Mccallsburg State Bank - McCallsburg, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 4, 1932
Location: McCallsburg, Iowa (42.166, -93.386)

Metadata

Model: gpt-5-mini
Short Digest: 4a89b053

Response Measures

None

Description

Article (Ames Tribune, 1932-02-04) names the Superintendent of Banking of Iowa and a receiver for the McCallsburg State Bank, indicating the bank was taken into receivership by the state. No mention of a depositor run in the provided text. Classified as suspension followed by closure/receivership (suspension_closure).

Events (2)

1. February 4, 1932 Receivership

Newspaper Excerpt: receiver the McCallsburg State Bank, A. Hougen and others.
Source: newspapers

2. February 4, 1932 Suspension

Cause: Government Action
Cause Details: State Superintendent of Banking placed the bank in receivership (receiver A. Hougen) per legal notice.
Newspaper Excerpt: the McCallsburg State Superintend Banking of the State of lowa and receiver the McCallsburg State Bank, A. Hougen
Source: newspapers

Newspaper Articles (1)

1. February 4, 1932 Ames Tribune Ames, IA

Article from Ames Tribune, February 4, 1932

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Article Text

LEGAL NOTICES IN THE DISTRICT COURT OF IOWA. IN AND FOR STORY COUNTY Dime Savings and) Trust Company and Katherine Durkin and Dime Savings and Trust Company. coexecutors the estate of Joseph P. Durkin deceased, successor in trust, Hannah Helland. Sa. die Sampson, Sam Sampson, Oscar O. Helland. Helen Helland, Bertha Strum, Isaac Strum, Levina Johnson, John O. Helland, Ivan Johnson, Hazel Helland, Clarence H. Helland, Minerva Helland. Moon, Ivoe D. Moon, Nail, lian Hauskins, Maurine Hauskins, Darlene Hauskins, Ge Hauskins, Thor O. Hegland. Administrator the Estate of the McCallsburg State Superintend Banking of the State of lowa and receiver the McCallsburg State Bank, A. Hougen and others. ORIGINAL NOTICE To each and all of the above named You and each of you are hereby notified that there now file in the office of the Clerk of the District Court of lowa in and for Story County, Iowa, the petition of the plaintiffs demanding personal Judgment against the defendants, Clarence M. Helland, Otis H. Helland, Minerva Helland, Blanche Moon, Hannah Helland, Sadie Sampson, Oscar O. Helland, Bertha Strum, Levina Johnson, John O. Helland. and Thor O. Hegland, Administrator of the estate of Olis Hegland. deceased. for the sum of $30,568.13 which amount justly due the plaintiff on six certain notes or bonds executed by Olis Helland on March 30, 1923, payable to the Dime Tavings Company and in amounts of $2000. $5000, $5000. $6000. $6000, and $6000, respectively and also on certain Interest coupons executed by the defendants named in this parapraph on March 1930. and due October 1931 the entire indebtedness being now due because of the failure to pay said interest coupons when due. said notes and interest herein. coupons being owned by the plaintiffs Plaintiffs will also ask for the foreclosure of the mortgage given to secure said by Olis Helland and Hannah Helland George W. Curtis, Trustee and also the extension agreement executed by the defendants namin the paragraph and their on March 1930. the mortgage having been executed March 30. 1923 and both instruments cover- ing. the North Half of Section 21, Township 85 Range 22 West of the Fifth M., Story County, Towa (except right way Minneapolis and St. Louis Railroad) and also the rents, profits, Plaintiffs issues also and crops said land. ask that be appointed to take charge receiver of the Mortgaged property and the crops and apply all rents. profits, Issues and crops upon the claim of the plaintiffs. No personal judgment is asked against any defendants except those named In the first paragraph of this notice but plaintiffs ASK that right title and Interest of all defend. ants In and to the mortgaged property. Junior and Inferior lien of plain. mortgages and the extension after The on execution that