Lost Nation Savings Bank - Lost Nation, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 29, 1932
Location: Lost Nation, Iowa (41.964, -90.818)

Metadata

Model: gpt-5-mini
Short Digest: 3679b510

Response Measures

None

Description

Article (Quad-City Times, 1932-12-29) reports the bank as defunct, suits filed by Louis Lein, receiver, and that the bank 'closed its doors' and a receiver was named. No run or depositor agitation mentioned. Cause inferred as bank-specific insolvency (receiver suing stockholders to collect deficits).

Events (2)

1. December 29, 1932 Receivership

Newspaper Excerpt: suits naming defendants ... filed ... by Louis Lein, receiver. ... The bank closed doors and Lein named ... receiver
Source: newspapers

2. December 29, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed and was declared defunct; receiver Louis Lein appointed and suing stockholders to collect deficits, indicating insolvency.
Newspaper Excerpt: the defunct bank Lost Nation ... the bank closed doors and Lein named ... receiver
Source: newspapers

Newspaper Articles (1)

1. December 29, 1932 Quad-City Times Davenport, IA

Article from Quad-City Times, December 29, 1932

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Article Text

Nation Bank Stock Suits Filed suits naming fendants and totaling filed district court, enport, today against stockholders the defunct bank Lost Nation by Louis Lein, receiver. Representing shares of stock the bank which capitalized $40,000. the suits also seek collect cent interest the amounts due from March 12, on claimed been The bank closed doors and Lein named all the suits obtained Wednesday Harry Brown, deputy United States shal. the defendants Davenport EHa Skelley named for Skelley named for $500. Others, the exception Collins, Cedar Rapids, living Lost Nation vicinity. They Albert George Creger, Dake, Collins, and defendants, Matilda Busch, $300: Bertha Busch, $300; H. Burrichter, Grundmeier, Caroline Hohn, $400; Jenkins, Carl $400 Rowe, $150: Ed Rutenbeck, Charles Schoff, $900; Schubert, Wiese, $300, and Charles