State Bank (Neola, IA)

Episode Information

Episode UID
72067071532
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7206707 routing
Routing Number
72-0670
Start Date
August 12, 1927
Location
Neola, Iowa (41.449, -95.616)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
332b6cc06a805126

Response Measures

None

Events (6)
1. August 12, 1927 Receivership
Newspaper Excerpt
L A. Andrews, state superintendent of banking and for the State Bank of Neola, filed application in district court ... (receiver).
Source
newspapers
2. August 12, 1927 Suspension
Cause
Government Action
Cause Details
State superintendent of banking acting as receiver; bank in receivership and under court actions.
Newspaper Excerpt
Neola Bank Receiver Files Request in District Court.
Source
newspapers
3. December 21, 1927 Other
Newspaper Excerpt
Overhead expenses, including salaries for employes and other items for six months' operation of the State bank of Neola by L. A. An-
Source
newspapers
4. January 11, 1928 Other
Newspaper Excerpt
The second quarterly report in the receivership the State Bank of Neola filed in district court Wednesday by Andrew, superintendent banking, receiver...
Source
newspapers
5. March 3, 1929 Other
Newspaper Excerpt
Judgments totaling $13,822.45 are asked in three suits filed ... by L. A. Andrew, state superintendent of banking, as receiver of the State Bank of Neola...
Source
newspapers
6. March 21, 1929 Other
Newspaper Excerpt
L. A. Andrew, state superintendent of banking, as receiver of the State Bank of Neola, was authorized Wednesday afternoon by District Judge O. D. Wheeler to pay dividend of 10 per cent on depositors' claims.
Source
newspapers

Newspaper Articles (6)
1. August 12, 1927 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, August 12, 1927

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Article Text

WOULD SETTLE FOR NOTE Neola Bank Receiver Files Request in District Court. L A. Andrews, state superintendent of banking and for the State Bank of Neola, filed application in district court Friday morning for authority to receive $300 consideration for a full and complete release of third mortgage belonging to the bank which was executed by Ellithrop and Mayme E. Ellithrop. W. Ellithrop, holder of the second mortgage, is about to foreclose and has made the offer of $300 as full and complete release of the third mortgage.

2. December 21, 1927 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, December 21, 1927

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Article Text

ALLOW BANK EXPENSES Receiver's Costs at Neola Amount to $24,231.08. Overhead expenses, including salaries for employes and other items for six months' operation of the State bank of Neola by L. A. An-

3. January 11, 1928 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, January 11, 1928

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Article Text

ASSETS NOW Neola Bank Receiver's Report Shows Increase. The second quarterly report in the receivership the State Bank of Neola filed in district court Wednesday by Andrew, superintendent banking, receiver, and Bruce Townsend, examiner charge. revealing that the assets the institution compared $400,142.52 in the report. Since the of the first quarterly report has been paid to the bank by notes which are being held by the bank, including and the principal, which $695.41. The total cash receipts for the quarter was Judge .Wheeler approved the report.

4. March 3, 1929 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, March 3, 1929

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Article Text

BANK RECEIVER SUES Seeks to Recover on Notes for Closed Neola Institution. Judgments totaling $13,822.45 are asked in three suits filed in district court Friday afternoon by L. A. Andrew, state superintendent of banking, as receiver of the State Bank of Neola at Neola, on alleged promissory notes. In the first suit filed against Otto Schulze of Neola, a judgment of $2,564.45 is asked on the first count and $4,000 on the second count. In the second suit against Ray Spencer, Neola, judgment of $2,458 is asked. The third suit asks for a judgment of $4,800 against Ray Spencer, Neola, the maker, and Anna Olsen, also of Neola, who indorsed it as surety.

5. March 21, 1929 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, March 21, 1929

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Article Text

CLAIMANTS WILL GET 10 PER CENT JUDGE AUTHORIZES DIVIDEND BY NEOLA BANK'S RECEIVER. IT'S SECOND ALLOWED L. A. Andrew, state superintendof banking, as receiver of the State Bank of Neola, was authorized Wednesday afternoon by District Judge O. D. Wheeler to pay dividend of 10 per cent on depositors' claims. The dividend will be paid on April 10. Enough has been realized to pay the 10 per cent dividend, Andrew's application declared. This is the second dividend paid on claims pending against the bank. The first, which also was for 10 per cent, was paid on Sept. 19, 1928. It totaled $26,213.72. Andrew was also authorized Wednesday by the court to receive through assignment 117 acres of farm land located Pottawattamie county from Edward E. and Lucille Olsen in settlement worth of promissory notes.

6. September 20, 1929 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, September 20, 1929

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Article Text

7, block 9. Howard's addition, $60. W. H. Wood and wife to Thomas B. Shea, lot 8, block 9, Howard's addition, $20. D. Edmundson to Thomas Shea, lots and 15. block 23, Howard's addition, $100. Schnorr and wife to ThomShea, and block 24, addition. $47.50 S. W. Pichart and wife to Thomas Shea, lot 13, block, 24, Howard's addition, $75. Helen Innes and husband to Thomas Shea, 14 and 15, block 9, Howard's $50 William Arnd and wife to W. Reed, lots and block 68, Riddle's subdivision, A. J. Anderson to Elvin Bryant, lot 8, block 1, Harriman's place, $225. E. M. Scarr to Elvin Bryant, lot 9, block Harriman's place, $225. Ellen E. Gray to Earl Gray, lot 10, block town of Oakland, $1. Earl Gray and wife to Ellen E. Gray, one-half interest in the E½ of lots and 7. block 12, original plat of the town of Oakland, $1. F. Smith and wife H. S. West, lots and 3, block 9, Everett's addition, $1. H. E. Inscho and wife to Florence Thompson, lot 2, except feet, and W 10 feet of block 20, Hughes and Doniphan's addition, $1. Eva Ketcham to H. E. Ketcham, lot 5, Benjamin Fehr, West End subdivision, $1. L. A. Andrew, state superintendent of bank, as receiver of the State Bank of Neola, to B. Carver, south of lot 11, and north of lot 12, block of Neola, $1. Nettie Cross to Mary M. Spears and of SE% of Sec. 6, Twp. 77, R. 41, $2,900. Nettie Cross to Mrs. Caroline Short, N½ of NW1/4 SE% of Sec. Twp. 77, 41, $2,900. Michael Doyle and wife to John Rodenburg, SW½ and W½ of SE% of Sec. 21, Twp. 77, R. H. W. Blackwell and wife to John Carroll, lots 82 and 83, Twin Garden, Smith and wife to Mabel Christiansen, lot 21, block 40, Ferry's $1. McGee Investment company, Inc., to Lars C. Jensen, lot block 10, Evans' Second Bridge F. Ellis and wife to McGee Investment company, lot 4. block Gunn's First addition, and lot block Evans' Bridge addition, $1. W. H. Wood and wife to Thomas B. Shea, lot 8, block 9, Howard's addition, $20. Louie E. Robinson to Nellie G. Cox, lot block 6, Benson's Second addition, Hattie E. Day to Ouren Seed company, lots and 7, block 2, Twin City place, $900. James McCann and wife to the Council Bluffs School district, of an acre in NW1/4 of the E% of Sec. 25. Twp. 75, R. 44, lying south of block Sunnyside addition and west of.lots and 5, McCann's First addition, $1,200. Leighton and wife to Wilena Baughman, south eight acres of E½ of Sec. 13, Twp. 74, R. 38, $225. Oscar Biesendorfer and wife Marie E. Johnston, lot block Home place addition, $3,100. Elmira Pound, by State Savings bank, her guardian, to Mamie Robinson, lot block 2, Wilson Terrace addition, $3,500. Harvey J. Abel and wife to Gladys Abel and husband, NW1/4 of NE% of Sec. 7, Twp. 75, Luchow and wife to Charles Maxwell, lot 46, Lakoma annex subdivision of NE% of SE% of Sec. 13, Twp. 74, R. $100. Ray D. Keating and wife to W. R. in the E½ of SE% of Sec. 25, Twp. 75, Anna Dorsch and husband to M. M. Olsen, lot block 10, McMahon, Cooper and Jefferies' addition, except the 83 feet and inches, $1. Mary Rebecca Runyan to Edith Runyan Farmer and Helen Shepardson, acres in the W½ of NE% of SE% of Sec. Twp. 74, 44; and one-third interest of 20 feet of lot 154, original plat of Council Bluffs: and one-third interest in lot subdivision of origof lot 161, $1. Lainson, sheriff's deed to Lizzie Schiereny, lot 12, block 11, Pierce's subdivision, $902.01 Lainson, sheriff's deed to Katie R. Ibach, lot 41, Lakoma subdivision of N½ of SE% of Sec. 13, Twp. 74, R. 44, $516.99. A. Morse and wife to John Evans, feet of 40 feet of NW% of Sec. 33, Twp. 75, R. 42,