Aetna State Bank - Oelwein, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1933*
Location: Oelwein, Iowa (42.673, -91.914)

Metadata

Model: gpt-5-mini
Short Digest: c68e1b42

Response Measures

None

Description

Multiple articles from 1933 refer to Aetna State Bank as being in receivership (real-estate deeds list 'Aetna State Bank, receiver' and a court article names it among closed banks). There is no explicit mention of a depositor run; the bank was closed and placed in receivership (government action). Earliest evidence of receiver is by March 1, 1933, so suspension likely occurred shortly before.

Events (3)

1. February 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (receiver handling real-estate transactions; county/state superintendent involved).
Newspaper Excerpt: the four lawyers now acting as attorneys for the receiverships of closed banks in Fayette county ... L. H. Sanford, Aetna State bank, Oelwein
Source: newspapers

2. March 1, 1933 Other

Newspaper Excerpt: Aetna State Bank, receiver Gramenz (Rec D) $750, ... (filed Feb.) - listed in real estate transfers showing receiver handling assets
Source: newspapers

3. September 14, 1933 Other

Newspaper Excerpt: E. R. O'Brien ... petition ... requesting that the four lawyers now acting as attorneys for the receiverships of closed banks in Fayette county be removed ... the banks they represent in Fayette county are as follows: ... L. H. Sanford, Aetna State bank, Oelwein
Source: newspapers

Newspaper Articles (3)

1. March 1, 1933 The Oelwein Daily Register Oelwein, IA

Article from The Oelwein Daily Register, March 1, 1933

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Article Text

PLACES TWO FIRSTS CONTEST Preliminary declamatory contest February 2S, eight o'clock, HazleSchool auditorium: Oratorical: "Amerien Americans" Freeman. "Masterful Man of the We Brenk Faith" (HazleButters. Vocal Butters. White Hands of ham" Voelker "Madame (Hazleton) Edythe (IndePostel. Clarinet Humorous: "Peter Prscents Project" Howell His Friends Gray First Go Glee Club. Judges Judges: Mrs. Idelle Lnmont; Miss Stella Taylor, Jane Denniston, Fayette. Schools represented: IndependOelwein, Stanley, REAL ESTATE TRANSFERS West Feb. and wife Andrew Dietzenbach and wife (WD) $5000. 2-24-33. SW NW ex parcel and NWSW and parcel adjóining in NESE Sec. 95 (Filed Feb. Aetna State Bank, receiver Gramenz (Rec D) $750, 15-32. Lot 12 Blk Martin 3rd Add Octwein (filed Feb. 25). Sheriff Erickson (Sher $531.73, W GU 183 and GO 15 ft Lot Clermont (filed Feb. 25). Graham, W. and wife ward Steffens (WD) NE (Feb. 25). Gurl and Berle Heggland and Ole Hegland to RussGeorge $375. 1-6-33. 1-2 SW NE and 1-2 SWNE 35 (filed Feb. 27). Smith, Peter G. of Assignee Jacob to H. Ganske (Deed) $1.00 2-16-33. Lots (filed Feb.

2. August 31, 1933 The Oelwein Daily Register Oelwein, IA

Article from The Oelwein Daily Register, August 31, 1933

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Article Text

CITY NEWS Slick to his home with illness. Weston spent yesterday with friends Arlington. and Mrs. Hillman of Hazleton were city shoppers today. and Mrs. H. Johnson were visitors in Arlington last evening. and Hurton spent the day with friends in Waterloo. Term. Sept. Stewart of Hazleton was business caller in the city yesterday. and Mrs. Chris were visitors in Waterloo last evening. --Adelle Smith of Independence city shopper yesterday ternoon. and Mrs. Arnold Lenius spent last evening with friends in Waterloo. McSweeney of Fayette business caller in the city yesterday. Manchester of Arlington business caller in the city yesterday. at Wildwood Wilson, 10 HeB. Monday, Lahor Day. Dan Oliver. John Clendenning of Hazleton business caller in the city Thursday and Mrs. George Burroughs attended the dance in Watlast and Mrs. Don Crawford spent Wednesday evening with friends in Waterloo. and Mrs. Victor Crawford attended the in Waterloo Wednesday evening. Peters of Summer spent yesterday in the city visiting with friends and relatives. -Carroll Reidel of Austin, Minnesota, guest at the Tom Theobald home Wednesday Underwood of Stanley spent yesterday in the city visitwith relatives and friends. George Morf of Los Angeles visiting friends in the city and also at Randalia. and Mrs. Swartz of Hazleton spent yesterday in the city visiting with relatives and friends. and Mrs. Davis of Strawberry Point are spending the day in the city transacting business. many friends of Mrs Frank Gates are glad to learn that continues to rapidly improve. to Mr. and Mrs. M. Don Rahe, Tuesday, baby girl. The little Miss will be known as Patricia Ann. and Mrs. Oliver King and family of Hazleton spent yesterday in the city visiting with relatives and friends. Imogene Fleihler returned to her home in Strawberry Point after spending few in the city with friends. Warning and son Dudley of Ft. Wayne, Indiana. are guests in the home of her brother. Mr. Ross Hayes and family. William Borchers returnhome last evening after spendthe past ten days visiting atives in Indiana and Illinois. George W. Thomas of St. Petersburg, Florida, arrived in the city for visit with her son, Mr. and Mrs. George Thomas. and Mrs. Harold Brinkand family or Sherburn Minnesota, are visiting with relathe city for few days. and Mrs. Harry Kemmerer are rejoicing over the al of an lb. baby daughter. Mothand daughter are doing nicely. and Mrs. E. Leibert returned to their home in after visiting with Mr. Leihert's Mardell Rhine. and Mr. Palmer of Chicago guests today AL the home of the former's parents. Mr. and Mrs. Earl Rhine Pearl Stauffer returned to her duties the Majestic Cafe to inday after ation spent at Hazleton and Clear Lake George Hart of Montevideo, Minnesola, returned to her home after visiting the past few days with her Mrs. Ross Hayes and family. Jessie Heath returned to the city last evening after spending the past ten days visiting relatives and friends at Rockford. chell. Monrose Center and Fairand Mrs. Carl Engler returned home last evening after spending the past ten days Chfrago attending the Century of Progress. They also visited relalives in Indiana and Illinois. many friends of Frank Mazziotti. carrier for the Oelwein Daily Register. will he klad to hear Dut he is rapidly ering from his operation and will be able to out again. following Indies attended the held at Strawberry noint vesterday Mesdames Glenn Kidd. Harold JamiLloyd Howard Davis. E. Meyer. W. Graham Frank Tousley. Pattison and Leaton. REAL to Flov JenUnings (WD) $1 date 8-18-33 Und 1-3 lots 106 107 Herriman's Add Jennings B. A. to Floy Jennings (WD) date 8-18-33 Und 1-3 SE & SW 22 93 Aetna State Bank. Receiver to Jne Graff date lot 16 block Grandview Add Oelwein (Receiver's D). Plaster. Albert W. wf to John Weiskirch (WD) date 7-24-33 SW 11 92 10. Norman K. wf Louisa Lauterbach (WD) date 8-29-33 lot block 11 Grandview Add Oelwein. Louisa to Norman Bruner (WD) $1 date 29-33 frl. NWNW American Arlington to Bessie Seedorf (Admr D) SW

3. September 14, 1933 The Oelwein Daily Register Oelwein, IA

Article from The Oelwein Daily Register, September 14, 1933

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Article Text

COURT REFUSES E. R. O'BRIEN'S PETITION E. R. O'Brien. Oelwein attorney. presented yesterday to Judge Eichendors a petition signed by D. W. Rates, state superitendent of banking. requesting that the four lawyers now acting as attorneys for the receiverships of closed banks in Fayette county be removed from their places and that Mr. O'Brien be appointed in their stead to bandie all five banks. Judge Eichendorf refused to make the order. saying that all attorneys now in those posts are familiar with the conditions in their respective banks. and that all are handling their work satisfactorily, SO that to remove them on account of their polities would be to make a political football of the bank situation. Before coming 10 hold court here Judge Eichendorf refused to make a change in Clayton county, where he was asked to remove D. W. Meier of Monona as attorney for a bank at Garnavillo. It is understood that judge recently removed tour or five Independence attorneys and gave the bank receiver attorneyships held by all of them to R. O'Brien of Independence The attorneys and the banks they represent in Fayette county are as follows: E. B. Shaw. State of Bank of Oelwein: L. H. Sanford. Aetna State bank. Oelwein: M. M. Cooney, Wadena Savings bank and State Bank of West Union: Mildred F. Crawford. State Bank of West Union and Randalia Savings bank. Mr. O'Brien stated that in order to qualify to handle the business of all five receiverships he had withdrawn from all cases in which he was appearing as attorney against any or the closed banks. The four attorncys for closed banks in Fayette county are all Republicans, while Mr. O'Brien is Democrat A flurry was caused when after Mr. O'Brien had filed the petition with Clerk Edgar A. Trueger. had presented it to Judge Eichendorf and had been refused the action requested. The petition found not to be on file either with the court or with the clerk. It's return to the clerk's files was at once requested by Mr. Traeger.-Argo CARD OF THANKS We wish to thank the many Oelwein friends and acquaintances for the beautiful floral pieces and sympathy extended during the death of our mother and grandmother. Mrs. Samantha Pickering. who passed away Sept. Sth its her home in SaMo. O. W. Pickering and family. F. M. Pickering and family. Adv.