3888. Winthrop State Bank (Winthrop, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1931*
Location
Winthrop, Iowa (42.473, -91.734)

Metadata

Model
gpt-5-mini
Short Digest
17b6458d

Response Measures

None

Description

Articles indicate the Winthrop State Bank closed in December 1931 and was placed in receivership (receiver V. Sandvig). No article describes a depositor run. Later liquidation actions and dividend payments are reported (receiver selling assets, paying dividends).

Events (3)
1. December 1, 1931* Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership (receiver later handling assets and disbursements).
Newspaper Excerpt
the bank closed in December of 1931.
Source
newspapers
2. May 16, 1933 Receivership
Newspaper Excerpt
V. Sandvig, receiver of the bank at Winthrop, on Tuesday applied district for permission to sell 40 acres ... Probate inventory was Tues- (May 16, 1933 article).
Source
newspapers
3. October 8, 1933 Other
Newspaper Excerpt
Winthrop Bank Pays Fifth Dividend for 60 Per Cent Total ... the fifth disbursement ... will bring payments ... the bank closed in December of 1931.
Source
newspapers

Newspaper Articles (2)
1. May 16, 1933 The Courier Waterloo, IA
Article from The Courier, May 16, 1933

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Article Text

Winthrop Bank's Receiver Wants To Sell 40 Acres (Courier Special Independence, V. Sandvig, receiver of the bank at Winthrop, on Tuesday applied district for permission to sell 40 acres of the place known as the Fagan two miles north that buyers would be Cora Meffert and the price $800 The notes this less than the appraised value. Probate inventory was Tues-

2. October 8, 1933 The Courier Waterloo, IA
Article from The Courier, October 8, 1933

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Article Text

Winthrop Bank Pays Fifth Dividend for 60 Per Cent Total Special Another dividend will be passed People's State bank. the fifth disbursement deposiand will bring payments the bank closed in December of 1931.