New Hartford State Bank - New Hartford, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 11, 1926
Location: New Hartford, Iowa (42.567, -92.622)

Metadata

Model: gpt-5-mini
Short Digest: 18688490

Response Measures

None

Description

Article reports the New Hartford State Bank 'failed to open this morning' and the state banking department 'charged' the bank; frozen assets are blamed. No mention of a depositor run or reopening; regulatory action implies closure/suspension likely permanent in this notice.

Events (1)

1. May 11, 1926 Suspension

Cause: Government Action
Cause Details: State banking department charged the bank after it failed to open; article blames 'frozen assets' for suspension.
Newspaper Excerpt: Frozen Assets Close Bank. New Hartford, Ia., May The state banking department today charge the New Hartford State bank, which failed to open this morning. R. Farnsworth cashier of institution. Frozen assets are blamed.
Source: newspapers

Newspaper Articles (1)

1. May 11, 1926 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, May 11, 1926

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Article Text

DESTROYS BUSINESS SITES Eight Neighboring Towns Send Engines to Fight Village Flames. Breda. May The village Ulmer. six miles northeast of here. suffered loss $20. 000 in fire which originated in an upstairs over Mason's barber shop and soft. drink parlor and caused from lamp exploding. Mrs. Mason had put their baby to sleep and left lamp burning the room. She was attracted shorytime later by cries baby horrified to find the room in flames. difficulty that reached the child carried The was reduced ashes and the the street to the Union tile store which destroyed to gether with its large stock goods. small building adjoining the Ma building ing adjoining the Farmers Union store also destroyed. As the town has no water supply call to the reighboring towns for chemical engines com panies from eight towns responded and helped save number of other buildings. The loss on the Mason building at while the loss the Farmers Union company will be about The loss partly cov. ered by insurance. The equipment and records of the postoffice. which kept in the store, moved to another building. COUNTY LETS MANY BRIDGE AND ROAD CONTRACTS Ames. May county led the field of Iowa counties in the of bridge and road let tings held during the last half of April. according the state highway commission. The was more than of which $131,765 went bridge and work. $36. 060 allowed for excavation and gravel Bridge and culvert letting was the major activity of the Linn county of ficials awarded to four bidders on the construction of total of 140 culverts and extensions. Contracts also were awarded for the construction two pony bridges. two -beam bridges and two high truss bridges in addition to the necessary approaches. TOURIST CARAVAN TO VISIT IOWA TOWNS THIS SUMMER Des Moines. Ia., May change in tour plans of the Mighigan Automobile Tours association, will bring the ninth transcontinental pilgrimage of the association through Iowa of through Minnesota originally planned. to D. secretary of the Custer Battlefield Highway association. The is expected to leave Bat. tle Creek. Mich. August tour lasting Iowa towns visited will be Dubuque or Ames. Fort Dodge, Cherokee. Storm Lake and More than 250 tourists will be in the party. DEGREE WORK FEATURE FOR STATE K. OF C. MEET Davenport. May plification of the fourth degree will be the leading of the 25th annual convention of the Knights of Columbus of Iowa, here, May 23 25. The will mark the silver jubilee of the order in the state and the organization of Loras council of Davenport. The will be opened by pontifical high mass by Rev. Edward D. Howard, of Sacred Heart cathedral, here. Several speakers will be asked to provide the banquet program. Group Six Bankers Meet. Ia., May Two hundred members of group of the Iowa Bankers association. which made up of counties, gath ered here today and listened to ad dresses delivered by L. A. Andrew Des Moines. state of banking: Emil Weebles. Burling ton. president the Russell. of and Frank Warner. Des Moines, secretary of the state Officers elected were: N. Black Minburn, chairman. Hugh G. Little, Prairie City, secretary. Shoe Dealers to Convene. Creston, Ia., May officers the Iowa Retail Shoe Dealers association have announced that they will meet convention here some time in August. was announced today by the Chester chamber of com merce. In addition to the officers of the state association, all shoe dealers of southern and southwestern Iowa are expected to attend the convention. - Frozen Assets Close Bank. New Hartford, Ia., May The state banking department today charge the New Hartford State bank, which failed to open this morn ing. R. Farnsworth cashier of institution. Frozen assets are blamed. Saves Lad from Drowning. Cedar Rapids, May Leonard Mayer, cued from in the Cedar river just above the dam here by Joseph Powers, 17. Sell Lumber Yard. Alta, la., May The Newell Lumber company. local yard. has been sold to the Fullerton Lumber company, line Bodholdt was president of the lcoal con cern which had been in operation for 15 years. Pastor Accepts Call. Alta, Ia., May Rev. J. Esperson, pastor of the Danish Bap tist church at Newell, has accepted call to the pastorate of a Baptist church at Harlan, la. To Mark Park Trees. Webster City, Ia., May Every tree in three parks here will have tag bearing its common and botanical name, result of plans carried out by the local D. A. R. chapter. Woman Victim of Lamp Blast. Council Bluffs. May explosion lamp an fire to the clothing of Mrs. Will Rief, of Crescent. near here, today and it is feared she cannot recover.