Peoples Savings Bank (Vinton, IA)

Episode Information

Episode UID
72027171512
Episode Type
Run → Suspension → Unsure
Bank Type
savings
Bank ID
7202717 routing
Routing Number
72-0271
Start Date
December 18, 1925
Location
Vinton, Iowa (42.169, -92.024)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7c61e7f405ec255d

Response Measures

None

Description

Bank failed to open after heavy withdrawals triggered by another local bank's closing; later outcome/reopening not reported here.

Events (2)
1. December 18, 1925 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the recent closing of the Bank of Newhall/New Hall, Iowa.
Measures
Directors met; officers stated confidence they could pay depositors and reorganize.
Newspaper Excerpt
Closing of the Bank of New Hall, Ia., a few days ago is believed to have caused heavy withdrawals from the local bank.
Source
newspapers
2. December 18, 1925 Suspension
Cause
Local Banks
Cause Details
Bank failed to open after heavy withdrawals attributed to the Newhall bank closing.
Newspaper Excerpt
The Peoples Savings bank here failed to open its doors today following a meeting of the board of directors yesterday.
Source
newspapers

Newspaper Articles (3)
1. December 18, 1925 The Stockman's Journal Omaha, NE
Article from The Stockman's Journal, December 18, 1925

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Article Text

FIVE DENVER BANKS CLOSED IN TWO DAYS Frozen Credits and Depression in Live Stock Industry Given as Cause. Denver, Colo., Dec. 18.—With five local banks closed and in the hands of bank examiners, all Denver nervously awaited the next move in financial circles today. Frozen credits and the depression in the live stock industry were jointly blamed for the closing of the institutions whose deposits total several millions of dollars. The Capitol Hill State bank was put in the hands of receivers this morning after the Metropolitan State bank failed to open its doors. Yesterday, the Drovers National, the Broadway National and the North Denver State banks were placed in the hands of federal and state examiners. James E. Adams, president of the Metropolitan bank, said that the bank had been turned over to state examiners at his request. Several weeks ago this bank had deposits of $400,000, but since that time they have been reduced to about $100,000. The Drovers National bank and the Broadway National bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon. Although no statement had been issued by Gordon Hollis, president of the two closed national banks, he replied to questions that frozen cattle loans were a cause of their closing. Iowa Bank Closes. Vinton, Ia., Dec. 18.—The Peoples Savings bank here failed to open its doors today following a meeting of the board of directors yesterday. Closing of the Bank of New Hall, Ia., a few days ago is believed to have caused heavy withdrawals from the local bank. Deposits totalled $360,000. Officers of the bank declared today they were confident they would be able to pay their depositors in full and reorganize the bank.

2. December 18, 1925 Anaheim Bulletin Anaheim, CA
Article from Anaheim Bulletin, December 18, 1925

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Article Text

FIVE FAIL IN Valencia Show for Dates Orange Reid Announces TWO DAYS OF Stores to Stay HOME DECLARED LEAST SUCCESSFUL CHRISTMAS TRADE WORLD COURT Open of Evenings ANNUAL EVENT DISASTER MOST UNPROVOKED Starting Monday OF AMERICA'S VITAL INSTITUTIONS BETTER THIS YEAR Christmas Shoppers Unable To Make Purchases; Trading Stops EXCITEMENT IS GREAT Laborers Mill About, Trying to Fathom Depth of Their Losses local bankers and financiers in conference today some means to bring end to the tion here that has caused of five banks within two ing of depositors exchanged rumors and discussed their Christ outlook with their money tied mas the closed of bank closings when the the Broadway National bank and closed their Today the State and the Capitol The Central Savings and Trust company took of making for tors to give notice before their savings accounts. $5,000,000 Involved The total of the five banks which The greatest excitement here today that been years height the season felt sharply persons could and others In front of sons there much eltement and called insure order Old men and bank books in milled about and neered shoulders door were admitted all the small the city will before the closes, take advantage of the Protect Depositors According the officials all but the two National banks that closed yesterday, there alarm as banks were placed in the hands examiners So many rumors throughout the that impossible to Employes offices and dropped work tigations reports about which today that the failures of first two the the National, by bad loans largely cattle. Grant state commissioner, refused to James R Adams, president or Metropolitan bank, said today the bank had been turned over state examiners at his Metropolitan several weeks cording had deposits $400.000 and since that time they have been reduced to about $100. 000 the had banking and to protect the inter of our depositors deemed advisable to turn bank over state officials run developed this morn ing when the Central Bank and Trust company opened doors. was that 500 persons waiting in the street the Police were in charge the crowd only were the bank at time Rumors afloat all over situation oping with many The Capitol state bank put hands shortly after this morning found wait their This makes five Capitol Hill State bank is small suburban bank IOWA BANK CLOSES DOORS VINTON People's Savings Bank open doors today closing of the New to have caused heavy from the local De totalled Officers of the bank declared they they be able to pay their depositors and reorganize the

3. December 19, 1925 The Daily Report Ontario, CA
Article from The Daily Report, December 19, 1925

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Article Text

CLOSE IOWA BANK AFTER HEAVY RUN VINTON, Iowa. The People's Savings bank here failed to open its doors Friday. The closing of the bank of Newhall, Iowa, few days ago, is believed to have caused heavy withdrawals. Deposits totaled $360,000 Officers of the bank declared they were confident they would be able to pay in full and reorganize.