Iowa Savings Bank (Vinton, IA)

Episode Information

Episode UID
72027171612
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
7202717 routing
Routing Number
72-0271
Start Date
April 24, 1934
Location
Vinton, Iowa (42.169, -92.024)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
77a9b50dff8a131f

Response Measures

None

Description

Bank was in receivership and remained closed; city purchased the building later in 1934.

Events (3)

1. April 24, 1934 Receivership
Newspaper Excerpt
payment of a third 10 per cent dividend by the receiver for the Iowa Savings bank of Vinton.
Source
newspapers
2. April 24, 1934 Suspension
Cause
Government Action
Cause Details
Bank was in receivership and payments were being handled by a court-appointed receiver.
Newspaper Excerpt
signing of an order authorizing the payment of a third 10 per cent dividend by the receiver for the Iowa Savings bank of Vinton.
Source
newspapers
3. December 18, 1934 Other
Newspaper Excerpt
Judge B. O. Tankersley Monday approved a contract for sale of the Iowa Savings bank building here to the city for $10,000. The city will assign deposits in the closed bank, amounting to $6,400, and pay the balance in cash.
Source
newspapers

Newspaper Articles (2)

Article Text

First Law Case Jury In 2 Years Chosen At Vinton, Then Discharged Special to The Gazette. VINTONβ€”For the first time in nearly two years a jury was summoned Monday in district court here to try an assignment of law cases, the first assignment in the April term of court, at which Judge B. O. Tankersley of Marshalltown is presiding. A jury was selected Monday morning to hear the case of Stauffer vs. Flickinger, et al, but efforts toward a settlement were then begun and late in the afternoon a compromise was reached and the jury was discharged. In this case, which was appealed by the plaintiff from a justice court decision, George T. Stauffer of Garrison sought to eject Mr. and Mrs. Dale Flickinger from an eighty acre farm two miles southwest of Garrison which Stauffer purchased last winter. The Flickingers rented the farm in 1933 of the receiver for the Garrison Savings bank, and claimed to have a verbal agreement with the receiver for renting the place in 1934. Later the farm was taken over by the Union Central Life Insurance company of Cincinnati, and on Feb. 1, 1934, the insurance company notified the Flickingers that Stauffer held title to the farm and wanted them to vacate by March 1. Citing their rent contract with the bank receiver and the fact that they had planted thirty of the eighty acres last fall, the Flickingers won a decision in the justice court of J. A. Ruhl. In the settlement reached late Monday the Flickingers will receive the sum of $178 and will vacate the farm. Among the other matters disposed of by Judge Tankersley Monday was the signing of an order authorizing the payment of a third 10 per cent dividend by the receiver for the Iowa Savings bank of Vinton. A divorce was granted to Mrs. Elsie Backus, 20, from Richard Backus, 23. The plaintiff was granted the right to resume her maiden name of Elsie Patton, and also to remarry at any time. She is at present living at Malcom, Ia., and the defendant is living in Minnesota.


Article Text

Vinton Buys Closed Bank for Offices (The Register's Iowa VINTON, IA.-Judge B. O. Tankersley Monday approved a contract for sale of the Iowa Savings bank building here to the city for $10,000. The building will be used to house the offices of the light and water plants. The city will assign deposits in the closed bank. amounting to $6,400, and pay the balance in cash.