Boyden Bank (Boyden, IA)

Episode Information

Episode UID
72107671601
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7210767 routing
Routing Number
72-1076
Start Date
May 11, 1933
Location
Boyden, Iowa (43.191, -96.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0fe68cd01c0c7339

Response Measures

None

Description

Bank is in receivership and paying dividends; no run mentioned in the articles.

Events (4)
1. May 11, 1933 Receivership
Newspaper Excerpt
Word has just been received from S. G. Vanden Brink, receiver of the Boyden Bank. that a fifty per cent dividend will be declared on all deposits in the Boyden Bank ...
Source
newspapers
2. May 12, 1933 Other
Newspaper Excerpt
a fifty per cent dividend will be declared on all deposits ... available starting Friday May 12th. This will automatically release over $100,000 to the depositors.
Source
newspapers
3. August 31, 1933 Other
Newspaper Excerpt
Boyden Bank Receiver Announces Another Payment ... a five percent return on the depositors money, starting today. This brings the total paid out up to 55 percent.
Source
newspapers
4. September 13, 1934 Other
Newspaper Excerpt
S. G. Vanden Brink, Receiver of the Boyden Bank, announces that $10,000.00 is available for distribution.
Source
newspapers

Newspaper Articles (7)
1. May 11, 1933 The Boyden Reporter Boyden, IA

Article Text

Boyden Bank Receiver Declares 50 Per Cent Dividend Starting Friday L WRENCE GROOTERS GIVEN BOYDEN'S DRYS HIGH HONOR AT CONTEST Lawrence Grooters was awarded an excellent merit award for his excellency in playing the trombone at the state music contest in Iowa City last week-end. This is a high honor considering that he was competing with some of the best high schools in the state. LOCAL MAN SHOULD MAKE A GOOD HOUDINI Henry C. Meyn, of Boyden, should be given the title of Houdini II, for he can well say, "Now I have a Chevy, and now I haven't." He left last week owning a dandy Chevrolet se dan and now he hasn't even got the license plates, and the sad part of it all is that he didn't get paid for the sleight-of-hand performance Mr and Mrs. Meyn left last week for Indiana to attend the funeral of Mrs. Meyn's sister. On their return trip they travelled through the environs of Chicago, Illinois. Suddenly a decrepit old truck manned by a Kentucky "yankee" crashed broadside into the Meyn Chevy. A preliminary examination of the car did not show much damage, but upon lifting the hood, the engine appeared to be in worse shape than Dad's watch after Johnny took It apart. To make a sad story shorter a city garagemau traded train and taxi fair to Chicago for the remaining assets of the defunct Chevy.

2. May 11, 1933 The Boyden Reporter Boyden, IA

Article Text

Word has just been received from S. G. Vanden Brink, re" ceiver of the Boyden Bank. that a fifty per cent dividend will be declared on all deposIts in the Boyden Bank which will be avail able starting Friday May 12th. This will antomatically release over $100,000 to the depositors. It is exceedingly unusual that a bank in receivership is able to return to its depositors fifty per cent within sixty days of going receivership. The management of the Bank as well as the earnest co-operation of its receiver, S.G. Vanden Brink, has made This possible, and this early action on the part of these officials is indeed highly commendable.

3. May 14, 1933 The Des Moines Register Des Moines, IA

Article Text

$100,000 Dividend Declared by Bank Receiver Saturday (The Register's Iowa News Service.) BOYDEN, IA.—S. G. VandenBrink, receiver of the Boyden bank, announced Saturday that a 50 per cent dividend on all deposits has been declared. The total amount to be issued in the first dividend is over $100,000. It is unusual for a bank in receivership to declare a 50 per cent dividend within 60 days after going into receivership, he said.

4. May 26, 1933 The Alton Democrat Alton, IA

Article Text

Boyden Bank Is Paying 50 Percent Authority was given the receiver of the Boyden Bank. an order signed by Judge Pitts this week, to 50 pay per cent of depositors' claims. his application authority to make the payment the receiver stated that liberty bonds other items belonging to had been sold in the total of The total amount due deposits, after deducting off-sets, is that sufficient hand on to pay the 50% dividend all deposits. AImost $100,000 is therefore being leased to depositors this week.

5. August 31, 1933 The Boyden Reporter Boyden, IA

Article Text

Boyden Bank Receiver Announces Another Payment S. Vandenbrink, receiver for the Boyden Bank, has announced a five percent return on the depositors money, starting today. This brings the to. Lal paid out up to 55 percent Paul T. McCrum has been doing his best to help Mr. Vandenbrink in the receivership work. The total amount paid out will now be $113,285.68.

6. September 13, 1934 The Boyden Reporter Boyden, IA

Article Text

S. G, Vanden Brink, Receiver of the Boyden Bank, announces that $10,000.00 is available for distribution. A P p ication has been made for the necessary court order and checks are being drawn. Further notice will be given in this paper when they are ready. Watch next week's issue. WARNING ISSUED Government Drive Against Impure Cream Starts Vigorous Action Henry Kortekamp, president, and Wm, Wargowsky, manager of the local creamery will go to Ames on Friday where they have been called in connection with the state and federal drive to improve cream. Already bad cream is being dumped, and some butter has been condemned near here. A special warning bulletin has been issued and appears on another page of the Reporter. Creamery patrons are urged to read this report carefully. Boyden's big picnic is today. The town council made certain concessions which made it possible to make the picnic complete. A booster trip with the peppy Rock Valley Clown band was made Tuesday and many posters were distributed. That the Bpyden Pienic on Thursday is going to be a success is assured by the fine program arranged for the big day. Starting at 1 o'clock street sports of all kinds for the children has been arranged. Good prizes will he awarded to the winners. Promptly at 2 o'clock the Hull All-Stars and the Orange City All Stars will play in a 9 inning battle. Being champion county teams a good battle can be expected by the fans. Then at 3:30 o'clock Thomas McBride of Sioux City, candidate for Congress, will be here to deliver an address. He is known as a capable speaker and many will be here to hear him. Meantime, the Rock Valley 40piece band and the Rambling Clown band will play during all the available intermissions-providing peppy music continuously. Children will like the Clown Band-feature; and-mauy grownups will also be amused. Many varied concessions and food stands will make the midway complete. In the evening at 8 o'clock sharp the soft ball burro game will be played under the flood lights. This promises to be a crowning event of the day as it is unusually amusing and interesting. The finals of the day includes a dance uptown, where "Thompy Thomson's" orchestra will provide excellent music to the patrons.

7. May 31, 1935 The Alton Democrat Alton, IA

Article Text

Dividend To Depositors R. Valley Bank A dividend of 10 per cent in the receivership of the Rock Valley State Bank was authorized the past week by the court. Depositors will receive the benefit. Visions of the old Rock Valley Fair association arise, with the filing by Charles Gayer of an action against the old fair organization. A motion by the defendant to dismiss the plaintiff's petition was overruled by the court. An order authorizing the receiver to compromise the indebtedness of August Luken in receivership of Exchange bank, Granville, was signed by the court. In the receivership of the Boyden Bank, the receiver was authorized to accept $1750 in full settlement of Gerrit Wegter notes for $6,000. By agreement of attorneys, the court entry may be made in vacation in the case of receiver of American Trust and Savings bank, LeMars, vs. Verne Keough et al, the matter in which attorneys for the mother of the Keough boys claims an annuity left to her in her husband's will is senior to any rights of mortgagees, and that her son in placing a mortgage on his name could not sign away her right to the annuity from the land. Mortgage foreclosure actions brought by the Equitable Life Assurance Society of the U. S. against George W. Murray, John G. Van Otterloo and Nan M. Disbrow, were ordered continued until March 1, 1937, under the mortgage moratorium laws of Iowa. In the case of Albert Bunning vs. Jennie Bunning, the matter, by agreement, was taken under advisement. In receivership of First National bank, Hull, the receiver was authorized to sell lots 1, 2, 7 and 8, block 6, in the east addition of Orange City, to Peter Vander Zwaag, for $2,150. Four marriage licenses issued the past week are as follows: Henry Teunissen 28, Doon, and Jennie De Bruin 24, Maurice; Fred Brandes 25 and Cornelia De Groot 20, both of Sioux Center; John Wiersma 25, Orange City, and Dorothy Vande Berg 25, Hospers; Lawrence Scholten 29, Orange City, and Esther M. Jansen 23, Alton. P. E. Vermeer, chairman of the Sioux County Corn-Hog Allotment board, was in Des Moines last week urging more liberal rulings on hog contracts. He was instrumental in getting the state committee to ease up on hog restrictions which handicapped those who have been practically forced out of the hog business by lack of capital in the past couple of years. Mrs. Ella Mae Collins left Tuesday for her home at Coleridge, Neb., after a visit here at the L. F. Reifert home.