Walker Savings Bank - Walker, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 6, 1929
Location: Walker, Iowa (42.287, -91.781)

Metadata

Model: gpt-5-mini
Short Digest: f78b138c

Response Measures

None

Description

Articles indicate the Walker Savings Bank was defunct and in receivership in 1929. A receiver's deed is recorded 1929-03-06 and a December 12, 1929 article calls it the 'defunct Walker Savings bank' with the state superintendent of banking as plaintiff and the bank's receiver involved in litigation. No article mentions a depositor run; the bank appears to have been closed and placed in receivership (government action). Dates taken from OCR text: receiver's deed dated 3-6-29 (Article 1) and court-house news published 1929-12-12 (Article 2).

Events (2)

1. March 6, 1929 Suspension

Cause: Government Action
Cause Details: Bank assets conveyed by receiver (receiver's deed recorded 1929-03-06); bank placed in receivership by state superintendent of banking.
Newspaper Excerpt: Walker Savs Bank to Walker Trust and Savs. Bank receiver's deed ... 3-6-29
Source: newspapers

2. December 12, 1929 Receivership

Newspaper Excerpt: Walker Bank Receiver Seeks To Recover $722 And Interest On Note ... L. A. Andrew, state superintendent of banking, has filed suit ... as receiver of the defunct Walker Savings bank ... published 1929-12-12
Source: newspapers

Newspaper Articles (2)

1. April 5, 1929 The Gazette Cedar Rapids, IA

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Article Text

REAL ESTATE TRANSFERS William E. Newman and wife to Lucinda Wisehart, Louise White, Bertha A. Kngiht and Maud E. Newland wd wly lots and blk Grubb's add Center Point $1 and val con Grantors reserve life estates in sd property L. A. Andrew. Walker Savs Bank to Walker Trust and Savs. Bank receiver's deed lot 26 blk 6 Walker and personal property in bank on sd des $1.350. 3-6-29 North View Land Co. to John H and Linda M. Schweitzer (husband and wife) as joint tenants and not as tenants in common and to the survivor of either meaning the survivor shall have full absolute title wd lot 134 North View add C R. (subj all and of record) $1 and val con 11-30-28. Pawnee Land and Imp. Co. Inc. to Mary E. Thillen an undiv 1-3 interest and Helen M. Thillen an undiv 2-3 interest wd lot blk Park View add C. R. (subj all covenants, conditions and restrictions of record) $1 and val con 11-30-28. Joseph Nejdl and wife to Edward Prochaska his wife wd lot aud plat 52 C. R. $1 and val con 3-26-29. John H. Brookman to Hatch and Brookman Co. wd 140 300 ft 90 115 23 ne ne sec (subj of record $1 and val con John B. Emery to city of C. R wd 20 535 ft 568 ft se nw and n 40 380 568 ne SW sec for public street $1 and val con 3-28-29. John B. Emery to city of C. R. wd pt n½ sec for public street $1 and val con James H. and wife to John B. Emery 568 ft nw and 568 ft ne 3-18-29. C. R. Savs. Bank and Trust Co. to Coe college sp wd lots incl blk R. Imp. Co and pt blk aud plat 47 R. $1 and val con YORK BUTTER NEW Marrent No. TOLEDO SEED MARKET cash new LIBERTY MARKET fourth

2. December 12, 1929 The Gazette Cedar Rapids, IA

Article from The Gazette, December 12, 1929

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Article Text

COURT HOUSE NEWS Walker Bank Receiver Seeks To Recover $722 And Interest On Note L. A. Andrew. state superintendent of banking, has filed suit against Mrs. W. M. Spencer et al. as receiver of the defunct Walker Savings bank to recover $722.24 and interest on promissory note delivered on July 2. 1927. The other defendants are Dr. W. H. Spencer and Mollie Knutz. The U. Hoffman Machinery corporation has asked the district court for writ of replevin on certain machinery sold to Christ Kuskulis, which is now in the latter's The plaintiff company asks for judgment for possession of the property, or judgment for the full value which it says is $350 The Hoffman company also seeks $100 damages for wrongful detention. charging the defendant defaulted in payment and refused to return the machinery.