Farmers Trust & Savings Bank (Charles City, IA)

Episode Information

Episode UID
72016471525
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
7201647 routing
Routing Number
72-0164
Start Date
January 1, 1927*
Location
Charles City, Iowa (43.066, -92.672)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
db64b801a4027a6a

Response Measures

None

Events (2)

1. January 1, 1927* Suspension
Cause
Government Action
Cause Details
Bank was in receivership and paying dividends to depositors of the closed bank
Newspaper Excerpt
the receiver of the Rhodes Savings bank following paid dividends: Farmers Trust and Savings, Charles City
Source
newspapers
2. December 5, 1929 Receivership
Newspaper Excerpt
The final report of Farmer's Trust & Savings bank of city was approved by the judge and its receiver was instructed to pay the depositors money amounting $527,712.86. as final dividend.
Source
newspapers

Newspaper Articles (2)

Article from The Sioux City Journal, February 3, 1927

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Article Text

BANKS PAY MILLION Depositors Get Big Sum Through Iowa State Department. (By Des Moines, Feb. in dividends were issued to depositors closed banks during January, the state superintendent of bank. Andrew, announced today. actual amount paid was The dividend paid was $939, 996, the of the MarshallState bank. Two dividends during January were paid the receiver of the Rhodes Savings bank following paid dividends: Farmers Trust and Savings, Charles City, cent, $53,195; Farmers Merchants State, Corydon, final, $30,942; Citizens State Savings, Decatur, De Soto, cent. HazleState, Hazleton, 10 per cent, Hudson Savings, Hudson, 20 per cent, $73,247: Burton and Company State, Kellogg. 10 per cent, $32,099; Farmers Savings, Leland, 15 per cent, $15,316;- Marne Savings, Marne, final, $8,479. Rhodes Savings, Rhodes, No cent, State Bank of 25 per cent. $41,832; Cheer What Cheer, 10 per cent, $11,388: Marshalltown per 20 per cent. Trust Savings, per cent, Farmers Merchants State, Graettinger, 10 $23,861. State Savings, Klemme, 10 per cent. and Merchants Savings, Manly. 15 per cent, $41,211; Manly. per cent, $43,New Hartford State, New Hartford, $41,588; Iowa Savings. Oelwein, 20 per cent, $56,900; Rhodes Savings, Rhodes, No. per cent, $18,425. 150 FARMERS GATHER AT MEET IN SIBLEY 2.-Special: One hundred and fifty persons attended the East and West Holman branches of the Osceola


Article from The Courier, December 5, 1929

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Article Text

KEPLER ON BENCH FLOYD COUNTY Charles City Bank Receiver Makes Final Report: $527,712 Dividend Charles City Many cases are being of in district court which Judge M. H. Kepler of is presiding The final report of Farmer's Trust & Savings bank of city was approved by the judge and its rewas instructed to pay the depositors money amounting $527,712.86. as final dividend. The depositors received 60 per cent of their deposit on hand at the time the bank with this payment will have received 73 per cent. Patrick Wins Sult. A verdict favor $34 for J. Patrick was returned by the jury Tuesday the case Patrick vs. Cavanaugh for the of whiffletree and halter The case was tried in justice court, where Patrick was allowed $50 case then was appealed to district court divorce was granted to Victor W. Cooley from Daisy Cooley on the ground desertion Hear Promissory Note Case. The of Albert Jost J. W. Shepley over of $160 and interest from March 3, 1924 is now before the court.