Union Trust & Savings Bank (Dubuque, IA)

Episode Information

Episode UID
45000671586
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
4500067 routing
Routing Number
45-0006
Start Date
February 1, 1932
Location
Dubuque, Iowa (42.501, -90.665)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a40e35f13de95f53

Response Measures

None

Description

Articles do not state a specific trigger for the closure; bank 'failed to open' and subsequently was in receivership.

Events (2)
1. February 1, 1932 Suspension
Cause Details
Bank failed to open for business; no specific cause given in article.
Newspaper Excerpt
The Dubuque Union Trust and Savings Bank, with deposits of approximately $2,500,000 and capitalization $150,000, failed to open for business today It the second large Dubuque bank close within week.
Source
newspapers
2. September 20, 1933 Receivership
Newspaper Excerpt
A dividend of 899 85 was paid by the Union Trust & Savings bank of Dubuque in a 10 per cent payment Sept. 20.
Source
newspapers

Newspaper Articles (2)
1. February 1, 1932 Waukegan News-Sun Waukegan, IL

Article Text

FLOUR unchanged In carload lots family patents 4.30-4.40 per barrel in 98 pound Shipments 24,774: pure bran 12.5013.00 Standard middling 11.00-11.50. REOPEN EDDYVILLE BANK HARRISBURG, Ill., Feb. 1-(AP) Eddyville State bank, closed three months ago, is to be reopened tomorrow Cashier Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank As precaution state auditor ordered stockholder assessment $5,000 Golconda business are tempting to reopen one of their closed REPORT MERGER DANVILLE (INS). Merger of the Malleable Company and the Manufacturing of this city announced here today. The Decatur plant will be abandoned and the and working force brought, here, it was reported. CLOSE DUBUQUE BANK DUBUQUE Ia., Feb. (INS)The Dubuque Union Trust and Savings Bank, with deposits of approximately $2,500,000 and capitalization $150,000, failed to open for business today It the second large Dubuque bank close within week. TREASURY BALANCE The treasury net balance Jan was $341 Expenditures that day were $4,052,727.34 Customs receipts for month through Jan 29 were $26,131,864.00 PEORIA GRAIN 1/2c higher: No. yellow 351/2 Oats unchanged; No. white DECLARE DIVIDEND NEW YORK, (UP)-Th4 Corp., representing the mergered Standard Oil Co. and the Vacuum Oil Co., today declared 25 share, payable March 15 to stock of record Feb Following the merger of the last year the paid initial dividend of 40 cents on Sept. 15 and later distributed cents share on Dec. 15.

2. October 1, 1933 The Des Moines Register Des Moines, IA

Article Text

BANK RECEIVERS PAY $1,231,000 Election Involves More Than Fate of Candidates September Dividends Fight Raises Curtain Listed by Bates. on 1934 State Iowa banks in receivership paid a total of $1,231,927.79 in divi- Campaign. dends during September, the report for the month by D. W. Bates, state superintendent of banking, showed Saturday. Seventeen banks declared dividends during the month. the largest dividend being paid Sept. 15 by the American Savings Bank & Trust Co. of Burtington. The dividend of $430,641.71 amounted to 10 per cent. The second largest dividend amounting to 38 and representing 30 per cent was paid by the Delaware County State bank of Manchester, Sept. 1. Creditors Get Payment. A dividend of 899 85 was paid by the Union Trust & Savings bank of Dubuque in a 10 per cent payment Sept. 20. The greatest percentage of the total deposits in any bank paid in a dividend during the month was 32 per cent paid Sept. 20 by the Peoples Savings bank of Des Moines. The dividend of $50,261.03 differed from the other dividends in that it went to creditors rather than depositors of the bank in connection with the merger of the People's Savings bank with the Bankers Trust Co. several years ago. Called "Satisfactory." Superintendent Bates said the dividend payment record of the one Other dividends paid by Iowa banks in September were: Corn Belt Savings bank, Cedar Rapids, 10 per cent, $60,059.69 Sept. 12; Corley Farmers Savings ers Savings bank. Cushing, 10 per cent, $7,054.64 Sept. 18; Farmers & Merchants Savings bank, Durant, 5 per cent, $40,861.65, Sept. 21. 10 Per Cent at Haskins. Farmers and Merchants Savings bank, Haskins, 10 per cent, $8.274.62, Sept. 25; Farmers & Traders Savings bank, Hillsboro, 15 per cent, $10,972.16, Sept. 19 Citizens Savings bank, Lester, 10 per cent, $18,769.8 Sept. 21. Lockridge State bank. Lock ridge, 10 per cent, $12,878.87 Sept. 21: Monteith Savings bank, Monteith, 15 per cent, $7,314.44 Sept. 22: American Savings bank Muscatine, 5 per cent, $58,519.71 Sept. 25; Thornburg Savings bank, Thornburg, 20 per cent, $11,244.59, Sept. 28. $7,640 at Truro. Truro Savings bank, Truro, 10 per cent, $7,640.90. Sept. 22; Peoples State bank, Winthrop, 10 per cent, 9,846.77 Sept. 28. One of the 17 banks paid its fourth dividend, five paid third dividends and four second dividends.