Farmers Bank - Westside, IA

Episode Information

Episode Type: Suspension → Closure
Start Date: July 1, 1923*
Location: Westside, Iowa (42.059, -95.098)
Bank Type: private
Routing Number: 72-1073

Metadata

Episode ID
Bank ID
City ID: 190462948

Model: gpt-5-mini
Short Digest

Events (2)

1. July 1, 1923* Suspension

Cause Details: Article does not specify cause of closure; bank simply closed in July 1923.
Newspaper Excerpt: which closed its doors in July, 1923.
Source: newspapers

2. January 28, 1925 Receivership

Newspaper Excerpt: Paul Richards, referee in bankruptcy, today entered an order for the payment of $13,738.60 in preferred claims against the bankrupt Farmers' bank of West Side, Ia., which closed its doors in July, 1923.
Source: newspapers

Newspaper Articles (1)

1. January 28, 1925 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, January 28, 1925

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Article Text

DIVIDENDS TOO, LATER The Depositors Will Soon Receive a Payment on Their Shares in the Assets of Bankrupt Bank. Paul Richards, referee in bankruptcy, today entered an order for the payment of $13,738.60 in preferred claims against the bankrupt Farmers' bank of West Side, Ia., which closed its doors in July, 1923. The bank will soon pay a dividend on the rest of the claims. Trustee J. M. Shea has collected $20,174.20 on the banks paper since taking over its affairs.

Episode Information

Metadata

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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