Boyden Bank (Boyden, IA)

Episode Information

Episode UID
72107671601
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7210767 routing
Routing Number
72-1076
Start Date
May 1, 1933*
Location
Boyden, Iowa (43.191, -96.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
597423c7022f79a2

Response Measures

None

Description

No run reported; bank was in receivership and paying dividends to depositors.

Events (4)
1. May 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership (receiver S. G. Vanden Brink) and payments handled by receiver.
Newspaper Excerpt
Word has just been received from S. G. Vanden Brink, receiver of the Boyden Bank.
Source
newspapers
2. May 11, 1933 Receivership
Newspaper Excerpt
Word has just been received from S. G. Vanden Brink, receiver of the Boyden Bank. that a fifty per cent dividend will be declared on all deposIts ... starting Friday May 12th.
Source
newspapers
3. May 12, 1933 Other
Newspaper Excerpt
fifty per cent dividend will be declared on all depositors in the Boyden Bank which will be available starting Friday May 12th.
Source
newspapers
4. August 31, 1933 Other
Newspaper Excerpt
S. Vandenbrink, receiver for the Boyden Bank, has announced a five percent return on the depositors money, starting today. This brings the total paid out up to 55 percent.
Source
newspapers

Newspaper Articles (4)
1. May 11, 1933 The Boyden Reporter Boyden, IA
Article from The Boyden Reporter, May 11, 1933

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Article Text

Boyden Bank Receiver Declares 50 Per Cent Dividend Starting Friday L WRENCE GROOTERS GIVEN BOYDEN'S DRYS HIGH HONOR AT CONTEST Lawrence Grooters was awarded an excellent merit award for his excellency in playing the trombone at the state music contest in Iowa City last week-end. This is a high honor considering that he was competing with some of the best high schools in the state. LOCAL MAN SHOULD MAKE A GOOD HOUDINI Henry C. Meyn, of Boyden, should be given the title of Houdini II, for he can well say, "Now I have a Chevy, and now I haven't." He left last week owning a dandy Chevrolet se dan and now he hasn't even got the license plates, and the sad part of it all is that he didn't get paid for the sleight-of-hand performance Mr and Mrs. Meyn left last week for Indiana to attend the funeral of Mrs. Meyn's sister. On their return trip they travelled through the environs of Chicago, Illinois. Suddenly a decrepit old truck manned by a Kentucky "yankee" crashed broadside into the Meyn Chevy. A preliminary examination of the car did not show much damage, but upon lifting the hood, the engine appeared to be in worse shape than Dad's watch after Johnny took It apart. To make a sad story shorter a city garagemau traded train and taxi fair to Chicago for the remaining assets of the defunct Chevy.

2. May 11, 1933 The Boyden Reporter Boyden, IA
Article from The Boyden Reporter, May 11, 1933

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Article Text

Word has just been received from S. G. Vanden Brink, re" ceiver of the Boyden Bank. that a fifty per cent dividend will be declared on all deposIts in the Boyden Bank which will be avail able starting Friday May 12th. This will antomatically release over $100,000 to the depositors. It is exceedingly unusual that a bank in receivership is able to return to its depositors fifty per cent within sixty days of going receivership. The management of the Bank as well as the earnest co-operation of its receiver, S.G. Vanden Brink, has made This possible, and this early action on the part of these officials is indeed highly commendable.

3. May 26, 1933 The Alton Democrat Alton, IA
Article from The Alton Democrat, May 26, 1933

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Article Text

Boyden Bank Is Paying 50 Percent Authority was given the receiver of the Boyden Bank. an order signed by Judge Pitts this week, to 50 pay per cent of depositors' claims. his application authority to make the payment the receiver stated that liberty bonds other items belonging to had been sold in the total of The total amount due deposits, after deducting off-sets, is that sufficient hand on to pay the 50% dividend all deposits. AImost $100,000 is therefore being leased to depositors this week.

4. August 31, 1933 The Boyden Reporter Boyden, IA
Article from The Boyden Reporter, August 31, 1933

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Article Text

Boyden Bank Receiver Announces Another Payment S. Vandenbrink, receiver for the Boyden Bank, has announced a five percent return on the depositors money, starting today. This brings the to. Lal paid out up to 55 percent Paul T. McCrum has been doing his best to help Mr. Vandenbrink in the receivership work. The total amount paid out will now be $113,285.68.