Everly Bank - Everly, IA

Episode Information

Episode UID: 72106171261
Episode Type: Run → Suspension → Closure
Bank Type: private
Bank ID: 7210617 routing
Routing Number: 72-1061
Start Date: January 9, 1905
Location: Everly, Iowa (43.160, -95.328)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: aad93503449b47e2

Response Measures

None

Description

Bank made an assignment (F. N. Wood as assignee) and closed; assignment treated as permanent closure/receivership.

Events (3)

1. January 9, 1905 Receivership

Newspaper Excerpt: made an assignment for the benefit of his creditors, with F. N. Wood, of Everly, as assignee There is no doubt but what there is enough of assets to pay every dollar to the depositors. Mr. Baker is a man who has the respect of all, and has an excellent standing in the community.
Source: newspapers

2. January 9, 1905 Run

Cause: Rumor Or Misinformation
Cause Details: Small run started by a rumor about the bank's condition
Measures: None beyond closing doors; owner made an assignment
Newspaper Excerpt: A small sized run was inaugurated from a rumor that the condition of the bank was not of the best
Source: newspapers

3. January 9, 1905 Suspension

Cause: Rumor Or Misinformation
Cause Details: Owner closed doors and made an assignment following withdrawals sparked by rumor
Newspaper Excerpt: at 11 o'clock Mr. Baker closed its doors and made an assignment with no preferred creditors
Source: newspapers

Newspaper Articles (1)

1. January 24, 1905 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, January 24, 1905

Click image to open full size in new tab

Article Text

overruled. DEPOSITORS WILL NOT LOSE. Enough Assets of Everly Bank to Pay Every Dollar. Special to Times-Republican: Everly, Jan. 24.-Louis Sharnburg,, of this place, has been made cashier of the newly organized bank of Everly. The Everly Bank, which was formerly owned and opreated by John P. Baker, closed its doors two weeks ago yesterday and made an assignment for the benefit of his creditors, with F. N. Wood, of Everly, as assignee. A small sized run was inaugurated from a rumor that the condition of the bank was not of the best, and at 11 o'clock Mr. Baker closed its doors and made an assignment with no preferred creditcrs. There is no doubt but what there is enough of assets to pay every dollar to the depositors. Mr. Baker is a man who has the respect of all, and has an excellent standing in the cominunity.