Article Text
Bank Receiver Will Sue the Stockholders A petition to bring suit against the stockholders of the defunct Farmers Trust and Savings bank of Oto has been obtained in district
3164. Farmers Trust & Savings Bank (Oto, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Start Date
- September 15, 1929
- Location
- Oto, Iowa (42.284, -95.893)
Metadata
- Model
- gpt-5-mini
- Short Digest
3e5622c367114053
Response Measures
None
Description
Articles (Sept and Oct 1929) refer to the Farmers Trust and Savings Bank of Oto as 'defunct' and show the receiver (state superintendent of banking) bringing suits. No mention of a depositor run; bank is in receivership/closed. Categorized as suspension leading to closure (receiver appointed).
Events (2)
1.
September 15, 1929
Receivership
- Newspaper Excerpt
- A petition to bring suit against the stockholders of the defunct Farmers Trust and Savings bank of Oto has been obtained in district
- Source
- newspapers
2.
October 25, 1929
Receivership
- Newspaper Excerpt
- Suit for $1,293 has been brought by L. A. Andrew, state superintendent of banking... The note was held by Farmers Trust and Savings bank of Oto.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Receiver Files Suit on Promissory Note Suit for $1,293 has been brought by L. A. Andrew, state superinten dent of banking. against George E. Rinker on a promissory note. The note was held by Farmers Trust and Savings bank of Oto. The suit is in district court.