Iowa Savings Bank - Hartley, IA

Episode Information

Episode UID: 1663249691447
Episode Type: Suspension → Closure
Bank Type: savings
Bank ID: 166324969 hash
Start Date: July 27, 1920
Location: Hartley, Iowa (43.180, -95.477)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: f5d3e98a4200ead8

Response Measures

None

Description

Corrected OCR: 'Sloux City' = 'Sioux City'. Article indicates bank is defunct and in receivership.

Events (1)

1. July 27, 1920 Receivership

Newspaper Excerpt: C. R. Richards as receiver of the Iowa Savings Bank; Payment of the insurance money will lighten the burden placed on the directors of the defunct Iowa Savings Bank at Hartley
Source: newspapers

Newspaper Articles (1)

1. July 28, 1920 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, July 28, 1920

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Article Text

COMPANIES PAY INSURANCE. Widow of G. E. Knaack Who Was Drowned, Gets $85,000. Primghar, July 27.-The contest over the $235,000 insurance on the life of G. E. Knaack, who was vice president of the Iowa Savings Bank at Hartley, which has been pending in the state and federal courts, has been settled. Eight policies were involved, and the insurance companies were defending on grounds that Knaack had committeed suicide. They also alleged that he made false statements in his application for insurance. The insurance in dispute was taken out in April, 1919, and Knaack was found drowned in a lake near Worthington, Minn, within a few days after the policies were delivered. The suits that have been settled, beneficiaries and amounts of insurance are as follows: Adah M. Knaack, widow: From North American Accident Insurance Company of Chicago, $15,000; National Fidelity of Sioux City, $20,000; Federal Life of Chicago, $5,000; Travelers' of Hartford, Conn., $45,000; total, $85,000. Executors of Knaack estate: From National Fidelity of Sloux City, $25.$25,000; Travelers' of Hartford, Conn. $25,000; Travelers of Hartford, Conn., $50,000; total $100,000. C. R. Richards as receiver of the Iowa Savings Bank; From Travelers' of Hartford, Conn., $50,000. Judgments have been entered in the cases and the money will be paid by Aug. 15. Payment of the insurance money will lighten the burden placed on the directors of the defunct Iowa Savings Bank at Hartley, and will make the payment of depositors and closing up of the bank receivership matter much easier.