Winthrop State Bank (Winthrop, IA)

Episode Information

Episode UID
7573229891572
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
757322989 hash
Start Date
December 25, 1930
Location
Winthrop, Iowa (42.473, -91.734)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2f6d5da237cd0e3f

Response Measures

None

Description

Articles indicate the bank closed and entered receivership, but one 1930 item reporting a final dividend conflicts with a Dec 1931 closure date.

Events (5)
1. December 25, 1930 Other
Newspaper Excerpt
Winthrop State bank, $38,789.21 (listed among eight closed Iowa banks paying final dividends).
Source
newspapers
2. December 1, 1931* Suspension
Cause Details
Article notes the bank 'closed in December of 1931' but gives no explicit cause.
Newspaper Excerpt
the bank closed in December of 1931.
Source
newspapers
3. January 26, 1932 Receivership
Newspaper Excerpt
Cherney was appointed attorney for receiver of Winthrop bank
Source
newspapers
4. May 16, 1933 Other
Newspaper Excerpt
V. Sandvig, receiver of the bank at Winthrop, ... applied for permission to sell 40 acres
Source
newspapers
5. October 8, 1933 Other
Newspaper Excerpt
Winthrop Bank Pays Fifth Dividend for 60 Per Cent Total; the fifth disbursement ... will bring payments the bank closed in December of 1931.
Source
newspapers

Newspaper Articles (4)
1. December 25, 1930 Globe-Gazette Mason City, IA
Article from Globe-Gazette, December 25, 1930

Click image to open full size in new tab

Article Text

CLOSED PAY DIVIDEND AS CHRISTMAS GIFT Eight of Iowa Institutions Make Final Payments to Depositors. DES MOINES, Dec. 25. (P)Eight closed Iowa banks have paid the final dividend to depositors as a Christmas gift, L. Andrew, state superintendent of banking, reported today. They are as follows: Parnell Savings bank, $12,944.59; Farmers Savings banks at Troy Mills, $4,721.97; Odebolt Savings bank, $11,789.21; Winthrop State bank, $38,789.21; Ringsted State bank, $51,250.22; Farmers Savings bank at Odebolt, $18,874.14; Farmers State bank at Clutier, $19,321.72; Jesup State bank, $28,853.86. Nineteen other closed banks have paid Christmas dividends as follows: Farmers Savings bank at Bernard, 25 per cent, $36,662.48. Farmers and Traders State bank at Bonaparte, 15 per cent, $51,128.49. First State Savings bank at McCausland, 25 per cent, $29,331.55. Peoples Savings bank at Marengo, 5 per cent, $22,512.66. Malcolm Savings bank, 10 per cent, $19,974.14. Des Moines Commercial Savings bank, 5 per cent, $92,514.70. Security State bank at Promise City, 25 per cent, $45,017.87. County Savings bank at Algona, 10 per cent, $137,669.38. United State bank at Des Moines, 5 per cent, $67,165.18. Floris Savings bank, 30 per cent, Peosta Savings bank, 20 per cent, $12,016.99. Farmers Savings bank at Corwith, 25 per cent, $53,442.13. Gravity State bank, 25 per cent, Peoples State bank at Humboldt, 10 per cent, $43,644.67. Anthon tSate bank, 10 per cent, Citizens State bank at Anthon, 10 per cent, $26,743.92. Farmers State bank at Rockwell,

2. January 26, 1932 The Courier Waterloo, IA

Article Text

Hasner Rules on Several Matters in Buchanan Court (Courier Special Service) Independence, matters were acted by Judge Hasner in the district court Monday CathPeak, daughter the late Webber, was appointed executrix of his estate. Petitions for suit of certain individuals stock were authorized bank and petition for bank mortgage the Burris estate was Commercial bank Cherney was appointed attorney for receiver of Winthrop bank the juvenile court, Hazel Wheelock, orphan. was paroled to her grandmother. Mrs. Axline In the atter of the Webber esFrank Sherman, E. Miller H. Brooks were appointed appraisers.

3. May 16, 1933 The Courier Waterloo, IA

Article Text

Winthrop Bank's Receiver Wants To Sell 40 Acres (Courier Special Independence, V. Sandvig, receiver of the bank at Winthrop, on Tuesday applied district for permission to sell 40 acres of the place known as the Fagan two miles north that buyers would be Cora Meffert and the price $800 The notes this less than the appraised value. Probate inventory was Tues-

4. October 8, 1933 The Courier Waterloo, IA

Article Text

Winthrop Bank Pays Fifth Dividend for 60 Per Cent Total Special Another dividend will be passed People's State bank. the fifth disbursement deposiand will bring payments the bank closed in December of 1931.