Cedar County State Bank (Tipton, IA)

Episode Information

Episode UID
72037971575
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7203797 routing
Routing Number
72-0379
Start Date
March 4, 1931
Location
Tipton, Iowa (41.770, -91.128)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e320e08e5f9768c2

Response Measures

None

Description

Bank closed and a receiver was appointed; court actions continuing through 1935.

Events (3)
1. March 4, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to frozen assets indicating insolvency.
Newspaper Excerpt
defunct Cedar County State bank that closed its doors in Tipton Wednes... The bank closed because frozen assets.
Source
newspapers
2. March 7, 1931 Receivership
Newspaper Excerpt
Judge John Moffit has pointed Andrews, banking, ceiver the The receiver ... granted authority by the court execute leases, liens and release property of the bank held bailee.
Source
newspapers
3. September 17, 1935 Other
Newspaper Excerpt
The receiver filed an application in which he seeks a court order to compromise, settle or sell the remaining personal assets of the bank, including the unpaid stock assessments.
Source
newspapers

Newspaper Articles (2)
1. March 7, 1931 The Daily Times Davenport, IA

Article Text

WILL PRESENT CLAIMS TIPTON, Ia., March of defunct Cedar County State bank that closed its doors in Tipton Wedneshave been given 60 days their claims against the stitution. The bank closed because frozen assets. Judge John Moffit has pointed Andrews, banking, ceiver the The receiver and the charge were granted authority by the court execute leases, liens and release property of the bank held bailee. Other Tipton News Mr and Mrs McCormick the o'clock dinner Thursday evening. Covers were for long tables. Yellow nut and pussy willows adorned boards. Five hundred was played. Mrs Zimmerling to the Bridge club and guests Friday afternoon. Bridge played three tables. Miss Louise Mickler prize for high score while Mrs Frank received the guest prize. lunch was served the conclusion of games.

2. September 17, 1935 The Daily Times Davenport, IA

Article Text

Cases Dismissed in Cedar County Court TIPTON, Ia., Sept. 17.—(Special)—The petit jury, which reported Monday for service during the September term of the Cedar county district court, was dismissed until Thursday of this week after a number of cases which had been scheduled to come before it were dismissed or settled by agreement of the parties involved. Cases considered in the district court Monday included D. W. Bates, state superintendent of banking, versus the Cedar County State bank of Tipton. The receiver filed an application in which he seeks a court order to compromise, settle or sell the remaining personal assets of the bank, including the unpaid stock assessments. The hearing on the application was set for 9 o'clock Saturday morning, Oct. 5. Melvina Leabo Struve of Durant was granted a divorce from her husband, Julius C. Struve. She was also granted the custody of their two minor children, half their savings account, the family car and the major portion of the household goods. The defendant was granted a number of household articles and permission to see his children from time to time. He is required to pay the sum of $20 for their care monthly for the next three years. Cave Makes Farmer Wealthy GALENA, Mo.—(United Press)—Wally Powell a year ago owned only his farm, but that was before he found a cave on it. Since then, visiting tourists have paid Wally's mortgage, and he has run his land holdings to 1,600 acres.