Bank of Sumner - Sumner, IA

Episode Information

Episode UID: 72049271585
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7204927 routing
Routing Number: 72-0492
Start Date: January 7, 1932
Location: Sumner, Iowa (42.847, -92.092)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 6e174a5c80332ad8

Response Measures

None

Description

OCR errors in article (e.g., 'Bank Sumon') corrected when identifying the bank and receiver reference.

Events (2)

1. January 7, 1932 Receivership

Newspaper Excerpt: upon closing of the Bank Sumner, this was turned over to the receiver as part of the assets of that institution.
Source: newspapers

2. January 7, 1932 Suspension

Cause: Government Action
Cause Details: Bank closed and assets turned over to the receiver (receiver handling bank's assets following closure).
Newspaper Excerpt: upon closing of the Bank Sumner, this was turned over to the receiver as part of the assets of that institution.
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 The Sumner Gazette Sumner, IA

Article from The Sumner Gazette, January 7, 1932

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Article Text

DISPOSAL Take Option from Bank Receiver Month Ago The town council decided to cise option secured from Murphy, receiver the Bank of Sumon the tract of pasture just south town regular January meetheld Tuesday night in the town hall. Formal negotiations Mr. Murphy will be taken nt an journed meeting be held tonight. Because of the location the disposal plant adjacent the town felt that the pasture be owned by town. However, years Hankner Hankner have maintained dam the creek for securing their annual supply of and the Sumner Creamery company has had outlet into the creek below the dam. These firms addition to the city vitally interested in the future the tract. At the December meeting of the council, was decided to secure an option on the tract, and attempt terms with the ice company and the creamery company for future use. Officers and directors the creamery company were present at the Tuesday night meeting, and that time agreement drawn whereby the town furnish easement to the creamery continue their sewer connection into the creek. In former this tract has been under the ownership Smith. upon closing of the Bank Sumner, this was turned over to the receiver as part of the assets of that institution. The council also adopted resoluthe annual poll tax $3 per male the ages and with penalty of failure to the designated period. The resignation of Schuknecht from the fire was accepted, and Erwin Ribbeck's name was approved his successor. appeared before the council seeking permission tables in lunch and pool hall. The matter later meeting further tion town covering this point.