3340. Walker Savings Bank (Walker, IA)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
savings bank
Start Date
June 24, 1927
Location
Walker, Iowa (42.287, -91.781)

Metadata

Model
gpt-5-mini
Short Digest
191a4b07f97702e6

Response Measures

None

Description

Newspaper reports (July 1927) state there was a run on the bank about three weeks before mid-July; the bank failed to open on July 15, 1927, an examiner was placed in charge and directors ordered the closing. This indicates a run preceded a suspension/closure with a receiver/examiner assigned. OCR corrected minor typos (e.g., 'cash ier' -> 'cashier').

Events (3)

1. June 24, 1927 Run
Cause Details
Article states only that 'there was run' about three weeks earlier; no explicit trigger (rumor, correspondent failure, or local shock) is given.
Measures
Bank attempted to continue operations after the run; directors later ordered closing.
Newspaper Excerpt
About three weeks ago there was run on the bank but it was thought that the effects of this trouble had been overcome
Source
newspapers
2. July 15, 1927 Receivership
Newspaper Excerpt
J. D. Diehl, examiner, was placed in charge.
Source
newspapers
3. July 15, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open; examiner placed in charge and directors ordered closing. Low capital (capitalized at $20 with surplus) and significant deposits noted, indicating insolvency/financial weakness led to closure.
Newspaper Excerpt
Walker Savings bank failed to open its doors this morning and J. D. Diehl, examiner, was placed in charge. ... The directors ordered the closing.
Source
newspapers

Newspaper Articles (2)

Article from The Gazette, July 15, 1927

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Article Text

Savings Bank At Walker Is Closed (BY LONG DISTANCE PHONE) WALKER. July Walker Savings bank failed to open its doors this morning and J. D. Diehl, examiner, was placed in charge. Arthur Axmear. president and cash ier, that he believed the depositors would not lose but that he did not think the bank would be reorganized. The deposits totaled $170,000 and the institution was capitalized at $20 with surplus. About three weeks ago there was run on the bank but it was thought that the effects of this trouble had been overcome The directors ordered the closing. ONSLOW MAN ILL. Special to The Gazette Republican ONSLOW July Word of the critical illness of O. C. Johnston Mayo hospital in Rochester has been received in Onslow. Mr. Johnston's Onslow. left for Rochester immedi-


Article from Battle Creek Enquirer, July 16, 1927

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Article Text

INFORMATION tection of his three-year-old son. The old palace in Berlin. not hav. Clyde Reese Batchelor, 27. Univering been used as a residence since sity of Alabama alumnus and ex1888, is 80 cluttered with bric-a-brac service man, went to his death in that only three rooms will be availthe electric chair at Montgomery, able for Hermine, ex-Kaiser's wife. Ala., yesterday for the murder of Out of nearly 25,000 bills and resohis father-in-law, Judge Lamar lutions introduced in the 69th conSmith. gress only 998 became laws. So E. C. Fletcher, 73, of Morris, III., many of these are of local char- pioneer and land owner acter that not more than 200 will died last night. will be buried to. affect the nation as whole. morrow. He was the father of Ralph and Bob Fletcher, former To show their appreciation of football stars at the University of American relief work, Persian refugees have sent to this country rug Rev. M. G. Long. pastor, today which contains 10,000,000 knots tied agreed to preach each Sunday in the by hand. Sauktown. Ind., Christian church Seaweed is the ideal food, accord- for weekly compensation of an old ing to the head of the botany depart hen and five dozen eggs. Church ment of the University of Minne- members said they had money. sota. It may be served as a salad, Arthur Light, 11, of Mishawaka. Ind., was killed in a head-on collision stew or soup. between two automobiles yesterday Rice constitutes the principal item Mr. and Mrs. Albert Light, parents in the diet of at least one-third of of the boy, June Light, sister, of this the world's inhabitants. city, and Mrs. Michael Ross, South Old silk stockings and clothing Bend, were seriously injured. can be turned into new silk of While two girls, Bardie Heller and better quality than the original, ac- Lois De Belle, endeavored to extricording to Dr. P. P. von Weimarn cate Abe Speyer from a truck after of the Imperial Research institute it had been hit by a train at Milwaukee yesterday, a fast Milwauat Osaka, Japan. kee train smashed into the truck and The British consul general at Sekilled Speyer. The girls leaped to oul reports that American sewing safety. machines are found in the humblest Four Edgewood, Ia., boys went cottages of the most remote Korean swimming in Bear creek. A goat bevillages. gan to feed on their clothes. They To prevent motor car accidents in gave chase, were arrested and fined Constantinople, dumb persons must for parading in the "altogether." wear red ribbons around their hats, The famous Rainbow Division, in reunion at Des Moines, was "orderdeaf persons yellow ribbons and ed" yesterday by Maj. Gen. Charles blind persons white ribbons. Fearing that the birds would betinue the fight for national prepared. come a menace to crops, Australian ness and against "supineness and officials sent a party of armed men, false doctrines." with orders to shoot to kill, in search The Walker, Ia., Savings bank of several English sparrows reported failed to open its doors yesterday to have escaped from the steamer and J. D. Diehl, examiner, was Lplaced in charge. Bank efficials say