3172. Farmers Savings Bank (Oxford, IA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
savings bank
Start Date
June 30, 1933
Location
Oxford, Iowa (41.723, -91.790)

Metadata

Model
gpt-5-mini
Short Digest
166aaedf5a91e068

Response Measures

None

Description

Articles (mid-1933) report the Farmers Savings Bank of Oxford as closed and in receivership with final reports filed June 30, 1933. No article mentions a depositor run; instead the bank is handled by a receiver/examiner and final reports/hearings are scheduled, indicating suspension and permanent closure/receivership.

Events (2)

1. June 30, 1933 Receivership
Newspaper Excerpt
Reports of the the Farmers Savings bank and the Oxford State bank, both of Oxford, have been filed in the office of the district court by D. Bates, receiver ... The Farmers Savings bank receivership report lists the following items ... final reports of Mr. Haas examiner.
Source
newspapers
2. June 30, 1933 Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership; examiner and receiver filed reports and hearings scheduled.
Newspaper Excerpt
The reports, including the Oxford State the Farmers Loan Trust company of Iowa City and the Farmers Savings bank Oxford, filed week.
Source
newspapers

Newspaper Articles (2)

Article from Iowa City Press-Citizen, July 15, 1933

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Article Text

Approves Reports Filed by Bank Receivers Interlocutory final reports three county bank receiverships filed of June 30th when the change state banking tendent effected. approv district court Saturday by Harold Evans The reports. including the Oxford State the Farmers Loan Trust com pany of Iowa City and the Farmers Savings bank Oxford. filed week.


Article from Iowa City Press-Citizen, October 26, 1933

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Article Text

REPORT UPON CLOSED BANKS Hearing on Statements Of Oxford Examiner Next Month Reports of the the Farmers Savings bank and the Oxford State tank, both of Oxford. have been filed the office of the district court by D. Bates, ceiver of the and Mr. G Hass, examiner in charge. The Oxford State bank report the 16th and the Farmers Savings bank the 12th report, since the two banks were closed. Both reports are final reports of Mr. Haas examiner. Mr. Haas has resigned his position examther of the receiverships to become cashier the new bank at Oxford. the First Trust and Savings bank. The receiver asks that Mr. Ben Summerwill be designated examiner in charge of the closed banks. Hon. James Gaffney set November as the date of the hearing the Oxford State bank report and November for the hearing the Farmers Savings bank report. The Farmers Savings bank ceivership report lists the follow. ing items receivable, two 20 per cent dividend payments totaling and preferred claims paid. stock assessments, $14,777.42; and net deposit claims. The report for the Oxford State bank lists the ing expenses, two 10 per cent dividends paid, totalpreferred claims $2,931.99: claims deposit and stock assessments, $18,750.