3369. Farmers Savings Bank (Wheatland, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 27, 1934
Location
Wheatland, Iowa (41.832, -90.838)

Metadata

Model
gpt-5-mini
Short Digest
8ddb58941d11f64e

Response Measures

None

Description

Articles (Feb 27, 1934) report the receiver's (tenth) report for Farmers Savings Bank of Wheatland, IA, showing cash on hand, assets, dividends paid and depositor claims. This indicates the bank had been closed and was in receivership; no run is mentioned. Closure appears permanent (receiver administering dividends), so classified as suspension leading to closure/receivership.

Events (1)
1. February 27, 1934 Receivership
Newspaper Excerpt
The tenth report of the receiver of Farmers Savings bank of Wheatland shows cash on hand Dec. 31, $31,393.09. Assets are listed at $463,522.15. Four dividends have been paid. Depositors claims amount to $349,139.44.
Source
newspapers

Newspaper Articles (2)
1. February 27, 1934 Quad-City Times Davenport, IA
Article from Quad-City Times, February 27, 1934

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Article Text

BANK REPORTS ARE APPROVED Clinton, Ia., Feb. re. ceivers of of four closed banks were approved Monday afternoon by Judge A. Barker in district Lyons Savings Bank. The 14th report receiver of Lyons Savings bank shows cash on hand Dec. $11,083.79 Among the disbursement were $4,098.07 expenses and the receiver ship and $2,545.98 to conserve assets. Assets the bank were given at The count balance the liabilities $46,357.08. of $185, and $100,771.14 have been paid. Depositors claims (net) are Peoples Bank of Delmar. The fifth report of the receiver Peoples Savings bank of Delmar shows cash on hand last Dec. 31 amounting to Assets listed at $189,860.20. Deposiare tors claims are $128,302.04. Farmers Bank of Calamus. The first report of receiver of Farmers Savings bank of Calamus shows cash on hand last Dec. 31, $3,518.26. Assets listed at $106,716.66. Depositors' liability $60,858.44. Stock assessments have amounted to $1,250. Farmers Bank of Wheatland. report of the receiver Farmers Savings bank of Wheatland shows cash on hand Dec. 31, $31,393.09. Assets are listed at $463,522.15 Four dividends have been paid claims amount to In the liability column the account to balance is $2,309.64. Ordered. In the case of the Peoples bank of Delmar Judge Barker yesterday signed an order ordering an assessment levied against the 33 shares stock in the name of James Bennis. Plaintiff in case the bank receiver VS the bank and the James Bennis estate is ordered recover from Katherine Scott and Rosella Hoffman, life tenants possession of the estate, the sum $3,300,

2. February 27, 1934 The Daily Times Davenport, IA
Article from The Daily Times, February 27, 1934

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Article Text

COURT IN CLINTON APPROVES REPORTS OF BANK RECEIVERS CLINTON, Ia., Feb. 27.-(Special) Reports of receivers of four closed banks were approved Monday afternoon Judge A. P. Barker in district court. Lyons Savings Bank The fourteenth report of the receiver of Lyons Savings bank shows cash on hand Dec. 31 last $11,083.79. Among the disbursements were $4,098.07 expenses and the receivership and $2,545.98 advanced to conserve assets. Assets of the bank were given at $1,511,252.78. The account to balance in the liabilities was $46,357 08. Dividends of $185,411.16, $175,533.30 and $100,771.14 have been paid. Depositors claims (net) are $1,128,193.64. Peoples Bank of Delmar The fifth report of the receiver of Peoples Savings bank of Delmar shows cash on hand last Dec. 31 amounting to Assets are listed at $189,860.20 Depositors claims are $128,302.04. Farmers Bank of Calamus The first report of receiver of Farmers Savings bank of Calamus shows cash on hand last Dec. 31 $3,518.26. Assets listed at $106,716.66. Depositors' liability is $60,858 Stock assessments have amounted to $1,250. Farmers Bank of Wheatland The tenth report of the receiver of Farmers Savings bank of Wheatland shows cash on hand Dec. 31, $31,393.09. Assets are listed at $463,522.15. Four dividends have been paid. Depositors claims amount to $349 139.44. In the liability column the account to balance is $2,309 Assessment Ordered In the case of the Peoples bank of Delmar, Judge Barker yesterday signed an order ordering an assessment levied against the 33 shares of stock in the name of James Bennis. Plaintiff in the case of the bank receiver vs. bank and the James Bennis estate is ordered to recover from Katherine E. Scott and Rosella Hoffman, life tenants in possession of the estate, the sum of $3,300.