Farmers Savings Bank (Frankville, IA)

Episode Information

Episode UID
72195971585
Episode Type
Run → Suspension → Unsure
Bank Type
savings
Bank ID
7219597 routing
Routing Number
72-1959
Start Date
January 18, 1932
Location
Frankville, Iowa (43.189, -91.617)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9946755de1204edc

Response Measures

None

Description

Reorganization papers were being circulated but no clear report of reopening or permanent closure in these articles.

Events (2)

1. January 18, 1932 Run
Cause
Local Banks
Cause Details
Heavy run on the Winneshiek County State Bank (an affiliated institution) precipitated withdrawals at affiliated banks including Farmers Savings Bank.
Measures
None described beyond the bank subsequently failing to open; special bank examiner placed in charge.
Newspaper Excerpt
A heavy run on the bank yesterday precipitated the action.
Source
newspapers
2. January 19, 1932 Suspension
Cause
Local Banks
Cause Details
Failed to open following a heavy run on the Winneshiek County State Bank; examiner D. W. Ernst placed in charge and reorganization papers circulated.
Newspaper Excerpt
The Farmers Savings bank at Frankville... failed to open.
Source
newspapers

Newspaper Articles (3)

Article Text

Doors of Winneshiek County State Bank at Decorah Fail to Open DECORAH, Jan. 19.—The Winneshiek County State bank this morning failed to open its doors. The Burroak Savings bank at Burroak, the Home bank at Highlandville and the Farmers Savings bank at Frankville, affiliated institutions altho separately incorporated, also failed to open. A heavy run on the bank yesterday precipitated the action. It is understood reorganization papers are already being circulated. D. W. Ernst, special bank examiner, is in charge. The Winneshiek County State bank, claimed to be the oldest bank in the state, was capitalized for $150,000 and had deposits of $1,800,000. C. J. Weiser is president nad W. N. Johnson, cashier.


Article Text

To Minneapolis—E. H. Ruhsam and H. M. Chesterman left today for Minneapolis to attend a Northwestern Life Insurance association convention. To Minneapolis—Atty. William Sturtz and I. L. Ingbritson left this morning for Minneapolis to attend the meeting of the Abstractors and Title association. To District Meeting—Ralph Thykeson, Arthur Anderson and Orville Winjum of the Equitable Life of New York went to Austin this morning to attend a district meeting of the company. Visiting Sister—Mrs. James McCurnin of Mitchelville, Iowa, has come to Albert Lea to spend a short time with her sister, Mrs. W. H. Rowland of Adams avenue, who underwent an operation at the Naeve hospital on Monday morning. To St. Paul—Mr. and Mrs. Max Stieler, who were married on Sunday, and Mrs. August Skophammer drove to St. Paul on Monday, and on Tuesday they were entertained at a luncheon at the Lowry hotel by the bride's mother, Mrs. Regina Henry. Baby Daughter—Mr. and Mrs. Henry C. Hanson (Bessie Christensen) are the proud parents of a baby girl who was born to them this morning at the Naeve hospital. The new arrival weighed seven pounds at birth. All concerned are doing nicely. This is the first child in the family. Heaps of Snow—It does begin to look as if there is going to be a lot of trouble down around Spring Lake park if the great heaps of snow from the streets of Albert Lea now piled in the park, happens to start melting all of a sudden. Sewers in that part of the city will be inadequate to take care of the water. That's what is giving some of the property owners about the park much concern at the present time. Former Pastor Dies—Rev. T. A. Jones, beloved Fairmont Methodist Episcopal pastor of years ago and builder of the church which recently was razed to make way for the present structure, died Monday in St. Paul after a long illness. Funeral services will take place at Fairmont, with burial here, according to Mr. Jones' oft expressed wishes. He always regarded Fairmont as "home." The services probably will be conducted Wednesday or Thursday.—Fairmont Sentinel. Fails to Open—The Winneshiek County State Bank at Decorah, Iowa, yesterday morning failed to open its doors. The Burroak Savings Bank at Burroak, the Home bank at Highlandville and the Farmers Savings Bank at Frankville, affiliated institutions although separately incorporated, also failed to open. A heavy run on the bank Monday precipitated the action. it is understood organization papers are already being circulated. D. W. Ernst, special bank examiner, is in charge. The Winneshiek County State Bank, claimed to be the oldest bank in the state, was capitalized for $150,000 and had deposits of $1,800,000. C. J. Weiser is president and W. N. Johnson, cashier. To Remain Here—The rumor to the effect that Martin Anderson of the Mier Wolf and Sons Store of this city is leaving Albert Lea, is untrue the store management informs us today. Mr. Anderson, who has been with the local store as manager for more than the past two years is remaining here as the merchandise manager. He will act as buyer and manager of the carpet and linoleum department. Through Mr. Anderson's capable management and ability the store has outgrown its present location. George Wolf, who as was announced last evening is coming from the Mason City store to act as general manager, informs us that the present organization is to remain intact just as previously. Admitted to Society — At the meeting of the Quill and Scroll, honor society for writers, held Jan. 14, Mr. Newstand, literary adviser of the "Ah La Ha Sa" announced Lois Mickelson, Paul Morreim, Donald Martinson and Fred Weber as new members of the society. Four times each year four new members are admitted. The requirements are: the writing of 2,500 words for print, and scholarship, character, and writing ability of a high standard. The business staff members are chosen for outstanding work in the business department. Paul Morreim, Don Martinson and Lois Mickelson are writers, while Fred Weber is assistant business manager of the Ah La Ha Sa. The new officers were also elected at the meeting. They were Rose Wells, president; Nora Spanglo, vice president; Moreau Bailey, secretary; and Marie Hilton, treasurer. The initiation of the four new members and Wilbur Studer, Lucille Hanson, Glenn Hanson and William Hoerger, who were elected at the last meeting of the society but who have not yet formally joined, will be held sometime in the latter part of January.


Article Text

WINNESHIEK CO. BANK, AND AFFILIATED CLOSED DECORAH,—The Winneshiek County State bank Tuesday morning failed to open its doors. The Burroak Savings bank at Burroak, the Home bank at Highlandville and the Farmers Savings bank at Frankville, affiliated institutions altho separately incorporated, also failed to open. A heavy run on the bank precipitated the action. It is understood reorganization papers are already being circulated. D. W. Ernst, special bank examiner, is in charge. The Winneshiek County State bank, claimed to be the oldest bank in the state, was capitalized for $150,000 and had deposits of $1,800,000. C. J. Weiser is president and W. N. Johnson, cashier.