Dow City Bank (Dow City, IA)

Episode Information

Episode UID
7793940991500
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
779394099 hash
Start Date
December 31, 1924
Location
Dow City, Iowa (41.929, -95.494)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b38b145eeb178b4e

Response Measures

None

Events (2)
1. December 31, 1924 Suspension
Cause Details
Closed its doors Dec. 31; officers unable to obtain large state funds deposit amid an epidemic of bank closings in Iowa.
Newspaper Excerpt
the Dow City and Bank here was the largest Institution its doors. Officers declared they unable to obtain the $600,000 state funds deposit and that this sum in prospect with the changing Friday.
Source
newspapers
2. January 27, 1925 Receivership
Newspaper Excerpt
Martin Runge ... has resigned to accept the receivership of the Vail and Dow City banks which closed their doors December 31.
Source
newspapers

Newspaper Articles (3)
1. January 1, 1925 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, January 1, 1925

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Article Text

EPIDEMIC OF BANK CLOSINGS IN IOWA Combination of Causes, Including Runs, Causes Series of Suspensio DES MOINES, IA., Dec bination of tainty as rights surety companies guaran bublic deposits, the probable large public failure banks bonds for public was of bank suspensions Five closed Ing the and turned the banking partment, announced, will exert effort to protect the These were the and the The Included the First National Bank of Denison, and banks controlled that Dow City and Bank here was the largest Institution its doors. Officers declared they unable to obtain the $600,000 state funds deposit and that this sum in prospect with the changing Friday. The Mechanics allied Commercial, after experiencing during the first hour this morning.

2. January 27, 1925 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, January 27, 1925

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Article Text

RESIGNS OFFICE FOR RECEIVERSHIP MARTIN RUNGE, COURT CLERK AT DENISON, TO TAKE CHARGE TWO CLOSED BANKS. Special to The Nonpareil. DENISON, Ia., Jan. 27.—Martin Runge, clerk of the district court of Crawford county, has resigned to accept the receivership of the Vail and Dow City banks which closed their doors December 31. Mr. Runge was for some years connected with the First National bank, the stockholders of which are owners of the two banks for which he will be receiver. Hugo Saggau of Denison, who was cashier of the Farmers State bank, has been appointed to fill the vacancy in the clerk's office.

3. January 27, 1925 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, January 27, 1925

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Article Text

Special to The Nonpareil. DENISON, Ia., Jan. 27.—Martin Runge, clerk of the district court of Crawford county, has resigned to accept the receivership of the Vail and Dow City banks which closed their doors December 31. Mr. Runge was for some years connected with the First National bank, the stockholders of which are owners of the two banks for which he will be receiver. Hugo Saggau of Denison, who was cashier of the Farmers State bank, has been appointed to fill the vacancy in the clerk's office.