Security Savings Bank - Davenport, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 1, 1924*
Location: Davenport, Iowa (41.524, -90.578)

Metadata

Model: gpt-5-mini
Short Digest: 0ae1b415

Response Measures

None

Description

The only mention of the bank in the article states it suspended business some 10 years ago (article dated 1934), indicating a suspension around 1924 with no run described and no reopening mentioned. No cause or receivership details provided in the text; classification as a permanent suspension (closure) is the most consistent reading.

Events (1)

1. January 1, 1924* Suspension

Cause Details: Article only states the bank suspended business some 10 years ago; no cause given in text.
Newspaper Excerpt: former president of the Security Savings bank, which suspended business some 10 years ago.
Source: newspapers

Newspaper Articles (1)

1. May 16, 1934 Quad-City Times Davenport, IA

Article from Quad-City Times, May 16, 1934

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Article Text

DISBARRED TRIBUNAL Loses Right to Practice Law; May Write Bar History. CLIENT'S FUNDS Second Lawyer to be Disbarred in History of Scott County. Attorneys for Claus Ruymann, disbarred from further legal practice in Iowa by decision of three judge court, said they would ask the supreme court to reinstate their client the proper time." The terse statement, issued by Hanley, who with Otis Gilbrech and John Hornby defended the disbarred attorney, was issued following conference with Mr. Ruymann in Hanley's office. lows: "There will be appeal. the proper time will ask for statement of Mr. Ruymann. That all we can say at this time." Mr. Ruymann, 59. has been engaged the practice of law in Davenport since when he was first admitted to the bar. a former president of the county bar association and has been active for years political circles. He was formerpresident of the Security Savings bank, which suspended business some 10 years ago. May Write History. In his plans for the future. Mr. Ruymann said he thinking of occupying his leisure time by writing history the Scott County Bar assoclation. Any appeal, it was pointed out, could only from the weight punishment dealt out to Mr. Ruymann by three-judge court, since he had already pleaded guilty charges of misappropriating funds of client, Henry Kroeger. No Criminal Prosecution. No of Mr. Ruymann, based upon the transactions involved in the charges filed in the disbarment proceedings, is according to CounAttorney Leon A. Grapes. The transactions, which occurred eral years ago, are barred by the statute of limitations, the attorney said. Defense attorneys the suggested that the court only suspend Mr. Ruymann for term of months or years, while one of them, Attorney Hanley, said that severe reprimand would be sufficient punOnly One Other Case. Only other of complete and exists in the history of Scott county bar, according to Murphy, its veter. an member. involved an attorney by the name of Wing of the partnership of and Fink, Disbarment proceedings were stituted here some eight years (Continued Page Two)