Elkhorn Bank (Elk Horn, IA)

Episode Information

Episode UID
72131071601
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7213107 routing
Routing Number
72-1310
Start Date
May 1, 1933
Location
Elk Horn, Iowa (41.592, -95.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
707454b56ea5e58e

Response Measures

None

Description

Bank is closed and in receivership with dividends paid; no run is reported in these articles.

Events (4)
1. May 1, 1933 Receivership
Newspaper Excerpt
hearings ... filed ... by V. H. Byers, attorney for the receiver of the Elk Horn bank, and F. H. Kruse, receiver ... claims. Judge O. D. Wheeler will act on the claims.
Source
newspapers
2. May 8, 1933 Receivership
Newspaper Excerpt
Receiver F. H. Kruse is to receive from the main trust fund for his ... $1,200. ... Byers, attorney for the receiver, will receive ... $1,500.
Source
newspapers
3. June 22, 1933 Other
Newspaper Excerpt
600 depositors of the closed Elk Horn receive second dividend checks amounting to approximately $45,000 paid by the bank by Receiver H. Kruse.
Source
newspapers
4. * Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership and closed by authorities/receiver prior to the hearings on receiver fees.
Newspaper Excerpt
closed Elk Horn
Source
newspapers

Newspaper Articles (3)
1. May 1, 1933 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, May 1, 1933

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Article Text

HOLD HEARINGS ON BANK RECEIVER FEES Special The Nonpareil, May Hearings were to be held today on two documents which have been filed in the office of the clerk of the district court here by V. H. Byers, attorney for the receiver of the Elk Horn bank, and F. H. Kruse, receiver, in which the former asks $19,757 and Kruse asks $16,000 for services rendered. Byers has received fees to date of and Kruse has been paid $11,199. Judge O. D. Wheeler will act on the claims.

2. May 8, 1933 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, May 8, 1933

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Article Text

RECEIVER'S PAY CUT TO $1,200 JUDGE WHEELER TAKES DRASTIC ACTION IN ELK HORN BANK CASE. ATTORNEY'S CLAIM CUT Special The May a hearing before Judge Wheeler in the matter of the allowance of court costs in the Elk Horn bank case, Receiver F. H. Kruse is to receive from the main trust fund for his to date $1,200. Included in his services shall be report to date and the payment of divident to the depositors. H. Byers, ttorney for the receiver, will receive for his services to date, including the legal assistance to the in making his report to date and paying the dividend to the depositors, $1,500. Kruse had previously applied for a total of $16,000 of which amount he had already received approximately $11,000 while Byers asked $19.757.29 which he had received $11,346.50.

3. June 22, 1933 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, June 22, 1933

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Article Text

ELK HORN BANK TO ISSUE DIVIDENDS MORE THAN 600 DEPOSITORS SHARE IN $45,000 CUT. Special 600 depositors of the closed Elk Horn receive second dividend checks amounting to per this week. Approximately $45,000 the bank by Receiver H. Kruse.