Article Text
SHELDON, IOWA.-R. W. Ady, receiver of the Sheldon bank, has just paid the first dividend to creditors. It consists of 43 per cent. The bank failed Nov. 4 1903.
3225. Sheldon Bank (Sheldon, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- November 4, 1903
- Location
- Sheldon, Iowa (43.181, -95.856)
Metadata
- Model
- gpt-5-mini
- Short Digest
99a2425bacfed233
Response Measures
None
Description
Article reports the Sheldon Bank failed on Nov 4, 1903 and a receiver (R. W. Ady) paid a dividend in 1906. No mention of a depositor run; the bank was placed in receivership and remained closed. Bank type not specified in text.
Events (2)
1.
November 4, 1903
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank failure/insolvency leading to its closure and appointment of a receiver.
- Newspaper Excerpt
- The bank failed Nov. 4 1903.
- Source
- newspapers
2.
May 14, 1906
Receivership
- Newspaper Excerpt
- R. W. Ady, receiver of the Sheldon bank, has just paid the first dividend to creditors. It consists of 43 per cent. The bank failed Nov. 4 1903. (Minneapolis Journal, 1906-05-14).
- Source
- newspapers
Newspaper Articles (1)
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