First Trust & Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 22, 1928
Location: Farmington, Iowa (40.640, -91.743)

Metadata

Model: gpt-5-mini
Short Digest: cd19825a

Response Measures

None

Description

Article (The Daily Nonpareil, 1928-03-22) reports First Trust and Savings Bank of Farmington was closed by its board of directors with an examiner of the state banking department present. No run or depositor panic is described; the officers said the bank 'might reorganize,' so outcome is uncertain. I classify as suspension_reopening (suspension with no run and possible reorganization) but the final reopening is not confirmed in this article.

Events (1)

1. March 22, 1928 Suspension

Cause: Government Action
Cause Details: Closed by order of its board of directors with an examiner of the state banking department involved; bank closed and examiner in charge/inspecting.
Newspaper Excerpt: March First Trust and Savings bank Farmington Van Buren county closed today by order of its board directors. An examiner of the state banking department ... Officers of the bank today said the bank might reorganize.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1928 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, March 22, 1928

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Article Text

Robs $5 OF SUM TAKEN AT CEDAR RAPIDS BEING PENNIES OF CHILDREN. (By The Associated Press.) CEDAR March St. Paul's church here was last night and $35 in cash opened and stamps stolen. Five dolof the loot in pennies collected from children in the church youth. Police today said that the man probably hid the building during services last night, the leadfrom the the office been pried open. lock had been and pieces scattered over floor. DES MOINES, March Charles alleged assailant of Marion Gossard, Drake university student, was found guilty today by district court his sentence was fixed for March The charge minimum sentence five and life. The more than twelve hours. DES MOINES, ceptance invitations to head state delegations the annual convenUnited States Good Roads association been Govs. Erickson of Montana, Sorlie of North kota and Flem D. Sampson of Kentucky, was announced today by Rountree, director general of association. Mr. Erickson announced that he would appoint will be held here to June March Jules bank who paroled Fort Madison in Janbeen indicted fraudulent banking count the Delacounty grand jury. In 1925 Gleason pleaded guilty to charge theft in with the closing the bank. March believed James McGuire Montevideo, Minn., road head his end yards partly estabtoday by aid said he had worked with McGuire. TOLEDO, March the FarmState bank of Clutier, freed of false entry jury last night than hours' deliberation. The Monday. M. Caslavka, cashier of the closed bank, indicted fraudulent charge be tried later in the term of the local court. SIOUX Ia., March Arraigned district court on charge conspiracy violate the prohibition law, Marcus Crost, Sioux detective, entered plea not guilty today. GREENFIELD, Ia., March Bosworth, of Cambridge and Nevada, has been First tional bank which closed Work of reorwill be started at once, Wilson, from CounBluffs, today. which started sudden the bank have been blamed its closing. SIOUX CITY, March With larger crowd hand than session, trial Tom Taggart, public charged with conspiracy violate prohibition resumed in district court today. March First Trust and Savings bank Farmington Van Buren county closed today by order of its board directors. An examiner of the state banking department charge. The bank had capital of $100,000 deposits estimated Seeley president; Springer and Ketchem, vice and Wiegner, Officers of the bank today said the bank might reorganize.