Article Text
Bank Receiver Will Sue the Stockholders A petition to bring suit against the stockholders of the defunct Farmers Trust and Savings bank of Oto has been obtained in district
3675. Farmers Trust & Savings Bank (Oto, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- September 15, 1929
- Location
- Oto, Iowa (42.284, -95.893)
Metadata
- Model
- gpt-5-mini
- Short Digest
fd5d1a54
Response Measures
None
Description
Articles (Sept–Oct 1929) report the bank as defunct and that a receiver is acting for the Farmers Trust & Savings Bank of Oto, with the receiver filing suits. There is no newspaper text here describing a prior depositor run or an explicit suspension action, but the presence of a receiver and description as 'defunct' indicate the bank closed and entered receivership. Classified as suspension_closure because the bank closed and a receiver is handling its affairs; no evidence of a run or reopening.
Events (2)
1.
September 15, 1929
Receivership
- Newspaper Excerpt
- Bank Receiver Will Sue the Stockholders A petition to bring suit against the stockholders of the defunct Farmers Trust and Savings bank of Oto has been obtained in district
- Source
- newspapers
2.
October 25, 1929
Other
- Newspaper Excerpt
- Bank Receiver Files Suit on Promissory Note Suit for $1,293 has been brought by L. A. Andrew, state superintendent of banking, against George E. Rinker on a promissory note. The note was held by Farmers Trust and Savings bank of Oto. The suit is in district court.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Receiver Files Suit on Promissory Note Suit for $1,293 has been brought by L. A. Andrew, state superinten dent of banking. against George E. Rinker on a promissory note. The note was held by Farmers Trust and Savings bank of Oto. The suit is in district court.