State Bank - Oto, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 9, 1930
Location: Oto, Iowa (42.284, -95.893)

Metadata

Model: gpt-5-mini
Short Digest: a0ad3c295ef44001

Response Measures

None

Description

OCRed article reports 'ANTHON AND OTO BANKS ARE PAYING DIVIDEND' and refers to the 'closed State bank' of Oto paying a dividend — indicating the bank had previously closed and is distributing assets (receiver/dividend). No mention of a depositor run or reopening. OCR text is garbled; inferred meaning conservatively from phrase 'closed State bank' and 'payment of dividend.'

Events (2)

1. May 9, 1930 Receivership

Newspaper Excerpt: ANTHON AND OTO BANKS ARE PAYING DIVIDEND: Anthon, bank has menced the payment of dividend the of the closed State bank ... Another 20 per cent being paid ... Trust and bank
Source: newspapers

2. * Suspension

Cause Details: Article refers to the Oto State Bank as 'closed' but gives no cause for closure; likely failure leading to suspension/closing.
Newspaper Excerpt: ANTHON AND OTO BANKS ARE PAYING DIVIDEND: ... the closed State bank ...
Source: newspapers

Newspaper Articles (1)

1. May 9, 1930 The Sioux County Index Hull, IA

Article from The Sioux County Index, May 9, 1930

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Article Text

TREES TO BEAUTIFY PLANT IN IOWA step in beautify the peinoperative plan to of the state will highways in the planting taken and shrubs the trees with the the Jefferson highway Kelley road. south o: Ames. Saturday. citizens Des Moines and other of Ames, the Boy Scouts cities Collins. Maxwell and Mcines. members of the horticulture and architecture staffs State college and prominent and the state will meet to do the plantThe and plants which be used have been furnished of the state, and the been shipped the have commission headquarters highway commission. while Ames. The do the work no funds the plantings after will they have been put The the landscaping plan drawn up by the dall landscape architecture in State college. completed his plan sherily before h's deat) Monday. Among those who will be present Moines, the Iowa Rose Robert Herrick secretary of the Iowa Hor and of Ames. secretary the Iowa Garder clubs, and professor of horticulture lowa State college. ANTHON AND OTO BANKS ARE PAYING DIVIDEND: Anthon, bank has menced the payment of dividend the of the closed State bank and Anther State bank. The dividend in each the bink will receive and there the Anton State bank, $35,253. Another 20 per cent being paid to in the funct Trust and bank