3223. Clarinda Trust & Savings Bank (Clarinda, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1920*
Location
Clarinda, Iowa (40.742, -95.038)

Metadata

Model
gpt-5-mini
Short Digest
565a468a

Response Measures

None

Description

Newspapers state the Clarinda Trust & Savings Bank 'closed three years ago' (article dated 1923-09-11 → closure about 1920) and is in receivership; depositors are being paid by assessments on stockholders. No run is described in the articles. Classified as a suspension/closure with receivership.

Events (3)
1. January 1, 1920* Suspension
Cause Details
Bank closed circa 1920 and placed in receivership; articles do not describe a run or specific cause for closure.
Newspaper Excerpt
The bank closed three years ago, since which time two partial payments have been made.
Source
newspapers
2. September 10, 1923 Receivership
Newspaper Excerpt
By decree of District Judge Earl Peters the stockholders of the defunct Clarinda Trust and Savings bank are assessed 100 per cent of the amount of stock owned, money to be paid in full to depositors.
Source
newspapers
3. February 14, 1924 Other
Newspaper Excerpt
C. W. Kelley, Receiver of Clarinda Trust and Savings Bank, 40-4t Clarinda, Iowa.
Source
newspapers

Newspaper Articles (2)
1. September 11, 1923 The Omaha Morning Bee Omaha, NE
Article from The Omaha Morning Bee, September 11, 1923

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Article Text

Depositors to Get Payments. Clarinda, Ia., Sept. 10.-By decree of District Judge Earl Peters the stockholders of the defunct Clarinda Trust and Savings bank are assessed 100 per cent of the amount of stock owned, money to be paid in full to depositors. The total amount is for $70,666.67. The bank closed three years ago, since which time two partial payments have been made. A number of stockholders are opposing the receiver's application to satisfy depositors.

2. February 14, 1924 The Kevin Review Kevin, MT
Article from The Kevin Review, February 14, 1924

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Article Text

FOR SALE One Improved Powers Drilling Machine, engine equipped, for drilling 1000 feet. If interested in a machine of this kind, priced right to sell, may either see the machine at the Axel Swenson place nine miles West of Kevin, or write C. W. Kelley, Receiver of Clarinda Trust and Savings Bank, 40-4t Clarinda, Iowa. FOR SALE CHEAP-One thousand feet of 7-8 inch drilling line. For further particulars see O. T. Groves at Gladys Belle camp, 18-35-2 W. 40-2t