Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 12, 1933
Location: Breda, Iowa (42.182, -94.977)

Metadata

Model: gpt-5-mini
Short Digest: 92a6eb88

Response Measures

None

Description

Short Des Moines Tribune item (1933-12-12) reports a court order authorizing a 17% payment to depositors of the Farmers State Bank, Breda, and notes prior payments totaling 60%. This indicates the bank was in liquidation/receivership and making partial distributions — a suspension with permanent closure/receivership rather than a run.

Events (2)

1. December 12, 1933 Receivership

Newspaper Excerpt: order ... authorizing 17 per cent payment to depositors of the Farmers State Bank; three payments totaling 60 per cent had previously been made.
Source: newspapers

2. December 12, 1933 Suspension

Cause: Government Action
Cause Details: Court order authorizing a 17% payment to depositors as part of liquidation/receivership proceedings.
Newspaper Excerpt: Three payments totaling 60 per cent had previously been made. Bank to Pay 17 Per Cent. State bank at Breda was signed here Tuesday by Judge M. E.
Source: newspapers

Newspaper Articles (1)

1. December 12, 1933 Des Moines Tribune Des Moines, IA

Article from Des Moines Tribune, December 12, 1933

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Article Text

Bank to Pay 17 Per Cent. State bank at Breda was signed here Tuesday by Judge M. E. (The News Service.) CARROLL, order Hutchinson. Three payments totalauthorizing 17 per cent pay- ing 60 per cent had previously ment to depositors of the Farmers been made.