Alvord Bank (Alvord, IA)

Episode Information

Episode UID
5463077291572
Episode Type
Run → Suspension → Unsure
Bank Type
private
Bank ID
546307729 hash
Start Date
December 1, 1930*
Location
Alvord, Iowa (43.342, -96.301)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
23da80baddadbad8

Response Measures

None

Description

OCR in articles corrected (Alsord -> Alvord); unclear if closure was permanent or temporary, more articles would help.

Events (2)
1. December 1, 1930* Run
Cause
Local Banks
Cause Details
Runs and failures at Sioux City banking institutions undermined confidence and sparked withdrawals at local banks, including Alvord Bank.
Measures
Officers and directors closed doors to conserve assets; suspended business.
Newspaper Excerpt
A run started on convinced the officers and directors of the four banks of the advisability of closing
Source
newspapers
2. December 17, 1930 Suspension
Cause
Local Banks
Cause Details
Heavy withdrawals and loss of confidence following failures of Sioux City banks led the bank to close/suspend business.
Newspaper Excerpt
The Alvord at Alvord. private institution ... suspended business.
Source
newspapers

Newspaper Articles (2)
1. December 17, 1930 Des Moines Tribune Des Moines, IA
Article from Des Moines Tribune, December 17, 1930

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Article Text

DOZEN ARKANSAS BANKS CLOSED FOUR LYON COUNTY BANKS CLOSE DOORS Affairs Turned Over to State Officials. LITTLE ROCK. ARK (U.P.) Twelve Arkansas banks and trust Wednesday closed their doors. turning over their affairs to the state banking de partment The closures were attributed to heavy withdrawals The banks were: Citizens Joseph Citizens Bank and Trust Co Harrison First Na tional First Na tional Eureka Springs Bank of Pass Bank of Everton Bank of Leadhill Leadhill Amer ican Exchan bank Leslie First State bank Citizens bank. Yellville Bank of Flippin, Flippin Bank of The last two banks listed were branches of the Citizens Bank of Yellville The Citizens Bank & Trust company of Harrison is the largest bank those closed with deposits totaling more than one million dollars. banks with large deposits were the Citizens* bank of Yellville and its deposits First State bank Marshall $320.000 American ExAggregate deposits of the other banks estimated at more than One In Mississippi ABERDEEN MISS The Commercial Bank Trust company. one three banking in stitutions here failed to open Wednesday and its affairs were turned over to the state banking department for liquidation Capitalization of the bank was $60. (The Tribune's Iowa News Service.) ROCK banks in Lyon county closed their doors Wednesday The largest was the First National bank of Rock Rapids. which had deposits of $318,000. according to the last published report, and of 000 The Alvord at Alvord. private institution: the Savings bank of Larchwood state bank, and the Farmers National bank of Inwood were the others which suspended business. According to the Iowa bank directory Alvord bank capitalized $22 000 and had deposits of $315,000. The Larchwood Savings bank had capital of $90 000 and deposits of $200,000, and the Farmers National bank Inwood had capital of $40,000 and deposits of Charles Shade is president of all four banks

2. December 26, 1930 The Sioux County Index Hull, IA
Article from The Sioux County Index, December 26, 1930

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Article Text

Supervisors News Of Sioux County Complete Report of the Meeting of the County Board of Supervisors Members present sume as forenoon At 2 o'clock P. M. which being the time set for opening bids on 12 carloads of bridge lumber there were Nebraska Bridge Supply & Lumber Co of Omaha, Nebraska having submitted the following bid and being low bldder the board on motion awarded them the contract for the lum ber and piling: (Lumber and Piling Contract and contract prices on File at Index.) On motion the Board instructed the county auditor to return the certified checks to the unsucceseful bidders. On motion the Board approved the ffficial bond of John Vauder Hamm, ******** of the town of Ireton. On motion the Board exempted a three acre tract located In the north west corner of the Northwest Quarter of Section 1 East Orange Township used for cemetory purposes. On motion the Board exempted lots 14-15-16 and 17 Block 28 Western Town Lot Company Hawardeu, Iowa, from taxes for the year 1923 and 1930 in account of said property being used for church purposes. On motion the Board exempted lots 3 and 7 Block 29 in North Stoux Coner from taxes for the years 1929 and 1030 on account of said property beng used for church purposes. On motion the Board suspended the taxes against South one-half of Lots 7 and 8 Block 7 owned by Mrs. W. Sterrenberg for the year 1929 and 1930 as recommended by the town council of Orange City. The Board spent the remainder of the day auditing claims as found in the claim register and 07 motion Instructed the county auditor to draw On motion the Board adjurned to December 2nd, 1930 An unwarranted lack of conddence, fostered by the failure of Sioux City banking institutions more than a week ago, forced the closing of four Lyon county banks the first of last week. All wore members of the thain organized many years 050 by 2 group hoaded by Ohne Shado, long identified with the banking business 'n that county. A run started on convinced the officers and directors of the four banks of the advisability of closing In order that their assets might be conserved no far as possinle, and they moved to take such neilon at a meeting held In Rock Rapds on Tuesday evening. Banks affected by the closing order were the First National Bank of Rock RapRdA, the Alsord Bank of Alvord. the Parmers' National Bank of Inwood. and the Savinga Bank of Larchwood.