Farmers Trust & Savings Bank - Charles City, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 1, 1927*
Location: Charles City, Iowa (43.066, -92.672)

Metadata

Model: gpt-5-mini
Short Digest: 9e1466cb

Response Measures

None

Description

Article (Sioux City Journal, Feb 3 1927) lists a dividend paid to depositors by the receiver for Farmers Trust & Savings, Charles City, indicating the bank had previously closed and was in receivership. No run is mentioned in the text provided; the event is a suspension with permanent closure/receivership.

Events (1)

1. January 1, 1927* Suspension

Cause: Government Action
Cause Details: Bank was in receivership and dividends were paid to depositors by the receiver/state superintendent following closure; indicates suspension/closure by regulatory action.
Newspaper Excerpt: dividend paid was $939,996 ... the receiver of the Rhodes Savings bank following paid dividends: Farmers Trust and Savings, Charles City, ... $53,195
Source: newspapers

Newspaper Articles (1)

1. February 3, 1927 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, February 3, 1927

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Article Text

BANKS PAY MILLION Depositors Get Big Sum Through Iowa State Department. (By Des Moines, Feb. in dividends were issued to depositors closed banks during January, the state superintendent of bank. Andrew, announced today. actual amount paid was The dividend paid was $939, 996, the of the MarshallState bank. Two dividends during January were paid the receiver of the Rhodes Savings bank following paid dividends: Farmers Trust and Savings, Charles City, cent, $53,195; Farmers Merchants State, Corydon, final, $30,942; Citizens State Savings, Decatur, De Soto, cent. HazleState, Hazleton, 10 per cent, Hudson Savings, Hudson, 20 per cent, $73,247: Burton and Company State, Kellogg. 10 per cent, $32,099; Farmers Savings, Leland, 15 per cent, $15,316;- Marne Savings, Marne, final, $8,479. Rhodes Savings, Rhodes, No cent, State Bank of 25 per cent. $41,832; Cheer What Cheer, 10 per cent, $11,388: Marshalltown per 20 per cent. Trust Savings, per cent, Farmers Merchants State, Graettinger, 10 $23,861. State Savings, Klemme, 10 per cent. and Merchants Savings, Manly. 15 per cent, $41,211; Manly. per cent, $43,New Hartford State, New Hartford, $41,588; Iowa Savings. Oelwein, 20 per cent, $56,900; Rhodes Savings, Rhodes, No. per cent, $18,425. 150 FARMERS GATHER AT MEET IN SIBLEY 2.-Special: One hundred and fifty persons attended the East and West Holman branches of the Osceola