Articles consistently describe the First State Savings Bank of McCausland as 'defunct' with a receiver in charge, court authority for liquidation, dividend distributions by the receiver, and collection suits. No article describes a depositor run prior to closure or any reopening. Closure appears permanent with receivership and liquidation actions.
Events (11)
1.May 1, 1930*Suspension
Cause
Government Action
Cause Details
Bank had closed its doors and a receiver was appointed; court authorized liquidation (state superintendent and receiver actions).
Newspaper Excerpt
which closed doors month
Source
newspapers
2.June 25, 1930Other
Newspaper Excerpt
Court orders essential in connection liquidation of the First State Savings bank, Causland... empower receiver in charge the bank, take what action necessary in protect the bank's interests
Source
newspapers
3.December 1, 1930Other
Newspaper Excerpt
Receiver Issues Notice of 25 Per Cent Disbursement. McCausland, Ia., Dec. First State Savings bank, McCausland, is paying dividend of 25 per cent this M. Baker, receiver in charge, has announced.
Source
newspapers
4.March 6, 1931Other
Newspaper Excerpt
Receiver SUES TO COLLECT PROMISSORY NOTES... L. Andrew, state superintendent and receiver in charge the defunct First State Savings McCausland, has filed ... alleged owing promissory notes
Source
newspapers
5.March 8, 1931Receivership
Newspaper Excerpt
Appointment of Charles L. Bosier as acting receiver in charge of the defunct First State Savings bank of McCausland, Ia., to succeed M. Baker, was announced Saturday by L. Andrew, state superintendent
Source
newspapers
6.March 26, 1931Other
Newspaper Excerpt
L. A. Andrews... has obtained judgments... on promissory notes held by the bank.
Source
newspapers
7.May 20, 1931Other
Newspaper Excerpt
BANK RECEIVER SEEKS RIGHT TO COMPROMISE CLAIM... receiver in charge of defunct First Savings bank McCausland, has petitioned district authority
Source
newspapers
8.May 24, 1931Other
Newspaper Excerpt
BANK RECEIVER BRINGS SUIT TO COLLECT ON NOTE... L. Andrew... has filed suit in district court ... for $4,722.87 alleged owing on note
Source
newspapers
9.September 6, 1931Other
Newspaper Excerpt
BANK RECEIVER ASKS AUTHORITY TO SETTLE CLAIM... petitioned the district court for permission accept deed to McCausland real estate ... full settlement
Source
newspapers
10.September 10, 1931Other
Newspaper Excerpt
BANK RECEIVER FILES REPORT... the defunct First State Savings bank, McCausland, which operations ago, has been proved... report the payment two dividends in the amount of 25 per cent each
Source
newspapers
11.February 14, 1932Other
Newspaper Excerpt
INSURANCE FIRM RESISTS MOVE OF M'CAUSLAND BANK... resistance to the appointment of a receiver in foreclosure proceedings... on behalf of the defunct First State Savings bank of McCausland was filed
Source
newspapers
Newspaper Articles (10)
1.June 25, 1930Quad-City TimesDavenport, IA
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Article Text
RECEIVER TO
Court Authority Granted For Liquidating of McCausland Institution.
Court orders essential in connection liquidation of the First State Savings bank, Causland. which closed doors month signed day by District Judge Scott the in charge pay due prior liens which the holds an pay taxes and to suits collect outstanding accounts due the institution. The orders. presented by Thue nen Thuenen, for the state superintendent banking empower receiver charge the bank, take what action necessary in protect the bank's interests.
2.December 1, 1930Quad-City TimesDavenport, IA
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Article Text
DIVIDEND PAID BY DEFUNCT
Receiver Issues Notice of 25 Per Cent Disbursement.
McCausland, Ia., Dec. First State Savings bank. McCausland. is paying dividend of 25 per cent this M. Baker, receiver charge, has announced. The checks are ready for distribution and the has requested to call at his office for their checks for the disbursement.
3.March 6, 1931Quad-City TimesDavenport, IA
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Article Text
RECEIVER SUES TO COLLECT PROMISSORY NOTES
Andrew, state superintendent and receiver charge the defunct First State Savings McCausland, has filed district Harry Schneckloth alleged owing promissory notes, and for alleged three promissory notes the Thuenen for the bank receiver.
4.March 8, 1931Quad-City TimesDavenport, IA
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Article Text
BOSIER NAMED AS RECEIVER OF M'CAUSLAND BANK
Appointment of Charles L. Bosier as acting receiver in charge of the defunct First State Savings bank of McCausland. Ia., to succeed M. Baker, was announced Saturday by L. Andrew, state superintendent of
5.March 26, 1931Quad-City TimesDavenport, IA
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Article Text
ENTER JUDGMENTS ON NOTES HELD BY M'CAUSLAND BANK
L. A. Andrews, state superintendent of banking and receiver in charge of the defunct First State Savings bank of McCausland, has obtained judgments in District Judge W. W. Scott's court against Harry Schneckloth for $2,971.07. and against Curtis and Mary Speer for $746.09 on promissory notes held by the bank. Thuenen & Thuenen are attorneys for the bank receiver.
6.May 20, 1931Quad-City TimesDavenport, IA
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Article Text
BANK RECEIVER SEEKS RIGHT TO COMPROMISE CLAIM
Andrew state superintend banking and receiver charge defunct First Savings bank McCausland, has petitioned district au thority accept from Itania Carber full claims aggregating held the against them The claims secured by gage on lands appraised than amount of hearing the May District Judge
7.May 24, 1931Quad-City TimesDavenport, IA
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Article Text
BANK RECEIVER BRINGS SUIT TO COLLECT ON NOTE
L. Andrew, state dent of banking and receiver charge the First State bank, McCausland, has filed suit district court against George Holst, Henry Boeh, Sheridan, H. Litscher, George Randolph and Henry Moeller for $4,722.87 alleged owing on note signed and endorsed by the Thuenen and Thuenen for the bank receiver.
8.September 6, 1931Quad-City TimesDavenport, IA
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Article Text
BANK RECEIVER ASKS AUTHORITY TO SETTLE CLAIM
Andrew, state superintendent of banking and receiver in charge of the defunct First State Savings bank, McCausland, has titioned the district court for permission accept deed to MeCausland real estate from Guy Swain full settlement of
9.September 10, 1931Quad-City TimesDavenport, IA
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Article Text
BANK RECEIVER FILES REPORT
The fifth report of Andrew. state of banking in charge of the funct First State Savings bank, McCausland, which operations ago, has been proved by District Judge Maines. report the payment two dividends in the of 25 per cent each, and includes assets totaling $168,639.54, bills receivable amounting to $71,852.16. Real estate held the institution is valued at $13,757.
10.February 14, 1932Quad-City TimesDavenport, IA
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Article Text
INSURANCE FIRM RESISTS MOVE OF M'CAUSLAND BANK
Resistance to the appointment of a receiver in foreclosure proceedings instituted against Edward S. and Carrie Holst and others on behalf of the defunct First State Sav ings bank of McCausland was filed Saturday in the district court by the American Mutual Fire & Tornado Insurance association, a COdefendant and holder of a. $10,000 mortgage against the property involved. The insurance company claims its lien is superior to that held by the bank receiver. Ruymann & Ruymann are attorneys for the insurance company.
