3647. Peoples Savings Bank (Nevada, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
August 10, 1931
Location
Nevada, Iowa (42.023, -93.452)

Metadata

Model
gpt-5-mini
Short Digest
c58e122c

Response Measures

None

Description

Articles state the Peoples Savings Bank of Nevada was closed and had a receiver; final receiver's report was approved and provided for payment to depositors. No run or depositor agitation is mentioned. A former receiver was later accused but not indicted for embezzlement. Closure appears permanent (receiver involved and final report).

Events (2)

1. August 10, 1931 Receivership
Newspaper Excerpt
Bank Receiver's Last Report Approved ... the final report of the receiver of the closed Peoples Savings bank of Nevada. report provides for the payment of final ... to depositors.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership (receiver prepared final report and payments to depositors).
Newspaper Excerpt
the final report of the receiver of the closed Peoples Savings bank of Nevada. report provides for the payment of final ... to depositors.
Source
newspapers

Newspaper Articles (2)

Article from The Des Moines Register, August 10, 1931

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Article Text

from EVERY DOT Bryan Untiedt Appeals to Humboldt Residents of Humboldt have received an appeal from Bryan Untiedt hero of Colorado's bus tragedy last winter, for funds to erect memorial to the six school children who froze to death in the bus. Humboldt Merchants Sponsor Watermelon Day professional men of Humboldt will sponsor watermelon day Wednesday, when carload of iced watermelon will be served on Main st. Renwick to Celebrate Fiftieth Anniversary city of 491 population, will observe the fiftieth anniversary of its founding Aug. 20 and 21 with homecoming celebration, parades, ad dresses and sports events. Eagle Grove Pastor Preaches at Humboldt Rev. W. E. Warmes, retired Eagle Grove minister, occupied the pulpit at the Methodist church here Sunday, in the absence of the Rev. Share. $9,000 Is Subscribed on Waverly Bonds of Waverly have formally pledged themselves buy $9,000 worth Waverly Printing co. bonds. The company wants to sell $15.worth the city before it decides retain its publishing plant in Waverly. Keota School Board Employs Superintendent school board has employed J. Frank Church Cedar Falls as superintendent of Keota public schools at salary $225 month. There were 165 applicants for the position. Four Persons Injured When Car Leaves Road EAGLE GROVE Four persons were slightly injured Friday night when an automobile driven by Thomas Kenefick failed to make turn crashed through farm fence. Bank Receiver's Last Report Approved Buren Clock has signed an order approvGenevieve of Van ing the final report of the receivwas hurt Badly er of the closed Peoples Savings believed she will die. They bank of Nevada. report proreturning from swimming vides for the payment of final party. to depositors. Decorah Faces Water Storage Problem DECORAH- While city pumping station has been able keep pace with Increased demands for water here reservoir for storing it has become problem for the city council which Is considering the groblem of sewage disposal. Stuart to Have New Electroliers city council has approved contract with the Kaul Engineering and Construetion co. of Fort Dodge which calls Sunday for the rebuilding of the orna mental lighting system for the The contract price of the work is $2,668.


Article from The Sioux City Journal, September 25, 1931

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Article Text

FAR TO GET COAT AND $100 HE FORGOT Minn. -Special: In the M. Kirbey, of Preston, Ia., sure that he does not leave behind when on an autoThe weather was warm when Kirbey reached the station here he took off his drove forgetting it. coat was missing and he remembered where he had left it. Turning around, he drove back here. In the meantime, Bob Wheeler, at the oil station, found the coat and as its pockets were found to contain more than $400 in cash, he put the coat in a safe place awaiting word from the owner. Kirbey reached the station on his return trip early in the morning and claimed his coat and money. BANK RECEIVER IS NOT INDICTED FOR EMBEZZLING Nevada, Ia.-(P)-V. R. Semans, former receiver for the Peoples Savings Bank of Nevada and other closed Story county banks, was free today of charge of embezzling $1,000 from the local bank. The Story county grand jury ignored the case. County Attorney Jeffrey Hougan said no evidence against Se. mans was submitted to the jury. Semans was charged with embezzlement in March on information sworn out by Bruce Townsend of the state banking department. He was arrested in La Crosse, Wis., and bound over to the grand jury after hearing before Judge J. Y. Luke, of the Ames municipal court. He had been free on a $5,000 bond since July. as alternates. The squad and coach were scheduled to leave Ames today and to stop for practice coaching at several dairy farms en route to Waterloo.