First Trust & Savings Bank

Episode Information

Episode UID: 72056771539
Episode Type: Suspension → Reopening
Bank Type: savings
Bank ID: 7205677 routing
Routing Number: 72-0567
Start Date: March 22, 1928
Location: Farmington, Iowa (40.640, -91.743)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 85ec389a07637fd9

Response Measures

None

Description

Closed by board with state examiner in charge; article says bank might reorganize, outcome not reported.

Events (1)

1. March 22, 1928 Suspension

Cause: Government Action
Cause Details: Closed by order of its board with a state banking department examiner placed in charge.
Newspaper Excerpt: The First Trust and Savings bank of Farmington in Van Buren county closed today by order of its board of directors. An examiner of the state banking department is in charge.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1928 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, March 22, 1928

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Article Text

Thief Robs a Church Safe $5 OF SUM TAKEN AT CEDAR RAPIDS BEING PENNIES OF CHILDREN. (By The Associated Press.) CEDAR RAPIDS, Ia., March 22.—A safe in St. Paul's church here was opened last night and $35 in cash and $5 in stamps stolen. Five dollars of the loot was in pennies collected from children in the church of youth. Police today said that the man probably hid in the building during services last night, as the door leading from the basement to the office had been pried open. The safe lock had been broken and pieces scattered over the floor. DES MOINES, Ia., March 22.—Charles Brewster of Perry, alleged assailant of Marion Gossard, a Drake university student, was found guilty today by district court jury. The date of his sentence was fixed for March 26. The charge carries a minimum sentence of five years and a maximum of life. The jury deliberated more than twelve hours. DES MOINES, Ia., March 22.—Acceptance of invitations to head state delegations to the annual convention of the United States Good Roads association here has been received from Govs. J. E. Erickson of Montana, A. G. Sorlie of North Dakota and Flem D. Sampson of Kentucky, it was announced today by J. A. Rountree, director general of the association. Mr. Erickson announced that he would appoint eighty delegates. The convention will be held here May 28 to June 1. MANCHESTER, Ia., March 22.—Jules Gleason, Masonville bank cashier who was paroled from the Fort Madison penitentiary in January, has been indicted on a fraudulent banking count by the Delaware county grand jury. In 1925 Gleason pleaded guilty to a charge of theft in connection with the closing of the bank. DAVENPORT, Ia., March 22.—A man believed to be James McGuire of Montevideo, Minn., a road laborer, was run down by a train and his head severed from his body in the west end yards late last night. Identification was partly established today by police through aid of Walter Maloney, who said he had worked with McGuire. TOLEDO, Ia., March 22.—S. J. Husak, former cashier of the Farmers State bank of Clutier, was freed of a charge of making a false entry by a jury here last night after more than six hours' deliberation. The trial opened Monday. M. A. Caslavka, cashier of the closed bank, has been indicted on a fraudulent banking charge and will be tried later in the term of the local court. SIOUX CITY, Ia., March 22.—Arraigned in district court on a charge of conspiracy to violate the prohibition law, Marcus Crost, Sioux City detective, entered a plea of not guilty today. GREENFIELD, Ia., March 22.—L. J. Bosworth, formerly of Cambridge and Nevada, Ia., has been appointed receiver of the First National bank of Greenfield, which closed yesterday. Work of reorganization will be started at once, E. B. Wilson, examiner from Council Bluffs, stated today. False rumors which started a sudden run on the bank have been blamed for its closing. SIOUX CITY, Ia., March 22.—With a larger crowd on hand than at any previous session, the trial of Tom L. Taggart, commissioner of public safety, charged with conspiracy to violate the prohibition law, was resumed in district court today. FARMINGTON, Ia., March 22.—The First Trust and Savings bank of Farmington in Van Buren county closed today by order of its board of directors. An examiner of the state banking department is in charge. The bank had a capital of $100,000 with deposits estimated at $750,000. W. B. Seeley is president; G. F. Springer and B. F. Ketchem, vice presidents, and E. A. Wiegner, cashier. Officers of the bank today said the bank might reorganize.