3068. Lost Nation Savings Bank (Lost Nation, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 21, 1927
Location
Lost Nation, Iowa (41.964, -90.818)

Metadata

Model
gpt-5-mini
Short Digest
e62532dd33a7b451

Response Measures

None

Description

Articles indicate the Lost Nation Savings Bank was closed and in receivership (dividends paid by receivers reported in 1927; receiver filing suits and noting the bank closed its doors with receiver named, article Dec 29, 1932). No article describes a depositor run; the bank was closed and a receiver active, so classified as suspension leading to closure/receivership.

Events (2)
1. September 21, 1927 Other
Newspaper Excerpt
Among those listed are the following ... Lost Nation Savings bank $61,516.05 (More Than Million Paid By Iowa Bank Receivers...).
Source
newspapers
2. March 12, 1932 Receivership
Newspaper Excerpt
the suits also seek ... the bank which capitalized $40,000. the suits also seek ... The bank closed doors and Lein named ... suits obtained Wednesday Harry Brown, deputy United States ... (article Dec. 29, 1932).
Source
newspapers

Newspaper Articles (2)
1. September 21, 1927 The Gazette Cedar Rapids, IA
Article from The Gazette, September 21, 1927

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Article Text

More Than Million Paid By lowa Bank Receivers DES MOINES. Sept. 21 Nearly million quarter dol lars in dividends To depositors in closed Iowa banks were paid during the last month by state The total paid depositors was the thirty banks the Peoples State bank of and the Farm ers State bank of paid 40 banks six fifteen per one, two. per cent ten per cent, and three paid less than ten per In amount of money paid the Mechanics Savings bank of Des Moines with Among those listed are the follow ing Central City Savings 25 per cent. Garwin bank 15 per $31 Lost Nation Savings bank cent. Savings bank, Tama, 10 per cent, $61,516.05

2. December 29, 1932 Quad-City Times Davenport, IA
Article from Quad-City Times, December 29, 1932

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Article Text

Nation Bank Stock Suits Filed suits naming fendants and totaling filed district court, enport, today against stockholders the defunct bank Lost Nation by Louis Lein, receiver. Representing shares of stock the bank which capitalized $40,000. the suits also seek collect cent interest the amounts due from March 12, on claimed been The bank closed doors and Lein named all the suits obtained Wednesday Harry Brown, deputy United States shal. the defendants Davenport EHa Skelley named for Skelley named for $500. Others, the exception Collins, Cedar Rapids, living Lost Nation vicinity. They Albert George Creger, Dake, Collins, and defendants, Matilda Busch, $300: Bertha Busch, $300; H. Burrichter, Grundmeier, Caroline Hohn, $400; Jenkins, Carl $400 Rowe, $150: Ed Rutenbeck, Charles Schoff, $900; Schubert, Wiese, $300, and Charles