3203. State Bank (Rock Valley, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 30, 1932
Location
Rock Valley, Iowa (43.205, -96.295)

Metadata

Model
gpt-5-mini
Short Digest
7b9bfc171417e223

Response Measures

None

Description

Articles consistently report that the State Bank of Rock Valley was in receivership (Superintendent of Banking v. State Bank of Rock Valley), with a receiver filing reports and paying dividends. No articles describe a depositor run. The bank was closed and in receivership (permanent closure) rather than a temporary suspension with reopening.

Events (3)
1. June 30, 1932 Suspension
Cause
Government Action
Cause Details
Superintendent of Banking (L. A. Andrew) brought case vs State Bank of Rock Valley leading to appointment of a receiver and suspension of payments/operations.
Newspaper Excerpt
Order of court signed in case L A. Andrew, Supt of Banking of the State of Iowa. versus State Bank of Rock Valley. Rock Valley, Iowa, approving report and inventory listing assets and property of said defendant Receiver's twentieth report up to, and including the 30th day of June, 1932. approved
Source
newspapers
2. October 20, 1933 Receivership
Newspaper Excerpt
Rock Valley State Bank Receiver Authorized to Pay Ten Per Cent Dividend Soon An order was issued by the Court authorizing the Receiver of the State Bank of Rock Valley to pay a dividend of 10 per cent on the deposit claims out of the money on hand now. D. W. Bates receiver of the State Bank of Rock Valley has filed a petition asking for judgment against W. Ver Mulm upon his promissory note ... D. Bates, receiver of the State Bank of Rock Valley has filed a petition ... and the receiver shall be discharged ... later reports show receiver activity and petitions filed by receiver in court records. (articles 3 and 4). (edited excerpt for clarity). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4). (article 3). (article 4).
Source
newspapers
3. February 9, 1934 Other
Newspaper Excerpt
The court approved compromise of the indebtedness of Van Beek to the Rock Valley State Bank by the receiver, and authorized said receiver join in the application of Cornelis Tennissen for corn loan also apreceiver's 6th report that after the payment 10% dividend last fall. the cash hand of Dec. 31, 1933, amounted ... An order issued approving comp[romise] ... in Rock Valley State bank receivership. (Article 5). (edited for clarity). (article 5). (article 5). (article 5). (article 5). (article 5).
Source
newspapers

Newspaper Articles (5)
1. August 12, 1932 The Sioux County Index Hull, IA
Article from The Sioux County Index, August 12, 1932

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Article Text

tiff versus C. P. De Jong and De Jong and Company, defendants Plaintiff de mands judgement against defendants for the sum of $67.00 and for costs of this action, for the collection of pay ment for merchandise sold by the plaintiff to the defendant. Order of court signed discharging the receiver in the case Bruce Vosburg versus Exchange Bank of Gran ville, Iowa. and Clarence N. Graff Said receiver was Math M. Goergen and the said bank instead of going into receivership continued business on a waiver plan. Order of court signed in case L A. Andrew, Supt of Banking of the State of Iowa. versus State Bank of Rock Valley. Rock Valley, Iowa, approving report and inventory listing assets and property of said defendant Receiver's twentieth report up to, and including the 30th day of June, 1932. approved in the case L. A. Andrew, Supt., versus Hawarden State Bank. Minnie De Vries has been appointed administratrix in the matter or the estate of Maggie Schaap, deceased The Last Will and Testament of William Hoogschagen. deceased. has been filed for probate and the hearing has been set for September 5th, 1932. at 10 o'clock, A. M., at the Court House, in Orange City, Iowa.

2. March 15, 1933 The Sioux County Index Hull, IA
Article from The Sioux County Index, March 15, 1933

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Article Text

HAPPENINGS AT THE COURT HOUSE AT ORANGE CITY, IA. (Continued from Page Four) 94-47. Company filed a pet)of tion asking for judgement against A. G. Janema in the sum of $54.76. with interext and costs. Plaintiff alleger this amount due them for goods, an! on November 28. 1931. INE for judgement against Gerrit Beyers on a promissory note for the eirm of $60.00 with Interest and with costs of this action. Schneider for the allm of $125.00 and and defendant executed and delivered to drawn on the Alton Havings Bank, that said checks were presented for payment and payment refused for want of Henry Manden filed petition ask. St., in the gum of with in. and that real estate mortgage he fore. closed. The B. P. Goodrich Rubber Company filed petition anking for judge ment against Henry Blankespoor in the surn of with interest and costs Plaindift claims this amount to the balance due them for goods. warer and merchandise sold defendants in The First Joint Stock land Bank of Chicago filed petition asking for and Ada Ver Maat in the aum of 421.02. and foreclosure of real estate The Equitable Life Insurance Co., of Towa filed a petition asking for judgement against John Harmelink and Jeanette Harmelink in the SUITI of $3,436.08 with interest. attorney's fees and costs and forecloaure on real estate morigage on the East 60 ACTOR of NWW of Section Township 36 46. Henry VanWechel filed petition asking for judgement against Joe VanderWik and Peter VanEs. Sr.. in the sum of $626.62. with interest. torney's fees and costs, on promisROTY note. In the case of Ella Bierma el al. order was signed confirming the sale of Lots and in Block 40. First Addition to North Sionx Center for the sum of $1500 as reported by the Referee. In the case of the Mutual Benefit Life Insurance Company versus John Hergh et al, decree was signed. giving plaintiff indgement against the said John F. Bergh in the sum of $10,616.00. and real estate mortgage foreclosed. An order was signed authorizing the Receiver of the State Bank of Rock Valley. to re-nurchase pledged notes from the Security National Bank at Sionx City, aggregating $23. for $8,750.65 An order was signed Authorizing Receiver of the Hawarden State Bank known AS the Hawarden Roller Mills Block the of and Mrs. Herman Mr. and

3. October 20, 1933 Rock Valley Bee Rock Valley, IA
Article from Rock Valley Bee, October 20, 1933

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Article Text

DOINGS COURT Rock Valley State Bank Receiver Authorized to Pay Ten Per Cent Dividend Soon An order was issued by the Court authorizing the Receiver of the State Bank of Rock Valley to pay a dividend of 10 per cent on the deposit claims out of the money on hand now. In the case of the John Hancock Mutual Life Insurance Company of Boston, Mass., VS Tunis and Jane Jansma et al, an order was issued approving the final report of the Receiver, F. T. Mc Gill, and that upon the filing of the receipt signed by the plaintiff for the sum of $453.32 in Receiver's hands, the Receiver shall be discharged, and his bond exonerated and this receivership closed of record. An order was isued in the estate ofHenry Vanden Top approving the leases of real estate by John De Koster, Administrator, to P. L. Nissink, Henry Oostenink and Jake Hoogland, at the rate of $6.00 per acre. An order was issued authorizing Neal Mouw, H. K. Eggink and Fred Kuhl, Sr., administrators of the estate of George Kuhl, to sell the interes't of the decedent, held by the estate, an undivided interest in the SW1/4, and the NW1/4 of Section 7-96-45 at public or private sale. John De Koster, Ben J. Meylink and De Mots were appointed appraisers of the real estate. An order was issued authorizing Scanlan, guardian of John D. Lynch and Josephine Lynch, minors, to assign to the Equitable Life Assurance Society of the United States, the lease with Jake Mantel for the year ending March 1, 1934 and the lease with John and Wissink covering the year ending March 1935, said assignment to be made as security for the payment of delinquent and accruing interest on the farm mortgage and taxes, on condition that said mortgagee defer bringing suit on its said note and mortgage until after March 1935. The final report of Tine Muulder and Hattie Kooiman, executrixs of the C. W. Kooiman estate was approved by the Court, they discharged and their bondsmen released. The final report of John Brandenburg, administrator of the estate of Joseph Reuter was approved, he discharged and his bondsmen released. The final report of Minnie DeVries, Administratrix of the estate of Maggie Schaap, was approved by the Court, she discharged and her bondsmen released. D. W. Bates receiver of the State Bank of Rock Valley has filed a petition asking for judgment against W. Ver Mulm upon his promissory note in the sum of $586.28, with interest at 8% from March 23, 1933 and for costs. Frederick De Jong has filed a petition at Law in Attachment asking for judgment against L. Niessink on his promissory note in the sum of $1,340 with interest at 6% from September 1, 1933, and for costs and attorney fees. Plaintiff further asks that a writ of attachment issue

4. October 20, 1933 Rock Valley Bee Rock Valley, IA
Article from Rock Valley Bee, October 20, 1933

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Article Text

gainst the lands and tenaments, goods and chattels, rghts and credits of the defendant. An order was issued granting relief and decreeing the Estate of James Gourley exempt from inheritance tax, for the reason that the exemptions allowed by statute exceed the gross value of the entire estate of the decedent. D. Bates, receiver of the State Bank of Rock Valley has filed a petition asking that the title and estate of Lots 1 and 2, Block 14, Rock Valley, except the South 22 feet of Lot 2, be established against the adverse claims of H. C. Piatt et al, the defendants, and that the title thereto be quieted in the plaintiff and the defendants pay the costs of the proceedings. The Mutual Benefit Life Insurance Company has filed petition against Fred Kuhl, Sr., et al asking for judgment in rem against the SE1/4 of Sec. 28-96-45 in the sum of $16,800 with interest at 8%, costs and Attorney fees, and that the mortgage be foreclosed on the aboves described real estate. Chas. W. Keniston has filed a petition asking for judgment against Fred W. Fleshman in the $360 as rent due on the building used as a tire store, with interest at 6%, and all costs of action; and that a writ of attachment issue for the enforcement of his landlord's lien. Frank Wakeman has filed petition asking for judgment against F. Finnie and Viva Finnie for the sum of $1076.71 with interest at 8%, costs and attorney fees and that the mortgage be foreclosed on Lot 11, Block 18, Western Town Lot Company's second addition to the Town of Hawarden.

5. February 9, 1934 The Alton Democrat Alton, IA
Article from The Alton Democrat, February 9, 1934

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Article Text

COURT DISPOSES OF ROUTINE MAT- TERS between sessions of the trial Claude Bensley of in discourt at Orange City the past week. the court has had time to sign occasional order or decree. the fullowing matters being among those disposed the matter of Dick Van Eldik Gerben Van't Hul et al, the was authorized In an order court pay sum of $50 out rentals the Bankers Life Insurance of Des in payment deficiency in rents when said comgained possession of the proper- The receiver in the case of Alice M. John Aniders authorized by the court to begin landlord's against Tony Duistermars the collection of rentals due. An order was Issued the report of the receiver of HawarState bank The cash hand Dec. amounted The court approved compromise of the indebtedness of Van Beek to the Rock Valley State Bank by the receiver, and authorized said receiver join in the application of Cornelis Tennissen for corn loan also apreceiver's 6th report that after the payment 10% dividend last fall. the cash hand of Dec. 31, 1933, amounted In the receivership of the Exchange bank an order authorizing settlement of Graff Indebtedness, and also an order approving receiver's first report by Rife, the assistant examiner charge of the receivership. His report showed deposit ciaims amounting to and public funds claims or total claims of In the list of claims the deposit is Total cash (ceipts up the time the report was made, $2,990.80. the total expense of the Dec. 31, 1933. Cash hand to enough to pay 10% dividend depositors. An order the Exchange bank fixing Feb. 24 at 10 the date of and notice on report of receiver classification, correction, allowance and rejection of claims, preferences and offsets. was the supplemental judgment entry and issued the case of Mutual Benefit Life Insurance V8. Alexander Shaffer, An order issued approving comproof and Van Ginkel in Rock Valley State bank receivership. Mr. In Hawarden State bank receivership the court authorized the sale of Wilder house Calliope to John for $1500 deposit claim, subject to the 50% dividends already paid. Another order in the same matter approved compromise the indebtedness of Henry Johnson. It's been banner week for Continued on Local Page