Winnebago County State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 18, 1929
Location: Forest City, Iowa (43.257, -93.636)

Metadata

Model: gpt-5-mini
Short Digest: 712a9370

Response Measures

None

Description

Article (Globe-Gazette, 1929-11-18) reports the bank is in receivership and a 10% dividend is being paid by the receiver. No mention of a prior run in the available text; the bank is in receivership (permanent closure).

Events (1)

1. November 18, 1929 Receivership

Newspaper Excerpt: A divident of 10 per cent which will disburse practically $31,000 has been ordered paid by the trust of the Winnebago County State bank. ... This will make a total of 85 per cent which has been paid. ... announced by Receiver J. M. Slosson ... checks will be available in about two weeks at the office of the trust. (OCR preserved wording corrected where obvious).
Source: newspapers

Newspaper Articles (1)

1. November 18, 1929 Globe-Gazette Mason City, IA

Article from Globe-Gazette, November 18, 1929

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Article Text

Payment Announced by Bank Receiver; Losses Nearly Paid FOREST CITY, Nov. 18.-A divident of 10 per cent which will dis. burse practically $31,000 has been ordered paid by the trust of the Winnebago County State bank. A.D. nouncement to this effect was made by Receiver J. M. Slosson, who says that the checks will be available in about two weeks at the office of the trust. This will make a total of 85 per cent which has been paid. Short history of a common case: Flue, flow; flooey! - Davenport