Truro Savings Bank (Truro, IA)

Episode Information

Episode UID
8466133691582
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
846613369 hash
Start Date
October 2, 1931
Location
Truro, Iowa (41.210, -93.847)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e10f80342537bb0d

Response Measures

None

Description

Bank was closed in Oct 1931 and by 1933 was in receivership paying dividends.

Events (2)
1. October 2, 1931 Suspension
Cause Details
Closed by bank/board action or failure as reported in newspapers on Oct. 2, 1931; specific trigger not stated in articles.
Newspaper Excerpt
Truro Savings Closes. TRURO, Oct. (P)-The Truro Savings bank of Truro, Madison county, was closed today. It had deposits of $85,000 and was capitalized at $20,000.
Source
newspapers
2. September 22, 1933 Receivership
Newspaper Excerpt
Truro Savings bank, Truro, 10 per cent, $7,640.90. Sept. 22;
Source
newspapers

Newspaper Articles (3)
1. October 2, 1931 Des Moines Tribune Des Moines, IA

Article Text

HAVE HUNDREDS OF SPECIMENS Fossils, Flowers. Minerals in Their Cabinets. A natural names of exhibits hobby three The of 1224 collections of and fascinating sort their by Raymond of division in cludes and Louise the ment after entomology On Trips. Most of by from ers This summer's trip augmented fossils in the like in good were added New acquisitions in the mineralogy department clude of meteorite Meteor New gem minerals are red tourmaline green jasper and Agatized wood displays came from Ariz., this summer. Forest Foliage. The botany department. more recent branch of the cludes several specimens of western coast forest foliage and some cones Louise found from the sequoia gigantea trees in botany neatly framed with glass and bound with already number Albert uses mosquito net long fish pole to add new its to his collection of 50 butterSeveral professors have become interested in the children's projects, and one of Raymond's most prized possession is mounted cowfish given him by Prof. Homer Dill of the University of Iowa museum. While traveling the young sters visit museums to obtain ideas from professional collectors. They do most of their own identifying of rock specimens with the help of their father and mother. Japanese Minerals. Eighty Japanese minerals were splendid Christmas gift, in the opinion of Raymond. whose exhibits fill numerous sliding drawers. Indian relies are new department rapidly acquiring number and space. Beside the natural science displays, the children's collection includes stamps, coins, seashells, marine life and a group of dolls from many countries. Raymond finds everything is classified in an orderly manner in his hibits of and minerals. Each specimen has neatly printed label attached. lection. The upstairs rooms for Main Room. The room in This taken found is used step to safeguard dining room of depositors and Mr. bedroom opens the room Miss to proceed. Volkers' from other Neither of the bedrooms had IOWA BANKS CLOSED been entered by The Four banks failed room downstairs is used open their doors and storage room for bank in The American Savings tools, clothing and It in this room that Miss Volkers taken over by the clothing found. The which adjoins is 37 of Moines and 12 southof Knoxville The farm miles of Dallas. department through A and the last ment showed deposits of Henry Mahoney is president. Deposits of the Citizens of West Muscatine were The Truro Savings bank of Madison had Truro, of The Thor bank of Humboldt had deposits of county, DIVIDENDS READY. (The in payof the dividends to former depositors of the closed Peoples State bank of Humboldt delivered by R. H. examiner in to Humboldt Trust and for This makes total of 67 returned to

2. October 2, 1931 Globe-Gazette Mason City, IA

Article Text

DEPOSITORS PUT MONEY BACK IN Third Day "Run" on Bank at Davenport Calms Down to Handful. third day "run" on the Union Savings Bank and Trust company. Davenport's only downtown bank which was started following an announcement on Monday by the American Savings Bank and Trust company. of 60 day withdrawal notice. calmed down today and only handful of depositors appeared to withdraw their money. Bank officials said that many of those who had withdrawn their funds were returning them following a public announcement by more than 10 business houses yesterday that they would guarantee the deposits of their employes in the bank yesterday almost equalled withdrawals and confidence was expressed on all sides today that conditions in the Tri-Cities had returned to a normal basis. Glenville State Bank Closes. GLENVILLE, Minn., Oct. The State bank of Glenville closed its doors today by order of the board of directors to conserve the assets. The institution was capitalized for $10,000 and had deposits of $125,000. Truro Savings Closes. TRURO, Oct. (P)-The Truro Savings bank of Truro, Madison county, was closed today. It had deposits of $85,000 and was capital ized at $20,000. Bank at Maquoketa Closes. MAQUOKETA, Oct. 2. American Savings bank closed today. The deposits were $948,000 and capital $100,000. West Liberty Bank Closes. WEST LIBERTY, Oct. 2. (P)The Citizens Savings bank hers closed today. Deposits were given as $160,000.

3. October 1, 1933 The Des Moines Register Des Moines, IA

Article Text

BANK RECEIVERS PAY $1,231,000 Election Involves More Than Fate of Candidates September Dividends Fight Raises Curtain Listed by Bates. on 1934 State Iowa banks in receivership paid a total of $1,231,927.79 in divi- Campaign. dends during September, the report for the month by D. W. Bates, state superintendent of banking, showed Saturday. Seventeen banks declared dividends during the month. the largest dividend being paid Sept. 15 by the American Savings Bank & Trust Co. of Burtington. The dividend of $430,641.71 amounted to 10 per cent. The second largest dividend amounting to 38 and representing 30 per cent was paid by the Delaware County State bank of Manchester, Sept. 1. Creditors Get Payment. A dividend of 899 85 was paid by the Union Trust & Savings bank of Dubuque in a 10 per cent payment Sept. 20. The greatest percentage of the total deposits in any bank paid in a dividend during the month was 32 per cent paid Sept. 20 by the Peoples Savings bank of Des Moines. The dividend of $50,261.03 differed from the other dividends in that it went to creditors rather than depositors of the bank in connection with the merger of the People's Savings bank with the Bankers Trust Co. several years ago. Called "Satisfactory." Superintendent Bates said the dividend payment record of the one Other dividends paid by Iowa banks in September were: Corn Belt Savings bank, Cedar Rapids, 10 per cent, $60,059.69 Sept. 12; Corley Farmers Savings ers Savings bank. Cushing, 10 per cent, $7,054.64 Sept. 18; Farmers & Merchants Savings bank, Durant, 5 per cent, $40,861.65, Sept. 21. 10 Per Cent at Haskins. Farmers and Merchants Savings bank, Haskins, 10 per cent, $8.274.62, Sept. 25; Farmers & Traders Savings bank, Hillsboro, 15 per cent, $10,972.16, Sept. 19 Citizens Savings bank, Lester, 10 per cent, $18,769.8 Sept. 21. Lockridge State bank. Lock ridge, 10 per cent, $12,878.87 Sept. 21: Monteith Savings bank, Monteith, 15 per cent, $7,314.44 Sept. 22: American Savings bank Muscatine, 5 per cent, $58,519.71 Sept. 25; Thornburg Savings bank, Thornburg, 20 per cent, $11,244.59, Sept. 28. $7,640 at Truro. Truro Savings bank, Truro, 10 per cent, $7,640.90. Sept. 22; Peoples State bank, Winthrop, 10 per cent, 9,846.77 Sept. 28. One of the 17 banks paid its fourth dividend, five paid third dividends and four second dividends.