

2. October 1, 1931* Suspension

Cause: Government Action
Cause Details: Bank was closed and placed under an examiner (regulatory/receiver action) in October 1931; subsequent refinancing approved and dividends paid.
Newspaper Excerpt: DE WITT. Ia., June ... According to H. C. Andrae, examiner in charge of the DeWitt Savings bank, closed in October, 1931, another ten per cent dividend to depositors will be ready for distribution
Source: newspapers

Newspaper Articles (1)

1. June 25, 1934 The Daily Times Davenport, IA

Article from The Daily Times, June 25, 1934

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Article Text

Closed Bank at DeWitt Will Pay 10 Pct. Dividend DE WITT. Ia., June cial) According to H. C. Andrae, examiner in charge of the DeWitt Savings bank, closed in October, 1931, another ten per cent dividend to depositors will be ready for distribution within short time. Approval of refinancing operations has already béen obtained. About $37,000 will be released. This dividend will make 55. per cent for depositors of the bank. His 90th Birthday David M. Hicks. who was 90 years old Sunday, was honored at & dinner in the home of his nephew. W. H. Walker Covers were laid for 21 relatives. The afternoon was spent socially recalling many reminiscences of his early boyhood in England and his later experiences in this vicinity Included among the guests were his brothers, Henry Hicks, Maquoketa, and R. C. Hicks, DeWitt and his sister, Mrs J. T. Walker, DeWitt. Other guests were Mrs Henry Hicks, Maquoketa, Mr and Mrs G. M. Smith, Mr and Mrs R. J. Smith, Mr and Mrs C. D. Walker and daughter, Mildred: Mr and Mrs Carl J. Smith, Miss Della Walker, Ruth Walker. C. H. Arthur, all of DeWitt, and Mrs Clyde Cousins, Low Moor Other DeWitt News Mrs M. R. Fayram and Mrs Rose Harmon will entertain the members of the Methodist Ladies' Aid society at a regular meeting Wednesday afternoon in the Iowa Mutual Insurance building. The society is sponsoring a public dinner Tuesday noon for the benefit of the Epworth league. Golden Star chapter, Order of Eastern Star, will hold a special meeting Thursday evening at which time there will be initiation of candidates. Mr and Mrs H. A. Grantham and son, Francis, were guests of Belle Plaine relatives Sunday Wayne Grantham who has been visiting here for several days returned to Belle Plaine. He graduated from the University of Iowa in 1932. His bride was graduated from Clinton high school in 1928.