3861. Washta State Bank (Washta, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 13, 1930
Location
Washta, Iowa (42.576, -95.718)

Metadata

Model
gpt-5-mini
Short Digest
de213516

Response Measures

None

Description

Washta State Bank closed its doors in mid-December 1930 (reported Dec. 13, 1930). There is no mention of a depositor run; the bank was closed (suspended) and later placed in receivership (receiver in charge transferred in Mar 1932). Classified as suspension leading to permanent closure/receivership. Date for suspension taken from contemporaneous news items (Dec 13, 1930).

Events (2)
1. December 13, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed by its directors in mid-December 1930; contemporaneous reports list it among small midwest banks that 'closed their doors' (no run described).
Newspaper Excerpt
In Iowa, the Washta State bank, with deposits of $125,000, was closed by its directors.
Source
newspapers
2. March 11, 1932 Receivership
Newspaper Excerpt
F. J. Hoskins, of Cherokee, Ia., receiver in charge of Washta State bank and a bank in Meriden, Ia., since they closed their doors in December, 1930, has been transferred by the state banking department to a failed bank In Vinton, Ia.
Source
newspapers

Newspaper Articles (4)
1. December 14, 1930 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, December 14, 1930

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Article Text

BANK ORDERED TO CLOSE, Connecticut Suspension Ruled to Protect Depositors. Conn., The Commercial Trust Company of New Britain, capitalized at was restrained from paying out deposits this afternoon by the who said the cash position been weakby of the last and the suspension to the interests The said every effort be made reorganize the bank. has of and Of the savings are nearly and than The bank the Connecticut to be closed the bank commissioner within John president of the no loss and expressed the would reopen in about week. 3 MIDWEST BANKS CLOSE. Three more small mid West banks closed their doors In the Washta State bank with deposits of closed by its This was the enth bank failure in Iowa within In Illinois, the First National Bank failed to for business the State Bank of Elroy with deposits of $160,000. was closed by the state banking department. Two other Wisconsin banks, for reorganization, were reopened.

2. December 14, 1930 The Independent-Record Helena, MT
Article from The Independent-Record, December 14, 1930

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Article Text

GRAIN By JOHN P. BOUGH Dec. -Skidding and July wheat today reached the lowest prices registered in 27 In sharp contrast. other future delivwere upheld by Federal Farm allies. July dropped into the "sixties." and finished virtnally the day's bottom figures. Closing heavy. with whent from yesterday to cents lower. corn to off. onts 10 down. and changed 10 10 cents taking wheat down bushel exactly same price December corn closed The but cent low for tury. According authorities mount ever. appeared to swayed by of of nadian abroad. stance regarded toreshadowing Canada and countries be the equator Miles Dec. 13. production of sugar beets in the Miles City vicinity started movement to secure a beet sugar factory this The proposition was brought before the Commercial club by Sawtell who expressed himself as confident beet sugar plant would be DAY ing concern. would also speed up sugar beet culture. said. The suggestion met with favor among business men and although no action has been taken to work for the factory is said the proposition may be launched at an early time. Mr. Sawtell believes beet sugar factory would be paying concern and one farmers would welcome. Farm land under the ditch around Miles City 16 adapted to sugar beets. 100. lower. light 25c and lower: choice Christpractical top matured bulk short fed light 500: fresh limited to market: prices naminally trucked all hos 500. for week Lambs. fed time: sales. feeding sales. lumbs to Cut SPOKANE 13: Dec. 2. sheep All THREE SMALL BANKS IN MIDWEST CLOSE DOORS Chicago. Dec. 13. more small midwest banks closed their doors today In Iowa, the Washta State bank. with deposits of $125,000. was closed by its directors In Illinois. the First National Bank of Sesser. capitalized at $25,000. failed to open for business: in Wisconsin. the State Bank of Elroy. with deposits of $460,000, was closed by the state banking department. Two other Wisconsin hanks, closed for reorganization, were opened. GERMANY HOLDS OFF ON AGREEMENT ON SUGAR GOOD NEWS Detroit. Mich Dec. The Chevrolet Motor company announced tonight 18 adding night shift to its present force of em playes and that It expects to keep least 30,000 men AL work in the Do- MINNEAPOLIS compared to Market lower: northern. No. northern Brussels, Dec. 13. (/P) An agreement on plan 10 stabilize what Thomas L. Chadbourno called bewttched industry" the world's SURRE business WAS reached today by all continental European nations attending the International sugar conference except Germany. Thus the conference must continur Monday despite the fact that many delegates expected It to end today and were forced to concel railway reservations which they had procured Tumbling wheat quotations followed by reports of wet wonderful Investigate throughout the provinces of Pain 4616 Ohio pas Cordoba identally wheat trading more PERSONAL than of late. There were predicJoin our tions that extremely low prices for handsome wheat would not only serve to ladies honorable tail spring wheat acreage in this yourself. ideal. country and Canada but also would Club. Box Send Standard mean likelihood that would hardly pay to cut some the wheat protein. protein. in Argentina and Australia. protein. Provisions with grain. hard Montana spite upturns in the value of hogs durum. Open Low May SEATTLE No Cattle. 31. CORN FUTURES 250 (AP). Price WHEAT OATS Dec May RYE Dec Close December (new) LARDJan yellow. white. sales

3. December 14, 1930 The Independent-Record Helena, MT
Article from The Independent-Record, December 14, 1930

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Article Text

GRAIN By JOHN P. BOUGHAN Chicago (AP) Skid ding cotton and stocks, July wheat today the lowest prices registered in In sharp contrast other future deliv upheld by Federal Farm board July dropped into the finished a virtually day's bottom figures Closing quotations on all corpals were with wheat 1111 hanged from to lower off to provisions The fall of whent down exactly same price December corn Hosed but cent above all time for this According mount grain business outlook Wheat how appeared swayed by ports of cheaper offerings of nadian abroad and countries below the equator and good helfers lower: bulls. 25c light yearling steady and 25 50c top top bulk short fed steers $7.50 bulk steers and 26 choice to stock Hogs. supply limited to test market prices nominally steady: no car hogs trucked nominal for week Lambs. 25 early fed lambs. showin to high time late slaughter $3.75: sales. $3.25 feeding lambs bulk $6.25 to $6.65 SPOKANE 2; sheep All steady unchanged SEATTLE THREE SMALL BANKS IN MIDWEST CLOSE DOORS Dec. 13 Three more small midwest banks closed their doors today In Iowa, the Washta State bank, with deposits of $125,000. closed by its directors In Illinois, the First National Bank of Sesser. capitalized at $25, 000. failed to open for business; in Wisconsin. the State Bank of Elroy. with deposits of $460,000, closed by the state banking department. Two other Wisconsin banks, closed for reorganization, were opened. Tumbling wheat etc quotations mist. followed by reports of wet har Makes wonderful and demon vest in Argentina package Tremendous Big Investigate sure throughout the of Pain P94-11 wheat trading PERSONAL than of There predic Lonely our club. world's tions that extremely prices for greatest extension bureau Let wheat would not only serve to cur ladies or honorable men like tail spring wheat acreage in this lonely One may your country Canada but also would Standard Club. Box mean likelihood that would hardly pay the wheat in Argentina and Australia cent Provisions sagged with grain dedark hard Montana cent prospite upturns in the value of hogs to arrive No. amber WHEAT- Open Low Close Dec durum. (old) March. May July. Mar May (old) to May Barley Seattle. Dec 31. CORN Flax No to Hogs. 442 $9.25 to heavies under 250 heavies. MINNEAPOLIS FUTURES 300 lbs., $8.25 to heavies. 300 lbs. Dec over packing WHEAT $6.25 to $7.25 plgs. $8.35 Dec May (old) May Dec 41% OATS May 42 33% FLOUR Flour unBran (old) to $18: middlings $17 $17.50 34% FLAX Duluth Dec 13 flax on May (old) 45% GERMANY HOLDS OFF ON May (new) AGREEMENT ON SUGAR LARD9.50 Brussels, Dec. 13. (AP) An May 9.15 9.15 agreement on plan to stabilize what Thomas L. Chadbourne called 11.40 May 11.62 bewitched industry' the Cash world's sugar business reached today by all continental European nations attending the inwhite, to GOOD NEWS ternational sugar conference except 33c. Detroit, Mich., Dec. 13 Germany BarleyThe Chevrolet Motor company an- Thus conference must con$8.50 nounced tonight is adding night tinue Monday despite the fact that Clover to $22 shift to its present force of em- many delegates expected it to end IN MINNEAPOLIS ployes and that expects to keep at today and were forced to concel Dec 229 least 30,000 men at work in the De- compared to 220 year ago. Market railway which they had troit area all winter 80%c: No. northern 15 per cent procured course has finally been put in its place. is in the Nebraska state insane hospital and is used by the patients to keep their minds occupied. is thought that this game will aid materially in managing the

4. March 11, 1932 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, March 11, 1932

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Article Text

MAN WALKING ON TRACK IS KILLED BY TRAIN Stuart, -(P)-Clarence Phillips, 45, was struck and killed by a fast passenger train while walking on the track. A strong wind was blowing and it is believed to have prevented him from hearing the train approach Death was pronounced accidental by Coroner Edna Sexsmith, of Greenfield. who conducted the inquest. SIOUX COUNTY BOARD LETS BRIDGE CONTRACTS Orange City, Ia.-Special: The Sioux county board of supervisors has let the following contracts: Nebraska Bridge Supply and Lumber company, Omaha, Neb., was awarded the contract for the year's supply of bridge lumber, at $10,645; Iowa Culvert and Pipe company. year's supply of culvert material. $7,249. Girl Wins Spelling Contest Logan, Ia --Special: Lucille Houston, student in the parochial school at Dunlap, won first place in the oral division of the Harrison county spelling contest. Franklin Peyton, of Logan, won first place in the written contest. Second place in the oral was won by Frances Arbaugh, of Mondamin, and second in written by Yvonne Wilhelm, of Modale. Winners of first places receive gold medals as prizes, and winners of second silver medals. Winners of first place in oral will compete in the state contest at Des Moines, and winners in written will compete in the interstate contest at Sioux City. Bank Receiver Leaves Washta. Ia.-Special: F. J. Hoskins, of Cherokee, Ia., receiver in charge of Washta State bank and a bank in Meriden. Ia., since they closed their doors in December, 1930. has been transferred by the state banking department to a failed bank In Vinton. Ia. Mrs. Hoskins will remain in Cherokee until after Easter, as she is director of the Presbyterian church choir. Wedded Half Century Ago Arthur, Ia.-Special: Mr. and Mrs. J. J. Smith, of this place, have celebrated their golden wedding anniversary. They were married in Illinois in 1882 and in 1888 came to Ida county, where they farmed 24 years. In 1912 they built home in Arthur and have resided here since. They have five children and 13 grandchildren. Mr. Smith is 72 years old and Mrs. Smith is 70. Optometrists Pick Officers Denison, Ia.-Special: At a meeting of the Southwest Iowa State Association of Optometrists, held in Denison, the following officers were elected: Dr. Griffith, of Harlan, president; Dr. Goodale, of Lennox, vice president; Dr. Larson, of Atlantic, Fall Kills Aged Woman Wabasso, Minn. Special: The death of Mrs. Katherine Goblirsch, 94 years old, occurred at the home of her daughter here. Death followed 24 hours after the woman fell in her daughter's home.