3880. State Bank (West Union, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 14, 1933
Location
West Union, Iowa (42.963, -91.808)

Metadata

Model
gpt-5-mini
Short Digest
30ee6fff

Response Measures

None

Description

Articles (Sept 14-15, 1933) discuss closed banks in Fayette County placed in receivership; State Bank of West Union is listed among 'closed banks' with receivers. No mention of a depositor run; bank is closed and in receivership, so classified as suspension leading to closure. Date taken from publication.

Events (2)

1. September 14, 1933 Receivership
Newspaper Excerpt
attorneys for the receiverships of closed banks in Fayette county ... M. M. Cooney, Wadena Savings bank and State Bank of West Union: Mildred F. Crawford, State Bank of West Union and Randalia Savings bank.
Source
newspapers
2. September 14, 1933 Suspension
Cause
Government Action
Cause Details
Bank is closed and placed in receivership under state banking superintendent; court petitions concern attorneys for receiverships.
Newspaper Excerpt
the receiverships of closed banks in Fayette county ... State Bank of West Union
Source
newspapers

Newspaper Articles (2)

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.


Article from The Courier, September 15, 1933

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Article Text

Fail to Replace Fayette County Bank Attorneys State Banking Superintendent Would Have O'Brien in Receivership Cases. West W. district court refused petition W. Bates, state for removal of present attorneys bank of Fayette and the appointment O'Brien, Democratic attorney from Oelwein. O'Brien, who presented the petition, said he had cases against receiverships order to All present attorneys are Republicans and include Shaw, wein, State Bank of Oelwein: Stafford, State bank of that M. M. West Union, Wadena bank and of State West Union: Mildred West Union, Randalia Savings bank and part of State bank of West Union. Judge Eichendorf recently refused to make changes attorneys receiverships his home county, Clayton, been quested put in place Delbert W. Meler of Monona.