Burr Oak Savings Bank (Burr Oak, IA)

Episode Information

Episode UID
72122771585
Episode Type
Run → Suspension → Unsure
Bank Type
savings
Bank ID
7212277 routing
Routing Number
72-1227
Start Date
January 18, 1932
Location
Burr Oak, Iowa (43.459, -91.865)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a44d2dade78629b6

Response Measures

None

Description

Articles use OCR variants 'Burroak/Burroak' for Burr Oak; reopening outcome not reported here.

Events (2)
1. January 18, 1932 Run
Cause
Local Banks
Cause Details
Heavy withdrawals (run) on Winneshiek County State Bank and affiliated institutions, precipitating runs at affiliates including Burr Oak Savings Bank.
Newspaper Excerpt
A heavy run on the bank yesterday precipitated the action.
Source
newspapers
2. January 19, 1932 Suspension
Cause
Local Banks
Cause Details
Failed to open following heavy run on the Winneshiek County State Bank and affiliated institutions; reorganization papers reportedly being circulated.
Newspaper Excerpt
The Burroak Savings bank at Burroak ... also failed to open.
Source
newspapers

Newspaper Articles (2)
1. January 19, 1932 Globe-Gazette Mason City, IA
Article from Globe-Gazette, January 19, 1932

Click image to open full size in new tab

Article Text

Doors of Winneshiek County State Bank at Decorah Fail to Open DECORAH, Jan. 19.-The Winneshiek County State bank this morning failed to open its doors. The Burroak Savings bank at Burroak, the Home bank at Highlandville and the Farmers Savings bank at Frankville, affiliated institutions altho separately incorporated, also failed to open. A heavy run on the bank yesterday precipitated the action. It is understood reorganization papers are already being circulated. D. W. Ernst, special bank examiner, is in charge. The Winneshiek County State bank. claimed to be the oldest bank in the state, was capitalized for $150,000 and had deposits of $1,800,000. C. J. Weiser is president nad W. N. Johnson, cashier.

2. January 21, 1932 Lime Springs Herald Lime Springs, IA
Article from Lime Springs Herald, January 21, 1932

Click image to open full size in new tab

Article Text

WINNESHIEK CO. BANK AND AFFILIATED CLOSED Winneshlek County State bank Tuesday mornIng falled to open its doors. The Burroak Savings bank at Burroak. the Home bank at Highlandville and the Farmers Savings bank at altho separately Incorporated. also failel to open. A heavy run on the bank precipitated the action. It is understood reorganization papers are already being circulated. D W. Ernst, special bank examIner, is In charge. The Winneshiek County State bank. claimed to be the ollest bank In the state, was capitalized for $150,000 and had deposits of $1,800,000. C. J. Wieser is president and W. N. Johnson,