Traer State Bank - Traer, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 27, 1934
Location: Traer, Iowa (42.194, -92.465)

Metadata

Model: gpt-5-mini
Short Digest: 33a070f9

Response Measures

None

Description

Article (The Courier, 1934-05-27) describes actions by the receiver of the Traer State Bank accepting settlements and cancelling notes, indicating the bank was in receivership (closed). No mention of a depositor run in the text, so this is classified as a suspension leading to closure/receivership. OCR errors in the article text were corrected (e.g., punctuation and name fragments); no changes to bank name or city.

Events (1)

1. May 27, 1934 Receivership

Newspaper Excerpt: W. Bates as receiver of the Traer State bank, was authorized accept the sum of $9,276.45 ... in full settlement of the note ... The receiver then to cancel the note and release the mortgage given as security.
Source: newspapers

Newspaper Articles (1)

1. May 27, 1934 The Courier Waterloo, IA

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Article Text

Court Approves Settlements by Bank Receivers (Courier Special Service) Toledo, Ia.-Judge Carl Stiger Friday authorized D. W. Bates, receiver the Farmers State bank of Elberon. to accept from James Herstka in full settlement of his promissory note cured by mortgage on 80 acres of land, and to accept settlement of the balance his obligation to the bank, which amounts to 773.89. sum of $225 in cash and the proceeds from the sale of 12 head of W. Bates as receiver of the Traer State bank, was authorized accept the sum of $9,276.45 in Federal Land bank of Omaha, Neb., bonds or cash, or both. in full settlement of the note of and Florence Mabel Speer dated March 1924, payable to John Howard, and assigned by him to the bank The receiver then to can cel the note and release the estate mortgage given as security In of Albert Ulch against Joseph Braye, also known Joseph Breja, al, releases lien and judgment were filed by Walter DeVoe and Fred K. Caslavka. stating that judgment and lien granted their favor the decree of foreclosure Nov 1932 released and discharged DeVoe Caslavka also released mechanic's liens in their favor against Braye DeVoe's was for and Caslavka's was for $276.30 In the case of the Equitable Life Assurance Society the United States against Amos and Hannah Sawyer, Judge Stiger decreed that the plaintiff have judgment in rem against the real estate for $6,340.72 the amount due on note dated March 1930. Mortgaged 163 acres Crystal township ordered foreclosed Plaintiff was also granted judgment for against Arthur M. Lincoln and foreclosure of mortgaged 80 acres in Clark township was ordered