Lamont Savings Bank - Lamont, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 22, 1933
Location: Lamont, Iowa (42.599, -91.642)

Metadata

Model: gpt-5-mini
Short Digest: dc8160bf

Response Measures

None

Description

Article (The Courier, 1933-09-21) lists Lamont Savings Bank among three state banks whose receivers' attorneys were removed; the bank is in receivership/closed. No run is mentioned. The district court removed attorneys on Aug. 22 (reported Sept. 21, 1933), so I use that as evidence of ongoing receivership/closure.

Events (1)

1. August 22, 1933 Receivership

Newspaper Excerpt: The three banks from which they were as attorneys are the bank of Independence and the Lamont Savings bank and the Farmer's State bank of Lamont.
Source: newspapers

Newspaper Articles (1)

1. September 21, 1933 The Courier Waterloo, IA

Article from The Courier, September 21, 1933

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Article Text

BANK'S RECEIVER INDEPENDENCE IS ASKED TO QUIT Lawyers for Closed State Institutions Object to Removal by Court. (Courier Special Independence, Ia.-W. D. Jenkins, receiver in charge of the Buchanan County National bank here, has received request from Washington for his resignation as receiver. Mr. Jenkins has been in charge of the affairs of the bank since the closed in July 1932. No definite has been as to who will be his successor, but here that will be Ed Everett, cashier of Fairbank State bank. Law Firm Fights Ouster. Judge George Wood after a hearing in the district court here on Wednesday took under advisement the case of Molloy Smith, local firm attorneys, which objected to removal as counsel for the receivers of three State banks in Buchanan county. They were removed on the order of Judge Wood on Aug. 22, and R. J. O'Brien Democrat, was appointed in their place. Molloy & Smith objected to the proceeding on the grounds that the action was done without proper hearing and asked that the order removing them be set aside and that they be allowed hearing Banks Here and at Lamont. The three banks from which they were as attorneys are the bank of Independence and the Lamont Savings bank and the Farmer's State bank of Lamont.