3511. Iowa City Savings Bank (Iowa City, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 20, 1932
Location
Iowa City, Iowa (41.661, -91.530)

Metadata

Model
gpt-5-mini
Short Digest
93570577

Response Measures

None

Description

Articles indicate the Iowa City Savings Bank closed in January 1932 and was placed in receivership; subsequent articles describe receiver actions, lawsuits, RFC loan listings, and asset conveyances through 1933–1934. No article describes a depositor run prior to suspension, and the bank remained in receivership/closed, so classification is suspension_closure. The suspension appears to have been effected/handled by the state banking department and superintendent (government action).

Events (5)

1. January 20, 1932 Suspension
Cause
Government Action
Cause Details
Closed and taken into custody/operations halted with authorization/involvement of the state banking department (closure reported Jan 22, 1932; bank 'closed Wednesday').
Newspaper Excerpt
tional or the Iowa City Savings banks, which closed Wednesday leaving the city without banking fa
Source
newspapers
2. February 5, 1932 Receivership
Newspaper Excerpt
Receiver Empowered To Approve On Iowa City Savings ... Andrew, superintendent banking in Iowa, as receiver for the Iowa City Savings bank, received general authority Friday morning in an order signed in district court ... to allow, confirm and approve ... offsets ... the receiver will have the authority to proper credits upon the indebtedness of the parties.
Source
newspapers
3. July 21, 1932 Other
Newspaper Excerpt
BANK RECEIVER PREMIUMS FILES ... Eighteen petitions seeking the recovery of total of promissory notes were filed in district court Wednesday Andrew, receiver for the Iowa City Savings bank.
Source
newspapers
4. June 2, 1933 Other
Newspaper Excerpt
Iowa City Savings bank, Iowa City (receiver). $35,000: ... listed among RFC loans authorized to institutions (not disbursed) indicating receiver status and RFC involvement.
Source
newspapers
5. October 30, 1934 Other
Newspaper Excerpt
Application ... directing him to convey to the Abraham Life Insurance company the following real estate ... said Application has set hearing ... Nov 5, 1934 ... BEN SUMMERWILL BATES SUPERINT OF THE STATE OF IOWA, RECEIVER OF IOWA CITY SAVINGS BANK OF IOWA CITY.
Source
newspapers

Newspaper Articles (12)

Article from The Courier, January 22, 1932

Click image to open full size in new tab

Article Text

tional or the Iowa City Savings banks, which closed Wednesday leaving the city without banking faIn the meantime the committee announced that office of the People's Savings bank of Cedar Rapids will be opened Saturday with authorization of the state banking department to cash checks and accept savings and checking deposits.


Article from Iowa City Press-Citizen, February 5, 1932

Click image to open full size in new tab

Article Text

Receiver Empowered To Approve On Iowa City Savings Andrew, superintendent banking in Iowa. as receiver for the Iowa City Savings bank. ceived general authority Friday morning in an order signed in trict court Hon. Popham, to allow, confirm and approve, from time to time, any and all off-sets held by parties indebted to the ceivership of the bank that are certained by him be correct. further stated that the receiver will have the authority to proper credits upon the indebtedness of the parties.


Article from Iowa City Press-Citizen, July 11, 1932

Click image to open full size in new tab

Article Text

Bank Receiver Gets Judgment for $513 Judgment in the sum of promissory note awarded receiver the Iowa City Savings bank. against Frank Jiras, and Anna Jiras, in dietrict court Saturday. judg ment was default of the fendants.


Article from Iowa City Press-Citizen, July 21, 1932

Click image to open full size in new tab

Article Text

BANK RECEIVER PREMIUMS FILES Asks Recover of $48,492 Committee Members Will Due Iowa City Meet Saturday For Savings Decisions Eighteen petitions seeking the recovery of total of promissory notes were filed in district court Wednesday Andrew, receiver for the Iowa City Savings bank. Most of the promissory notes sued upon were made the former Commercial State bank here. and later transferred and assign. to the Iowa City Savings bank. The suits filed, Messer and Nolan, Long and Davie, attorneys for the receiver. The in the actions and the total amounts asked of each. are follows: H. Black, Ernest H. Hall, Roy $275: M. and Harmon. $190; Christy and Addie Coffey and H. Wingert. $300: Emert Jacobs and Mrs. Clara $120: George D. Webb Hughes and Donohue, Ruth Campbell. Williams. $1,250; Joe $200: John Eisenhofer. Frank and Jessie Samuel Hunter. and Charles M. Secrest, $1,250. Premium list for the 1932 son county 4-H club show will be compiled meeting at o'clock Saturday night, July 23rd. at the farm bureau office in the postoffice building The members of the boys' livestock club committees will meet with Mr. Emil Meyer. county boys club and County Agent Lysle Duncan. The boys' club committee. ap pointed by Mr. Meyer and approved Mr. Glen Hope. farm bureau president. are as follows: Baby beef: Emil chairFrank Crow. Yoder. Glen Burr and George Liljedahl. Beef heifer: Fred Stock. chairman: Slemmons Birrer. Dairy heifer: chairman; George Mueller, Fuhrmeister. Purebred pig: R. chairman: John Miller. subchairman: Snider and Harvey Michel. Market pig and litter: R. Williams. chairman: Winborn, sub-chairman; Reeve and Alton Zeller. Sheep: Joseph Miltner chairSchwimley and George Black. The farm bureau officers are the officers of the 4-H club show. and are follows Mr. Glen Hope, president; Mr. Glen Burr, vice president: Robert Spencer, and John Thomas, treasurer.


Article from Iowa City Press-Citizen, July 23, 1932

Click image to open full size in new tab

Article Text

Andrew Asks Recovery of Loaned Six Notes Six additional suits promissory notes totaling were filed Friday the office of the clerk of the district court receiver the Iowa City Savings bank. Eighteen petitions were filed here The defendants and the amounts recovery asked are follows: Georgia Jones. $482.Cooper. Burns, Lawrence Burns, Roy Bulechek and Frank William and Martha Vondrasek. Sipple and Frank Fairall and Minnie Fairall, $1,148.13. All but one of the promissory were executed the former Commercial State bank here and transferred and assigned the Iowa City bank. The William and Martha Von drasek made the Iowa City State bank. and later transferred to the Iowa City Savings. The petitions filed Mes and attorneys for the ceiver.


Article from Iowa City Press-Citizen, July 25, 1932

Click image to open full size in new tab

Article Text

Bank Receiver Files Two Petitions Asking Recovery Money Due Two petitions seeking to recover sums money alleged on promissory notes have been filed the office of the clerk of the district court by Andrew. ceiver of the Iowa City Savings bank. Judgment in the sum of $2,322 asked the Hartnell Lang, Fred Hartnell Lang. and William Cash promissory notes executed by Hart. and Lang to William and assigned to the Iowa City Sav. The receiver also asks judgment $248 of the defendant. WH! notes, executed Kirkpatrick, H. Donohue Lewis. trustees. for $98 second for $150 the former Commercial State bank.


Article from Iowa City Press-Citizen, December 20, 1932

Click image to open full size in new tab

Article Text

F. C. LOANS APPROVED FOR THREE BANKS Expect Funds Will Be Available to Pay Out Cash in January to and Loans to approved Loans to Local Banks The of made to the lowa City banks follows Johnson Savings City Savings and the Citizens and Trust company The R. has approved for for payment of dende in banks early in Janu ary, this fund to be matched by like of the banks liquid as The three other loans made to are Farmers Savings bank Meservey Commer dal State bank of Independence $40,000 and the Farmers Savings With the aid of the R. loans. the disbursement of more than in the form of per cent dividends from the three closed banks will be made early in Jan has been This money. plus the $75,000 dividend of the Farmers Loan and Trust com pany Wednesday will bring the to tal near the half million mark The dividends will represent the third 10 per cent from the Johnson County Savings bank. the second from the Citizens Savings and Trust company and the first 10 per cent disbursement from the lowa City Savings hank Thirteen thousand one depositors will bene fit by the coming dividends from the four local banks Necotiations for the loan from the Finance corpor ation have been carried on by Mr Summerwill for the last five weeks The application was approved at the Des Moines and Chicago offices and then forwarded to Washington for final approval. made Monday what advance of the three other banks in the state loans. in the matter of receiving the monannounced by Asst Atty Gen Earl Wisdom legal adviser to Mr L Andrew superintendent of banking due misunderstand ing The approval of the loans sought from the R. F. C. for the three lows City banks ed in the Johnson county district court before the assets of the banks had been submitted to the R. Court actions approving the loans made to the three other Iowa banks have not yet been started


Article from Iowa City Press-Citizen, March 28, 1933

Click image to open full size in new tab

Article Text

DEEDS Furnished County Abstract company and Security Abstract company. Joanna Oakes to William B. Oak QCD Dated 2-23-33. Filed_ 3-2433, SW% SE% of N½ SE% SE% off east side SE% Sec. NW% 10 acres SE% NW% Sec. 9-80-8. Con. Subject to life estate. Florence M. Oakes to William B. Oakes, QCD Dated 2-28-33, Filed N½ SE% acres off east side SE% Sec. North acres of SE% of 9-80-8. Con. $1. William B. Oakes and wife to Joanna Oakes, QCD Dated 2-28-33, Filed 2-24-33, SE% SE% Sec. NE% NE% and North 10 of SE% NEW of 9-80-8. Con. Clara M. Shultz, by sheriff, to A. Andrew, receiver, Iowa City Savings bank, Shf. D. Dated 3-1333, Filed 3-27-33, Lots to inclusive, Block Black's Park Addition, Iowa City, Ia. $5,297.45.


Article from The Daily Nonpareil, June 2, 1933

Click image to open full size in new tab

Article Text

R. F. C. LISTS LOANS TO IOWA INSTITUTIONS The following loans were authorized by the Reconstruction Finance corporation to Iowa institutions during April, the corporation reported today: Amber Savings bank, Amber, $7,000 (X): Lee County Savings bank, Fort Madison, $35,000 (X); Menlo Savings bank, Menlo, $22, 000; Monticello State bank, Monticello, $120,000 (X): Russell State ers Savings bank, Wever $20,000; Dike Savings bank. Dike, reinstated loan for $25,000 previously cancelled; Guaranty Life Insur- ance company of Davenport, $220,000; Burlington Joint Stock Land bank, Burlington, $425,000 (X); Regional Agricultural corporation Sioux City, $4,368,597; loaned Iowa at governor's application for emergency. relief $515,300 (X); loaned Montezuma, $9.700 (X). (X) Not been disbursed up to May 15. Iowa loans authorized but with drawn or cancelled between July 21, 1932 and March 31. 1933: Clinton Savings bank, Clinton (receiver) $105,000; Iowa City Savings bank, Iowa City (receiver). $35,000: Commercial National Iowa loans withdrawn or cancelled in part, with amount cancelled or withdrawn: United States bank, Dyersville, $5,000; Grinnell State bank, Grinnell, $16,039; State National bank, Iowa Falls (receiver), $22,000; Security Savings bank, McCallsburg, $2,600; Cedar Rapids Life Insurance company, Cedar Rapids, $850; Des Moines Joint Stock Land bank, Des Moines, $1,376; Regional Agricultural Credit corporation, Sioux City, $600.


Article from Iowa City Press-Citizen, August 22, 1933

Click image to open full size in new tab

Article Text

ESKIMOS TO GET RECIPES They May Learn Meaning Of Dyspepsia in Greenland Dyspepsia and finicky appetites are probably in store for Greenland Eskimos. Late news dispatches from Copenhagen state that cook book of 450 recipes has been compiled to inject novelty into the simple Eskimo diet. The volume will be translated into the native Greenland dialect. "Igloo Cookery Presents Few Problems." according to bulletin from the Washington headquarters of the National Geographic society. "The Eskimo wife has never known the strivings of her white sister to excell as fancy cook.' Her husband has never regaled her with tales of the pies his mother used to bake, for he has never tasted pastry or candy of any sort in his life. Meat is his almost unvarying food. The meat of the polar bear, seal, walrus, caribou, white whale, narwhal. and musk oxen are all palatable to him. Equipment Simple "The average Eskimo bride starting housekeeping in new igloo needs only four things in the way of furnishings: A meat knife, lamp. cooking pot. and sewing kit. The burning lamp, which also serves as a stove, is usually near the entrance to the hut. Suspended from the ceiling above it hangs large soapstone cooking pot from which comes the aroma of boiling seal-meat. At the sound of the sleds returning from the day's hunting expedition, the Eskimo wife, crouching over the stove, stirs the pot of simmering seal-meat for her husband's supper. "Dropping for an evening meal with an Eskimo family, one would see old and young on their heels, and each ready with a knife. Each member of the group takes piece of juicy, cooked seal or walrus meat in his left hand. shoves into his mouth and seizes strip between his teeth. With deft stroke the knife he cuts off mouthful. just at the lips. Oftentimes liver and blubber are held in each hand. and eaten alternately. The meat is washed down with draughte of ice-cold water. Fruits, Vegetables Absent "Fruits and vegetables are unknown items in the diet of the Eskimo. When the meat supply is exhausted. the Eskimos gather rockweed and kelp. and dig the bark of willow bush out of the frozen soil. This is cooked into jelly in the soapetone This food. however, is not pleasing to the Eskimo palate, and is eaten only to stave off starvation when more desirable food is unobtainable. The nearest approach to ordinary vegetable consumed by the Eskimo is the semi-digested moss found in the stomachs of the caribou. This material becomes the Eskimo's 'greens Fish eaten either boiled or raw offer variety to the menu. Clams are also included in the seafood dishes of the Greenland Eskimo. He obtains them via stomach of some freshly killed walrus who has just feasted upon the mollusks Stuffed head of walrus' is un doubtedly the subject of at least one of the new recipes designed for the Greenlanders. They are fond of the unadorned head, and could possibly cultivate taste for an elaborate preparation of it. Spring Brings Changes "In the spring, the dovekie. or little auk. appears. This means another dietary change for the natives. Through the summer hundreds of these birds are netted and stored for food during the long winter months. The eggs of the elder duck. the brant goose, and the gull are the objects of an intense search near the end of June each year. The family egg supply for the coming winter is stored in stone caches, where the eggs become chilled first, and then frozen They remain in this condition until eaten in the winter. Not all of the eggs collected are stored. however, for the Es kimo wife prepares an egg sausage sometimes using as many as 300 eggs to one sausage. The eggs are broken and poured into a washed seal intestine, and in this state are eaten from time to time through out the winter." The first American expedition to the Arctic left Philadelphia in 1753 NOTICE OF HEARING IN THE DISTRICT OF IOWA, AND FOR JOHNSON W. Bates Superintendent Bank ing of the State of Iowa, Plaintiff Iowa City Savings Bank of Iowa Defendant TO THE CLAIMANTS THE CITY SAVINGS BANK IOWA: AND INTERESTED IN SAID YOU ARE HEREBY NOTIFIED that there in fice the Clerk Court of the Iowa City Savings Bank alleging that Leo Kessler indebted receivership approximate amount of $2700.00 has proposed make said for the sum of that said ceiver that would be the best interests said receiver YOU ARE FURTHER NOTIFIED that has set the date the hearing said on 29th day the Room the Court House Iowa County, may appear cause, there why the prayer of said application be not Receiver the City Savings Bank of Iowa City, Iowa.


Article from The Daily Nonpareil, April 23, 1934

Click image to open full size in new tab

Article Text

BANK RECEIVER'S WIFE ENDS LIFE BY HANGING IOWA April 23, Mrs. Grover Watson. 46, wife of the cashier of the former Iowa City Savings bank, committed suicide this morning hanging. Her body was found by neigh George Maresh, county coroner, gave ill health as the


Article from Iowa City Press-Citizen, October 30, 1934

Click image to open full size in new tab

Article Text

To: the depositors and all persons in. in the and assets Iowa City Savings Bank of Iowa City. WHOM IT MAY YOU ARE HEREBY NOTIFIED. That there now on file in the office of the Clerk of the District Court of D. County, Bates, fowa, the Application Banking of the State of Iowa, and Receiver said Iowa City Savings Bank Town City, Town, asking for an order this Court and directing him to convey to the Abraham Life Insurance pany the following real estate situated in Johnson County, Iowa. towit: The North one hundred ten (110) of Lot Four (4) part of the Northeast of the Quarter of Section Sixteen Township (79) North, Range Six (6). West the 5th to the Plat in Book 3, page 100. of the Plat Records of Johnson County, Iowa, excepting therefrom an for driveway purposes over the South five feet thereof for the benefit of the owners of the South forty (40) fedt Lots three (3) and (4) In said Triangle Place and their grantees, and therefrom an casement for driveway over the west five (5) feet (110) the North hundred Four (4) for ten the benefit feet of said owners of the North one hundred ten (110) feet Lot Three (3) in said Triangle Place and their granalso an over the East five (5) of the north one fifteen (115) feet Three and over forty the north feet five (5) feet of the South (3) (40) of lots and four (4) in said Triangle Place. driveway shown Place,- on said Plat of Triangle on the terms as set out In said Appliwhich your to be to the best of all and to which now on file, you are referred for further You are further notified that said Application has set hearing fore said Court on the 5th day November, 1934, nine said day to at the Court In the Court Room in Iowa City, Johnson County, Iowa, at which time you may appear and show cause. If any have, why said Application should not be granted as prayed for BATES therein. SUPERINT OF THE STATE OF RECEIVER OF IOW CITY INGS BANK OF IOWA CITY. IOWA.By Ben Summerwill Oct.