Bank of Rossville (Rossville, IA)

Episode Information

Episode UID
72192271501
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7219227 routing
Routing Number
72-1922
Start Date
January 24, 1925
Location
Rossville, Iowa (43.189, -91.376)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4aa1ca5269b1e6d5

Response Measures

None

Description

Article states a receiver was appointed and the bank was not operating under a charter.

Events (1)
1. January 24, 1925 Suspension
Cause
Government Action
Cause Details
Federal bank examiner appointed a receiver; bank was not operating under a charter and lacked required reserves.
Newspaper Excerpt
A receiver was appointed Saturday for the Bank of Rossville, another Allamakee county bank. It was not operating under a charter.
Source
newspapers

Newspaper Articles (2)
1. January 26, 1925 Iowa City Press-Citizen Iowa City, IA
Article from Iowa City Press-Citizen, January 26, 1925

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Article Text

MURPHY BANKS CLOSED Institutions Founded by ted Waukon Lawyer Without Sufficient Cash Associated Press) WAUKON, Jan. The Peoples National bank of Waukon was closed late Saturday by federal bank examiner, when was found its cash reserve was below federal requirements. A receiver was appointed Saturday for the Bank of Rossville, another Allamakee county bank. was not operating under charter. Both banks were organized by Dennis Murphy, Waukon attorney whose trial on indictments charging embezzlement is scheduled open in district court here tomorrow morning. Two Perry Banks Close PERRY, Ia., Jan. Security Savings Bank closed Its doors here Saturday afternoon. run on the bank followed the closing of the Perry National bank Friday.

2. January 27, 1925 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, January 27, 1925

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Article Text

Three Iowa Banks Close Their Doors Waukon, Ia., Jan. 26.—The People's National bank of Waukon was closed late Saturday by a federal bank examiner, when it was found its cash reserve was below federal requirements. A receiver was appointed Saturday for the bank of Rossville, another Altamakee county bank. It was not operating under a charter. Both banks were organized by Dennis J. Murphy, Waukon attorney, whose trial on indictments charging embezzlement is scheduled to open in district court here tomorrow morning. Perry, Ia., Jan. 26.—The Security Savings bank closed its doors here Saturday afternoon. A run on the bank followed the closing of the Perry National bank Friday. For future captains of industry, we must depend upon our present infantry, and we can't produce captains from dirty milk.