American Trust & Savings Bank (Le Mars, IA)

Episode Information

Episode UID
72023071625
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
7202307 routing
Routing Number
72-0230
Start Date
May 24, 1935
Location
Le Mars, Iowa (42.794, -96.166)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c4901ec3f9f26939

Response Measures

None

Description

Articles show a receiver in place but do not explicitly state a prior suspension; additional records could clarify timing.

Events (2)
1. May 24, 1935 Receivership
Newspaper Excerpt
the receiver of the American Trust & Savings Bank of LeMars, which bank was the mortgagee, has brought foreclosure proceedings
Source
newspapers
2. July 26, 1935 Other
Newspaper Excerpt
D. W. Bates, Receiver of the American Trust and Savings Bank of LeMars vs Kate Keough et al, the Court decreed that Kate Keough have judgment in the sum of $2100
Source
newspapers

Newspaper Articles (3)
1. May 24, 1935 The Alton Democrat Alton, IA

Article Text

Life Annuity Complicates Foreclosure An annuity to his wife bequeathed in the will of the late John Keough of Maurice, early Sioux county pioneer who became one of the largest land owners in the county before his death, is the focal point of a lawsuit now waging in district court at Orange City. Mr. Keough willed his farms to his children, but provided for an annuity to be paid from the income from this land. One of the sons later mortgaged his farm and the receiver of the American Trust & Savings Bank of LeMars, which bank was the mortgagee, has brought foreclosure proceedings under the now past due date of the mortgage. The widow is contesting the action and her attorneys hold that her annuity takes precedence over any mortgage placed on the land by her son. T. E. Diamond of Sheldon and E. P. Murray of LeMars represent the bank receiver, while T. E. Klay of Orange City, Nelson Miller and J. T. Keenan, both of LeMars, represent the estate of the widow in the involved litigation.

2. May 31, 1935 The Alton Democrat Alton, IA

Article Text

Dividend To Depositors R. Valley Bank A dividend of 10 per cent in the receivership of the Rock Valley State Bank was authorized the past week by the court. Depositors will receive the benefit. Visions of the old Rock Valley Fair association arise, with the filing by Charles Gayer of an action against the old fair organization. A motion by the defendant to dismiss the plaintiff's petition was overruled by the court. An order authorizing the receiver to compromise the indebtedness of August Luken in receivership of Exchange bank, Granville, was signed by the court. In the receivership of the Boyden Bank, the receiver was authorized to accept $1750 in full settlement of Gerrit Wegter notes for $6,000. By agreement of attorneys, the court entry may be made in vacation in the case of receiver of American Trust and Savings bank, LeMars, vs. Verne Keough et al, the matter in which attorneys for the mother of the Keough boys claims an annuity left to her in her husband's will is senior to any rights of mortgagees, and that her son in placing a mortgage on his name could not sign away her right to the annuity from the land. Mortgage foreclosure actions brought by the Equitable Life Assurance Society of the U. S. against George W. Murray, John G. Van Otterloo and Nan M. Disbrow, were ordered continued until March 1, 1937, under the mortgage moratorium laws of Iowa. In the case of Albert Bunning vs. Jennie Bunning, the matter, by agreement, was taken under advisement. In receivership of First National bank, Hull, the receiver was authorized to sell lots 1, 2, 7 and 8, block 6, in the east addition of Orange City, to Peter Vander Zwaag, for $2,150. Four marriage licenses issued the past week are as follows: Henry Teunissen 28, Doon, and Jennie De Bruin 24, Maurice; Fred Brandes 25 and Cornelia De Groot 20, both of Sioux Center; John Wiersma 25, Orange City, and Dorothy Vande Berg 25, Hospers; Lawrence Scholten 29, Orange City, and Esther M. Jansen 23, Alton. P. E. Vermeer, chairman of the Sioux County Corn-Hog Allotment board, was in Des Moines last week urging more liberal rulings on hog contracts. He was instrumental in getting the state committee to ease up on hog restrictions which handicapped those who have been practically forced out of the hog business by lack of capital in the past couple of years. Mrs. Ella Mae Collins left Tuesday for her home at Coleridge, Neb., after a visit here at the L. F. Reifert home.

3. July 26, 1935 Rock Valley Bee Rock Valley, IA

Article Text

and notice was issued for August 14, 1935, at 10 o'clock, A. M. In the case of D. W. Bates, Receiver of the American Trust and Savings Bank of LeMars vs Kate Keough et al, the Court decreed that Kate Keough have judgment in the sum of $2100 and interest as due her on unpaid annuities under terms of Last Will and Testament of John Keough.