Danbury Trust & Savings Bank (Danbury, IA)

Episode Information

Episode UID
72169171494
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
trust
Bank ID
7216917 routing
Routing Number
72-1691
Start Date
June 1, 1924*
Location
Danbury, Iowa (42.234, -95.722)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3043287df4d0b191

Response Measures

None

Events (3)

1. June 1, 1924* Run
Cause Details
Heavy withdrawals during the week precipitated the crisis; specific trigger not given
Newspaper Excerpt
went into the hands of the state banking department today following a heavy run on the institution this week
Source
newspapers
2. June 14, 1924 Other
Newspaper Excerpt
The Danbury Trust and Savings bank ... went into the hands of the state banking department today following a heavy run on the institution this week. B. M. Blakesly, bank examiner, has taken charge of the bank in place of George C. Schrunk, president.
Source
newspapers
3. June 14, 1924 Receivership
Newspaper Excerpt
went into the hands of the state banking department today ... B. M. Blakesly, bank examiner, has taken charge of the bank in place of George C. Schrunk, president.
Source
newspapers

Newspaper Articles (2)

Article from The Gazette, June 14, 1924

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Article Text

WOUNDED MAN IDENTIFIED AS MAIL BANDIT Chicago Police Recover Part Of Loot In Train Hold-up Of Thursday. CHICAGO, June 14.β€”(By International News.)β€”J. H. Wayne, wounded man held under police guard at the county hospital following his arrest in company with two other men and a woman early today, was identified by members of the crew of the Chicago, Milwaukee and St. Paul mail train as a member of the bandit band which Thursday night held up and looted the train of approximately a million dollars in cash and securities. Five postal clerks viewed Wayne and one of them was positive in identification. The postal clerks were to be taken later to the federal building to view Walter McComb and his wife and Paul Wade, who also were arrested when police broke down the door of McComb's flat. Police found Wayne in bed suffering from his wounds and he was taken to the county hospital. Police first said he was found by the roadside near Hammond. The two men and Mrs. McComb were placed under arrest and taken to the federal building. Police also said that with the three arrests practically half of the loot taken in the gigantic robbery had been recovered and that arrests of the rest of the gang and recovery of the remainder of the stolen mail were expected today. Another Suspect Caught. Following identification of Wayne police and federal operatives expressed confidence that the entire robber band would be in custody soon. Another man was reported to have been arrested. He is said to have given the name of J. Maloney and to have been identified as an aviator. He was hurried to an outlying police station for questioning as an airplane has been reported to have been used in the escape of the bandits. Maloney was seized as he was about to enter the McComb flat. Efforts were immediately started by Wade, Maloney, McComb and Mrs. McComb to obtain their release on writs of habeas corpus. Police Chief Collins said the four had been turned over to federal officers. Wayne is still in custody of the police at the county hospital, however. Chief Justice Caverly, before whom the writs were made returnable, denied them when he learned the police had turned the prisoners over to federal authorities. It was learned today that the Central Trust company of Illinois, of which Gen. Charles Gates Dawes, vice-presidential nominee, is president, lost $28,000 in the robbery. This was a shipment of cash to the bank at Round Up, Mont. THINK LOOT DIVIDED ON LAKE CHICAGO, June 14.β€”(By Associated Press.)β€”A theory that the four auto loads of bandits who Thursday night held up a Chicago, Milwaukee and St. Paul railroad mail train at Rondout, Ill., near here, and took more than forty pouches of registered mail, made their escape in a launch, divided their loot miles out in Lake Michigan and singly debarked along the shore, is under investigation today. Evidence gathered by officials has disclosed that a cabin launch mysteriously appeared off Highland Park, early Thursday night and landed about twenty men, some of whom answered the description given of the bandits. A short time later two of the four automobiles used in the robbery were stolen. At daybreak yesterday, the launch had disappeared. Although R. E. Germer, chief postal inspector, believes the bandits did not obtain more than $100,000, Chief Larry Benson of the railroad's police force, estimates it at close to $3,000,000. A shipment of $150,000 in Liberty bonds destined to the Federal Reserve bank at Minneapolis is missing and other bonds taken may be valued at $1,000,000 or more. Federal Reserve bank officials here said they had consigned $75,000 to national banks in the northwest and much eastern mail on the train probably contained currency or valuables. Unopened Sack Found. An unopened mail sack, containing registered mail from Washington to Seattle, Wash., was found yesterday morning by a farmer who told investigators he had passed four speeding automobiles near the spot the night before. The pouch is thought to contain blank money orders. Postal inspectors here are concentrating in an effort to locate any source of inside information the bandits may have had, since they appeared to be thoroughly conversant with the contents of some of the pouches taken. One robber asked particularly for a sack consigned to Roundup, Mont. Yesterday's search about the scene of the robbery resulted in finding a revolver, a bottle of nitroglycerin, another of formaldehyde, a pair of goggles and two gas masks. The masks were worn by the robbers after gas was used in the attack on the cars. IOWA BANK FAILS. DANBURY, June 14.β€”(By International News.)β€”The Danbury Trust and Savings bank with a capital and surplus of $30,000 went into the hands of the state banking department today following a heavy run on the institution this week. B. M. Blakesly, bank examiner, has taken charge of the bank in place of George C. Schrunk, president.


Article from The Gazette, June 14, 1924

Click image to open full size in new tab

Article Text

IOWA BANK FAILS. DANBURY, June 14.β€”(By International News).β€”The Danbury Trust and Savings bank with a capital and surplus of $30,000 went into the hands of the state banking department today following a heavy run on the institution this week. S. M. Blakesly, bank examiner, has taken charge of the bank in place of George C. Schrunk, president.