The articles only cover the receivership and liquidation phase; the specific date and cause of the initial suspension are not mentioned.
Events (2)
1.December 1, 1930Receivership
Newspaper Excerpt
First State Savings bank, McCausland, is paying dividend of 25 per cent this M. Baker, receiver charge, has announced.
Source
newspapers
+3 months
2.March 7, 1931Other
Newspaper Excerpt
Appointment of Charles L. Bosier as acting receiver in charge of the defunct First State Savings bank of McCausland. Ia., to succeed M. Baker, was announced Saturday
Source
newspapers
Newspaper Articles (10)
1.December 1, 1930Quad-City TimesDavenport, IA
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Article Text
DIVIDEND PAID BY DEFUNCT
Receiver Issues Notice of 25 Per Cent Disbursement.
McCausland, Ia., Dec. First State Savings bank. McCausland. is paying dividend of 25 per cent this M. Baker, receiver charge, has announced. The checks are ready for distribution and the has requested to call at his office for their checks for the disbursement.
2.March 6, 1931Quad-City TimesDavenport, IA
Article Text
RECEIVER SUES TO COLLECT PROMISSORY NOTES
Andrew, state superintendent and receiver charge the defunct First State Savings McCausland, has filed district Harry Schneckloth alleged owing promissory notes, and for alleged three promissory notes the Thuenen for the bank receiver.
3.March 8, 1931Quad-City TimesDavenport, IA
Article Text
BOSIER NAMED AS RECEIVER OF M'CAUSLAND BANK
Appointment of Charles L. Bosier as acting receiver in charge of the defunct First State Savings bank of McCausland. Ia., to succeed M. Baker, was announced Saturday by L. Andrew, state superintendent of
4.March 11, 1931Quad-City TimesDavenport, IA
Article Text
BANK RECEIVER SUES TO COLLECT $3,800 ON NOTES
Andrew, superintendent banking and receiver charge the defunct First State bank, McCausland, has filed the district court and Itanna Carber and others collect leged series notes. Thuenen Thuenen
5.March 26, 1931Quad-City TimesDavenport, IA
Article Text
APPRAISERS ARE REQUEST OF BANK RECEIVER
An order of court appointing Fargo, Afdal and Schwietert, all Redfield, appraisers determine the valacres of land Hand county. belonging funct First State bank of McCausland, has been signed District Judge Scott ponse an application filed Andrew, state banking and receiver in charge of liquidating the institution.
6.April 22, 1931Quad-City TimesDavenport, IA
Article Text
BANK RECEIVER ASKS TO SELL LANDS and charge defunct First State bank. McCausland, petitioned the district court today for authority acres of farm land in Hand owned bank, for Judge Scott the down hearing April
7.May 20, 1931Quad-City TimesDavenport, IA
Article Text
BANK RECEIVER SEEKS RIGHT TO COMPROMISE CLAIM
Andrew state superintend banking and receiver charge defunct First Savings bank McCausland, has petitioned district au thority accept from Itania Carber full claims aggregating held the against them The claims secured by gage on lands appraised than amount of hearing the May District Judge
8.May 24, 1931Quad-City TimesDavenport, IA
Article Text
BANK RECEIVER BRINGS SUIT TO COLLECT ON NOTE
L. Andrew, state dent of banking and receiver charge the First State bank, McCausland, has filed suit district court against George Holst, Henry Boeh, Sheridan, H. Litscher, George Randolph and Henry Moeller for $4,722.87 alleged owing on note signed and endorsed by the Thuenen and Thuenen for the bank receiver.
9.September 6, 1931Quad-City TimesDavenport, IA
Article Text
BANK RECEIVER ASKS AUTHORITY TO SETTLE CLAIM
Andrew, state superintendent of banking and receiver in charge of the defunct First State Savings bank, McCausland, has titioned the district court for permission accept deed to MeCausland real estate from Guy Swain full settlement of
10.November 12, 1933Quad-City TimesDavenport, IA
Article Text
BANK RECEIVER GIVEN JUDGMENT ON NOTE CLAIMS
Default judgments in favor of the First State Savings bank, McCausland, receivership, and against Fletcher, Harry Schneckloth and James Fletcher for and costs, and against Ellsworth for have been tered in District Judge court. hearing will held later Fletcher's liability on the Ellsworth H. Paulsen has obtained judg. for $416.80 and costs owing checks against Gelhaar.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.