State Bank (Rock Valley, IA)

Episode Information

Episode UID
72055371592
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7205537 routing
Routing Number
72-0553
Start Date
August 12, 1932
Location
Rock Valley, Iowa (43.205, -96.295)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
16e80e481bc7e58f

Response Measures

None

Description

Bank was placed in receivership and remained closed under a receiver with dividends paid; no reopening reported.

Events (2)
1. August 12, 1932 Receivership
Newspaper Excerpt
Receiver of the State Bank of Rock Valley. to re-purchase pledged notes... D. W. Bates receiver of the State Bank of Rock Valley has filed a petition asking for judgment... Receiver authorized to pay a dividend of 10 per cent on the deposit claims out of the money on hand now.
Source
newspapers
2. August 12, 1932 Suspension
Cause
Government Action
Cause Details
Superintendent of Banking case led to a receiver and court-approved inventory, indicating suspension by regulatory action
Newspaper Excerpt
Order of court signed in the case L A. Andrew, Supt of Banking of the State of Iowa. versus State Bank of Rock Valley, Rock Valley, Iowa, approving report and inventory listing assets and property of said defendant
Source
newspapers

Newspaper Articles (7)
1. August 12, 1932 The Sioux County Index Hull, IA

Article Text

tiff versus C. P. De Jong and De Jong and Company, defendants Plaintiff de mands judgement against defendants for the sum of $67.00 and for costs of this action, for the collection of pay ment for merchandise sold by the plaintiff to the defendant. Order of court signed discharging the receiver in the case Bruce Vosburg versus Exchange Bank of Gran ville, Iowa. and Clarence N. Graff Said receiver was Math M. Goergen and the said bank instead of going into receivership continued business on a waiver plan. Order of court signed in case L A. Andrew, Supt of Banking of the State of Iowa. versus State Bank of Rock Valley. Rock Valley, Iowa, approving report and inventory listing assets and property of said defendant Receiver's twentieth report up to, and including the 30th day of June, 1932. approved in the case L. A. Andrew, Supt., versus Hawarden State Bank. Minnie De Vries has been appointed administratrix in the matter or the estate of Maggie Schaap, deceased The Last Will and Testament of William Hoogschagen. deceased. has been filed for probate and the hearing has been set for September 5th, 1932. at 10 o'clock, A. M., at the Court House, in Orange City, Iowa.

2. March 15, 1933 The Sioux County Index Hull, IA

Article Text

HAPPENINGS AT THE COURT HOUSE AT ORANGE CITY, IA. (Continued from Page Four) 94-47. Company filed a pet)of tion asking for judgement against A. G. Janema in the sum of $54.76. with interext and costs. Plaintiff alleger this amount due them for goods, an! on November 28. 1931. INE for judgement against Gerrit Beyers on a promissory note for the eirm of $60.00 with Interest and with costs of this action. Schneider for the allm of $125.00 and and defendant executed and delivered to drawn on the Alton Havings Bank, that said checks were presented for payment and payment refused for want of Henry Manden filed petition ask. St., in the gum of with in. and that real estate mortgage he fore. closed. The B. P. Goodrich Rubber Company filed petition anking for judge ment against Henry Blankespoor in the surn of with interest and costs Plaindift claims this amount to the balance due them for goods. warer and merchandise sold defendants in The First Joint Stock land Bank of Chicago filed petition asking for and Ada Ver Maat in the aum of 421.02. and foreclosure of real estate The Equitable Life Insurance Co., of Towa filed a petition asking for judgement against John Harmelink and Jeanette Harmelink in the SUITI of $3,436.08 with interest. attorney's fees and costs and forecloaure on real estate morigage on the East 60 ACTOR of NWW of Section Township 36 46. Henry VanWechel filed petition asking for judgement against Joe VanderWik and Peter VanEs. Sr.. in the sum of $626.62. with interest. torney's fees and costs, on promisROTY note. In the case of Ella Bierma el al. order was signed confirming the sale of Lots and in Block 40. First Addition to North Sionx Center for the sum of $1500 as reported by the Referee. In the case of the Mutual Benefit Life Insurance Company versus John Hergh et al, decree was signed. giving plaintiff indgement against the said John F. Bergh in the sum of $10,616.00. and real estate mortgage foreclosed. An order was signed authorizing the Receiver of the State Bank of Rock Valley. to re-nurchase pledged notes from the Security National Bank at Sionx City, aggregating $23. for $8,750.65 An order was signed Authorizing Receiver of the Hawarden State Bank known AS the Hawarden Roller Mills Block the of and Mrs. Herman Mr. and

3. October 20, 1933 Rock Valley Bee Rock Valley, IA

Article Text

DOINGS COURT Rock Valley State Bank Receiver Authorized to Pay Ten Per Cent Dividend Soon An order was issued by the Court authorizing the Receiver of the State Bank of Rock Valley to pay a dividend of 10 per cent on the deposit claims out of the money on hand now. In the case of the John Hancock Mutual Life Insurance Company of Boston, Mass., VS Tunis and Jane Jansma et al, an order was issued approving the final report of the Receiver, F. T. Mc Gill, and that upon the filing of the receipt signed by the plaintiff for the sum of $453.32 in Receiver's hands, the Receiver shall be discharged, and his bond exonerated and this receivership closed of record. An order was isued in the estate ofHenry Vanden Top approving the leases of real estate by John De Koster, Administrator, to P. L. Nissink, Henry Oostenink and Jake Hoogland, at the rate of $6.00 per acre. An order was issued authorizing Neal Mouw, H. K. Eggink and Fred Kuhl, Sr., administrators of the estate of George Kuhl, to sell the interes't of the decedent, held by the estate, an undivided interest in the SW1/4, and the NW1/4 of Section 7-96-45 at public or private sale. John De Koster, Ben J. Meylink and De Mots were appointed appraisers of the real estate. An order was issued authorizing Scanlan, guardian of John D. Lynch and Josephine Lynch, minors, to assign to the Equitable Life Assurance Society of the United States, the lease with Jake Mantel for the year ending March 1, 1934 and the lease with John and Wissink covering the year ending March 1935, said assignment to be made as security for the payment of delinquent and accruing interest on the farm mortgage and taxes, on condition that said mortgagee defer bringing suit on its said note and mortgage until after March 1935. The final report of Tine Muulder and Hattie Kooiman, executrixs of the C. W. Kooiman estate was approved by the Court, they discharged and their bondsmen released. The final report of John Brandenburg, administrator of the estate of Joseph Reuter was approved, he discharged and his bondsmen released. The final report of Minnie DeVries, Administratrix of the estate of Maggie Schaap, was approved by the Court, she discharged and her bondsmen released. D. W. Bates receiver of the State Bank of Rock Valley has filed a petition asking for judgment against W. Ver Mulm upon his promissory note in the sum of $586.28, with interest at 8% from March 23, 1933 and for costs. Frederick De Jong has filed a petition at Law in Attachment asking for judgment against L. Niessink on his promissory note in the sum of $1,340 with interest at 6% from September 1, 1933, and for costs and attorney fees. Plaintiff further asks that a writ of attachment issue

4. October 20, 1933 Rock Valley Bee Rock Valley, IA

Article Text

gainst the lands and tenaments, goods and chattels, rghts and credits of the defendant. An order was issued granting relief and decreeing the Estate of James Gourley exempt from inheritance tax, for the reason that the exemptions allowed by statute exceed the gross value of the entire estate of the decedent. D. Bates, receiver of the State Bank of Rock Valley has filed a petition asking that the title and estate of Lots 1 and 2, Block 14, Rock Valley, except the South 22 feet of Lot 2, be established against the adverse claims of H. C. Piatt et al, the defendants, and that the title thereto be quieted in the plaintiff and the defendants pay the costs of the proceedings. The Mutual Benefit Life Insurance Company has filed petition against Fred Kuhl, Sr., et al asking for judgment in rem against the SE1/4 of Sec. 28-96-45 in the sum of $16,800 with interest at 8%, costs and Attorney fees, and that the mortgage be foreclosed on the aboves described real estate. Chas. W. Keniston has filed a petition asking for judgment against Fred W. Fleshman in the $360 as rent due on the building used as a tire store, with interest at 6%, and all costs of action; and that a writ of attachment issue for the enforcement of his landlord's lien. Frank Wakeman has filed petition asking for judgment against F. Finnie and Viva Finnie for the sum of $1076.71 with interest at 8%, costs and attorney fees and that the mortgage be foreclosed on Lot 11, Block 18, Western Town Lot Company's second addition to the Town of Hawarden.

5. February 9, 1934 The Alton Democrat Alton, IA

Article Text

COURT DISPOSES OF ROUTINE MAT- TERS between sessions of the trial Claude Bensley of in discourt at Orange City the past week. the court has had time to sign occasional order or decree. the fullowing matters being among those disposed the matter of Dick Van Eldik Gerben Van't Hul et al, the was authorized In an order court pay sum of $50 out rentals the Bankers Life Insurance of Des in payment deficiency in rents when said comgained possession of the proper- The receiver in the case of Alice M. John Aniders authorized by the court to begin landlord's against Tony Duistermars the collection of rentals due. An order was Issued the report of the receiver of HawarState bank The cash hand Dec. amounted The court approved compromise of the indebtedness of Van Beek to the Rock Valley State Bank by the receiver, and authorized said receiver join in the application of Cornelis Tennissen for corn loan also apreceiver's 6th report that after the payment 10% dividend last fall. the cash hand of Dec. 31, 1933, amounted In the receivership of the Exchange bank an order authorizing settlement of Graff Indebtedness, and also an order approving receiver's first report by Rife, the assistant examiner charge of the receivership. His report showed deposit ciaims amounting to and public funds claims or total claims of In the list of claims the deposit is Total cash (ceipts up the time the report was made, $2,990.80. the total expense of the Dec. 31, 1933. Cash hand to enough to pay 10% dividend depositors. An order the Exchange bank fixing Feb. 24 at 10 the date of and notice on report of receiver classification, correction, allowance and rejection of claims, preferences and offsets. was the supplemental judgment entry and issued the case of Mutual Benefit Life Insurance V8. Alexander Shaffer, An order issued approving comproof and Van Ginkel in Rock Valley State bank receivership. Mr. In Hawarden State bank receivership the court authorized the sale of Wilder house Calliope to John for $1500 deposit claim, subject to the 50% dividends already paid. Another order in the same matter approved compromise the indebtedness of Henry Johnson. It's been banner week for Continued on Local Page

6. May 31, 1935 The Alton Democrat Alton, IA

Article Text

Dividend To Depositors R. Valley Bank A dividend of 10 per cent in the receivership of the Rock Valley State Bank was authorized the past week by the court. Depositors will receive the benefit. Visions of the old Rock Valley Fair association arise, with the filing by Charles Gayer of an action against the old fair organization. A motion by the defendant to dismiss the plaintiff's petition was overruled by the court. An order authorizing the receiver to compromise the indebtedness of August Luken in receivership of Exchange bank, Granville, was signed by the court. In the receivership of the Boyden Bank, the receiver was authorized to accept $1750 in full settlement of Gerrit Wegter notes for $6,000. By agreement of attorneys, the court entry may be made in vacation in the case of receiver of American Trust and Savings bank, LeMars, vs. Verne Keough et al, the matter in which attorneys for the mother of the Keough boys claims an annuity left to her in her husband's will is senior to any rights of mortgagees, and that her son in placing a mortgage on his name could not sign away her right to the annuity from the land. Mortgage foreclosure actions brought by the Equitable Life Assurance Society of the U. S. against George W. Murray, John G. Van Otterloo and Nan M. Disbrow, were ordered continued until March 1, 1937, under the mortgage moratorium laws of Iowa. In the case of Albert Bunning vs. Jennie Bunning, the matter, by agreement, was taken under advisement. In receivership of First National bank, Hull, the receiver was authorized to sell lots 1, 2, 7 and 8, block 6, in the east addition of Orange City, to Peter Vander Zwaag, for $2,150. Four marriage licenses issued the past week are as follows: Henry Teunissen 28, Doon, and Jennie De Bruin 24, Maurice; Fred Brandes 25 and Cornelia De Groot 20, both of Sioux Center; John Wiersma 25, Orange City, and Dorothy Vande Berg 25, Hospers; Lawrence Scholten 29, Orange City, and Esther M. Jansen 23, Alton. P. E. Vermeer, chairman of the Sioux County Corn-Hog Allotment board, was in Des Moines last week urging more liberal rulings on hog contracts. He was instrumental in getting the state committee to ease up on hog restrictions which handicapped those who have been practically forced out of the hog business by lack of capital in the past couple of years. Mrs. Ella Mae Collins left Tuesday for her home at Coleridge, Neb., after a visit here at the L. F. Reifert home.

7. July 26, 1935 Rock Valley Bee Rock Valley, IA

Article Text

DISTRICT COURT NEWS OF SIOUX COUNTY William Cash and George W. Price, who pleaded guilty in Plymouth County to the charge of robbery with aggravation, which carries a maximum sentence of 25 years, pleaded not guilty when brought from Sioux City before Justice of the Peace C. deBooy at Orange City. Cash and Price were bound over to the Grand Jury and will be tried in connection with the robbery of the Orange City National Bank. The Receiver of the State Bank of Rock Valley was authorized by the Court to compromise the indebtedness of Peter Stegenga in the amount of $3,384.50 upon payment of $846 in cash. The Court entered an order authorizing Doris Waanders, Guardian of the property of Adrian Charles Kuipers, to invest the sum of $3000, now in his hands in 3% Consolidated Federal Land Bank Bonds. An order was issued by the Court authorizing M. D. Gibbs, Receiver of the Bank of Northwestern Iowa, of Alton, to make compromise settlement of the judgment against B. T. Bay and Mable D. Bay in the amount of $4324.65 upon payment of $295 cash to the receiver. Upon petition, William Sandbulte was appointed guardian of the property of Annie, Johanna, Henrietta, John, Gertie, and William De Groot, minors, heirs of Hendrika De Groot, deceased, with bond fixed at $1000. The 2nd and 3rd reports of C. B. Shcaap and Ben M. Nymeyer, receivers, were approved by the Court in the case of G. E. Roelofs et al vs the Society of Reformed Secondary Instruction.