State Savings Bank - Lamoni, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 25, 1933
Location: Lamoni, Iowa (40.623, -93.934)

Metadata

Model: gpt-5-mini
Short Digest: 05f09c75

Response Measures

None

Description

Articles (Jan–Feb 1933) describe a chattel-mortgage auction conducted by the closed State Savings Bank of Lamoni and reference the bank's receiver. There is no mention of a depositor run; the bank is already closed and in receivership and assets are being liquidated/sold. Cause of suspension/closure is not specified in the articles, so coded as 'other.'

Events (2)

1. January 25, 1933 Suspension

Cause Details: Articles indicate the bank was closed and in receivership; no specific cause (failure reason) is provided in the text. Assets being sold under chattel mortgage and reference to the bank's receiver suggest prior suspension/failure and liquidation actions are underway.
Newspaper Excerpt: The sale was held by the closed State Savings Bank, Lamoni.
Source: newspapers

2. January 31, 1933 Other

Newspaper Excerpt: With the bidding done, the clerks of the sale turned over ... as legal satisfaction of the bank's debt, the equipment turned back to Gilliland. The sale was held by the closed State Savings Bank, Lamoni. ... common understanding that some kind had been reached agreement the and the bank's receiver.
Source: newspapers

Newspaper Articles (3)

1. January 25, 1933 Bethany Republican-Clipper Bethany, MO

Article from Bethany Republican-Clipper, January 25, 1933

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Article Text

Invading Truckload of Men Take Charge, Clerk Leaves, After Wagon and Rack Sell for Only $1.50 The Iowa farmer trouble over mort gage sales about close BethSaturday could without tering Missouri, when invading truckload Farm from near Mt. Ayr Clearfield took charge of three miles west Lamoni, clerked and tallied the total made bank and then turned the prop erty which been sold, back to original owner. Hogs, sheep, calves, cattle, horses, mules and farm implements according reports which have been received Bethany tained from men attended the The sale was under chattel mort held by the closed State Savings Lamoni. The property belonged ant farm three miles west moni, just over the line Ringgold county, which Ayr the counseat. discharged for reported to have been rather large was being conducted under direction Zunkel, charge the bank's fairs, acting clerk the auction was to begin early the large crowd having hinted there might developments About o'clock truck filled with men have been Farm Bureau from Ayr and Clearfield driven lane leading from public road the spot was place. vented possible removal of The more men in the truck scended and called Zunkel aside for which lasted for time. Others did not learn what this talk, but that some kind of an agreement had between the and the bank's The began about being the first which bids The best was $1.50, and the wagon sold. Zunkel declined continue the and to find that could get only automobile out the he to up the ing the road, apparently intending trudge back Lamoni The which he group stopped him before conferred reached road, there another length held conference truck Following moved, and Zunkel drove away then proceeded with two other acting clerks. Implelivestock and ments rapid auction sold being completed in short length With the bidding done, the clerks the to the men cording the where present turned Zunkel the satisfaction the bank's legal equipment the farm turned back to Gilliland. was

2. January 31, 1933 The Gallatin Democrat Gallatin, MO

Article from The Gallatin Democrat, January 31, 1933

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Article Text

STRIKING TOOK CHARGE OF SALE AT LAMONI, IOWA At Chattel Mortgage Auction, Clerk Leaves After Wagon Rack Sell For Only The Iowa farmer trouble over sales got about close Bethany Saturday could withwhen an inof Farm vading from near Mt. Ayr and Clearfield took charge of sale three miles west and tallied the total bids at made settlement with bank then turned the property which been sold, back original the Bethany Republicansays Clipper. Hogs, sheep, calves, cattle, horses, farm implements according to reports which the have received Bethany obtained from men who attended the under chattel The sale was held by the closed State mortgage Bank, Lamoni. The Savings sonal property sold to Gilliland, tenant farm ram miles Lamoni, just three the in county, of over which Mt. Ayr the county The for ported to have been rather large The sale was being conducted under the direction Mr. Zunkel, charge closing up the who in bank's affairs, he was acting clerk the auction was to begin early in afternoon, and large crowd present, having been hinted there might be unusual developments. About o'clock truck filled with men said to have from Ayr and Clearmembers field was down private leading public road lane where the auotion the spot place. was parked in such that prevented the way The thirty or more men the truck called Zunkel aside for conference, which lasted Others did not learn for some what were made at this proposals talk, but was the common understanding that some kind had been reached agreement the and the bank's retween group, The sale began about o'clock, with wagon and rack being the first which upon The best was and asked. the wagon and rack were ansold. Zunkel then declined to continue clerk of the and started find that he could his of the lane. Abandoning to walk the lane to the road, trudge back Lamoni. tending The same group with which conferred stopped him before had he reached the road and there another conference some length held. Following this, stated, the truck was moved, and Zunkel drove away in car. The sale then with two other men acting as Implements and were and the auotion completed in short length With the bidding done, the clerks of the sale Lamoni, cording the present at the farm, men where the turned over Zunkel as legal satisfaction of the bank's debt, the equipment turned back to Gillithe farm was land.

3. February 3, 1933 The Leader Craig, MO

Article from The Leader, February 3, 1933

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Article Text

Farmers Hold Sale Prices Down. The Iowa farmer trouble over mortabout close to sales got as gage it could without Bethany Saturday as when invading Missouri, an entering Bureau men from truckload of Farm Clearfield took Mt. Ayr and near charge of sale three miles west of tallied the clerked it and Lamoni, made settlement total bids at $64.00, with bank and then turned the propback to its had been sold, which erty original owner. cattle, horses, sheep, calves, Hogs, were in and farm implements mules the sale, according to reports which Bethany as obbeen received at have attended the men who tained from sale. The sale was under chattel mortState Savings the closed held by gage The personal propbank, Lamoni. Gilliland, sold belonged erty west of three miles tenant of farm line in Ringthe Lamoni, just over is the which Mt. Ayr county, of gold discharged for The debt county seat. been rather to have $64 is reported large one. conducted unsale was being The Zunkel, who of Mr. the direction der the bank's of closing up in charge clerk of acting as and he was affairs, the sale. in to begin The auction was crowd was and large the afternoon, hinted there having been present, might be unusual developments. filled with o'clock truck About Farm Bureau have been men said to and Clearfield from Mt. Ayr members lane leaddown private was driven the spot road to from public ing where the auction was to take place that in such way It was parked removel of the possible prevented automobile. Zunkel's the truck men in The 30 or more Zunkel aside and called descended lasted for which conference, for did not learn time. Others some at this made were what proposals underthe common talk. but was kind of an agreethat some standing between the been reached ment had group, and the bank's receiver. o'clock. began about The sale the rack being and with wagon bids were which first articles upon and best bid was asked. The announced and rack the wagon sold. continue declined to Zunkel then started to and of the clerk he could not find that only to leave. the lane automobile out get to walk up he started Abandoning road. apparently lane to the the to Lamoni. back to trudge tending which he had with same group The before he him stopped conferred another and there the road, reached length conference the truck is stated. this. Following drove away and Zunkel car. with two then proceeded The Impleas clerks. acting other and put up and livestock ments auction the rapid succession, sold length of short completed in being time. the the bidding With proceeded to of the sale of the cording farm. where the present to Zunkel turned the bank's of the satisfaction legal of the farm and the equipment debt. turned back February Jury Panel Drawn. The county court, in session this week to pick the petit jury for the term of circuit court next month. handled other details of business as follows: The $1,000 bond of George E. Gelvin, school attendance officer, was approved. Mr. Gelvin was appointed some time in December by Frank Smith, county superintendent schools, and the appointment was confirmed by the court. The attendance officer is appointed by the counthe salary formsuperintendent; $200 but the court erly was year, that the official shall be has ruled at the rate of day plus paid mileage for each day actively engaged in service. sold 1,012 acres of bar The court land at $1.85 acre to number of per buyers. The court also approved the appointments of W. Laukemper constable for Lewis township. deputy and Arthur Grube as deputy county surveyor, the latter recommended by Gillis. No bonds are required in these two offices. The petit jury consists of the following: Siekman. Crawford, George Burge, Gaskill, W. Swope. Riemold, Ed Gibson, John Smith. Schaeffer, A. Lyons. Sahlin, Abe Pullen. Yetter. E. Radley, Will Moore, John Moore. Bayha, Hugh Richards. Scott. Griser. Markt. Cook, Henry Nordloh, Herman Ideker. The persons named below are desalternate petit jurors and as recorded and numbered conseare twenty-four incutively from one to Stadalman. Bickel. Wilson, Ira Dunham, Boyles. Harold Lisle. Huiatt, Dale McIntyre. Waggoner, Thos. the final examination, pupil must Meyer. full in the class Hud- spend two years Black, Clay and pass satisfactorily the quarterly gins. examinations each quarter. Shull. Certificates of attainment will be Noellsch, Guy Ensor, issued all pupils who pass examinaSam Schulte. and make satisRoy tions satisfactorily factory class grades. Shutts. The manner of giving the final Ball. will be amination for class pupils Ramsey. Boswell. announced and certain places in the W. Strick- county will be provided where all Troupe, for the examination may ler. Andy Sentinel. eligible