State Bank (Oelwein, IA)

Episode Information

Episode UID
72015371599
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7201537 routing
Routing Number
72-0153
Start Date
March 13, 1933
Location
Oelwein, Iowa (42.673, -91.914)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7388e83195882819

Response Measures

None

Description

Bank is in receivership and making dividend payouts; closure date not explicitly given in these clips.

Events (3)

1. March 13, 1933 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver Klug named); closed and under receiver administration
Newspaper Excerpt
State Bank. Oelwein, Receiver Klug (Receiver's D)
Source
newspapers
2. March 22, 1933 Receivership
Newspaper Excerpt
State Bank, Octwein, Receiver Jesse Alta Reid ... (filed Mar. to Chi. Joint Stock Land Bank ... )
Source
newspapers
3. May 26, 1934 Other
Newspaper Excerpt
The State bank of Oelwein will pay a 10 per cent dividend Monday to its depositors. ... the bank will have paid out 55 per cent.
Source
newspapers

Newspaper Articles (7)

Article Text

REAL ESTATE TRANSFERS State Bank. Oelwein, Receiver Klug (Receiver's D) Grandview Add (filed March Cutler. H. Gran(WD) $1 N4A of of NESW SESE NESE A (filed 10th). Sheriff to John Mutual Ins. (Shet D) $7452.96 93 cept (filed Mar Judgment David Irvine Maude Irvine Richards. John D. Estate by ExeMyrtle O'Dell Hazel $2500 Lots Blk 10 Elgin. (filed March 10).


Article Text

AMERICAN VETERANS MEETING Last night the hall city large crowd attended the meeting of the V. to hear the discussion of the new economy bill passed by congress. The bill and its various ramifications telligently and clearly discussed by officers of the V., includArnold Ulzig of Dubuque, state habilitation officer and Chas. Filer of Dubuque. They presented the workings the new law in such manner that the veterans left well satisfied with It was pointed to them that no worthy injured while in service would lose anything, but that there had been hig for disability allowance (not compensation) crept the department, which would be eliminated great extent, thus giving the boys who actually entitled to the compensation better chance at receiving their just camp of will probably be organized in Oclwein REAL ESTATE TRANSFERS. Wichman, Joseph wf. to John B. Gallagher, Recv. Chi. Joint Stock Land Bank (QCD) date of NE 10 (filed Mar. Balk, Philip to Schlichte (WD) $700 3-6-33 date parcel in NWSE 95 (filed Mar. 17). Sherim to Tonn (Sher date lots block Miles Add. Oelwein Emil Zenft (filed Mar. 20). State Bank, Octwein, Receiver Jesse Alta Reid date 2-22-33 lot block Armstrong Add. Oelwein (filed Mar. to Chi. Joint Stock Land Bank (Sher D) $10,000 date SW 3.91A part SESE & NWNE 17 (filed Mar. 20). Sanerbry, Edward et al to Bess Smith (WD) $1 date 2-20-33 Und. 5-11 21 block Fayette (filed 20). Sauerbry, James et al to Bess Edna Smith (WD) $1 date 5-11 lot 21 block Fayette (filed Mar. 20). Werner. Herman W. & to Equit. Life Ins. Co. (WD) $16000 date NE strip rds. wd. side NW 22 SESE 16 (Mar. 20). QUEEN'S WELL By far the most spectacular duction of the high school speech department last evening when the Dramatic club presented Queen's brilliant three-act comedy by Robert Emet Sherwood. Dick Shirk, in the title role of King Eric VIII, give one of the most outstanding performances of his dramatic career. As the figure hend king this imaginary kingdom he added those he has given in the past. His clever interpretation the witty lives brought many laughs from the audience. Elaine Bjorklund. the dominecring Queen Martha, gave an exceptional the haughty "power behind the throne." Grace Abel as the lovely PrinAnne gave very realistic and charming of the royalty who wanted to he person Playing opposite her. Edward O'Brien added additional interest romentic love affair loyalty and common retary. Although Edward is new figure. he has already secured place himself with the local Phipps. the distinctly "royal" butler played checkers with the king. was very splendidly takend Robert Anderson. Robert in his brothers footstore and is filling athem very credible. John Masterpole as the blustering General Northrup was particularly in his uniform and exceptional acting. Albort Phillips ns Lord Bertin, the foreign minister. kept up the Phillips tradition with honor. The other parts: Prince William. Howard Risk; Fillman, George Kerwin: Mayor Blent. Leslie Roberts: Sergeant, Charles Harper: Retty Lockee: Second Eleanor Bjorkhind: Petley. Tun Voelker all added their part to the production whole in very recommendable The new very pretty and showed considerable work. Mr. Bert John Masterpole, Dominic Alello, Tna Voelker, Howard Risk. Georgia Boll Wassom, Betty Locker. Harley McCormick were those responsible for the Other committees included:Blomgren, Paul Roberts. Risk. Leslie O'Brien, GeorWassom, Betty Locker. Between act number duet Betty Howell and Willard Perkins accompanied by Miss Maurine and plano solo Miriam Catlin, the local junior high student who in the district music contest. Much credit due Miss Williams dramatic for the splendid In which each ter took part.


Article Text

COURT REFUSES E. R. O'BRIEN'S PETITION E. R. O'Brien. Oelwein attorney. presented yesterday to Judge Eichendors a petition signed by D. W. Rates, state superitendent of banking. requesting that the four lawyers now acting as attorneys for the receiverships of closed banks in Fayette county be removed from their places and that Mr. O'Brien be appointed in their stead to bandie all five banks. Judge Eichendorf refused to make the order. saying that all attorneys now in those posts are familiar with the conditions in their respective banks. and that all are handling their work satisfactorily, SO that to remove them on account of their polities would be to make a political football of the bank situation. Before coming 10 hold court here Judge Eichendorf refused to make a change in Clayton county, where he was asked to remove D. W. Meier of Monona as attorney for a bank at Garnavillo. It is understood that judge recently removed tour or five Independence attorneys and gave the bank receiver attorneyships held by all of them to R. O'Brien of Independence The attorneys and the banks they represent in Fayette county are as follows: E. B. Shaw. State of Bank of Oelwein: L. H. Sanford. Aetna State bank. Oelwein: M. M. Cooney, Wadena Savings bank and State Bank of West Union: Mildred F. Crawford. State Bank of West Union and Randalia Savings bank. Mr. O'Brien stated that in order to qualify to handle the business of all five receiverships he had withdrawn from all cases in which he was appearing as attorney against any or the closed banks. The four attorncys for closed banks in Fayette county are all Republicans, while Mr. O'Brien is Democrat A flurry was caused when after Mr. O'Brien had filed the petition with Clerk Edgar A. Trueger. had presented it to Judge Eichendorf and had been refused the action requested. The petition found not to be on file either with the court or with the clerk. It's return to the clerk's files was at once requested by Mr. Traeger.-Argo CARD OF THANKS We wish to thank the many Oelwein friends and acquaintances for the beautiful floral pieces and sympathy extended during the death of our mother and grandmother. Mrs. Samantha Pickering. who passed away Sept. Sth its her home in SaMo. O. W. Pickering and family. F. M. Pickering and family. Adv.


Article Text

Fail to Replace Fayette County Bank Attorneys State Banking Superintendent Would Have O'Brien in Receivership Cases. West W. district court refused petition W. Bates, state for removal of present attorneys bank of Fayette and the appointment O'Brien, Democratic attorney from Oelwein. O'Brien, who presented the petition, said he had cases against receiverships order to All present attorneys are Republicans and include Shaw, wein, State Bank of Oelwein: Stafford, State bank of that M. M. West Union, Wadena bank and of State West Union: Mildred West Union, Randalia Savings bank and part of State bank of West Union. Judge Eichendorf recently refused to make changes attorneys receiverships his home county, Clayton, been quested put in place Delbert W. Meler of Monona.


Article Text

Court Refuses to Dismiss Lawyers for Closed Banks O'Brien, Oelwein attorney, yesterday to Judge Eichendorf petition state banking, that the four lawyers now for the receiverclosed banks Fayette be removed from their places and that Mr. O'Brien be appointed in their stend handle all banks, the West Union Judge Eichendorf refused to make the order, saying that all attorneys those posts are familiar with the conditions their respective banks, and that all are handling their satisfactorily, 80 that to remove them account of their politics would be make political football the bank situation. Before coming to hold court here Judge Eichendorf refused make change Clayton county, where he asked to remove Meier of Monona as attorney for bank Garnavillo. is understood that judge recently removed four or five attorneys and the bank held all them to of Independence. The attorneys and the banks they represent in Fayette county are follows: Shaw, State Bank Oelwein; Sanford, Aetna State


Article Text

FORMER BANK RECEIVER AT OELWEIN AND ELMA TRIES TO KILL SELF Fort Dodge, gren this formerly employed the state department Oelwein and later receiver for bank Elma, result self inflicted bullet wound. He expected to recover.


Article Text

IOWA NEWS IN BRIEF Special to The Gazette. MASONVILLE—Wilbur Wheaton, depot agent here, Thursday lost the little finger on his right hand while helping Frank Childs load a car of cattle. In trying to hold a bull, he wrapped a rope around his hands and when the animal jerked him, the finger was torn off. OELWEIN — The senior high school baccalaureate services for the class of 1934 will be held Sunday evening. The Rev. Ada Marie Hillis of the First Baptist church and retiring president of the school board will speak on "The Challenge of the Uncertain." The Rev. F. H. Voelker of the Lutheran church will give the invocation, the Rev. I. E. Wade of the Church of Christ, the Scripture reading, and the Rev. L. W. Hauter of the First Presbyterian church, the benediction. The high school chorus and girls sextet will sing. TOLEDO—Sheriff E. O. Harris has sold the building known as Sally's sandwich shop to Mrs. Herma E. Palmer of Toledo, who is moving it to a lot in Toledo. Mrs. Palmer intends to remodel it into a residence. The sheriff bought the roadhouse from Arthur Bivens, intending to move it to the river for use as a cabin. Several persons wanted to buy it and open a sandwich shop, but the sheriff sold it on the condition that it would be moved from its present location. He said he wanted to be sure that the "padlock" ordered by the court last week would stay locked. OELWEIN—The State bank of Oelwein will pay a 10 per cent dividend Monday to its depositors. This makes a distribution of about $33,000, according to J. A. Courtright, examiner, and the bank will have paid out 55 per cent. The Aetna State bank, also closed in December, 1931, has already paid out 55 per cent. MANCHESTER—Memorial services will be held in Manchester Wednesday by the G. A. R., W. R. C., American Legion, Legion Auxiliary, Spanish American War Veterans, Daughters of American Revolution and Boy Scouts of America. The organizations will form at the corner of Main and Franklin streets at 1:15 p.m. under the direction of Major H. G. Utley. The march will be made to the Marion street bridge, where appropriate services will be held for sailors and marines. They will then proceed to Oakland cemetery for the invocation, general orders, Gettysburg address by June Ilene Jones, address of King R. Palmer, placing of wreaths, benediction, salute and taps. ARLINGTON—King R. Palmer of West Union delivered the commencement address at the high school here Thursday evening. The Rev. H. C. Schiffler of St. John's Lutheran church addressed the class at the baccalaureate services at the Christian church. A class of 16 was graduated. FAYETTE—Jens Grothe, Charles City, will give the Memorial day address here Wednesday. Grothe served in the U. S. naval aviation forces during the World war. For the last seven years he has been county attorney of Floyd county and was mayor of Charles City for two years. The program will include the usual observances by American Legion and Auxiliary and other patriotic organizations. WEST UNION — Scholarship awards in West Union high school went to Margaret Mercer with an average grade of 94.53, and Newell Brink, whose grade was 91.30. The thirty-five members of the class ranked above 80 per cent for the four years, which is much higher than usual. Citizenship medals, offered each year by the West Union Citizens club to the boy and girl in each grade in high school for participation in various lines of endeavor, were presented Friday evening to two senior girls, who were tied, and to one senior boy, Elizabeth Warren, Berniece Stelzmiller and Donald Beermann. Junior winners were Marian Halverson and Arthur Darling; sophomore, Helen Brink and Robert Kamm; freshmen, Frances Halverson and Robert Spies. A prize offered for the first time this year to the boy in any grade who ranked best in scholarship and citizenship went to Arthur Darling, a junior. This was a cash prize of $25, the giver being anonymous. Hannah Lee chapter, D. A. R., offered citizenship medals to eighth grade pupils this year, these being won by Lauretta Lutz and Billy Roach. The presentation was made by Mrs. E. A. McIlree. MANCHESTER—Four seniors will be graduated from St. Xavier's high school here Friday, June 8. They will become members of St. Xavier's high school alumni Sunday at a banquet at the Glen-Charles hotel here. The annual school picnic has been planned for Tuesday, May 29, Elberon, to accept from Jan Herstka $6,000 in full settlement of his promissory note secured by a mortgage on eighty acres of land and to accept in settlement of the balance of his obligation to the bank, which amounts to $1,773.45, the sum of $225 in cash and the proceeds from the sale of twelve head of cattle. Bates, as receiver of the Traer State bank, was authorized to accept $9,276.45 in Federal Land bank of Omaha bonds or cash, or both, in full settlement of the note of O. J. and Florence Mabel Spay, dated March 1, 1924, and payable to John Howard, and assigned by him to the bank. The receiver is then to cancel the note and release the real estate mortgage given as security. WELLMAN—Commencement exercises were held at the high school auditorium Thursday night when twenty-seven graduates received their diplomas. Dr. Harry D. Henry of Iowa City delivered the commencement address before a crowd of 500. Included on the program was music by the high school orchestra and girls' junior trio, and presentation of the class of 1934 and the diplomas by Supt. H. I. Ross. Supt. Ross announced the representative boy and the most representative girl award was made to two girls, Veleanor Duskin and Marcia Wehrle. Their names will be engraved on the plaques presented to the high school by the