Farmers & Merchants Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 27, 1931
Location: Durant, Iowa (41.600, -90.911)

Metadata

Model: gpt-5-mini
Short Digest: 28563aca692126d2

Response Measures

None

Description

Article (Quad-City Times, 1931-07-29) reports the bank suspended shortly after the death of its cashier, Wiebener. Using publication and internal timing (funeral 'yesterday' on 1931-07-28; cashier died Saturday 1931-07-25; suspension occurred two days after his death) I infer the suspension occurred on or about 1931-07-27. No mention of a depositor run or later reopening/receivership is provided in the article, so I classify this as a suspension that appears to be permanent (suspension_closure). Bank legal form is not stated, so bank_type set to unknown.

Events (1)

1. July 27, 1931 Suspension

Cause Details: Bank suspended two days after the cashier Wiebener died from a bullet wound; suspension temporally linked to the fatal shooting but article does not state a financial cause.
Newspaper Excerpt: Wiebener, cashier the Farmers and Merchants Savings bank, who died Saturday ... two days before the bank suspended
Source: newspapers

Newspaper Articles (1)

1. July 29, 1931 Quad-City Times Davenport, IA

Article from Quad-City Times, July 29, 1931

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Article Text

WIEBNER FUNERAL IS HELD IN DURANT Durant, July Wiebener, cashier the Farmers and Merchants Savings bank, who died Saturday result of bullet wound inflicted the previous Wed. nesday, two days before the bank suspended, was laid to rest yesterday afternoon in the Durant cemetery. Services in the Durant chapel conducted the Rev. Jerome Miller, pastor of the St. Paul's English Lutheran church. H. George Stickman, George Klahn, George Trede, John Petersen and Ed. Christensen were the pallbearers.