3341. Walker Savings Bank (Walker, IA)

Bank Information

Episode Type
Suspension ā†’ Closure
Bank Type
savings bank
Start Date
March 6, 1929
Location
Walker, Iowa (42.287, -91.781)

Metadata

Model
gpt-5-mini
Short Digest
0094e58580457986

Response Measures

None

Description

Articles indicate the Walker Savings Bank became defunct and a receiver handled its assets (receiver's deed dated 1929-03-06). There is no mention of a depositor run; instead the bank was in receivership and involved in court actions later in 1929. Classified as suspension_closure (suspension followed by permanent closure/receivership).

Events (3)
1. March 6, 1929 Receivership
Newspaper Excerpt
L. A. Andrew. Walker Savs Bank to Walker Trust and Savs. Bank receiver's deed lot 26 blk 6 Walker and personal property in bank on sd des $1.350. 3-6-29
Source
newspapers
2. March 6, 1929 Suspension
Cause
Government Action
Cause Details
State superintendent of banking (L. A. Andrew) acting as receiver; bank declared defunct and receiver handling assets.
Newspaper Excerpt
the defunct Walker Savings bank
Source
newspapers
3. December 12, 1929 Other
Newspaper Excerpt
Walker Bank Receiver Seeks To Recover $722 And Interest On Note - L. A. Andrew... has filed suit ... as receiver of the defunct Walker Savings bank to recover $722.24 and interest on promissory note delivered on July 2, 1927.
Source
newspapers

Newspaper Articles (2)
1. April 5, 1929 The Gazette Cedar Rapids, IA
Article from The Gazette, April 5, 1929

Click image to open full size in new tab

Article Text

REAL ESTATE TRANSFERS William E. Newman and wife to Lucinda Wisehart, Louise White, Bertha A. Kngiht and Maud E. Newland wd wly lots and blk Grubb's add Center Point $1 and val con Grantors reserve life estates in sd property L. A. Andrew. Walker Savs Bank to Walker Trust and Savs. Bank receiver's deed lot 26 blk 6 Walker and personal property in bank on sd des $1.350. 3-6-29 North View Land Co. to John H and Linda M. Schweitzer (husband and wife) as joint tenants and not as tenants in common and to the survivor of either meaning the survivor shall have full absolute title wd lot 134 North View add C R. (subj all and of record) $1 and val con 11-30-28. Pawnee Land and Imp. Co. Inc. to Mary E. Thillen an undiv 1-3 interest and Helen M. Thillen an undiv 2-3 interest wd lot blk Park View add C. R. (subj all covenants, conditions and restrictions of record) $1 and val con 11-30-28. Joseph Nejdl and wife to Edward Prochaska his wife wd lot aud plat 52 C. R. $1 and val con 3-26-29. John H. Brookman to Hatch and Brookman Co. wd 140 300 ft 90 115 23 ne ne sec (subj of record $1 and val con John B. Emery to city of C. R wd 20 535 ft 568 ft se nw and n 40 380 568 ne SW sec for public street $1 and val con 3-28-29. John B. Emery to city of C. R. wd pt nĀ½ sec for public street $1 and val con James H. and wife to John B. Emery 568 ft nw and 568 ft ne 3-18-29. C. R. Savs. Bank and Trust Co. to Coe college sp wd lots incl blk R. Imp. Co and pt blk aud plat 47 R. $1 and val con YORK BUTTER NEW Marrent No. TOLEDO SEED MARKET cash new LIBERTY MARKET fourth

2. December 12, 1929 The Gazette Cedar Rapids, IA
Article from The Gazette, December 12, 1929

Click image to open full size in new tab

Article Text

COURT HOUSE NEWS Walker Bank Receiver Seeks To Recover $722 And Interest On Note L. A. Andrew. state superintendent of banking, has filed suit against Mrs. W. M. Spencer et al. as receiver of the defunct Walker Savings bank to recover $722.24 and interest on promissory note delivered on July 2. 1927. The other defendants are Dr. W. H. Spencer and Mollie Knutz. The U. Hoffman Machinery corporation has asked the district court for writ of replevin on certain machinery sold to Christ Kuskulis, which is now in the latter's The plaintiff company asks for judgment for possession of the property, or judgment for the full value which it says is $350 The Hoffman company also seeks $100 damages for wrongful detention. charging the defendant defaulted in payment and refused to return the machinery.