First Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 21, 1931
Location: Ida Grove, Iowa (42.345, -95.472)

Metadata

Model: gpt-5-mini
Short Digest: 8d8d8f26

Response Measures

None

Description

Article (Sioux City Journal, 1931-10-21) states the First Trust and Savings Bank failed to open its doors. No mention of prior run or of reopening/receivership in the provided text. I classify this as a suspension that appears permanent given lack of reopening information; cause not specified in article.

Events (1)

1. October 21, 1931 Suspension

Cause Details: Article does not state a reason for the bank failing to open; no explicit cause given.
Newspaper Excerpt: Ida Grove, Ia.-(P)-The First Trust and Savings bank failed to open its doors. Deposits were about $700,000.
Source: newspapers

Newspaper Articles (1)

1. October 21, 1931 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, October 21, 1931

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Article Text

Rock Rapids Bank Doors Are Closed; May Reorganize Rock Rapids, Special: The Lyon County National bank, only bank in this city, has been closed, due to frozen assets. Plans for prospective reorganization already are being made. At its last report the bank had $1,063,000 in deposits. M. A. Cox was president and J. T. Dykhouse was cashier. Ida Grove, Ia.-(P)-The First Trust and Savings bank failed to open its doors. Deposits were about $700,000.