3881. Farmers Savings Bank (Wheatland, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 27, 1934
Location
Wheatland, Iowa (41.832, -90.838)

Metadata

Model
gpt-5-mini
Short Digest
ac0ad64c

Response Measures

None

Description

Articles (published 1934-02-27) report the receiver's fifth report for Peoples Savings Bank of Delmar and that the bank is closed and in receivership; no run or reopening is mentioned. Judge Barker ordered an assessment against stockholders. Bank type not explicit from name; marked unknown.

Events (2)

1. February 27, 1934 Other
Newspaper Excerpt
In the case of the Peoples bank of Delmar, Judge Barker yesterday signed an order ordering an assessment levied against the 33 shares of stock in the name of James Bennis.
Source
newspapers
2. February 27, 1934 Receivership
Newspaper Excerpt
The fifth report of the receiver of Peoples Savings bank of Delmar shows cash on hand last Dec. 31 amounting to Assets are listed at $189,860.20. Depositors claims are $128,302.04.
Source
newspapers

Newspaper Articles (2)

Article from Quad-City Times, February 27, 1934

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Article Text

BANK REPORTS ARE APPROVED Clinton, Ia., Feb. re. ceivers of of four closed banks were approved Monday afternoon by Judge A. Barker in district Lyons Savings Bank. The 14th report receiver of Lyons Savings bank shows cash on hand Dec. $11,083.79 Among the disbursement were $4,098.07 expenses and the receiver ship and $2,545.98 to conserve assets. Assets the bank were given at The count balance the liabilities $46,357.08. of $185, and $100,771.14 have been paid. Depositors claims (net) are Peoples Bank of Delmar. The fifth report of the receiver Peoples Savings bank of Delmar shows cash on hand last Dec. 31 amounting to Assets listed at $189,860.20. Deposiare tors claims are $128,302.04. Farmers Bank of Calamus. The first report of receiver of Farmers Savings bank of Calamus shows cash on hand last Dec. 31, $3,518.26. Assets listed at $106,716.66. Depositors' liability $60,858.44. Stock assessments have amounted to $1,250. Farmers Bank of Wheatland. report of the receiver Farmers Savings bank of Wheatland shows cash on hand Dec. 31, $31,393.09. Assets are listed at $463,522.15 Four dividends have been paid claims amount to In the liability column the account to balance is $2,309.64. Ordered. In the case of the Peoples bank of Delmar Judge Barker yesterday signed an order ordering an assessment levied against the 33 shares stock in the name of James Bennis. Plaintiff in case the bank receiver VS the bank and the James Bennis estate is ordered recover from Katherine Scott and Rosella Hoffman, life tenants possession of the estate, the sum $3,300,


Article from The Daily Times, February 27, 1934

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Article Text

COURT IN CLINTON APPROVES REPORTS OF BANK RECEIVERS CLINTON, Ia., Feb. 27.-(Special) Reports of receivers of four closed banks were approved Monday afternoon Judge A. P. Barker in district court. Lyons Savings Bank The fourteenth report of the receiver of Lyons Savings bank shows cash on hand Dec. 31 last $11,083.79. Among the disbursements were $4,098.07 expenses and the receivership and $2,545.98 advanced to conserve assets. Assets of the bank were given at $1,511,252.78. The account to balance in the liabilities was $46,357 08. Dividends of $185,411.16, $175,533.30 and $100,771.14 have been paid. Depositors claims (net) are $1,128,193.64. Peoples Bank of Delmar The fifth report of the receiver of Peoples Savings bank of Delmar shows cash on hand last Dec. 31 amounting to Assets are listed at $189,860.20 Depositors claims are $128,302.04. Farmers Bank of Calamus The first report of receiver of Farmers Savings bank of Calamus shows cash on hand last Dec. 31 $3,518.26. Assets listed at $106,716.66. Depositors' liability is $60,858 Stock assessments have amounted to $1,250. Farmers Bank of Wheatland The tenth report of the receiver of Farmers Savings bank of Wheatland shows cash on hand Dec. 31, $31,393.09. Assets are listed at $463,522.15. Four dividends have been paid. Depositors claims amount to $349 139.44. In the liability column the account to balance is $2,309 Assessment Ordered In the case of the Peoples bank of Delmar, Judge Barker yesterday signed an order ordering an assessment levied against the 33 shares of stock in the name of James Bennis. Plaintiff in the case of the bank receiver vs. bank and the James Bennis estate is ordered to recover from Katherine E. Scott and Rosella Hoffman, life tenants in possession of the estate, the sum of $3,300.