3879. Citizens Savings Bank (West Liberty, IA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 2, 1931
Location: West Liberty, Iowa (41.570, -91.264)

Metadata

Model: gpt-5-mini
Short Digest: 01acdb16

Response Measures

None

Description

The bank is reported closed on Oct 2, 1931 and shortly thereafter a state receiver was appointed to liquidate the Citizens Savings Bank of West Liberty. No contemporaneous article describes a depositor run; closure appears due to insolvency/liquidation and led to receivership and sale of assets.

Events (3)

1. October 2, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed by directors (conserving assets) and placed in liquidation; insolvency/asset problems implied in closure.
Newspaper Excerpt: WEST LIBERTY, Oct. 2. (P)The Citizens Savings bank ... closed today.
Source: newspapers

2. October 9, 1931 Receivership

Newspaper Excerpt: L. Andrews ... was appointed by Judge Jackson Thursday as receiver for the Citizens' Savings bank of West Liberty, which closed recently. The court signed orders allowing claims, fixing proof of other claims and allowing offsets. The bond of the receiver was fixed at $20,000.
Source: newspapers

3. November 16, 1932 Other

Newspaper Excerpt: An order in the receivership of the Citizens Savings bank West Liberty approved the sale of furniture and fixtures to J. E. McIntosh.
Source: newspapers

Newspaper Articles (8)

1. October 2, 1931 Globe-Gazette Mason City, IA

Article from Globe-Gazette, October 2, 1931

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DEPOSITORS PUT MONEY BACK IN Third Day "Run" on Bank at Davenport Calms Down to Handful. third day "run" on the Union Savings Bank and Trust company. Davenport's only downtown bank which was started following an announcement on Monday by the American Savings Bank and Trust company. of 60 day withdrawal notice. calmed down today and only handful of depositors appeared to withdraw their money. Bank officials said that many of those who had withdrawn their funds were returning them following a public announcement by more than 10 business houses yesterday that they would guarantee the deposits of their employes in the bank yesterday almost equalled withdrawals and confidence was expressed on all sides today that conditions in the Tri-Cities had returned to a normal basis. Glenville State Bank Closes. GLENVILLE, Minn., Oct. The State bank of Glenville closed its doors today by order of the board of directors to conserve the assets. The institution was capitalized for $10,000 and had deposits of $125,000. Truro Savings Closes. TRURO, Oct. (P)-The Truro Savings bank of Truro, Madison county, was closed today. It had deposits of $85,000 and was capital ized at $20,000. Bank at Maquoketa Closes. MAQUOKETA, Oct. 2. American Savings bank closed today. The deposits were $948,000 and capital $100,000. West Liberty Bank Closes. WEST LIBERTY, Oct. 2. (P)The Citizens Savings bank hers closed today. Deposits were given as $160,000.

2. October 9, 1931 Mid-West Progressive Muscatine, IA

Article from Mid-West Progressive, October 9, 1931

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CITIZENS' BANK GETS RECEIVER L. A. Andrew Named By Court to Act in Liquidation L. Andrews, state superintendent of banking, was named to/act another bank when he was appointed by Judge Jackson Thursday as receiver for the Citizens' Savings bank of West Liberty, which closed recently. The court signed orders allowing claims, fixing proof of other claims and allowing offsets. Oct. was fixed as the time by which claims upon which no proof is required, must be filed. The date by which proof of claims must be filed is Dec. Another order signed by the court releases property held as bailee, and authorizes the receiver and examiner in charge to deliver the owners all property held by the bank, either in deposit boxes and in all cases where property has no value or where the owner the bank. The bond of the receiver was fixed at $20,000.

3. November 22, 1931 Quad-City Times Davenport, IA

Article from Quad-City Times, November 22, 1931

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STOCKHOLDERS IN ATALISSA BANK TO FACE ASSESSMENT Muscatine, Ia., Nov. ders were signed by the court here Saturday the receivership of two Muscatine county banks. In the Atalissa Savings bank matter, the receiver authorized to bring suit against the holdof capital stock collect funds pay depositors' claims. Stafford attorney for the ceiver. In the American Savings bank, the receiver was authorized to posit cash assets and any Iowa bank which is under state or federal laws. Attorneys Drake and Wilson presented the Robert Brooke, appearing for the Citizens Savings bank of West Liberty, filed an application asking the court appoint W. Eichaneur, Snider and Ridenous to appraise assets of the The orders signed by Judge Jackson, who was on the bench today. Human sponges will absorb anything but water.

4. January 6, 1932 The Muscatine Journal Muscatine, IA

Article from The Muscatine Journal, January 6, 1932

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West Liberty News MARGARET Speaks West Liberty. water, of the Iowa City Rotary club, spoke on the noon luncheon of the West Rotary club Tuesday noon Masonic dining room. Guests the were John Piper Benson, Iowa City Rotarians. Boys from the West Liberty school senior class who will the club during the guests month of January are Cleo Misel, John Kirby and Donald Marsteller. Chapter Meets. Mrs. tess to the chapter Tuesday afternoon home on East street. The presented Ray Whitacre. who read the and state followed by Mrs. group Ripley's "Believe Or response to request from the civic relief committee, members will at the city o'clock until Friday ternoon, assist with the work the community. Those responded were the Misses Carrie and Nellie Nichols new year book committee appointed by the president follows: Mrs. chairman. Nichols. Laura and Mrs. Knott. The next meeting be held the home Miss Nichols, Jan 7:30 with program "Founder's Those the program Mrs. and Knott. Extension Worker Speak Hazel of the department the University Iowa will speak the ParentTeacher association meeting next Monday in the high school. Mrs. Schaus will talk on parent educaDuring the business session, tention given the proposal that the which being ganized among boys who young become Scouts. Those to the commitappointed in charge are Mr. and Mrs. Klinert, and Mrs. Margaret chairmen, assisted by Mr. and Morris, Mr. Birkett, and Dice, Mrs. Jesse Waln. Miss Bernstorff and Miss Turner. Other E. Billhimer spoke the meeting Boy Scouts Monday evening the Scout room in the high school. Miss Mary Anderson left for Maynard, resume her school work in the schools Maynard, where she principal Miss Anderson had spent holiday vacation with her mother. Anderson. Mrs. Dwight Crumand little of Rippey, had spent the holidays with their mother and grandmother Mrs. Anderson left Sunday afternoon her home. Other Anderson's family who had Christmas with her returned last week. The Goshen Wapsle Plus Fourclub met Saturday the home Mrs. Scott McMahon with and visitors present. McMahon the leader took charge Saturday and succeeded Mrs. Ray Rockerfellow resigned. The followed the music records and club songs The next meeting will be home of and Leota which time ficors will be installed several members Crees, has been cashof the Citizens Savings bank which closed Oct. has receivposition with the state bankdepartment, and left Monday Lamont. where went into bank assigned him by the department. Mrs. Ruth Carlisle, of Atalissa, has been the home and Snider during the holidays. assisting with the of their little Lucretia returned home Mrs. had been the home. returned take charge, spending the last her home members family who were home

5. January 6, 1932 The Muscatine Journal Muscatine, IA

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Liberty News Speaks on Taxation. West Liberty. Dr. W. water, of the Iowa City Rotary club, spoke on at noon luncheon the West erty Rotary Tuesday noon Masonic dining room. Guests at were John Piper Benson, Iowa City Boys from the West Liberty high school senior class who will of the club during the the guests month of January are Cleo Misel, John Kirby and Donald Marsteller Chapter Meets. Mrs. was to members of the chapter Tuesday afternoon at her home on East Third street. The program presented Mrs. Whitacre, read the and state which supreme followed questions. Mrs. by Dice, group Ripley's Believe Or Not," readresponse request from the civie relief two will be at the city hall o'clock until affrom ternoon, assist with the relief work in Those who responded the Misses Carrie Nellie Nichols. The new year book committee was by the president follows: Mrs. Koster, chairman, Nellie Nichols, Laura Baxand Mrs. Knott. The next held the home Miss Nichols, program "Founder's Those charge of program are Mrs. H. Jack and Knott. Extension Worker to Speak Hazel Schaus of the extenof the University Iowa speak the ParentTeacher meeting next Monday in the high school. Mrs. Schaus will talk parent education. During the business session tention given the proposal that the organization the "Cub which being ganized among boys to become full-fledged young Those appointed to the commit- tee charge are Mr. and Mrs. Klinert, and Mrs. Margaret by Mr. and Mrs. Morris, Mr. and Mrs. Mr. and Mrs. Jesse Hernstorff and Miss Turner. Other News. Billhimer spoke the meeting Scouts Monday evening Scout room the high school. Miss Mary Anderson left Sunday for Maynard, to resume her school work in the schools at Maynard, where she principal. Miss Anderson had spent her holiday vacation Mrs. Anderson. Mrs. Dwight Crumand little Rippey, who spent holidays their mother and grandmother, Mrs. Anderson left Sunday afternoon for her home. Other members of Anderson's family who had spent Christmas her returned home last The Wapsie Plus Fourclub met Saturday the home Mrs. Scott McMahon with six and two visitors the new leader took charge and succeeded Mrs. Ray resigned. The meeting followed by the music records and club songs: next meeting will be held the home of Margaret and Leota which time of ficers be installed and several who has been cashof the Citizens Savings bank which closed on Oct. has receivposition with the state bankand left Monday Lamont, he went into bank assigned him by the department. Mrs. Ruth Carlisle, of Atalissa, been at the home of Mr and Snider during with their little Lucretia Gehrke, returned home MonMrs. Anderson who had been in the home. returned take charge, after spending the last two weeks her home with members her family who were home for the holidays

6. January 17, 1932 Quad-City Times Davenport, IA

Article from Quad-City Times, January 17, 1932

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Muscatine Briefs Muscatine, Jan. Muscatine have been equipped tags, indicating the city cense fee has been paid, announced Friday. Licenses become delinquent today and police have been instructed to up all dogs without Arrangements to hold euchre tournament and banquet in connection with business meeting Jan. made meeting of the Knights of Columbus Thursday night. Elizabeth Embree, West Liberty, has filed answer to the cross petition filed by Geroge Embree, Newton, formerly Muscatine, Embree asks for divorce. Mrs. Embree's suit is for separate which she in the amount of month. Judge Jackson sustained motions to strike from the petitions entered in two automobile accident suits, one brought by McGrew against Chauncey Stegall and the other Lula McGrew against same defendant. motion to strike from the plaintiff's petition sustained but motion for more specific the pending law suit Otto Reckler against Edward Lindle. Wesley Arnell Smith asks judgment for $500 from W. Kuebler in cross filed in the foreclosure suit which Smith, Kiebler. Mr. and Mrs. Paul and Jackson, as trustee in the Ogilvie estate, are involved. Sunday school pupils of Trinity Episcopal church, under the direction of Miss June Lingo, will conduct vesper services at the at o'clock Sunday afternoon. short talk will be given the Rev. Father Stanley Jones. Mrs. Myron Burt, Burlington, visiting her parents, Mr. and Mrs. Ficken, 509 Chestnut street. Prof. and Mrs. Harold Whitehall have returned to their home at Ann Arbor, Mich., visit here with Mrs. Whitehall's parents, Attorney and Mrs. E. Ingham, 126 East Second W. Matthews, master workman, and other officers seated Thursday night. Plans for social meeting held Jan. made. Equipment the Statler cafe, East street, was sold auction Friday Sheriff Norman Baker for The was satisfy an unpaid balance due Baker mortgage. The landlord's attachment suit which Elizabeth Bodman recentfiled against William Voegeli and others, collect for rental Lucas street property, was settled and in district court Pauline Glatstein filed foreclosure for $2,850 against EllJohn W. and Anna Woods late Friday, claiming the amount to be due on promissory note. The court authorized the estate William Kester, to extend the time for $500 on the princimortgage for held against Emil Meyer of Johnson The entire estate of Carl Rohde, left his H. Rohde, cared for him during the last years of his life, according to his will. The court approved the preliminary report of Harry executor of the estate of Andrew Reeves, showing disbursements $366.10 and balance on hand $33.90. The final report of the Muscatine State bank administrator of the estate of Andrew wilder, absentee, was approved Judge Jackson. demurrer to the answer of the defendant amended and demurrer to the petition of Eva Watamended, was filed by Andrew as receiver the Citizens Savings bank West Liberty in suit against Isaac R. Watson an dothers. years ago, one-third of the land Great Britain was owned by members of the house lords.

7. November 16, 1932 The Daily Times Davenport, IA

Article from The Daily Times, November 16, 1932

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Reports Made by Muscatine County Bank Receivers MUSCATINE Ia., Nov. 16. (Special) Quarterly reports in he receivership the Pleasant Prairie Savings bank and the American Savings bank of Musatine been approved by Judge W. R. Maines. The Pleasant Prairie bank rebort showed balance on hand of at the close business Sept. 30 $9,397.33 carried from the last report, receipts of 390.04 during the quarter and $2,818.02 which amount vas listed as of the reAssets and liabilities of were shown. cash of $60,247 99 was shown at the end of the fourth assets and were listed in the general statement of the ship of American Savings bank of Muscatine Judge Maines signed a decree in the suit Pleasant Prairie bank receivership against William Ehrecke and others, foreclosing against property in block nine the Ogilvie addition to Muscatine and awarding judgment for $2. 669.64. Clarke was named receiver and his bond fixed at $300. decree for in favor of Else Weiss Wood, in her suit against M. E. Black was signed. An order in the receivership of the Citizens Savings bank West Liberty approved the sale of furniture and fixtures to J. E. McIntosh.

8. June 7, 1933 The Muscatine Journal Muscatine, IA

Article from The Muscatine Journal, June 7, 1933

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District Letters issued to Elmer Faires the estate of Crane upon Edith Stratton and Emma Foster. Faires filed bond of $300. motion was filed by the fendants the action of Paul derson, West Liberty marshal, against Mike Marinello, Eugene and the Munhatten and Insurance company, asking that plaintiff's stricken. reasons the motion that the petition joins an insurance company the action, which alleged to be illegal and improper effort to before jury the notion that defendant has insurance. Anderasked $5,000 damages in petition based on injuries received January when he tried to arrest Marinello and Moore. Judgment for $189.50 asked an answer and counterclaim filed the defendants in the tion H. Lange and Bartlett against Finley and Margaret Finley over terms lease and agreements between the contestants. An answer entered by Lloyd and Esther Miller, defendants in an action by Mary Turner against the plaintiff for judgment possession of chattels; and goods noted in the original petition, plus costs of the case. made in the petition the Titus trustees M. Umlandt and others denied separate answer for Dora Mohnssen and Carl Hagemeister the of Lillian M. Umlandt. estate from the court Justice Mackey West in the case the State Liberty Iowa vs. George Jones were entered on the criminal docket. Included were an information Jones by Thomas Founagainst charging that Jones made tain, threat to commit public offense against the person Thomas Fountain and did openly and pubthreaten to commit violence licly his person, and warrant upon April along with $1,000 bond for Jones. Andrew, receiver of the Pleasant Prairie Savings bank, authorized to deliver certain notes to Strohbehn and the Walcott Savings bank eration for $700 in cash and the of specified deposit claims. Hearing was for 10 June the application of Andrew, receiver of the AmerSavings bank, authority offer and accept Nell Wigim certain farm held by the bank. An order was entered reducing bond of the receiver and in charge of the Citizens' aminer. Savings bank West Liberty. bond set and that of the exami$5,000 In similar order to the Nichols Savapplied bank, the bond was ings $5,000 and the examiner's $15,000. The of the United expenses president and the upkeep the White House involve about George's civil list $450,000; King normally In resigning as postmaster of Bill wrote letter to Arthur; the letter brought him fame