Union Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: February 1, 1932
Location: Dubuque, Iowa (42.501, -90.665)

Metadata

Model: gpt-5-mini
Short Digest: 02e60e80528dd12e

Response Measures

None

Description

Article (Feb 1, 1932) reports the Dubuque Union Trust and Savings Bank failed to open for business today. No run is described in the text and no reopening or receiver assignment is mentioned in the article. Because the bank is reported closed and there is no evidence of reopening, I classify this as a suspension that led to closure. Cause is not specified in the article.

Events (1)

1. February 1, 1932 Suspension

Cause Details: Article gives no specific trigger; simply states the bank failed to open for business (second large Dubuque bank closed within week).
Newspaper Excerpt: The Dubuque Union Trust and Savings Bank, with deposits of approximately $2,500,000 and capitalization $150,000, failed to open for business today
Source: newspapers

Newspaper Articles (1)

1. February 1, 1932 Waukegan News-Sun Waukegan, IL

Article from Waukegan News-Sun, February 1, 1932

Click image to open full size in new tab

Article Text

FLOUR unchanged In carload lots family patents 4.30-4.40 per barrel in 98 pound Shipments 24,774: pure bran 12.5013.00 Standard middling 11.00-11.50. REOPEN EDDYVILLE BANK HARRISBURG, Ill., Feb. 1-(AP) Eddyville State bank, closed three months ago, is to be reopened tomorrow Cashier Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank As precaution state auditor ordered stockholder assessment $5,000 Golconda business are tempting to reopen one of their closed REPORT MERGER DANVILLE (INS). Merger of the Malleable Company and the Manufacturing of this city announced here today. The Decatur plant will be abandoned and the and working force brought, here, it was reported. CLOSE DUBUQUE BANK DUBUQUE Ia., Feb. (INS)The Dubuque Union Trust and Savings Bank, with deposits of approximately $2,500,000 and capitalization $150,000, failed to open for business today It the second large Dubuque bank close within week. TREASURY BALANCE The treasury net balance Jan was $341 Expenditures that day were $4,052,727.34 Customs receipts for month through Jan 29 were $26,131,864.00 PEORIA GRAIN 1/2c higher: No. yellow 351/2 Oats unchanged; No. white DECLARE DIVIDEND NEW YORK, (UP)-Th4 Corp., representing the mergered Standard Oil Co. and the Vacuum Oil Co., today declared 25 share, payable March 15 to stock of record Feb Following the merger of the last year the paid initial dividend of 40 cents on Sept. 15 and later distributed cents share on Dec. 15.