Article Text
GERMANIA, IOWA-The State Bank of Ger. mania is in the hands of Frank Weimer of Ledyard as receiver. The 1 bank has $25,000
State Bank (Germania, IA)
Episode Information
- Episode UID
8893342491247- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
889334249hash - Start Date
- November 28, 1903
- Location
- Germania, Iowa
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
258a7f072a073324
Response Measures
None
Events (1)
1.
November 28, 1903
Receivership
- Newspaper Excerpt
- Judge Quarton has appointed Frank Weimar of Ledyard to be receiver for the State Bank of Germania.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
IOWA BANK BROKE. Algona, Ia., Nov. 26.-A receiver was today appointed for the State Bank of Germania, which carries $40,000 of deposits. State Bank Examiner Thompson has been in charge of the bank for more than a week. Inability to convert real estate into ready money and the allowance of overdrafts not consistent with good bankIng is said to be the cause of the bank's trouble. The assets may meet all demands.
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Article Text
IOWA BANK FAILS. Heavy Investment in Real Estate the Cause. Des Moines, Nov. 28.-The State bank of Germania at Germania. Kossuth county, is in the hands of Frank Weimer of Ledyard as receiver. The bank has $25,000 capital and about $40,000 in deposits and the failure was due to too heavy investments in real estate. The bank will pay out.
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Article Text
IOWA BANK FAILS. Heavy Investment in Real Estate the Cause. Des Moines, Nov. 28.-The State bank of Germania at Germania, Kossuth county, is in the hands of Frank Weimer of Ledyard as receiver. The bank has $25,000 capital and about $40,000 in deposits and the failure was due to too heavy investments in real estate. The bank will pay out.
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Article Text
Receiver for an Iowa Bank. Algona, Ia., Nov. 27.-Judge Quarton has appointed Frank Weimar of Ledyard receiver for the State bank of Germania. The institution has $25,000 capital and $40,000 of deposits. State Bank Examiner Thompson has been in charge of the bank's affairs for more than a week and efforts were made to secure a settlement without resort to receivership. The inability to convert real estate into ready money and the allowance of over drafts not consistent with good banking is said to be the reason for the receivership proceedings. Assets may meet demands.
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Article Text
IOWA BANK CLOSES. Receiver Named for the State Bank of Germania, Kossuth County. Algona, Ia., Nov. 28.-Judge Quarton has appointed Frank Weimar of Ledyard to be receiver for the State Bank of Germania. The institution has $25,000 capital and $40,000 deposits. Inability to convert real estate into ready money and allowance of overdrafts not consistent with good banking. are said to be the reason for the receivership proceedings. The assets may meet all demands.
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Article Text
Germania Bank Fails. Algona, Nov. 28.-Judge Quarton has appointed Frank Weimar, of Ledyard, to be receiver for the State Bank of Germania. The institution has $25,000 capital and $40,000 deposits. Inability to convert real estate into ready money and allowance of overdrafts not consistent with good banking, are said to be the reason for the receivership proceedings. The assets may meet all demands. Men call their own carelessness and inactivity fate.
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Article Text
Germania Bank Fails. Algona, Nov. 28.-Judge Quarton has appointed Frank Weimar, of Ledyard, to be receiver for the State Bank of Germania. The institution has $25,000 capital and $40,000 deposits. Inability to convert real estate into ready money and allowance of overdrafts not consistent with good banking, are said to be the reason for the receivership proceedings. The assets may meet all demands. Men call their own carelessness and inactivity fate.
Click image to open full size in new tab
Article Text
IOWA BANK CLOSES. Receiver Named for the State Bank of Germania, Kossuth County. Algona, Ia., Nov. 28.-Judge Quarton has appointed Frank Weimar of Ledyard to be receiver for the State Bank of Germania. The institution has $25,$10 capital and $40,000 deposits. InIbility to convert real estate into ready money and allowance of overdraft: not. consistent with good banking, are said to be the reason for the receiver ship proceedings. The assets may meet all demands.
Click image to open full size in new tab
Article Text
Germania Bank Fails. The State bank of Germania at Germania, Kossuth county, is in the hands of Frank Weimer of Ledyard as receiver. The bank has $25,000 capital and about $40,000 in deposits and the failure was due to too heavy investments in real estate. The bank will pay out.