3219. Floyd County Savings Bank (Charles City, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
December 13, 1886
Location
Charles City, Iowa (43.066, -92.672)

Metadata

Model
gpt-5-mini
Short Digest
b4957db6

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Dec 13–15, 1886) state the Floyd County Savings Bank of Charles City, Iowa 'suspended payment' after discovery of a $20,000 defalcation by the cashier. The items report suspension but do not mention reopening or receivership. Because the coverage only records the suspension and the cause (major embezzlement) and gives no later reopening, I classify this as suspension_closure; if later evidence of reopening were found this classification should be revised.

Events (1)

1. December 13, 1886 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a $20,000 embezzlement/defalcation by the cashier (named Rosen/Roseiene).
Newspaper Excerpt
The Floyd County Savings bank suspended payment to-day. A defalcation of $20,000 on the part of Cashier Rosen has been unearthed.
Source
newspapers

Newspaper Articles (8)

Article from St. Paul Daily Globe, December 14, 1886

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Article Text

A Refaulting Cashier. CHARLES CITY, Ia., Dec. 13.-The Floyd County Savings bank suspended payment to-day. A defalcation of $20,000 on the part of Cashier Roseiene has been ununearthed. The officers of the bank promise that all depositors will be paid in full. The defaulting cashier has been absent in Europe for some time.


Article from Savannah Morning News, December 14, 1886

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Article Text

Ruined by a Cashier. CHARLES CITY, IA., Dec. 13.-The Floyd county Savings Bank has suspended payment. A defalcation of $20,000 on the part of Cashier Rosen has been unearthed. The officers of the bank promise that all depositors will be paid in full. The defaulting cashier has been absent in Europe for some time.


Article from The Indianapolis Journal, December 14, 1886

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Article Text

Bank Broken by a Thievish Cashier. CHICAGO, Dec. 13.-A special to the Times from Charles City. Ia., says: "The Floyd County Savings Bank suspended payment to-day. A defalcation of $20,000 on the part of Cashier Roseine has been unearthed. The officers of the bank promise that all depositors will be paid in full. The defaulting cashier has been absent in Europe for some time."


Article from Richmond Dispatch, December 14, 1886

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Article Text

A Defaulting Cashier. [By telegraph to the Dispatch.] CMICAGO, December 13.-A special to the Times from Charles City, Iowa, says: The Floyd-County Savings Bank has suspended payment. The defalcation of $20,000 on the part of Cashier Rosen has been ur eartbed. The officers of the bank promise that all the depositors will be paid in full. The defaulting cashier has been absent in Europe for some time,


Article from The Portland Daily Press, December 15, 1886

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Article Text

A BANK SMASHED. The Cashier a Defaulter to the Tune of $20,000. CHICAGO, Dec. 14.-A special to the Times from Charles City, Iowa, says: Floyd county Savings Bank has suspended payment. A defalcation of $20,000 on the part of Cashier Rosen has been unearthed. Officers of the bank promise that all depositors will be paid in full. The defaulting cashier has been absent in Europe for some time.


Article from Fort Worth Daily Gazette, December 15, 1886

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Article Text

A Savings Bank Suspends. CHARLES CITY, Iowa, Dec. 14.-Floyd & Co.'s Savings bank suspended payment to-day. The defalcation of $20,000 on the part of Cashier Rosre has been unearthed. The officers of the bank promise that all depositors will be paid in full. The defaulting cashier has been absent in Europe for some time.


Article from Bismarck Weekly Tribune, December 17, 1886

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Article Text

MERE MENTION. The Floyd County Savings bank, of Charles City, Iowa, suspended payment, owing to the embezzlement of $20,000 by the cashier, who is now enjoying himself in Europe. Miss Henrietta Beebe, the well known soprano singer, and Mr. Wm. Lawton, the leading tenor of the Boston Ideal Opera company, were quietly married in New York Tuesday. The Chicago ministers have been invited to attend the performace given by the American Opera company in that city, and give an opinion on the morality of the American opera ballet. Thomas Conney, a paving block contractor, of Minneapolis, has sued the Tribune of that city for $30,000 for libel. The alledged libelous article referred to Canney as a "rough riding road tinker." Henry M. Stanley has received a cablegram from the king of Belgium ordering him to return at once. This unexpected summons is occasioned by trouble with predatory Arabs in the free Congo state. Edwin Houghton, formerly of Arvilla, and later of Michigan City, Ind., died suddenly Friday night, at the Union hotel in Larimore, Dak. He had been drinking heavily. He was 50 or 60 years old. Alphonz King, a young Frenchman, attempted to walk across the Niagara river in a pair of shoes of his own invention. The attempt was unsuccessful, but those who witnessed the feat are of the opinion that shoes could be made practicable in ordinary waters.


Article from The McCook Tribune, December 23, 1886

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Article Text

ROBBED BY ITS CASHIER. CHARLES CITY, Ia., Dec. 13.-The Floyd county savings bank suspended payment, a defalcation of $20,000 on the part of the chasier, Roseiene, having been unearthed. The officers of the bank promise that all depositors will be paid in full. The defaulting chashier has been absent in Europe for some time.