Zwingle Savings Bank - Zwingle, IA

Episode Information

Episode UID: 5829650991497
Episode Type: Suspension → Closure
Bank Type: savings
Bank ID: 582965099 hash
Start Date: September 6, 1924
Location: Zwingle, Iowa (42.298, -90.688)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 994b83093f0c9c35

Response Measures

None

Description

Cashier's disappearance precipitated exam and closure; court appointed receiver and ordered dissolution.

Events (2)

1. September 6, 1924 Receivership

Newspaper Excerpt: Robert L. Leach, state superintendent of banking has been appointed receiver for the Zwingle Savings bank of Zwingle by Judge P. J. Nelson. ... The court order also includes the clause that the bank is to be dissolved following the liquidation.
Source: newspapers

2. September 6, 1924 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors voluntarily closed the bank after the cashier disappeared and examiners found insolvency; petition filed by superintendent.
Newspaper Excerpt: The Zwingle bank was closed voluntarily by the directors last week following the disappearance of W. F. Stauffer, cashier, and the arrival of the bank examiners.
Source: newspapers

Newspaper Articles (1)

1. September 7, 1924 Quad-City Times Davenport, IA

Article from Quad-City Times, September 7, 1924

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Article Text

NAME ZWINGLE BANK RECEIVER Leach Named by Court to Handle Affairs; Stauffer Gone. Dubuque, Ia., Sept. 6.—Robert L. Leach, state superintendent of banking has been appointed receiver for the Zwingle Savings bank of Zwingle by Judge P. J. Nelson. The Zwingle bank was closed voluntarily by the directors last week following the disappearance of W. F. Stauffer, cashier, and the arrival of the bank examiners. The state banking department head had filed a petition seeking appointment as receiver. In his petition he stated that the bank was insolvent and unsafe and that the interest of the creditors required the closing of the bank. The court order also includes the clause that the bank is to be dissolved following the liquidation. Stauffer disappeared the day before the arrival of the bank examiners. The examiners did not learn that he had left until their second day at the bank. As yet no trace has been found of Stauffer.