Citizens Savings Bank - Sigourney, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 1, 1922*
Location: Sigourney, Iowa (41.333, -92.205)

Metadata

Model: gpt-5-mini
Short Digest: ef4d05e5

Response Measures

None

Description

The article reports the Citizens' Savings Bank in Sigourney closed March 1922 and is being handled by receivers; a 10% dividend was ordered paid to depositors in 1925. No run is mentioned, so this is a suspension/closure with receivership.

Events (2)

1. March 1, 1922* Suspension

Cause Details: Bank closed its doors in March 1922; article does not specify cause (insolvency/failure implied).
Newspaper Excerpt: The bank closed its doors March 1922
Source: newspapers

2. September 3, 1925 Receivership

Newspaper Excerpt: Wagner has ordered that the depositors the defunct Citizens' Savings bank here be paid 10 per cent dividends. The bank closed its doors March 1922, and this is the first dividend to be paid the depositors. ... The depositors will receive their share of dividends just as soon as checks can be issued from Des Moines.
Source: newspapers

Newspaper Articles (1)

1. September 3, 1925 Quad-City Times Davenport, IA

Article from Quad-City Times, September 3, 1925

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Article Text

SIGOURNEY BANK Depositors Receive 10 Cents on Dollar from Bank Closed in '22. Wagner has ordered that the depositors the defunct Citizens' Savings bank here be paid 10 per cent dividends. The bank closed its doors March 1922, and this is the first dividend to be paid the depositors. The judge's order was result of the by the bank's receivers, C. Lambert. attorney for the stated that the total amount included in the ten per cent would be $21,000. The depositors will receive their share of dividends just as soon as checks can be issued from Des Moines.