Article reports the State Bank of Oto was thrown into receivership on petition of the Iowa bank superintendent (no mention of a depositor run). Date in article: Sioux City, Dec. 9, 1921; publication Dec. 16, 1921. Classified as suspension leading to closure/receivership.
Events (1)
1.December 9, 1921Receivership
Newspaper Excerpt
The state bank of Oto, at Oto, Iowa, with a capital of $25,000 was thrown into receivership in district court on petition of the Iowa bank superintendent.
Iowa Bank Closed. Sioux City, Ia., December 9.-The state bank of Oto, at Qto. Iowa, with a capital of $25,000 was thrown into receivership in district court on petition of the Iowa bank superintendent.