Iowa Loan & Trust Company - Des Moines, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: September 11, 1928
Location: Des Moines, Iowa (41.601, -93.609)

Metadata

Model: gpt-5-mini
Short Digest: 1979c45d

Response Measures

None

Description

Article (Des Moines Register, 1928-09-11) reports the Iowa Loan & Trust Company is closed and in receivership; receivers moved offices and dividends will be distributed from receivers' offices. No run is described in the text. OCR typos corrected (e.g., 'Reg and Tribune' -> 'Register and Tribune').

Events (1)

1. September 11, 1928 Receivership

Newspaper Excerpt: The combined receiverships of the three closed Des Moines banks ... H. Vanderploeg, examiner in charge of the receiverships of Iowa Loan & Trust company ... moved to their new quarters last night. Distribution of dividends from the three banks will be made from The Register and Tribune building offices.
Source: newspapers

Newspaper Articles (1)

1. September 11, 1928 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, September 11, 1928

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Article Text

BANK RECEIVERS TAKE OFFICES IN BUILDING The combined receiverships of the three closed Des Moines banks will have offices. beginning today. on the eleventh floor of The Reg and Tribune building instead the banking quarters of the Iowa Loan Trust company in the Southern Surety building H. Vanderploeg. examiner In charge of the receiverships of Iowa Loan & Trust company the Commercial Savings bank and the Mechanics Savings bank. and his staff moved to their new quarters last night Distribution of dividends from the three banks will be made from The Register and Tribune building offices. The Southern Surety company owners of the building which housed the Iowa Loan & Trust company, will occupy the bank's former quarters. Cancellation of the Iowa Loan & Trust company lease, which had thirty years to run, will save the about $850 per month. 1. Andrew state super 'endent of banking. announced for the sale of the banking fixtures are nearing