Corn Belt Savings Bank (Cedar Rapids, IA)

Episode Information

Episode UID
47005471583
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
4700547 routing
Routing Number
47-0054
Start Date
November 24, 1931
Location
Cedar Rapids, Iowa (42.008, -91.644)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5c6068c7576ecc72

Response Measures

None

Description

Article 1 has OCR errors but clearly reports the bank closed and a receiver appointed.

Events (5)
1. November 24, 1931 Receivership
Newspaper Excerpt
Andrew took over the institution. L. A. Andrew, receiver for the Corn Belt Savings bank ... obtained a $24,722.09 judgment ... (1932 article describing receiver actions).
Source
newspapers
2. November 24, 1931 Suspension
Cause Details
Article reports failure/closure and receiver appointment but gives no specific trigger (OCR text unclear).
Newspaper Excerpt
Cedar Rapids Bank Closes Its Doors ... The Corn Belt Savings bank here failed open its doors for business ... Andrew took over the institution.
Source
newspapers
3. January 27, 1934 Other
Newspaper Excerpt
approved the ninth quarterly report of the receiver of the Corn Belt Savings bank ... Three dividends totaling 50 per cent or $242,024.87 have been paid to depositors in the closed bank according to the report.
Source
newspapers
4. September 12, 1934 Other
Newspaper Excerpt
Corn Belt Savings bank, Cedar Rapids, Ia., fourth payment of 10 per cent. totaling $60,059.69 Sept. 12; (dividend payment listed).
Source
newspapers
5. May 27, 1935 Other
Newspaper Excerpt
application of D. W. Bates, Receiver of the Corn Belt Savings bank ... asking for authority to enter into a contract to sell and convey ... (notice of hearing on receivership sale).
Source
newspapers

Newspaper Articles (8)
1. November 24, 1931 Mid-West Progressive Muscatine, IA

Article Text

Cedar Rapids Bank Closes Its Doors CEDAR RAPIDS, Ia. The Corn Belt Savings bank here failed open its doors for business when the of banking. Andrew took over the institution. Assets the bank are about while the $100,000 and deposits June 30, 1931 were approximately CHRISTMAS TREES TO SEATTLE, Wash. (INS) Christmas trees for to the Philippine Islands the newest venture of the Christmas Tree Association, cooperative organization with members Washington, Oregon, Idaho, and British Columbia. sample lot of 500 trees, from table to 20 feet in height, finds consignment yearwill grace Philippine homes Yuletide. Half million trees will be shipped to 38 States this year by the cooperative.

2. March 4, 1932 The Gazette Cedar Rapids, IA

Article Text

Corn Belt Bank Receiver Awarded Two Judgments L. A. Andrew. receiver for the Corn Belt Savings bank. obtained a $24,722 09 judgment against the Cedar Craft company in District Judge F. O. Ellison' court yesterday afternoon The receiver for the Corn Belt bank also was awarded a judgment against D A Carlson in a foreclosure action and lien on the fixtures and at the Carlson Cigar store 323 Second avenue SE Andrew as the bank's receiver also dismissed a foreclosure action against Anton Balsanek et al. Marcella Pechar suing through her father John Pechar dismissed a damage suit against Charles Raymond in Judge John T. Moffit's court Nelson W Wehrhan was granted a quieting title to farm property in Fayette township west of Palo by default in Judge Ellison's court The default decree applied to all but two of many defendants being continued as to N. C. and Anna E. Lunt. who have not yet been served with notice of the suit. The farm property extends into the west edge of Benton county. services for Mrs. Arnold Bader who died at her home in Monticello Wednesday afternoon, will be held Sunday afternoon at the Reformed church. the Rev Armin H. Tendick officiating As Sophia Neiman Mrs. Bader was born in Hessen. Germany Oct 18. 1868. She came to this country at the age of 13, making her home with an uncle and aunt at Strawberry Point for a number of years before coming to Monticello On March 29 1894 she was married to Arnold Bader Following few years residence in Monticello, Mr. and Mrs. Bader moved to the Bader homestead in South Fork township Delaware county where they lived for thirty years before returning to make their home in this city last December Besides her husband, Mrs. Bader survived by two children. Mrs John Robinson of Monticello and Henry Bader. who lives on the home farm one sister, Mrs John Wenger of Sioux City, and three grandchildren.

3. May 2, 1932 The Gazette Cedar Rapids, IA

Article Text

for damage to his name and reputation as a result of the charge. Files Insurance Claim. Walter Giza, 1500 Sixteenth avenue SE. has filed suit against the John Hancock Mutual Life Insurance company of Boston for $2,999 damages under a life and disability insurance policy. Giza claims that month after he took out the policy last July 15, he became totally and permanently disabled by disease but that the insurance company has denied He says the value 000 and the value the total and manent disability benefits $1,999, and he asks the court to adjudicate his claim. Probate Popelka Will. The will of Frank Popelka, 90 who died March 20 his home. 921 Ninth street SE. was probated Judge John Moffit's court Judge Moffit approved nomination of the testator's two sons. Joseph A. and Popelka executors without bond Popelka quest of $100 to Hus Memorial church. which he was a charter member The remainder is to be divided equally among his eight children. Joseph A. and S. Popelka Mrs. Anna Karban. Mrs. Emma Mrs. Mary and Mrs. Julia Kinkead, all of Cedar Rapids, and Mrs. Albia Hess of Solon. Postpone Building Sale. Sale the building occupied by the Corn Belt bank comes up for hearing in Judge Moffit court at 9 a.m. tomorrow The hearing was scheduled for today but was continued the Palumbo Brothers, bidders, whose attorney was out the Application for of the property was made April 20 by L. A. Andrew. receiver of the bank. The receiver said $22,000 was the best offer he had received for the building. made Tschirgi, and he asked permission to sell it at that figure This morning, however. Palumbo Brothers filed an application asking permission to bid on the structure The building at $22 by the appraisers. Arthur Hurtt Horace G. Hedges and Walton A. Keller. Sues Rockstad For Divorce Mrs. Blavney filed divorce suit against Paul LaVern Rockstad in district court today, alleging cruel treatment Rockstad is resident of Jones county Mrs. Rockstad coustody of their 4year-old child.

4. October 1, 1933 The Des Moines Register Des Moines, IA

Article Text

BANK RECEIVERS PAY $1,231,000 Election Involves More Than Fate of Candidates September Dividends Fight Raises Curtain Listed by Bates. on 1934 State Iowa banks in receivership paid a total of $1,231,927.79 in divi- Campaign. dends during September, the report for the month by D. W. Bates, state superintendent of banking, showed Saturday. Seventeen banks declared dividends during the month. the largest dividend being paid Sept. 15 by the American Savings Bank & Trust Co. of Burtington. The dividend of $430,641.71 amounted to 10 per cent. The second largest dividend amounting to 38 and representing 30 per cent was paid by the Delaware County State bank of Manchester, Sept. 1. Creditors Get Payment. A dividend of 899 85 was paid by the Union Trust & Savings bank of Dubuque in a 10 per cent payment Sept. 20. The greatest percentage of the total deposits in any bank paid in a dividend during the month was 32 per cent paid Sept. 20 by the Peoples Savings bank of Des Moines. The dividend of $50,261.03 differed from the other dividends in that it went to creditors rather than depositors of the bank in connection with the merger of the People's Savings bank with the Bankers Trust Co. several years ago. Called "Satisfactory." Superintendent Bates said the dividend payment record of the one Other dividends paid by Iowa banks in September were: Corn Belt Savings bank, Cedar Rapids, 10 per cent, $60,059.69 Sept. 12; Corley Farmers Savings ers Savings bank. Cushing, 10 per cent, $7,054.64 Sept. 18; Farmers & Merchants Savings bank, Durant, 5 per cent, $40,861.65, Sept. 21. 10 Per Cent at Haskins. Farmers and Merchants Savings bank, Haskins, 10 per cent, $8.274.62, Sept. 25; Farmers & Traders Savings bank, Hillsboro, 15 per cent, $10,972.16, Sept. 19 Citizens Savings bank, Lester, 10 per cent, $18,769.8 Sept. 21. Lockridge State bank. Lock ridge, 10 per cent, $12,878.87 Sept. 21: Monteith Savings bank, Monteith, 15 per cent, $7,314.44 Sept. 22: American Savings bank Muscatine, 5 per cent, $58,519.71 Sept. 25; Thornburg Savings bank, Thornburg, 20 per cent, $11,244.59, Sept. 28. $7,640 at Truro. Truro Savings bank, Truro, 10 per cent, $7,640.90. Sept. 22; Peoples State bank, Winthrop, 10 per cent, 9,846.77 Sept. 28. One of the 17 banks paid its fourth dividend, five paid third dividends and four second dividends.

5. January 27, 1934 The Gazette Cedar Rapids, IA

Article Text

Approves Quarterly Report Of Corn Belt Bank Receiver Judge A. B. Clark in district court Friday approved the ninth quarterly report of the receiver of the Corn Belt Savings bank of Cedar Rapids. The report, covering the period from Sept. 30 to Dec. 31, 1933, showed cash on hand at the quarter's close as $4,192.44. Three dividends totaling 50 per cent or $242,024.87 have been paid to depositors in the closed bank according to the report. Gets Judgment On Appeal. L. Shoemaker, assignee for Dr. H. Jones, was awarded a $100 judgment against Mrs. Jennie B. Cunningham in district court Saturday by Judge H. C. Ring in an account action decree, returned following a hearing Jan. 20. The finding reverses a decision of Justice A. S. Reed on which the case was appealed last Aug. 18. The justice had held for the defendant and the plaintiff appealed to the district court. Hears Note Suit Evidence. Judge John T. Moffit in district court Friday heard defendant's evidence in a $1,000 promissory note suit of B. R. Stuff against Mr. and Mrs. C. E. Stuff. Under a counterclaim C. E. Stuff asks judgment for profits under an alleged partnership to deal in potatoes. Granted Possession Of Car. Judge A. B. Clark in district court has found for the plaintiff in a replevin suit of the Interstate Finance corporation against Weldon H. Toeller and awarded the plaintiff judgment for possession of an automobile. The plaintiff averred that Toeller defaulted in payments under a conditional sales contract.

6. January 27, 1934 The Gazette Cedar Rapids, IA

Article Text

Judge A. B. Clark in district court Friday approved the ninth quarterly report of the receiver of the Corn Belt Savings bank of Cedar Rapids. The report, covering the period from Sept. 30 to Dec. 31, 1933, showed cash on hand at the quarter's close as $4,192.44. Three dividends totaling 50 per cent or $242,024.87 have been paid to depositors in the closed bank according to the report.

7. December 22, 1934 The Des Moines Register Des Moines, IA

Article Text

3 IOWA BANKS START PAYING WAR UNIT FIGHTS FEDERAL ARMS Largest at Lyons Releases Says Ownership by $113,000 to Depositors. U. S. Would Fail. New York Produce. DRESSED Minneapolis. Milwaukee. St. Louis. LOUIS FRIDAY May Liverpool. LIVERPOOL Winnipeg. Omaha. FRIDAY Hay Market New York Kansas City. Chicago Produce. BUTTER No. Omaha Produce. Bank payments were announced Friday at several cities in Iowa They included the following: Corn Belt Savings bank, Cedar Rapids, Ia., fourth payment of 10 per cent. totaling $60,000. William Lamb bank. Glenwood payment of $25,000 from estate 10 per cent payment, totaling

8. May 27, 1935 The Gazette Cedar Rapids, IA

Article Text

Denning Still Hunted. Harper was later captured at Lexington, Kentucky, Dec. 3, and since has received fifteen years at Leavenworth, Kansas, penitentiary on a plea of guilty. Hoover said the same quartet engineered the Dell Rapids robbery, while Limerick, Denning and Ernest C. Verheul, brother-in-law of Limerick, robbed the Hudson bank. The Smith Center robbery also involved use of a machine gun, Hoover said, and six employes were carried away as hostages but released unharmed later. The employes identified photographs of Limerick and Denning later, Hoover said. Denning is still sought by federal officials. Suspected In Other "Jobs." Limerick also is suspected in the following robberies, Hoover said: Hawarden, Iowa, First National bank on October 15, 1934, by three men, $2,113.87. Aurora, Nebraska, First National bank on August 25, 1934, two bandits, $1,535.40. Holdrege, Nebraska, First National bank, three bandits on September 22, 1934, $5,500. Norfolk, Nebraska, Delay National bank on November 9, 1934, three bandits, $22,850. LOWDEN—At a recent meeting of the school board, Miss Marguerite Theobald of Iowa City was elected principal of the high school and instructor in home economics, history and physical training; Miss Ada Young of Zearing, music, English and dramatic art and Miss Minnie Geffers of Grand Mound, primary grades and grade music. NOTICE OF HEARING ON APPLICATION FOR AUTHORITY TO ENTER INTO CONTRACT TO SELL AND CONVEY REAL ESTATE. To all depositors, creditors and persons interested in the matter of the receivership of the Corn Belt Savings bank of Cedar Rapids, Iowa: You are hereby notified that there is now on file in the office of the Clerk of the District Court of Linn County, Iowa, the application of D. W. Bates, Receiver of the Corn Belt Savings Bank of Cedar Rapids, Iowa, asking for authority to enter into a contract to sell and convey to S. E. Maresh the following described real estate, to-wit: "Lot Eight (8), Block Three (3), Greendale Addition to Cedar Rapids, Linn County, Iowa." Also asking for authority to pay and satisfy from the purchase price a first mortgage lien against said real estate and to pay a real estate commission to T. G. Eicherly, real estate agent who negotiated the sale, and for authority to charge the difference, if any, between the amount at which said real estate is carried by the Receiver and the amount which he actually receives through the sale, as a loss on ledger assets. For further particulars you are referred to said application which is now on file. You are further notified that an order has been made by the above entitled Court fixing the 3rd day of June, 1935, at nine o'clock A. M. at the court house in Cedar Rapids, Linn County, Iowa, as the time and place of the hearing on said application of the Receiver. You are further notified that unless you appear and show cause, if any there be, why the prayer of said application should not be granted, an order will be made authorizing the Receiver to enter into said contract to sell and convey to S. E. Maresh the above described real estate, and to pay and satisfy the first mortgage against said real estate, and to pay a real estate commission, and the prayer of said application will be granted. Dated at Cedar Rapids, Iowa, this 27th day of May, 1935. D. W. BATES, Receiver, Corn Belt Savings Bank of Cedar Rapids, Iowa.