Farmers State Bank - Scranton, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 26, 1934
Location: Scranton, Iowa (42.022, -94.545)

Metadata

Model: gpt-5-mini
Short Digest: 3b131743

Response Measures

None

Description

Article (Carroll Daily Times Herald, 1934-12-26) reports the Farmers State Bank building was purchased from the bank receiver, indicating the bank had been placed in receivership and the assets disposed. No run or temporary suspension described in the article; outcome consistent with permanent closure/receivership and sale of assets. Date taken from the newspaper publication (sale noted in article published 1934-12-26).

Events (1)

1. December 26, 1934 Receivership

Newspaper Excerpt: Dr. Donavan of here purchased the Farmers State bank building Friday from the bank receiver for $2,500.
Source: newspapers

Newspaper Articles (1)

1. December 26, 1934 Carroll Daily Times Herald Carroll, IA

Article from Carroll Daily Times Herald, December 26, 1934

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Article Text

Scranton Earl C. Wever was seriously injured Friday afternoon while cranking a gas engine. The crank came loose and struck him in the forehead. cutting a gash to the bone. He was taken at once to his physician for medical aid. Superintendent and Mrs. C. C. Anama will spend their Christmas and New Years vacation at their homes at Woolstock and Rock Valley. Ta. They will also spend a few days in Waterloo, Ia. Walter B. Kramme, principal of high school here. will spend the holidays with friends in Des Moines. Harold Frese left Friday evening to spend the Christmas vacation with his sister and aunt at Belle Plaine. He is science and physics teacher here. Coach Faber of Scranion high went to Davenport for the holidays and will visit relatives and friends in southeastern Iowa. Manager Ung gave a free picture show to all the grade and high school boys and girls Friday afternoon. Each one of the pupils received a sack of candy from the Scranton Commercial club. Dr. Donavan of here purchased the Farmers State bank building Friday from the bank receiver for $2,500. Dr. P. W. Herrick and Dr. J. W. Presnell have their offices in the building. Harold Christensen entertained at his home Saturday evening as a farewell party honoring his brother. Romaine, who was leaving for southern California. The evening was spent in playing games and refreshments were served. The fifth grade of Scranton