Mahaska County State Bank (Oskaloosa, IA)

Episode Information

Episode UID
5634114291605
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
563411429 hash
Start Date
September 30, 1933
Location
Oskaloosa, Iowa (41.296, -92.644)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ea7230ae85d222fe

Response Measures

None

Description

Bank was in receivership by Sept. 1933 and assets later transferred to a new Mahaska State Bank.

Events (3)
1. September 30, 1933 Receivership
Newspaper Excerpt
Oskaloosa, Mahaska County State bank (receiver), $50,000 (x).
Source
newspapers
2. September 30, 1933 Suspension
Cause
Government Action
Cause Details
Placed in receivership and liquidation of assets following failure; RFC authorization reported September 1933.
Newspaper Excerpt
Oskaloosa, Mahaska County State bank (receiver), $50,000 (x).
Source
newspapers
3. April 21, 1934 Other
Newspaper Excerpt
The other assets of the old bank are being liquidated through receivership but this action has connection the Mahaska State bank, Bates said. (explaining receiver action and asset transfer to new Mahaska State Bank).
Source
newspapers

Newspaper Articles (2)
1. October 31, 1933 Lincoln Journal Star Lincoln, NE

Article Text

WASHINGTON. (AP). Authorization of loans by the Reconstruction Finance corporation during September, as reported Tuesday to congress included, the following banks and trust companies: No part of this amount had been disbursed up to Sept. 30, 1933, inclusive). Iowa. Iowa City, Farmers Loan & Trust Co. (receiver), $70,000 (x). Oskaloosa, Mahaska County State bank (receiver), $50,000 (x). Michigan. Ishpeming, Miners National bank (conservator), $407,000 (x). Three Rivers, First National Bank of Three Rivers, $2,531 (x). Ypsilanti, The First National bank of Ypsilanti (conservator) $400,000 (x). Minnesota. Jackson, The Jackson National bank in Jackson (receiver), $17,000. St. James, The Citizens & Security National bank of St. James (receiver), $65,000 (x). South Dakota. Fairfax, The Farmers National bank of Fairfax (receiver), $6,300 (x). Wisconsin. Rosholt, State bank of Rosholt, $6,500. Accounting adjustment in September resulting in an increase in a loan authorization previously reported. Iowa. Boone, City Trust & Savings bank, $175 (x). BUILDING AND LOAN ASSOCIATIONS. South Dakota. Madison, The Madison Building & Loan association of Madison, South Dakota $53,877. INSURANCE COMPANIES. Iowa. Des Moines, Iowa National Fire Insurance company, $45,000 (x). CREDIT UNION. Minnesota. Minneapolis, Franklin Co-operative, $9,738. FEDERAL LAND BANKS. Nebraska, Omaha Federal Land bank of Omaha, $2,000,000. Nebraska, Omaha Federal Land bank of Omaha, $1,000,000. REGIONAL AGRICULTURAL CREDIT CORPORATIONS. Iowa. Sioux City Regional Agricultural Credit corporation of Sioux City, Iowa, $12,29 (x), 35,329 (x), 15,035 (x), 15,321, 27,422, 13,466, 49,319, 32,191, 67,574, 61,086, 80,929, 45,955, 18,050, 53,238, 83,222, 112,025, 21,505, 153,371, and 181,933.

2. April 21, 1934 Des Moines Tribune Des Moines, IA

Article Text

Explains Bank Receiver Action Bates Says New Mahaska Institution Not Involved. D. Bates state superintend ent of banking, said Saturday that taken for the Mahaska County State bank at Oskaloosa Friday do not any way affect the new Mahaska State bank. The Mahaska State bank new bank which took portion of the assets of the Mahaska County State bank three weeks ago. "The other assets of the old nk are being liquidated through receivership but this action has connection the Mahaska State bank," Bates said.