Farmers Trust & Savings Bank - Charles City, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 5, 1929
Location: Charles City, Iowa (43.066, -92.672)

Metadata

Model: gpt-5-mini
Short Digest: 3b4b0fad

Response Measures

None

Description

Article (Dec 5, 1929) reports the final receiver's report for Farmers Trust & Savings Bank, Charles City, approving a final dividend and indicating the bank was in receivership and has been closed permanently. No mention of a depositor run in the article; outcome is liquidation/receivership with dividend payments.

Events (1)

1. December 5, 1929 Receivership

Newspaper Excerpt: The final report of Farmer's Trust & Savings bank of city was approved by the judge and its receiver was instructed to pay the depositors money amounting $527,712.86 as final dividend. The depositors received 60 per cent of their deposit on hand at the time the bank ... with this payment will have received 73 per cent.
Source: newspapers

Newspaper Articles (1)

1. December 5, 1929 The Courier Waterloo, IA

Article from The Courier, December 5, 1929

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Article Text

KEPLER ON BENCH FLOYD COUNTY Charles City Bank Receiver Makes Final Report: $527,712 Dividend Charles City Many cases are being of in district court which Judge M. H. Kepler of is presiding The final report of Farmer's Trust & Savings bank of city was approved by the judge and its rewas instructed to pay the depositors money amounting $527,712.86. as final dividend. The depositors received 60 per cent of their deposit on hand at the time the bank with this payment will have received 73 per cent. Patrick Wins Sult. A verdict favor $34 for J. Patrick was returned by the jury Tuesday the case Patrick vs. Cavanaugh for the of whiffletree and halter The case was tried in justice court, where Patrick was allowed $50 case then was appealed to district court divorce was granted to Victor W. Cooley from Daisy Cooley on the ground desertion Hear Promissory Note Case. The of Albert Jost J. W. Shepley over of $160 and interest from March 3, 1924 is now before the court.