Cerro Gordo State Bank (Clear Lake, IA)

Episode Information

Episode UID
4065427291621
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
406542729 hash
Start Date
January 7, 1935
Location
Clear Lake, Iowa (43.138, -93.379)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7ff37b53fde18911

Response Measures

None

Description

Articles refer to the bank being in receivership and paying dividends, indicating permanent closure with a receiver.

Events (1)

1. January 7, 1935 Receivership
Newspaper Excerpt
According to announcement made today by John M. Slosson, bank receiver.
Source
newspapers

Newspaper Articles (5)

Article Text

$43,000 TO BE PAID BY BANK Dividend Checks for 5 Per Cent to Be Ready Wednesday. CLEAR LAKE, Jan. 7.—Approximately $43,000 worth of checks to depositors of the Cerro Gordo State bank will be available at the bank Wednesday or Thursday of this week, according to announcement made today by John M. Slosson, bank receiver. This is a dividend of 5 per cent on the total deposits. A total of 25 per cent has been paid out up to date.


Article Text

$43,000 TO BE PAID BY BANK Dividend Checks for 5 Per Cent to Be Ready Wednesday. CLEAR LAKE, Jan. 7.—Approximately $43,000 worth of checks to depositors of the Cerro Gordo State bank will be available at the bank Wednesday or Thursday of this week, according to announcement made today by John M. Slosson, bank receiver. This is a dividend of 5 per cent on the total deposits. A total of 25 per cent has been paid out up to date.


Article Text

BANK DIVIDEND ORDERED PAID Nearly $43,000 Will Be Paid to Cerro Gordo State Depositors. CLEAR LAKE, May 27.—An order authorizing J. M. Slosson, receiver of the Cerro Gordo State bank, to pay a five per cent dividend to the depositors of the bank was ordered by Judge M. F. Edwards Saturday afternoon. Between $42,000 and $43,000 will be released with this payment. This makes a total of 30 per cent paid out by the local receiver. Checks will be available to depositors in 10 days. This is not the final dividend according to receiver in charge. Times change rapidly. William Allen White says we must look to the republican party. And only a few months ago we were looking for it with a microscope.—Worcester, Mass., Evening Gazette.


Article Text

BANK DIVIDEND ORDERED PAID Nearly $43,000 Will Be Paid to Cerro Gordo State Depositors. CLEAR LAKE, May 27.—An order authorizing J. M. Slosson, receiver of the Cerro Gordo State bank, to pay a five per cent dividend to the depositors of the bank was ordered by Judge M. F. Edwards Saturday afternoon. Between $42,000 and $43,000 will be released with this payment. This makes a total of 30 per cent paid out by the local receiver. Checks will be available to depositors in 10 days. This is not the final dividend according to receiver in charge.


Article Text

BANK DIVIDEND ORDERED PAID Nearly $43,000 Will Be Paid to Cerro Gordo State Depositors. CLEAR LAKE, May 27.—An order authorizing J. M. Slosson, receiver of the Cerro Gordo State bank, to pay a five per cent dividend to the depositors of the bank was ordered by Judge M. F. Edwards Saturday afternoon. Between $42,000 and $43,000 will be released with this payment. This makes a total of 30 per cent paid out by the local receiver. Checks will be available to depositors in 10 days. This is not the final dividend according to receiver in charge. Times change rapidly. William Allen White says we must look to the republican party. And only a few months ago we were looking for it with a microscope.—Worcester, Mass., Evening Gazette.