Bank of Sully - Sully, IA

Episode Information

Episode UID: 72160471373
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7216047 routing
Routing Number: 72-1604
Start Date: May 2, 1914
Location: Sully, Iowa (41.578, -92.845)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 694d4711e26b2e26

Response Measures

None

Description

Receiver appointed; assets include heavily mortgaged land and questionable stock.

Events (1)

1. May 2, 1914 Receivership

Newspaper Excerpt: Receiver For Sully Bank. Des Moines. May 2 - William C. Lane, attorney, was appointed receiver for the bank of Sully, at Sully, near Newton... the bank's liabilities aggregate $118,000, while the assets amount to $130,000.
Source: newspapers

Newspaper Articles (1)

1. May 2, 1914 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, May 2, 1914

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Article Text

Men Invited. As in the other suffrage parades men were urged to join the marchers, and many responded. No headgears were provided for men marchers but they will carry flags. Much difficulty was found in making arrangements for the use of the boulevard and park. The commissioners finally, after declining to allow Grant Park on the lake front in the downtown district to be used for a grand rally, permitted stands to be erected in the park and ordered the boulevard cleared for the parade. Governor Dunne promised to review the marchers with other distinguished persons. Receiver For Sully Bank. Des Moines. May 2-William C. Lane, attorney. was appointed receiver for the bank of Sully, at Sully, near Newton, by W. H. Whitaker, receiver in bankruptcy. The banks liabilities aggregate $118,000, while the assets amount to $130,000. Among the list of assets, however, is 2,000 acres of land, which is heavily mortgaged and a large amount of stock in the National Mausoleum company. the value of which is problematical. It is estimated that 200 persons residing in the vicinIty of Sully are affected by the closing of the bank.