3324. Decatur State Savings Bank (Decatur City, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
October 23, 1919
Location
Decatur City, Iowa (40.742, -93.833)

Metadata

Model
gpt-5-mini
Short Digest
558c10ff

Response Measures

None

Description

Articles from Nov–Dec 1919 refer to Francis Varga as receiver and describe the failure of the Decatur State Savings Bank, with suits and sheriff's sales pursued by the receiver and indictment of the cashier for embezzlement. No article describes a depositor run; the bank was placed in receivership and appears to have closed.

Events (2)
1. October 23, 1919 Suspension
Cause
Government Action
Cause Details
Bank failed and a receiver (Francis Varga) was appointed; legal actions and sheriff's sales followed.
Newspaper Excerpt
on a judgment obtained in said court, on the 23rd day of October, 1919, in favor of Francis Varga, receiver of Decatur State Savings Bank
Source
newspapers
2. November 13, 1919 Receivership
Newspaper Excerpt
Francis Varga, receiver, has commenced suit against the following parties to collect notes which they owe to the Decatur State Savings Bank: ... and later, failure of the Decatur State Savings Bank. of which he was cashier. (Dec. 18, 1919).
Source
newspapers

Newspaper Articles (4)
1. November 13, 1919 The Leon Reporter Leon, IA
Article from The Leon Reporter, November 13, 1919

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Article Text

# New Court Cases. Stephen Varga vs. Nettie E. Motherway. Suit is on a note for $300 and an attachment is asked against defendant's property, Francis Varga attorney for plaintiff. Francis Varga, receiver, has commenced suit against the following parties to collect notes which they owe to the Decatur State Savings Bank: J. E. Fisher, $100; Carl and John Coffin, $175; R. E. Ross, $2725; Harriett Carroll, $540.50; John Coffin, $127.65; H. H. Coffin, $85; J. E. and Emma Coffin, $285; Mrs. Faye Coffin and Carl Coffin, $860; Fred Hodgell, $150. C. W. Hoffman is the attorney for plaintiff in each case. F. S. Stewart vs. Nettie E. Motherway. Suit is on an account for $75. Varga & Son attorneys for plaintiff. H. O. Tuttle vs. Mart W. Myers. Suit is on an account and note on which there is due $280.50. R. B. Hawkins attorney for plaintiff. F. T. McKibbin et al. vs. G. B. Sams. Suit is on two notes amounting to $1265. S. H. Amos attorney for plaintiff. T. J. Griffin vs. Uncle Sam's Stock Medicine Co. Suit is on an account for $36 for services performed in traveling with and introducing W. W. Rice an agent of defendant. S. A. Gates attorney for plaintiff. J. W. and William Frost vs. Ella Gittinger et al. The parties are the heirs of W. H. Frost and wife, and ask that the shares of the heirs be confirmed and the estate divided. C. W. Hoffman attorney for plaintiff. J. G. Moser vs. Captain Bowen and Mrs. Goldie Bowen. Suit is on two notes on which the sum of $650 is due. McGinnis & McGinnis attorney for plaintiff.

2. November 20, 1919 The Leon Reporter Leon, IA
Article from The Leon Reporter, November 20, 1919

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Article Text

onerlif's Sale. By virtue of an execution directed me from the Clerk of the District urt of Decatur county, Iowa, on a ment obtained in said court, on 23rd day of October, 1919, in or of Francis Varga, receiver of catur State Savings Bank, as intiff. and against S. H. Campbell a Hallie M. Campbell, as defendts, for the sum of $4721.98, attory's fees and costs taxed at $91.41, d accruing costs, I have levied on the following real estate, taken the property of said defendants, satisfy said execution, to-wit: The north 1/2 of lot No. 6, in block 1. Decatur City, Decatur county, owa. And will offer the same for sale O, the highest bidder for cash in and, on the 4th day of December. A. D. 1919, in front of the Court House door in Leon, Iowa, at the our of 10 o'clock A. M. of said day. hen and where due attendance will he given by the undersigned. Dated at Leon, Iowa, November 4, 1919, JOHN A. FULTON, 15-2t Sheriff of said county.

3. November 27, 1919 The Leon Reporter Leon, IA
Article from The Leon Reporter, November 27, 1919

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Article Text

Sheriff's Sale. By virtue of an execution directed to me from the Clerk of the District Court of Decatur county, Iowa, on a judgment obtained in said court, on the 23rd day of October, 1919, in favor of Francis Varga, receiver of Decatur State Savings Bank, as plaintiff, and against S. H. Campbell and Hallie M. Campbell. as defendants, for the sum of $4721.98. attorney's fees and costs taxed at $91.41, and accruing costs, I have levied upon the following real estate, taken as the property of said defendants, to satisfy said execution, to-wit: The north 1/2 of lot No. 6, in block 14, Decatur City, Decatur county, Iowa. And will offer the same for sale to the highest bidder for cash in hand, on the 4th day of December. A. D. 1919, in front of the Court House door in Leon, Iowa, at the hour of 10 o'clock A. M. of said dav. when and where due attendance will be given bv the undersigned. Dated at Leon, Iowa, November 4, 1919. JOHN A. FULTON, 15-2t Sheriff of said county. Never forget the high cost of wor-

4. December 18, 1919 The Leon Reporter Leon, IA
Article from The Leon Reporter, December 18, 1919

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Article Text

Held Court Two Days. Judge Evans came over from Corydon last Wednesday evening and held court on Thursday and Friday, disposing of a number of cases, and returned home Friday evening. The grand jury completed their work and adjourned Friday, returning an indictment against William C. Hoover for seduction, and J. Cozad was indicted on the charge of embezzlement, growing out of the failure of the Decatur State Savings Bank. of which he was cashier. Judge Evans while here made an order that a venire of forty trial jurors be summoned for the February term of court, the jurors to report at 10 o'clock on Tuesday, Feb. 17th. The following cases were disposed of the past week: Law and Equity. C. S. Vaughn VS. Sciota Hickman et al. Final report of referees showing full distribution approved. Temple L. Fitts vs. C. B. & Q. R. R. Co. Settled and dismissed. W. H. Simmerman vs. C. B. & Q. R. R. Co. Settled and dismissed First National Bank of Grand River vs. F. A. Greenland. Settled and dismissed. Charles Girdner VS. L. H. Van Alstine et al. Default and decree for failure of defendants to plead. M. B. Kaplan vs. W. L. Barry. Settled and dismissed. Outcault Advertising Co. vs. Exchange National Bank. Settled and dismissed. Mrs. N. Bedell vs. Decatur State Savings Bank. Receiver authorized to sell notes on R. E. Ross for best price obtainable not less than $250. Claim of Lingo Bros., for $104.96 approved. Receiver allowed $1500 as part payment of services as receiver. Adeline Ryan vs. Myrtle Butler et al. Report of sales and referee's deeds to A. J. Caldwell and Alice Armstrong approved. Murrons L. Naylor VS. Benj. E. Akers et al. Decree quieting title. C. M. Akes vs. I. T. W. Kilgore et al. Decree quieting title. Ralph A. Sears VS. S. W. Sears et al. Decree of partition. Thomas W. Waller et al. vs. Wm. V. Waller et al. Decree of partition Ordilla M. Rvan et al. VS. James Payton et al. Decree quieting title. Leroy Harger vs. Thomas Iames et al. Decree quieting title. United States Tire Co. vs. Horney Bros. Dismissed. Stephen Varga VS. Nettie E. Motherway. Settled and dismissed. F. S. Stewart VS. Nettie E. Motherway. Settled and dismissed. American Book Co. vs C. H. Barrows. Settled and dismissed. Probate. Estate of J. E. Richards. Final report of administration approved. Estate of Mary E. Snow. Final report of administratrix approved. Estate of Mary Lantz. Appointment of F. A. Townsend administrator confirmed. Estate of Ella Poush. Final report of administrator annroved. Estate of D. S. Tapscott. Final report of administrator approved. Jennie Salsman appointed trustee without bonds to collect doubtful accounts. Guardianship of Pearl and Homer Briner. Order heretofore made set aside. Estate of Thomas and Catharine Harris. Order signed. Estate of John Officer Cowl. Final report of administratrix approved. Guardianship of John B. Hatcher. Order to pay mother of minor $60 for clothing. Estate of Henry Wion. Jennie L. Wion appointed administratrix with bond of $4.000. Estate of Henry Reed. Adminisrator authorized to sell War Saving Stamps and Bonds for payment of debts. Estate of Oliver Elefson. Edward A. Elefson appointed administrator with bond of $6,000.