Gilmore Exchange Bank (Gilmore City, IA)

Episode Information

Episode Type
Suspension → Closure
Start Date
October 3, 1933
Location
Gilmore City, Iowa (42.729, -94.448)
Bank Type
private
Routing Number
72-0810
Alt. names
Exchange Bank

Metadata

Episode ID
Bank ID
City ID
190456906
Model
gpt-5-mini
Short Digest

Notes

Multiple articles across 1933–1935 name receivers and sales of assets, indicating the bank was closed and in liquidation.

Events (3)
1. October 3, 1933 Receivership
Newspaper Excerpt
Ben Abben, receiver of Gilmore Exchange bank, sold 5,000 bushels of corn last week...
Source
newspapers
2. June 15, 1934 Receivership
Newspaper Excerpt
Ben Abben, receiver for the Gilmore City Exchange bank, recently sold the 130 acres...
Source
newspapers
3. April 8, 1935 Receivership
Newspaper Excerpt
Lloyd Elston, new receiver of the Gilmore Exchange bank, began his duties at Gilmore, Monday, April 8th.
Source
newspapers

Newspaper Articles (3)
1. October 3, 1933 Humboldt Independent Humboldt, IA

Article Text

Bank Receiver Sold 5,000 Bushels of Corn

Ben Abben, receiver of Gilmore Exchange bank, sold 5,000 bushels of corn last week to the Fort Dodge Serum company at Fort Dodge. The corn is being trucked the plant by Ralph Garren of Gilmore City.

2. June 15, 1934 The Humboldt Republican Humboldt, IA

Article Text

Gilmore Bank Receiver Sold Farm in Grove

Ben Abben, receiver for the Glimore City Exchange bank, cently sold the 130 acres four miles northeast Dakota City to Elwood Livermore, said. The place now occupied by Thorn. Mr. Hanson will take possession March first of next year.

3. April 16, 1935 Humboldt Independent Humboldt, IA

Article Text

New Bank Receiver Now at Gilmore City

Lloyd Elston, new receiver of the Gilmore Exchange bank, began his duties at Gilmore, Monday, April 8th. Mr. Elston's home is in Burt and his family does not plan to move to Gilmore until the close of the school year. Mr. Elston has been with the state banking department and he has liquidated several closed institutions. Mr. Elston succeeds Ben Abben as receiver of the Gilmore bank.