Bank of Luverne (Lu Verne, IA)

Episode Information

Episode UID
72096871581
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7209687 routing
Routing Number
72-0968
Start Date
September 19, 1931
Location
Lu Verne, Iowa (42.908, -94.074)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
441a2d0304e3429a

Response Measures

None

Description

Receiver appointed by Kossuth County court; bank did not reopen.

Events (4)
1. September 19, 1931 Receivership
Newspaper Excerpt
A notice appeared on the door dated Sept. 19 stating that G. S. Buchanan had been appointed receiver, according to an order by the Kossuth county court.; also court makes Buchanan Luverne Bank receiver (articles).
Source
newspapers
2. September 21, 1931 Suspension
Cause
Government Action
Cause Details
Notice on door dated Sept. 19 stated G. S. Buchanan appointed receiver by Kossuth county court.
Newspaper Excerpt
The Bank of Luverne, a private institution, failed to open its doors this morning.
Source
newspapers
3. January 5, 1932 Other
Newspaper Excerpt
Will Tiede of LuVerne, purchased the Chester Hull property from the receiver of the Bank of LuVerne last week for the sum of $1335.
Source
newspapers
4. August 18, 1933 Other
Newspaper Excerpt
Hearing on extension agreement for mortgage indebtedness involving the Bank of Lu Verne receiver set for 18th day of August, 1933 (court notice).
Source
newspapers

Newspaper Articles (7)
1. September 21, 1931 Globe-Gazette Mason City, IA
Article from Globe-Gazette, September 21, 1931

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Article Text

Bank of Luverne Fails to Open for Business LUVERNE, Sept. 21.-The Bank of Luverne, a private institution, failed to open its doors this morning. A notice appeared on the door dated Sept. 19 stating that G. S. Buchanan had been appointed receiver, according to an order by the Kossuth county court. This bank was organized in 1885. Fenton Bank Closes. FENTON, Sept. 21.-The board of directors of the Fenton State bank ordered the institution closed today following a two day run. The bank is capitalized for $25,000 and had a surplus of $25,000. Mike Weisgrot is president and S. C. Ealy, cashier.

2. October 2, 1931 The Humboldt Republican Humboldt, IA
Article from The Humboldt Republican, October 2, 1931

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Article Text

Court Makes Buchanan Luverne Bank Receiver When the Bank of LuYerne closed its doors last Monday ing, went into the hands of former vice president the Kossuth county state bank, who was appointed The LuVerne bank, which privately owned and operated, known as the Hanna commonly bank backed by more than 6000 acres of land plus the Hanna 08Affairs of the bank will tate. probably not be settled immediatefor by waiting till better prices obtained. depositors will get better return.

3. January 5, 1932 Humboldt Independent Humboldt, IA
Article from Humboldt Independent, January 5, 1932

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Article Text

Purchased Property from Bank Receiver Will Tiede of LuVerne, purchasthe Chester Hull property from the receiver of the Bank of LuVerne last week for the sum of $1335. bid $1200 was made on the property Karl Rassmussen of Audubon which raised by bidders, Mr. Tiede finalthe property. will probably be sold the future for is understood that was bought as an

4. January 8, 1932 The Humboldt Republican Humboldt, IA
Article from The Humboldt Republican, January 8, 1932

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Article Text

Purchased Property from Bank Receiver Will Tiede of LuVerne, purchasthe Chester Hull property from receiver of the Bank of LuVerne last week for the sun bid $1200 was made the by Karl Rassproperty

5. February 9, 1933 Kossuth County Advance Algona, IA
Article from Kossuth County Advance, February 9, 1933

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Article Text

MITCHELL, Youth BUILDER HERE YEARS, DIES SENTENCED ON TWO CHARGES Helped in Building of First Methodist IN TEN DAYS Church Here. Jury Brings in $20 Verdict in Auto Damage Case. Chris Reefer, North End youth, for the time week sentenced the penitentiary and Anamosa, pleaded guilty the Monday Geo. Heald, Burcharge assault with Intent which grew beating administered the William Lakota, sentence is for five years. wife Harold Koppen, Lakota, who conold fessed aided Reefer, not Sioux sentenced. He only 17, and his by heard in court. present been continued, been paroled in the custody of his father, Gus Koppen. Taken to Anamosa Monday. with Merle Scolds, who here, sentenced last week year marAnamosa charge attempted the Anamosa CenMonday by Sheriff to year Anamosa week ago charge fail break, from the for which Scolds was sentenced. David year run with the and 5-year Reefer will have serve only years, less time good behavior. out- Jesse who confessed to hack saw blades to his on Scolds, six months in jail plus $100 fine, but the suspended, and he paroled Marshal Green. Umbenhauer of the city just the concrete and bridge town, and he has the keeping in excellent condition. He told Judge Heald that he drunk when he took the blades the time Umbenhauer told the court he had was three children home 76. support, their ages being and years respectively. Though work not been has not had county aid, he The son con- took the name Scolds some time ago. $20 Damage Verdict Returned. full verdict $20 damages turned jury Judge Heald's court Friday night against McNutt Mrs. Dora Ranger, Webster City, the result car accident last summer Webster The consisted of Jos. BerJones, Thilges, Trunkhill, Burt; Walter Clemant Crahan, West day Ranney, Clifford Titonka: Nelson, Rock his Carl Buffalo Center; Spelcher, Swea Argument opened Thurs- with day morning and completed Friday afternoon. retired shortly after Friday tion returned verdict same day. According accepted by the the McNutt the the Ranger by 20, west of Webster catapulting the Rangers sidewise into ditch. McNutt ditched at point farther down road, but did not turn over, and Mr. McNutt was drive The defendants claimed the accldent occurred when, the McNutt attempted to pass the Ranger the latter swerved left the MoNutt car. Receiver's Sult on Trial. They Judge Heald was hearing evidence law the Bank of Lu Verne, George Grimsehl. suit for $1715 and Richard 23, EmmetsMarch burg, pleaded guilty charge March driving while and March sentenced three months jails March His driving license for like period following expiraof the Judge Heald, before passing tence Brodigan, remarked that he disliked paroling anyone driving while drunk. Such drivers to the called public and jail terms lesson to promote havior. Judge Heald said he had read had before which drunks, though befuddled, had sense drive and In such cases offenders are trustee entitled degree and which not the due of drivers with less sense. been Brodigan arrested near Whittemore by Theo. Knecht, more, when he control of his landed the ditch. parole of six months in fall revoked Judge Heald when Paul Smith, Whittemore youth, was brought into court charge Cushing, carrying concealed weapon, week. heavy "knuckle." carrying charge was continued pending lease from The knuckle found on him when he had an alter- Nick cation with marshal left

6. August 10, 1933 Kossuth County Advance Algona, IA
Article from Kossuth County Advance, August 10, 1933

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Article Text

permanent sidewalk built by the City Council soon as his examination been made. The Contractor building walk under prireport its completion the City Clerk. Section All objections to the cost construction permanent provided this ordiagainst the lots parcels of front which the same and all objections the prior proceedings account on Irregularjties Inequalmust be made writing filed wth the City Clerk prior the date fixed for said assessment; all objections not made shall deemed waived except fraud shown. Section Unless the owner of lot parcel of land against for sidewalk made withthirty (30) days from the date said file written obthe legality or regularthe or upon and against property, such owner shall deemed have waived objections these grounds, and shall have right said assessment interest thereon exceedsix per cent annum seven (7) equal annual installthe first which shall and payable on the date and interest the whole amount unpaid, thereafter, at the time the manner the March payment ordinary taxes, provided aggregate all assessments against property of any owner Dollars less, such assessments shall paid one Installment within thirty (30) days the levy. Section Each such taxes, interest, shall delinquent first March next after its maturity the same of terest, with same penalties as dinary taxes. Section certificate of levy such special assessment, fixing the number the time when payable, certified correct the City Clerk, shall filed the Auditor of Kossuth County, Section Said certificate shall the same certificates the levy of special for street improvements and same apply thereto. Section Except hereinafprovided, all hereafconstructed reconstructed the City Algona, shall not project beyond curb line as ordinance. Section Permission to build beyond said curb line may cured frontage not exceeding seventy (70) feet any street one-half block where conditions warrant where the City after written application therefor has been made. That the walk constructed beyond the established curb line must be constructed that, when deemed necessary by the City Council, same removed without damage the walk built to the tablished line. Section Any person desiring build temporary sidewalk any street alley the City shall first make plication and therefore from the City Council. Section All ordinances thereof conflicting the provisions of this the extent such conflict hereby repealed. Section This ordinance shall force after its adoption and publication by law provided. Adopted passed the Council the City Algona, this 3rd day August, ADAH Approved by me this 3rd day August, 48. Mayor. IN EQUITY NO. 13783 NOTICE AUTHORITY TO ENTER INTO EXTENSION WITH THE MUTUAL LIFE INSURANCE COMPANY. OF WISCONSIN. In the Matter of the Bank of Lu Verne, Ophelia Hanna, Eugenie Robertson, Geneva Hanna Swisher, Consuelo Hanna and Winfield Scott Hanna; Ophelia K. Hanna, Eugenie Robertson, Hanna Consuelo Hanna Winfield Scott Hanna. All Depositors and Creditors of the Bank Verne, Lu Verne, Iowa, the composed Ophelia K. Hanna, Eugenie Robertson, Hanna Swisher, Consuelo Hanna Winfield Scott Hanna, and Whom May Concern: hereby notified that there now the office Clerk of the District Court Kossuth Iowa, tion Buchanan, Receiver, asking that he authorized to Extension Agreement mortgage indebtTwo Hundred The Northwestern Mutual Company, MHwaukee, Wisconsin, secured estate Humboldt counties, Iowa, according to the terms conditions set out said Agreement, which Agreement tached the Application now which you are referred particulars. You are further notified that the hearing Application will the Courthouse Algona, Iowa, on 18th day of August, 1933, two o'clock which time show cause, any you why an Order should not be entered Receiver said Agreement. Receiver of the Bank of Verne, Lu Verne, Iowa.

7. November 23, 1934 The Humboldt Republican Humboldt, IA
Article from The Humboldt Republican, November 23, 1934

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Article Text

HANNA OF LUVERNE DIED MON. LONG ILLNESS Special the LUVERNE, Scott Hanna, well known banker, had lived in LuVerne his entire life, died his home Monday morning, November 19th, at eight o'clock. He years old. During the past six months he had been confined in his home but not taken critically 111 until Saturday For several years had been 111 with hardening of the arteries and complicating Mr. Hanna the only son the late George W. and state Hanna. He born in pers May 1887. After graduating from high school he tended college Cornell and Iowa State College at Ames, from the college the University of Michigan Ann Arbor. Following graduation are from college he returned LuVerno an dassisted his father his bank, Bank of LuVerne" the death of his father in 1818, became manager of the bank and the many acres Iowa farms owned by the estate. He continued this work until September 1931, when the bank closed. Scott Hanna single man and his sister Consuela Hanna, also attorney, lived in Eggs, spacious Hanna residence Hens, His mother preceded Hens, him in death in 1931, and he Hens, survived by his three sisters: Consuela at home, Geneva Hanna Swisher of Iowa City, and Eugenia Hanna Robertson of Mexico; one Georgia of Mexico, and Cox, three nephews, RobertCox, Scott Swisher and Robert Corn, Swisher, Iowa City. Funeral services have not been arranged at this writing. Mrs. Swisher of Iowa City, arrived New LuVerne Monday. Oats Melvin Wright, negro farmer Waterloo, held mad dog at bay with piece of pipe weapon, until police arrived and shot the animal. The dog was stray and had bitten five three dogs and three cats on the Wright farm.