Farmers & Merchants Bank

Episode Information

Episode UID: 72118471535
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7211847 routing
Routing Number: 72-1184
Start Date: November 1, 1927*
Location: Auburn, Iowa (42.251, -94.878)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 3ac4015c94afe198

Response Measures

None

Description

OCR errors in article corrected (e.g., names); bank described as a private institution and a receiver was appointed.

Events (2)

1. November 1, 1927* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Heavy loans to a company and a $41,939 judgment on a note left bank insolvent; directors conveyed real estate and sought extension.
Newspaper Excerpt: the Farmers and Merchants bank of Auburn, which closed its doors last week.
Source: newspapers

2. November 5, 1927 Receivership

Newspaper Excerpt: Whitted... was appointed by the court as receiver for the Farmers and Merchants bank of Auburn; the receivership was consented to by the officers and directors of the bank.
Source: newspapers

Newspaper Articles (1)

1. November 6, 1927 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, November 6, 1927

Click image to open full size in new tab

Article Text

HIRED MAN MAY MYSTERY Sheriff and Friends Keep Guard at "Haunted" Place. (By the Associated Press.) Tipton, Ia., Nov. 5.-The mystery surrounding the "phantom gian!" succeeded in driving the family Arnold Alberts from their farm home to town, after making four nocturnal visits to the place, win be solved shortly, authorities said today. Arnold Wiese. hired man, was questioned by County Attorney Mar. ton Hamiel today. Hamiel made except to say that the mystery would be up. The sheriff and several friends guarded the Albert home last night the "phantom" did not appear. thought he saw about midnight, but it false reported today that Wiese is the only man who has ever seen the midnight prowler. DEDICATION SERVICES FOR LAKE CITY CHURCH PLANNED Lake City, Nov. 5.-Special: Woodlawn Christian church obdedication day for its new building Sunday. The program will include service in all the regular departments of the church, beginning with demonstration of the new Sunday school equipment. The regular communion will be and the pastor, Rev B. Kern, will deliver the ser Afternoon services will open with of memorial windows by Nina Gregg Woods. Addresses made by visiting ministers and the sermon will be preached by Rev. Arthur Dillinger, state secretary of the disciples of Christ. Dr. D. W. Morehouse, president of Drake university. will preach the sermon evening services the close with the administration rites baptism. mass chorus the various choirs of the city, and the Lake City and men's will sing services. The new church reone burned year ago. SCHALLER MAN IS NAMED AUBURN BANK RECEIVER Sac City, Ia., Nov. M. Whitted, of Schaller, Ia., forme: clerk of the district court of Seg county and many years bank cash Schaller, was appointed by the court as receiver for the Farmers and Merchants bank of Auburn, which closed its doors last week. Inasmuch as the bank private institution. the winding up of its will not under the direction of either the state or federal banking department. but the receivership will be handled same that an individual or partnership. The application of M. Helm Son, who opgeneral store Auburn and claim to have $1,621 on deposit in the bank. The receivership was consented to by the officers and directors of the bank. W. Toop was president of the bank at the time closed, and W. E. Comstock, cashier. A trust deed was filed the office of the recorder by the directors and their wives, conveying certain real estate to the National bank, of Des Moines deed given in consideration year' extension of the indebtedness of the Farmers and Merchants bank of Au burn the Moines bank. for of of which was for promissory note and $76,000 for written guaranty of ness. Edward Welch. of Sloux City, was receiver for the Auburn Brick and living eight miles west of here, who was so injured in an automobile Tile and will close up the afcident three weeks ago, that it was fairs of that institution. Heavy loans this said necessary to amputate one of his legs. made to company are have been responsible for the gathered at his home and made shert work of his fall plowing. There were (ailure of the Farmers and Merchants receiver was named two tractors. 12 gang and seven bank. sulky plow in the field one time application of W. N. Healy. who was which required 21 men and 96 horses given judgment for $41,939 for note due. to operate.