Citizens Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 23, 1927
Location: Spencer, Iowa (43.141, -95.144)

Metadata

Model: gpt-5-mini
Short Digest: 78afec11

Response Measures

None

Description

Article (The Sioux City Journal, Aug 23–24, 1927) reports claims against Citizens Savings Bank settled by transfer of real estate held by the receiver and approved by the district court. This indicates the bank was in receivership and its affairs being settled (permanent closure). No run is described in the article.

Events (1)

1. August 23, 1927 Receivership

Newspaper Excerpt: Claimants against the Citizens Savings bank here have had their claims settled by the transfer of real estate held by the receiver and approved by the district court.
Source: newspapers

Newspaper Articles (1)

1. August 24, 1927 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, August 24, 1927

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Article Text

CLAIMS AGAINST SPENCER BANK FINALLY SETTLED Spencer, Ia., Aug. 23.-Special: Claimants against the Citizens Savings bank here have had their claims settled by the transfer of real estate held by the by the receiver and approved by the district court. City property to the value of $2,500 was transferred to T. M. and Dale Jones, and other city property deeded to N. Christianson to satisfy a claim for $1,800. Judge Davidson also signed a decree on application of Heald, Cook and Heald, establishing the exemption of the McCord home which be touched, but over $140,000 in judgments against him are held by the Citizens bank of Spencer, Royal and Fostoria. The McCord homestead was contracted for sale to P. H. Groth, of Spencer, for $9,000. Attorneys for the bank receivers consented to the issuing of the decree and attorneys that it was understood that the proceeds of the sale of the homestead were to be the property of Mrs. J. H. McCord. CORN ON PEAT LAND IS KILLED BY FROST Humboldt, Ia., Aug. 23.-(P)-Planting corn on peat land as an experiment this season, John Lattin, pros. perous farmer near Humboldt, lost the acreage by frost Corn he had planted in other soil is in excellent condition. Peat land in former years was declared to be useless, but for several seasons, O. Bastian, here, has raised huge crop of potatoes on the peat and muck soil, his northern seed potatoes winning first place against 19 varieties in cooking contest. Three reasons are assigned for peat soil being good for potatoes-the cool soil in spring equivalent to late planting; peat soil is full of nitrogen, peat produces late maturing potatoes which will not overripen. RULES BIBLE MAY BE STUDIED IN HIGH SCHOOL Des Moines, Ia., Aug. 23.ble study may be in Iowa high the instruction is not theological or sectarian in character or devoted to any particular creed, Attorney General Fletcher ruled today an opinion asked by Agnes state superintendent of public instruction. In another opinion, asked by County Attorney C. B. Russell, of Iowa City, Mr. Fletcher ruled that under the statutes the county may give aid to towns the improvement of roads within the town's limits, but cannot give such aid cities. The cities, he sald, theoretically have funds to make their whereas towns might not be so fortunate.