Farmers State Bank - Lamoni, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1925*
Location: Lamoni, Iowa (40.623, -93.934)

Metadata

Model: gpt-5-mini
Short Digest: 6284c576491702ab

Response Measures

None

Description

Article (Adams County Free Press, 1925-03-20) reports that Orra Teale, cashier of the Farmers State Bank at Lamoni, pleaded guilty to forgery and making false entries and was sentenced to prison. The text states a bank receiver was involved and requested Teale's assistance, indicating the bank had a receiver (i.e., closed/placed in receivership). There is no explicit description of a depositor run in the article. Dates in the article are imprecise; I used the publication year (1925). OCR errors in the article were corrected for names and context (e.g., 'Orra Teale', 'Farmers State Bank', 'receiver').

Events (3)

1. March 1, 1925* Other

Newspaper Excerpt: Judge proceeded to sentence Mr. Teale to indeterminate term of not exceed ten hard labor in the penitentiary at F1. Madison, on each the of and on the charge of making false entries term of not to exceed five yearsThe court also ordered ... The sentences are Pun concurrent. The court also orderplained that the bank receiver desired Mr. Teale to assist him for few days (report of criminal sentencing).
Source: newspapers

2. March 1, 1925* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier pleaded guilty to multiple counts of forgery and making false entries on the bank's books, indicating internal malfeasance and insolvency concerns leading to suspension/closure.
Newspaper Excerpt: Wednesday evening just before court IPT of the Farmers State Bank at Lamoni. appeared in court and entered tions filed by the county attorney twelve for forgery and one for making false entries on the bank's books.
Source: newspapers

3. March 20, 1925 Receivership

Newspaper Excerpt: The court also orderplained that the bank receiver desired Mr. Teale to assist him for few days ...The court also orderplained that the bank receiver desired Mr. Teale to assist him for few days (indicates a receiver had been appointed).
Source: newspapers

Newspaper Articles (1)

1. March 20, 1925 Adams County Free Press Corning, IA

Article from Adams County Free Press, March 20, 1925

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Article Text

NEIGHBORHOOD NEWS. of and Mrs. Howard Augustine of Adair county was drowned in water tank. There are candidates for mayor of Creston being Ed Keith, R. Rhine. Adam Pickett and M. L. Burt. Mr. Burt is said to be the Klan candidate. The city finances of Clarinda has balance of $41,782.71 on hands and ev. fund has on the right side of the ledger, even the band fund has Not every place did the voters take as Interest in the school election as did the Corning voters. At Corydon only 102 votes were cast and for direcfor they elected F. Roberts (male) over Mrs. A. Hayes (female) by vote of 50 to In the case of Floyd Collier vs, Dr. D. H. Killingsworth tried at Clarinda, the shit being for $50,000 damages be; cause of medical attention that WAS given an injured of the plaintiff being defective. Judge Peters after hearing the evidence of the plaintiff. directed verdiet in favor of the defendant and the thise was dismissed. Leon past week some slick ment peddlers were in Leon and canvasted the residence district. selling the good what they claimed were real honest to goodness country cured boneless hams, and they disposed them. And now we hear that the cured. smoked with bickory chips in simply packing house hams which were disposed of at fancy price. Corydon Iown SouthUtilities Company has for damages resulting from the death Thomas Ishmael. who lost his life at Allerton on February Sth by electrocution. Ishmael's estate will $5,000. Frank S. Payne of Cenrepresenting the Iown South- Utilities Company. was in Corydon Monday completing arrangements for sfon light wire belonging to the Iowa Southern Utilities Co. fell and came in contact with the wiring in Mr. 1shhe attempted to turn on light in the building. An income of about $500 month during the winter from flock of 670 white Leghorn chickens is the boast of Jusper llaines who lives near Centerlieres he has the largest individual chicken house in the state. It is 100 feet wide, and in the middle is two stories high basement The in the basement. Two stoves. one each end of the house. supply the heat. The hen house is electrically lighted and Haines turns on fhe lights at o'elock in the morning. The chickens are-permitted to go to roost at o'clock at ulght. The result of all this care during January produced 11.275 Clarinda Herald-The agitation of churches to have minors excluded from duile balls and have the dances supervised has resulted in the city's latest ordinance passed Tuesday evening at the regular meeting for March. Provision is made for lon but the age limit is fixed nt 17. 1111less the boy girl Is by patent or legal guardian Under the dinance the nia,yor is given authority to regulate all dance balls and skating for supervisor who has. been approved the mayor this the powers cause the expulsion from the ball of anyone under the limit or who are in the ordinance by the prospective of fine and Imprisonment upon of violation. congressman, W. K. Evans, has returned to Corydon and ident of Iown, after serving the Eighth congressional district during the unex pired term of H. M. Towner, Mr. Evans by all political deeeney was entitled to others thought otherwise and Judge Evans refused to enter contest for and he down and out and back old where again engaged in the practice of law. In speaking of Itis return to Corydon the Democrat says: "Hon. and Mrs. H. Evans returned the last of the week from Washington, D. C., where they bad been for months_while Mr. Evans completed his term of fuithful service as representative in congress from the Eighth Iown district. Mr. Evans will now devote his entire attention to the practice of law as member of the firm of Evans Garrett." Gravity Independent-Ir Page comty District Court, Tuesday, Beckner of Clarinda, won the court declsdon in case for damage brought by Blanche Davis, of Creston. Beckner was being sued for darunge result of the automobile accident, southwest when the Beckner car crashed into the cur driven by Duvls at blind railway crosing, short distance northeast and his three sons badly injured. At tempts to settle the matter out of court were made at various times since the accident. all of which have resulted in trial Tuesday. at Clarinda. Johnston Bone, Creston lawyers. appeared for Mrs. Davis. white the defense was directed by Stipe. Clarinda. After the witnesses for the the for the defense entered motion for claiming that the Hsh case for damage. susmotion and for the defense was given. Cundy. freshman nt college and son Mr. and Mrs. F. L. Cundy of their annual Who" election ns assistant varsity sheik and third best looking man. The election was held Inst Monday and the returns just announced, and the unique thing about Mr. Cundy's positions are that It is seldom freshman is menHoned nt all in the votes. Mr. Cundy has also just completed singing In three music revitals in three days. His voice is expected to replace the baritone of Bushnell North in both the glee elub and the When graduated last rear from Parsous his loss was felt keenly in inusical circles. in his prime. Besides being popular with music tovers and his classmates. Cundy has reputation as an earnest student. He was elected president of his freshman literary society when first organized choosing-ten couples to dance the minnet In the Washington party given annually by the Seniors, Cundy was one of the ten boys chosen out of 450 students. Villisen McClelland of Corning has been working here during the Inst several making the pro liminary survey for the new sewer sys. tem which the city council contemplating for the west part of Villisea: Mr. McClelland states be expects to complete the work this week, pre paratory to making the maps. R. N. Willett was here Wednesday 111ternoon on his way to his home Nodaway after spending the winter by Fairhope. Alabama. On his return trip Mr. Willett lost his overent and of his sultenses of clothes which were stolen from his in the sleepUng ear while he was in the dining CRE fuches tall. flowers were in bloom and other similarly advanced when he left H. Piper and S. A. Mathews returned home Sunday from Murdo, S. where they went to look a farm which Mr. Piper sold three years age contract. $15,000 still remaining unpaid. Piper bus deeded to Mr. and turned over to him the contract mentioned above. the former taking ns payment for same the Mathews SQuare farm five $5,000 In eash. Mr. Pher gets immediate possession of the S0 aeres. Orra Teale, eashier of the Farmers long penitentiary sentence before him: He banker who receive punishment. The Leon Reporter gives the following necount of his sentence: Wednesday evening just before court IPT of the Farmers State Bank at 1.amoni. appeared in court and entered tions filed by the county attorney twelve for forgery and one for making false entries on the bank's books. and asked that sentence be passed. Judge proceeded to sentence Mr. Teale to indeterminate term of not exceed ten hard labor in the penitentiary at F1. Madison, on each the of and on the charge of making false entries term of not to exceed five years. and that he thing $5,000.00 This was the maximum punishment which the law provides and the sentences are Pun concurrent. The court also orderplained that the bank receiver desired Mr. Teale to assist him for few days NaOmaha evaded the law for almost TWO years. nois the voluntarily week, surrendered himself to the and stated that wanted plead entity to the charge of transporting inThe charge upon which he roe county grand dury. am tired of dodging officers," he told officials. "and want to get this thing all fixed He appeared before Justice of the Peace E. B. Morris, Inst Thursday nfternoon, where be pleaded guilty to the charge. The Squire fixed the fine at their $100 and costs (the for this offense) and when young Grant had informed the Justice that he had no funds with which to was given the necessary papers and of his own free will went to the county jull asking admission. wishes were plied with and the next be will keep company with his brother. Walter, is "laying out" $1,000 time for liquor law violation. Napler in 1923 to and drew $500 fitter On May 1923 his car was siezed nt Melrose laden with booze and charges were lodged against Grant. He escaped from the the officers since has been jump or two ahead of the law. Leaving here he joined the DAVY, but was Inter discharged from the fedcral service, and since that time has devoted his the cers. tired of he said, and want to serve get this thing all fixed Winterset W. Will kinson. life long citizen of Winterset and oldest member the Winterset Dar, died of at his home Court Avenue Friday at 1:30 after an illness few hours. Judge Wilkinson. as was his custom for many years, went to his law office business houses were open. Miss Cora Henry, his stenographer. arrived at the office at eight o'clock and found him on couch in the library suffering from an attack of at once called his daughter, Lina. and also Dr. Davisson. Judge Wilkinson was taken house-and fell into deep sleep. At Miss Linn. who is trained nurse, found him sleeping quietly and his pulse was strong. Ten minutes afterward she entered the room and found he had passed away. The news of his sudden death startled the town and county and was learned with profound sorrow regret. The Judge was probably the oldest native born citizen of Madison county. His 1847 and he was born in Scott township in November, 1848. He was one of family of ten children. He attended school in Winterset and was admitted to the har in 1872 He spent year two California and opened an office in Winterset in 1875. He had good practice from the start and was elected district attorney in 1882, He was elected district judge in 1886 and served sixteen years with great ability. declining renomination. Since that time he has practiced law continually with his son. partner.