3139. Atalissa Savings Bank (Atalissa, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 17, 1931
Location
Atalissa, Iowa (41.571, -91.166)

Metadata

Model
gpt-5-mini
Short Digest
9dd800ce

Response Measures

None

Description

All articles describe the Atalissa Savings Bank being in receivership starting Nov 1931 and receivers continuing actions into Feb 1932. No article mentions a depositor run or heavy withdrawals as cause. The bank was placed in receivership by court orders (government/court action) and remains closed; thus classified as a suspension/closure (receivership).

Events (4)

1. November 17, 1931 Receivership
Newspaper Excerpt
In the receivership of the AtaUssa Savings bank, the receiver was authorized to credit note given Carl and Jessie Van Horn ... with the amount of the sale value ... Liberty Loan certificates held by the bank for Jessie Van Horn.
Source
newspapers
2. November 21, 1931 Receivership
Newspaper Excerpt
Orders were signed by the court ... the Atalissa Savings bank, receiver was authorized to bring suits against the holders stock the bank for the collecting funds to depositors claims.
Source
newspapers
3. February 23, 1932 Other
Newspaper Excerpt
In the receivership of the Atalissa Savings bank, the receiver was authorized to deliver to the Royal Union Life Insurance company of Des Moines an insurance policy ... for a loan of $270 on the policy. It is held by the bank as security for indebtedness to the bank.
Source
newspapers
4. February 27, 1932 Other
Newspaper Excerpt
Authority granted the American Trust company of Davenport to name the Atalissa [Savings] bank, through receiver Andrew, as defendant in foreclosure suit to be brought in district court Cedar county.
Source
newspapers

Newspaper Articles (7)

Article from Mid-West Progressive, November 17, 1931

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Article Text

IN BANK SUIT Transfer of Lighting Company Franchise Is Ordered Orders were obtained in several county bank ships today by A. Andrew, state banking, and ceiver closed banks, in Judge Scott's for the American Savings bank, he by to assign and deliver to State bank, and papers in the hands trustee under the executed Oct. 1928, between Muscatine Lighting company and the city of Muscatine, including the conveyance of the electrical distribution system. Another order was signed in which the for the Savings bank to pay any and on the trust earried by the bank as trustee for the care fund of the Melpine Union to Cole, George W. Grimm and D. Kelly, trustees. In the receivership of the AtaUssa Savings bank, the receiver was authorized to credit note given Carl and Jessie Van Horn in the of $1,438.60 with the amount of the sale value and accrued inter$600 par value Liberty Loan certificates held by the bank for Jessie Van Horn.


Article from The Muscatine Journal, November 21, 1931

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Article Text

Orders Receiverships Presented to Court by Receiver. orders were signed the today the Muscatine county tanks. the Atalissa Savings bank, receiver was suits against the holders stock the bank for the collecting funds to epositors claims. attorney for the the American Savings bank, receiver was authorized cash assets and collections any Towa bank which is under federal law. Attorneys and Wilson presented the Attorney Robert Brooke, Citizens Savings West Liberty filed askng the court Eichenauer, and Ridenour to assets the bank. orders signed Jackson.


Article from The Muscatine Journal, November 21, 1931

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Article Text

Orders Receiverships Applications Presented to Court by Receiver. orders signed by the today receivership Muscatine county banks. the Atalissa Savings bank, receiver authorized suits against the holders stock the bank for the collecting funds claims. attorney for the Savings bank, was authorized assets collections bank which under federal law. Attorneys and Wilson presented the Attorney Robert Brooke, Citizens Savings West Liberty filed an askng the court to Eichenauer, Ridenour to assets the bank orders were signed by D. Jackson.


Article from Quad-City Times, November 22, 1931

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Article Text

STOCKHOLDERS IN ATALISSA BANK TO FACE ASSESSMENT Muscatine, Ia., Nov. ders were signed by the court here Saturday the receivership of two Muscatine county banks. In the Atalissa Savings bank matter, the receiver authorized to bring suit against the holdof capital stock collect funds pay depositors' claims. Stafford attorney for the ceiver. In the American Savings bank, the receiver was authorized to posit cash assets and any Iowa bank which is under state or federal laws. Attorneys Drake and Wilson presented the Robert Brooke, appearing for the Citizens Savings bank of West Liberty, filed an application asking the court appoint W. Eichaneur, Snider and Ridenous to appraise assets of the The orders signed by Judge Jackson, who was on the bench today. Human sponges will absorb anything but water.


Article from The Muscatine Journal, February 23, 1932

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Article Text

District Court H. J. Freyermuth, suing the M. Kautz Baking company for $153 as the result of an automobile accident, filed an amendment to his original petition, setting forth that the relative position of the cars after the accident indicated the Kautz company car was operated at an excessive speed and in a negligent manner and the damage suffered by the plaintiff was the direct result of the negligence of the driver of the Kautz car. Attorney E. F. Richman filed the amendment. Nichols, Tipton and Tipton are attorneys for the defense. Letters of administration were issued to Jessie Sling in the estate of Fred Shing on the filing on bond of $500. Nichols, Tipton and Tipton represent the estate. The First National bank filed assignment, without recourse, of its judgment against Carl Meeker for $617.73 with interest at per cent and costs of $42.68 to E. R. Tipton, according to notice filed with the clerk of court C. E Schmalz as guardian of the property of Richard Harold Schmalz, minor filed bond of $3. 000 when he qualified as guardian Nichols, Tipton and Tipton are the attorneys Letters of administration were issued to H. R. Othmer in the es. tate of William A. Tappe when he filed bond of $2,000 through At. torneys Nichols, Tipton and Tipton In the estate of R, O. Mc. Gaughey, the lien of the First National bank as executor of the eatate. was waived to the extent to allow the Titus Loan and Investment company to execute a first mortgage in the sum of $2,000 against property owned by Nellie and A. C. Bruemmer The $2,000 obtained in a loan from the Titus company will be applied to satisfy the balance due on a first mortgage held by the Louise Eversmey. er estate which is past due. The McGaughey estate has second mortgage on the Bruemmer property for $2,500 Mayme Estle as administratrix of the estate of Chester M. Estle. was authorized to pay fire insurance assessment of $73 when the application was presented by attorneys Nichols. Tipton and In the receivership of the Atalissa Savings bank, the receiver was authorized to deliver to the Royal Union Life Insurance company of Des Moines an insurance policy of Verla B. Barkalow. with Rowiena Barkalow as beneficiary for a loan of $270 on the policy. It is held by the bank as security for indebtedness to the bank. The defense filed a motion asking that Carrie G. Oaster, who is using the St. Mathias church for injuries alleged suffered when she fell on the church steps, Jan. 25, 1930, be required to make her peti- tion more specific. They ask that she state at what hour of the day she attended early mass, whether or not there was any other exit she could have used in leaving the church, how long the steps were ice coated, and how the failure of the church to place sand or ashes on the stepes constituted an act of negligence. Attorneys are J. G. Kammerer and J. F. Devitt for the church and E. F. Richman for the plaintiff. Ruth Pace filed a written assignment of her rights and claims against Junior and Samuel Phillips to her husband, Cash Pace, in an entry in the second damage suit brought against Junior and Samuel Phillips by members of the Pace family. Previously only an oral assignment of her claims had been made by Mrs. Pace. In the first suit, tried before a jury in the present court term, Florence Pace, minor, through her father, Cash Pace. was given judgment for $918 and the defense was denied its motion for new trial. This case has been appealed by Attorney J. F. Devitt of the defense who has entered bond for $2,100. Attorney J. G. Kammerer represents the Paces.


Article from The Muscatine Journal, February 27, 1932

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Article Text

District Court Authority granted the American Trust company of Oavenport to name the Atalissa ings bank, through receiver Andrew, as in foreclosure suit to be brought district court Cedar county. Notes signed by Nicholaus Spilger to the \merican Commercial Savings bank of Davenport will names form the basis of the Authority to rent part of the land Alfred and Elizabeth Carand another portion to Byrne and Mollie Byrne was granted to Van Nice ceiver of property involved the suit of against Grat Dalton and others, when his plication was presented to Judge Jackson Andrew receiver of the American Savings bank was thorized to settle the claim the bank against Spickler on notes aggregating $3,300 for cash settlement $3,000 and positor's claim against the bank $194 when the application the receiver presented


Article from The Muscatine Journal, February 27, 1932

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Article Text

District Court Authority was granted the American Trust company of Oavenport to name the Atalissa ings bank. through receiver Andrew, as defendant in foreclosure suit to be brought district Cedar county. Notes signed Nicholaus to of the Savings bank of Davenport will form basis of the suit. Authority to rent part of the land to Alfred and Elizabeth Carter and another portion to Byrne and Mollie Byrne was granted Nice as ceiver of property involved suit of Davison against Grat Dalton and others, when plication was presented to Judge Jackson. L. Andrew receiver of the American Savings bank was authorized to settle the claim of the bank against Spickler on notes aggregating $3,300 for cash settlement $3,000 and positor's claim against the bank $194 when the application the receiver by torneys Drake and Wilson.