Bank of Denison (Denison, IA)

Episode Information

Episode UID
72028971502
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
7202897 routing
Routing Number
72-0289
Start Date
February 3, 1925
Location
Denison, Iowa (42.018, -95.355)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8c44d7fdf33be20b

Response Measures

None

Description

OCR shows variant spellings of the receiver's name (Knutson/Knudson/Knutsen).

Events (2)

1. February 3, 1925 Receivership
Newspaper Excerpt
W. M. Knutsen, receiver... says that he will resign. Liquidation the bank has been the cause of bitter contention in court between creditors and those in charge of its affairsDenison Bank Receiver Reports ... Knudson receiver of the Bank of Denison for the past few months filed his final report today in federal [court]. Jacob Johnson of Denison, trustee, is in charge. (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article). (Apr. 29 article).
Source
newspapers
2. February 3, 1925 Suspension
Cause
Government Action
Cause Details
Bank placed in liquidation and a court-appointed receiver (W. M. Knutson/Knudson) was administering assets; court hearings on receiver actions indicate suspension/closure.
Newspaper Excerpt
Liquidation the bank has been the cause of bitter contention in court between creditors and those in charge of its affairs
Source
newspapers

Newspaper Articles (4)

Article from Des Moines Tribune, February 3, 1925

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Article Text

VOSS AND KUEHNLE ARE EMPLOYED TO AID BANK RECEIVER Council Bluffs, Ia., Feb. At an adjourned hearing of the creditors of the Bank of Denison held before Judge Martin J. Wade in federal court here. the employment of Ora Thomas by the receiver which was resisted by the creditors, was set aside and Carl F. Kuehnle and Voss, principal owners of the bank, were employed salary of $150 a month. W. M. Knutsen, receiver. whose remuneration was reduced from $600 month to $300 month, says that he will resign. Liquidation the bank has been the cause of bitter contention in court between creditors and those in charge of its affairs


Article from Quad-City Times, March 24, 1925

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Article Text

JUDGE SCOTT IS TO HEAR THE CASE OF BANK RECEIVER Federal Judge George Scott of Sioux City. is expected in Council Bluffs Friday in connection with numerous applications presented by W. M. Knutson. receiver of the bank of Denison. Mr. Knutson seeks direction of the court in cancellation of an insurance policy by C. L. Voss that the rendered value may become part of the asset. He also seeks to recover 750 shares of Crawford county telephone stock sold by C. F. Kuehnle to his son-in-law, E. A. Howard at $30,000. According to Knutson's petition the stock is worth $53,000. He asks for authority to obtain the services of an engineer in appraising the stock. Judge Scott will also hear Knutson's petition asking that certain Sioux City interests be restrained from suing him in connection with the bank affairs


Article from The Muscatine Journal, April 29, 1925

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Article Text

AINSWORTH Ainsworth Ia., April 29-Miss Marie Schmidt to her school work in Waterloo Monday morning. having been here to attend the funeral of her aunt, Mrs. Pearson. Mrs. Mary Hartwick and son came Monday morning, called by the death of Mrs. Hartwick's mother, Mrs. Pearson. Miss Helen Snelson has returned to her teaching in Hudson after spending several days at home. Randolph Kelsey who has been working in the Ainsworth Savings bank. quit May and go next week to Colorado for an extended visit. The Methodist church parlors were the scene of interesting party Tuesday evening which was given in honor of Dr. and Mrs. Alcorn. On account of the bad weather only 50 were present. The evening entertainment consisted of program of music Denison Bank Receiver Reports Council Bluffs, April H Knudson receiver of the Bank of Denison for the past few months his final report today in federal here and immediate release Jacob Johnson of Denison, trustee, is in charge. Hold Negro as Murder Suspect Keokuk, Ia., April Police are holding one armed negro here last week on charge of vag. rancy suspect wanted in Columbia. Tenn. for breaking jail pending trial for murder. Finger prints were sent to Columbia today following wire from police there to hold the man.


Article from Des Moines Tribune, June 3, 1925

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Article Text

VOSS CASE MAY CLOSE TONIGHT Arguments of Lawyers to Jury Got Under Way This Morning. (Evening Tribune-News Special) Sac City, Ia., June 3.-Taking of testimony in the C. L. Voss forgery case came to a sudden end this morning when the prosecution and the defense unexpectedly rested and the attorneys began arguments to the jury. County Attorney William Bell opened the argument and will be followed by Floyd E. Page for the defendant. James Parsons of Des Moines will conclude for Voss and Robert Healy will make the closing argument for the state Jacob Sims, who was taken ill here Sunday and was unable to attend the trial yesterday or today, was taken to his home in Denison this morning and will not be able to make an argument before the jury Ready for Jury It is thought that the case will go to the jury late tonight. Ira C. Gillmor was the closing witness this forenoon. He testified that he owed the Bank of Denison, all told. about $6,000 Voss claims he owes it $60,000 The bank receiver sued him for that amount when the bank In his argument to the jury County Attorney Bell stressed the assertion that Voss admitted he swore falsely to a notarial seal that he sent letter to R. Gill- farmer, which was not true: that he kept for twenty months the $43,000 the Des Moines Joint Stock Land bank had specifically ordered him to forward to the Peters Trust company of Omaha to pay off two Prudential loans on the Gillmor farm at Denison that checks presented as evidence by the state had been falsely indorsed in his bank at Denison by one of his employes; that dates on notes had been changed, etc. Voss' Last Appearance. Voss in his concluding testimony declared that the reason he had not paid off the Prudential loan with the proceeds of the loan negotiated for Gillmor with the Des Moines Joint Stock Land bank was that Gillmor had failed to pay $9 000 interest on the Pru dential loan which the Bank of Denison had paid for him. The state produced letter from Voss to the Peters company through which the Prudential loan was in process of settlement in which he reported to the company that Gillmor had paid the This supported Voss's former that he was acting the best interest of Gillmor in all the transactions and by representing that Gillmor had paid the interest on the loans helped Gillmor to further time to liquidate. University May Lose. It developed in the testimony of Voss that Iowa university memorial had 000 in the Bank of Denison when it failed mortgage was made covering this with Gillmor land security but the money was never taken from the credit of the memorial. Voss testified am of the opinion E. M. Dutcher of the Union said "that the Union will not lose anything in the end as we can establish legitimate claim to the Gillmor property even though the claim will not be first lien.