Kossuth County State Bank (Algona, IA)

Episode Information

Episode UID
72030971581
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7203097 routing
Routing Number
72-0309
Start Date
September 17, 1931
Location
Algona, Iowa (43.070, -94.233)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
da6df31a337c8717

Response Measures

None

Events (2)

1. September 17, 1931 Receivership
Newspaper Excerpt
Superintendent of Banking Iowa, Receiver for the Kossuth County State Bank Algona, Iowa. NOTICE TO ALL DEPOSITORS ... final report of the Honorable Superintendent of Banking of the State of Iowa, Receiver of the Kossuth County State Bank of Algona, Iowa ... final report dated March 31st, 1932, the date of said report on file. (Algona Upper Des Moines, 1932-05-18).
Source
newspapers
2. September 17, 1931 Suspension
Cause
Government Action
Cause Details
Placed in receivership by order of District Court / Superintendent of Banking; examiner/receiver appointed
Newspaper Excerpt
that the District Court Kossuth Iowa, did on the 17th day of September, 1931, Order ... that all claims of Depositors against the Kossuth County State Bank of Algona, Iowa ...
Source
newspapers

Newspaper Articles (2)

Article from Kossuth County Advance, October 15, 1931

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Article Text

10 THE CREDITORS OF KOSSUTH COUNTY OF ALGONA, You each hereby notified that the District Court Kossuth Iowa, did on the 17th day of September, 1931, Order in the cause entitled Andrew, Banking the State Iowa the Kossuth State Bank Iowa, that all claims of Depositors against the Kossuth County State Bank of Algona, Iowa, based on checking deposits, deposits time certificates except money borrowed for said bank, allowed shown the bank's books claims of without further proof thereof, which means that such claimants WILL NOT HAVE TO FILE Holders time and demand certificates of deposit must present same to the Examiner Charge before dividend is paid That all other parties having claims said bank any of funds including claims for deposits shown by the books the bank stated, shall order have such claims allowed RB claims bank to participate in the distribution of assets thereof, file said claims with the examiner charge of said bank the bank building in Algona, Iowa, with Clerk of the District Court Kossuth County, Iowa, before the 17th day of 1931, and that unless said claims so on or before said date they shall be barred claims said bank any the against the said Andrew, Banking of Iowa, as receiver there- Superintendent of Banking Iowa, Receiver for the KosCounty State Bank Algona, Iown. 2-5 NOTICE OF SALE STATE KOSSUTH COUNTY, SS. Notice hereby given that by virtue Special directed from the Clerk of the District Court Kossuth Iown. on in said Court on the 24th day September, 1931, favor The Life Assurance Society of the United States, plaintiff, and against Frances M. Blake the East Half the Southeast Quarter of SE%) of Section Township (96) North, Range Twen(28) West of the Fifth Kossuth county, defor the of Six Thousand Six Hundred and Dollars and costs, taxed One Hundred and 37/100 ($128.37) Dollars and costs, have levied upon the described real property the property of the said Frances M. Blake, in rem, satisfy to-wit: The East half of the Southeast Quarter (Eยฝ SE%) Section Thirteen (13), Township (96) North. Range (28) West the Fifth P: Kossuth Iowa: and will proceed to sell said property, much thereof may to satisfy said execution, with costs accruing costs at public the highest bidder, for cash; on the 28th day of October, 1931, the east door the Courthouse in Algona, in county, Iown, at the hour of 10 o'clock said day, when and where due attendance will be given by the undersigned. Dated this 28th day of September, 1931. HOVEY, Sheriff of Kossuth county, By Harris, Deputy. Holmes, Plaintiff's Attorney. 4-5 DISTRICT of Two Thousand Four Notice hereby given to all Hundred Fifty and within persons schedule there has been filed and taxed Auditor Dollars County, showing the special Dollars and four and and parcels estate included have levied upon accruing within 164, which of proposed described Real assessment the following prop. the property of the said Bererty as Acres Shilts Ward, Ward, and Frank Shilts satisfy said execu- 40 to-wit: Lot One (1) in Block 40 tion, 96 Two of Ingham's Addition to (2), 11 28 40 Iowa; and will proceed to gona, SE% 96 28 sell said property, or 80 much there- 40 Receiver of may be necessary to satisfy SE% 11 28 40 said execution, with costs RCNW% 11 cruing costs at public auction, to the 28 40 highest bidder, for cash, in hand, on 4th day of November, 1931, at the the east door of the courthouse in 11 96 40 Algona, in Kossuth county, Iowa, at the hour of 10 o'clock of said day, when and where due attendance NW% 11 96 28 be given undersigned. 40 Dated this 5th day of October, 1931. L. E. HOVEY, NW% 11 96 28 Sheriff of Kossuth county, Iowa. 40 By Everett Harris, Deputy. Sullivan, McMahon Linnan, Plaintiff's Attorneys. 4-5 NE% 11 36 28 40 STATEMENT Johnson of the Ownership, Management, Cir. Savings culation, Etc., Required by NE% 11 of Congress of August 24, 96 Act Emil 11 96 1912, SW% 11 Kossuth County Advance, pub- 96 40 lished weekly at Algona, Iowa, SW% October 1931. 28 40 State of Kain NW% 14 96 County Kossuth, 28 40 Nora Before me, notary public In and NW% 14 96 for the State and County aforesaid, 28 40 personally appeared D. E. Dewel, NW% 14 96 who, having, been duly sworn AC- 28 40 Nora cording to law, deposes and says NW% that the business manager 28 40 the Kossuth County Advance, and that following the best John his knowledge and true statement the ownership, management, etc., of the aforesaid lication for the date shown NE% above caption, required by the Act Frank of August 1912, embodied Frank section Postal Laws Frank SE% Intions, printed on the reverse Frank this form, to-wit: Frank That the names and addresses 40 Leonard the publisher, editor, managing Drager 96 40 editor, business managers Leonard Publisher Advance Publishing tha SE% 16 28 Unincorp., Algona, 16 Editor C. Dewel, Algona, SE% SE% Managing E. Dewel, Algona, Chas. Business E: Dewel, Chas. SW% Algona, Iowa. Chas. the is: Chas. That owner NW% Unin- John Advance Co., Iowa. Cruikshank Dewel, Algona, Iowa. John Crulkshank D. Dewel, Algona, Iown. John Kain That the known bondholders, NE% mortgagees, and other holdJohn ers owning holding cent SE% NE% total John more of amount bonds, NW% Louise mortgages, or other securities are: None. Louise Young That the two paragraphs Louise Young NW% 23 next above, giving the of the Louise Young 39 Leonard owners, stockholders, and security MarNE% ex. Sch. 23 28 holders, any, only the tha Drager 40 list of and security NEW 96 tha Drager holders they appear upon 96 Frances books of the company but also, in SE% NE% cases where the stockholder Frances Benschoter You and each of you whose the within curity holder appears upon the appear hereby notified that said report will come for books of the company as trustee of Supervisors office in any other fiduciary relation, the 29th 1931, at 1:30 o'clock At said hearing of name of the person corporation any the ments may be increased or may be adopted without further for whom such trustee acting. Unless file given; also that the said two para- you written objections to said report on graphs contain statements embrac- said day the same will be presumed to have been conclusively affiant's full knowledge and be- All' assessments may be paid full without Interest If lief to the circumstances from assessment is confirmed. conditions under which stockholdDated at Algona, Iowa, this 6th day of October, 1931. security holders do not BERTHA appear upon the books the company trustee, hold stock and curities capacity other than that of bona fide this NOTICE OF ASSESSMENT FOR affiant has reason to believe that DISTRICT NO. 128 any other person, association, corporation any direct Notice is hereby given to all persons whose names indirect in said stock, bonds, within that there has been filed in the office other securities than as 80 stated Auditor of Kossuth County, Iowa, report the Board by him. ment, showing the special assessment proposed to be D: E. DEWEL, Business Manager. Sworn to and subscribed before me this 3rd (Seal.) MART (My commission expires July


Article from The Algona Upper Des Moines, May 18, 1932

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Article Text

NOTICE TO ALL DEPOSITORS, AND SONS THE RECEIVERSHIP OF THE SAVINGS BANK OF ALGONA, IOWA. You and each of you are hereby tifled that there now file the office the Clerk of the District Court of Kossuth County, Iowa, the eighteenth quarterly report of the Honorable of Banking of the State of Iowa, Receivof the County Savings Bank of gona, Iowa, the same being the final report of Miller, Charge of said in which said report the Receiver Examiner Charge show all receipts and dissince the date of the last report on file, and said Receiver that the said Miller be discharged Charge said Bank and his bondsmen from all liability date March 31st, 1932, the date of said report. You are further notified that unless appear thereto at the court house object on or before the hour of 2:00 o'clock on the first day June, 1932, and show cause why report should not be approved and why said R. Miller should not be discharged Examiner in Charge and his bondsorder and decree of this court will be entered approvsaid report the Miller Examiner Charge the County Savings Bank Algona, Iowa, and exonerating his bondsmen from all liability date March 31st, 1932, the date of the said report on file. the State of Receiver of the Kossuth County State Bank Algona, Iowa, the same being the final report Miller as Examiner in Charge said bank, in which said report the receiver and Examiner in Charge show all receipts since the date of the last report file, and said Receiver asks that said R. H. Miller be discharged aminer in Charge of said bank and bondsmen exonerated from all liabilias date March 31st, 1932, the date of said report. You are further notified that unless appear thereto at the court house Algona, Iowa, and object on or before the hour of 2:00 o'clock the first day of June, 1932, and show cause why said report should not approved and why the said H. Millshould be discharged as Examiner in Charge and his bondsmen onerated, an order and decree this court will entered approving said report and discharging the said Miller as Examiner Charge of said bank and exonerating his bondsmen from of date March 31st, 1932, the date of the said report on file. of Banking of the State of Iowa, as Receiver the Kossuth County State Bank 49 of Algona,