Farmers Savings Bank - Atlantic, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: September 17, 1933
Location: Atlantic, Iowa (41.404, -95.014)

Metadata

Model: gpt-5-mini
Short Digest: 17c4b76f

Response Measures

None

Description

Article (dated 1933-09-17) states the Farmers' Savings Bank of Atlantic is now closed and directors are being sued. No explicit mention of a depositor run or reopening; closure appears permanent. Cause for suspension not specified in the text, so classified as 'other'.

Events (1)

1. September 17, 1933 Suspension

Cause Details: Article simply states the bank is now closed and legal actions against directors; no cause for closure (e.g., run, examiner, insolvency) is specified in the excerpt.
Newspaper Excerpt: WERE AFFILIATED WITH THE CLOSED FARMERS' SAVINGS ATLANTIC. SEEK $18,205 JUDGMENT Sept. rectors of the Farmers' Savings bank, which now closed, are ing sued ...
Source: newspapers

Newspaper Articles (1)

1. September 17, 1933 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, September 17, 1933

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Article Text

WERE AFFILIATED WITH THE CLOSED FARMERS' SAVINGS ATLANTIC. SEEK $18,205 JUDGMENT Sept. rectors of the Farmers' Savings bank, which now closed, are ing sued in five note actions, cording Bates, Des Moines, state superintendent banking. Four the cases were filed for the county district court while the other was filed in bon county Christofferson, the defendents. Others named the suits Heiken, Vedane, Nelson, Kay, The total sought It said that other directors the being dorsement of notes of the other rectors.