Farmers Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 1, 1932*
Location: Maquoketa, Iowa (42.069, -90.666)

Metadata

Model: gpt-5-mini
Short Digest: 0c0ac59b

Response Measures

None

Description

The bank had closed in June 1932 and remained closed; in Dec 1934 the examiner (receiver) authorized a 15% dividend to depositors. No run is described in the article. Closure appears to be a regulatory/receiver-led suspension resulting in permanent closure.

Events (2)

1. June 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank closed in June 1932 and placed under an examiner/receiver (regulatory action during bank closures).
Newspaper Excerpt: which closed June, 1932
Source: newspapers

2. December 5, 1934 Receivership

Newspaper Excerpt: Judge Barker Tuesday afternoon signed an order for the payment of 15 per cent dividend to the depositors of the Farmers Trust and Savings bank. which closed June, 1932. The examiner in charge, James Jensen says it will release about $30,500 to the community, checks to be ready in 10 days. (Dec. 5, 1934 newspaper report.)
Source: newspapers

Newspaper Articles (1)

1. December 5, 1934 The Daily Times Davenport, IA

Article from The Daily Times, December 5, 1934

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Article Text

MAQUOKETA BANK TO PAY DIVIDEND PER CENT Ia., Dec. (Special) Judge Barker Tuesday afternoon signed an order for the payment of 15 per cent dividend to the depositors of the Farmers Trust and Savings bank. which closed June, 1932 This is the first payment. The ex aminer in charge, James Jensen says it will release about $30,500 the community, checks to be ready in 10 days. Other Maquoketa News The county board has taken steps toward refunding $20,000 bridge bonds, due Jan. 1935, and hearing has been set for Dec. 19, when objections the refunding plan may be heard The board adjourned Tuesday, after completing passing on claims, until Dec. 10. John Nissen, young farmer living of Maquoketa, on route No. suffered painful juries Tuseday afternoon when he was caught gasoline engine. He grinding feed, and slipped on the ice, falling against engine. The engine caught his coat-tail. and pulled him the machine, his clothing off. and crushing severely. Sevtorn one shoulder pulled of place, and other broken. He removed St. Luke's hospital in Davenport for care. Funeral services for J. G. Garien, who died Monday night at his home near Maquoketa will be held Thursday afternoon o'clock, in the Andrew Methodist church. The Rev. Calkins will officiate, burial will Andrew Garien was World war having with the E. F. from Sept. 14 1918, until June 2, 1919.