Le Claire Savings Bank (Le Claire, IA)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
October 13, 1930
Location
Le Claire, Iowa (41.599, -90.343)
Bank Type
savings

Metadata

Events (5)

1. October 13, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had a deficit in its accounts and insufficient funds, prompting suspension and assessment actions against stockholders.
Newspaper Excerpt
LeClaire Savings bank, which suspended business on Oct. 13
Source
newspapers
2. October 17, 1930 Receivership
Newspaper Excerpt
Alfred Mueller Named Attorney Bank Receiver ... receiver of the Le Claire Savings bank which suspended operation Monday ... Andrew, state banking is the receiver.
Source
newspapers
3. December 15, 1930 Other
Newspaper Excerpt
Assets of Defunct Savings to Go at 10 to 88 Cent of Par. An order of court authorizing Andrew, state banking and receiver ... to dispose of bonds ... signed today by District Judge Scott.
Source
newspapers
4. March 30, 1931 Other
Newspaper Excerpt
An inventory accounting for liabilities and like amount in assets of the LeClaire Savings bank, which suspended business last fall, was filed ... by Andrew, state of banking and receiver in charge.
Source
newspapers
5. December 18, 1931 Other
Newspaper Excerpt
BANK OF LE CLAIRE TO PAY DIVIDEND OF 15 PER CENT ... A 15 per cent dividend payment to depositors of the LeClaire Savings bank of LeClaire, Ia., that closed a year ago, was authorized today by District Judge W. R. Maines on application of L. A. Andrews, superintendent of banking in charge of affairs of the bank.
Source
newspapers

Newspaper Articles (14)

Article from Quad-City Times, October 17, 1930

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Article Text

Alfred Mueller Named Attorney Bank Receiver Appointment of Alfred Mueller, Davenport, as attorney for the receiver of the Le Claire Savings bank which suspended operation Monday, was made today by Judge Scott on of state banking department of Iowa. Andrew, state banking is the receiver.


Article from Quad-City Times, November 10, 1930

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Article Text

66 Stockholders in Defunct LeClaire Savings Bank Sued For $25,000 to Cover Deficit individuals and and controlling 250 shares of the capital stock of the LeClaire Savings bank, which suspended business on Oct. 13, were named defendants in suit to collect 100 per stock assessment the deficiency, filed district court today by Andrew state superin tendent of banking. thru his special attorney Alfred Mueller the naming the signed by Judge W Scott granting the W state superto bring from upon num held by the individ and Claims of depositors, exclusive of bills payable pending against the total accordin Mr. Andrew The existing collecall exclusive of the assessment, the stated names of and the numbers respective shares court asked levy assessment John Auliff LeClaire share: Balley Davenport, Banta, DeWitt Boege, shares Henry Boeh, Barnes, share Claude Brown, Brown, George Bucks, Carroll, shares Frank CaverGeorge Olivia 19 shares Clark, Claire, shares. Danson, Princeton, Frank Hartz, Davenport, J. Henry, shares: W. Hileman, George W. Holst, Claire, shares: James Holst, Day shares: Henry Jugen estate, shares: John Kylor estate, share George Leamer Loppold, shares; James LeClaire, shares LeClaire, share; McFate share Meyer estate, Ger trude Davenport, 1ยฝ Lily Parmele, Davenport, E. LeClaire, shares; Waltimore Rathman, Claire, shares; Jessie Ryan, Claire Simonson, Port Byron, Margaret Schaffer Port Schutter Pleasant Valley, Schworm, Fred Schutter, Pleasant Valley, share George Schurr, shares Simpson 15 shares Sidlinger, LeClaire, Lola B. Spinsby, Burke Idaho, shares: Gustav Stueben, Davenport, Alice shares LeClaire, shares Lizzie Smith, Sylvester Seargeant, Dav John 1ยฝ Frank Suit LeClaire, shares; D. H Snoke Davenport, shares: Schaf Princeton, Stone, share H. H. 4ยฝ shares Weismann, Mary Wilson, Ind., shares; Ralph Wilson. shares, and the Thomas White estate, shares.


Article from Quad-City Times, December 15, 1930

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Article Text

RECEIVER IS AUTHORIZED Assets of Defunct Savings to Go at 10 to 88 Cent of Par. An order of court authorizing Andrew, state banking and receiver in charge the defunct LeClaire, bank to dispose of bonds the institution signed today by District Judge Scott. The bonds will be sold from per cent their value, the application submitted


Article Text

FUND PREFERENCE Cemetery Association Objects to Bank ceiver's Report. Funds of the LeClaire Cemetery briefly introduced Tennant. association deposit the de- Wilson, Chicago, present funct LeClaire Savings bank are the meeting. entitled be classified preferred claim, according objecHUSBANDS FOLLOW tions filed the WIVES TO COURT torneys, attacking the final report FOLLOWING FIGHT Andrew, state banking and receiver in charge On Feb. Marrion Rusch. institution. 2809 Telegraph road, caused the The relationship between the of Chadd, arrest sociation and the according charge objections filed assault and battery. Today that debtor and credChadd police court to deposits were never Marrion Rusch for tended withdrawn but sault and battery. remain permanent the parties appear petual funds for the and court again, going the cemetery Police Magistrate McSwiggin The association had between them this morning. $3,000 on deposit with Chadd declared Rusch asked him the bank when the latter suspended had his dog and when he seen business. The receiver charge didn't care what told the liquidating of the bank has his dog. Rusch swung happened disallowed and the claim him. Rusch denied the charge and the association now declared Chadd hit him and the matter the court.


Article Text

Bank Receiver Is Granted Judgment judgment for against Katherine and William Ranson of LeClaire in an action brought by receiv er for the LeClaire Savings bank filed in the Scott county dis trict court today. foreclosure sale of property the defendants in LeClaire ordered on the judgment. Mueller attorney for the the judgment being signed Judge W. Scott.


Article Text

REPORT Receiver in Charge of Claire Institution Lists Assets, Liabilities. An inventory accounting for liabilities and like amount in assets of the LeClaire Savings bank, which suspended business last fall, was filed the office clerk the district court today by Andrew, state of banking and ceiver charge. The liabilities include in deposits and bills able. Among the assets in bills and bonds and securities. dividend cents the dollar was paid depositors recently promise that additional idend will be paid


Article Text

BANK RECEIVER'S INVENTORY WINS COURT APPROVAL An inventory listing the assets and liabilities of the defunct LeClaire, la., Savings bank, filed by L. Andrew, state superintendent of banking and acting receiver in charge of the institution, was ap proved Saturday by District Judge W. R. Maines.


Article Text

BANK RECEIVER'S SECOND REPORT IS APPROVED BY COURT The second report of drew, state superintendent of banking, and Chas. Bosier, exam iner in charge of the defunct LeClaire Savings bank, listing ceipts of March approved late Wednesday district Judge Scott.


Article Text

BANK RECEIVER TO CLAIMS Andrew, state superintend banking and receiver charge the LeClaire, Savings bank. authorized today by District Judge Maines enter compromise settlement John and Lena Fletcher looking toward liquidating claims totaling $7,200 held by bank. The involves retirement of mortgage the paying of crued gage of $3,500 and Issuing of mortgage for


Article Text

GIVE LANDS TO PAY MORTGAGES Edward Viager, owes the defunct LeClaire Savings bank 100 has turned the properties involved Andrew, superintendent banking and charge the and the latter has agreed to cancel the district court reported late Monday by Judge Maines. Alfred Mueller for the bank receiver. attorney


Article Text

CLAIRE BANK FILES HIS THIRD REPORT Andrew, state superintendand receiver charge defunct LeClaire filed his third report in ings bank, District Judge Maines' court today. The report, prepared Chas. Bosier, examiner in charge the liquidating of the institution, approved the court. Alfred Mueller attorney for the aminer and receiver. The report, covering transactions June lists including cash hand.


Article Text

BANK OF LE CLAIRE TO PAY DIVIDEND OF 15 PER CENT A 15 per cent dividend payment to depositors of the LeClaire Savings bank of LeClaire, Ia., that closed a year ago, was authorized today by District Judge W. R. Maines on application of L. A. Andrews, superintendent of banking in charge of affairs of the bank. The new dividend is in addition to 40 per cent dividend already paid depositors of the institution. The report by Mr Andrews, filed with application recommending the new dividend, states that just claims of the bank have been paid and that there are ample funds to permit paying of the 15 per cent dividend. Alfred C. Mueller is at torney for the bank superintendent.


Article Text

REDUCE BONDS OF MEN LIQUIDATING BANK AT LE CLAIRE An order court reducing the bond of Andrew state superintendent bank. and Chas. Bosier, and examiner spectively charge of the defunct LeClaire Savings bank, from $25,000 to was signed today District Judge Scott.


Article Text

LE CLAIRE BANK RECEIVER FILES REGULAR REPORT Receipts of 2,093.23 for the three months' period ending June 30 are shown in the 14th report of D. W. Bates, receiver for the LeClaire Savings bank, filed in Scott county district court and approved by Judge W. R. Maines. Disbursements for the period, according to the report, were $481.34, which included receivership expenses of $443.43. The receivership report since the bank entered receivership totals $9,709.47. The cash balance March 31 of $7,962.20 was increased to $9,574.09 during the succeeding three months.