Articles indicate the Winthrop State Bank closed in December 1931 and later had a receiver (V. Sandvig) managing assets (May 1933) and paying dividends (Oct 1933). No article describes a depositor run prior to suspension; closure led to receivership and asset disposition.
Events (3)
1.December 1, 1931*Suspension
Cause Details
Article notes the bank closed in December 1931; no specific cause (e.g., run, correspondent failure, or government action) is given.
Newspaper Excerpt
the bank closed in December of 1931.
Source
newspapers
2.May 16, 1933Receivership
Newspaper Excerpt
V. Sandvig, receiver of the bank at Winthrop, on Tuesday applied ... for permission to sell 40 acres ... Probate inventory was Tues- (The Courier, 1933-05-16).
Source
newspapers
3.October 8, 1933Other
Newspaper Excerpt
Winthrop Bank Pays Fifth Dividend for 60 Per Cent Total ... the fifth disbursement ... will bring payments ... the bank closed in December of 1931. (The Courier, 1933-10-08)
Source
newspapers
Newspaper Articles (2)
1.May 16, 1933The CourierWaterloo, IA
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Article Text
Winthrop Bank's Receiver Wants To Sell 40 Acres
(Courier Special Independence, V. Sandvig, receiver of the bank at Winthrop, on Tuesday applied district for permission to sell 40 acres of the place known as the Fagan two miles north that buyers would be Cora Meffert and the price $800 The notes this less than the appraised value. Probate inventory was Tues-
2.October 8, 1933The CourierWaterloo, IA
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Article Text
Winthrop Bank Pays Fifth Dividend for 60 Per Cent Total
Special Another dividend will be passed People's State bank. the fifth disbursement deposiand will bring payments the bank closed in December of 1931.
