3513. Johnson County Savings Bank (Iowa City, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
December 9, 1934
Location
Iowa City, Iowa (41.661, -91.530)

Metadata

Model
gpt-5-mini
Short Digest
2a1581c6

Response Measures

None

Description

Articles report the Johnson County Savings (and related Farmers Trust & Savings) were in receivership and paying dividends to depositors in December 1934, indicating they had previously suspended and remained closed under a receiver. No run is described in the provided excerpts. Dates are taken from publications reporting dividend disbursements (Dec 1934).

Events (2)

1. December 9, 1934 Suspension
Cause
Government Action
Cause Details
Bank had been closed and placed in receivership; receiver is disbursing dividends to depositors.
Newspaper Excerpt
Depositors of the Johnson County bank will receive about dividend ... Depositors of the Johnson County bank will receive about dividend ...
Source
newspapers
2. December 31, 1934 Receivership
Newspaper Excerpt
Announce 10 per cent dividend Johnson County Savings Farmers Loan and Trust receiverships.
Source
newspapers

Newspaper Articles (2)

Article from Quad-City Times, December 9, 1934

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Article Text

CITY Iowa City, Dec. Johnson County Savings and Farmers Trust and Savings banks will pay cent dividends to their depositors the week of Dec. 17. Ben examiner in charge, today The will amount to more than Depositors of the Johnson County bank will receive about dividend ment depositors since the in 1931. With the the bank will paid cent dividends. The Farmers Trust paid two dividends per cent each and the payment will total bringing the total depositors since its closing two ago, Mr. announced that the Downey Savings bank will pay to its depositors, the Ely Trust and Savings bank will disburse $23,000 cent dividend and the Cedar Rapids Savings bank will pay about in dividends of similar


Article from Iowa City Press-Citizen, December 31, 1934

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Article Text

Two Lives Lost in Plane Wreck, Two Killed In Railroad Crash General improvement and develbusiness. arrival legal liquor in the city for the first time since state prohibition. preliminary work range city plan, controversy over municipal ownership of the light company outstanding news events City during 1934. controversy municipal climaxed by special election last April which veters favored the establishment municipal light plant by small margin. featured by the long est sustained Interest any 1934 event here. With the coming city elections February and this destined to continue to be 1935. Tragedies came in 1934 Towa City news. Two lives were lost Island railroad wreck east City, and two persons were killed in an airplane crash near Tiffin. The University of Iowa inaugurnew president, Dr. Eugene and work was started extensive building and provement program the campus. reduction in electric rates bank opened. The of commerce planned comprehensive 18 point com munity program for 1935. Farmers with the federal co-operated ernment's emergency program. Some the outstanding of 1934 in Iowa City events listed follows: January January for City disposal plant and for sewage projects. Harry D. Breene sets for special election on April 17th of municipal light establishment plant. university four contract. signs year February 16-Iowa City Light February Co. files resistance Power to PWA for City's application plant loan and grant. council the City receives President Scouts for scout work. Roosevelt's award Spencer, 4-H 23-Mary Lenore national cherry club girl, baking March work new March university. dormitory ST-Dr. Thomas of University president emeritus dies. April new 5-Lay cornerstone commons. favor City voters municipal light of vote majority. Gilmore Eugene acting presiof law named college of May comCity May Jacob Crane mission survey consulting engineer lengtime city plan. school wins City high title in state orchestra class festival. council. which the erdinance tables of establishment called for the light plant. condemns stand 8-Mass meeting in rejecting council taken by city resigns Weber service community chamber award of junior merce. named 28-Joseph Light and City of manager Power artificicounty's Lake dedicated lake park Macbride park June Ownership June council to request city league federal trade PWA or ownership municipal election. election. named 6-Eugene University president council light rates reduction ance for benefit corn-hog arrives totaling ment signers. contract rider street. July named Solem Bruner resigns Service league secretary. August Heddleston drowns near North Liberty. council accepts additional grant $13,500 from PWA for Burlington street resurfacing. organization State Bank and Iowa City. 4-H club show opens Julia Agnes Miller and Martin Warren health champions of the county. Wilson named secreof the Social Service league. county placed proved list for corn-hog payments. council orders on feasibility of natural gas City. council retains Beb Co. legal counsel for Burlington street and sewer disposal plant PWA projects. September September Crawford named commander Roy Chopek of the American Legion. 17-Iowa City's mattress factory, FERA project, opened. National bank receiver announces per cent dividend, bringing the payments Roosevelt, son of the president, addresses huge democratfieldhouse. 24-Dr. pastor the Presbyterian church, accepts to Ann Arbor, Mich., church. 24-Gerald Randol of Ottumwa and John Lee, Jr., of Hudson lose in airplane crash near Tiffin. for the first regular payment on the contracts, totaling $209,000. October October Eugene more inaugurated president the university. 5-Oity council, by vote of three its application to for $917,000 loan and grant owned light plant. 8-Mrs. Walter Goodman killed struck Rock Island train. Clay, Negro, indicted grand jury for murder of George Folsom. resident. liquor opens Iowa City with Reichardt manager. 10-City council accepts loan and grant from PWA for sewer disposal plant and proorarily funeral home South Summit street, on the grounds of violation of the zoning ordinances. persons killed when two Rock Island passenger trains are wrecked five miles east of Iowa City. Iowa State Bank and Trust Co. opens. 19-Police sheriff capture Stanley November November election. 15-Judge James Gaffney hears Kenneth adeption hearing. council directs Iowa City Light and Power Co. to install Iowa City. Clark Hughes asks for count vote cast for two year term board supervisors. in car accident resigns; Joseph Cannon named successor. C. Baldridge, university faculty member, killed auto accident. council awards conditional contracts for sewer program. 27-Robert R. Thompson, Water. charged with manalaughter result of death of David Haney. fatally injured when bicycle struck driven by Thempson. December December commerce adopts 18 point program for 1935. 5-George Johnston, coal dealer, injunction to streets bringing natural gas. 12-Public school teachers get back six per cent of former salary reductions. council authorizes audit and electric property Iowa City Light Power 17-Construction natural line starts. Harry D. Breene announces end of term. 20-Announce 10 per cent divi. dend Johnson County Savings Farmers Loan and Trust receiverships. 19-Subpoens light company ficials for depositions gas injunction case. coal dealer. asks injunction against city, offiagainst issuing street permit for natural gas Eng. Sproatt