Security Trust & Savings Bank (Ryan, IA)

Episode Information

Episode UID
72173071617
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
7217307 routing
Routing Number
72-1730
Start Date
September 14, 1934
Location
Ryan, Iowa (42.351, -91.482)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a70980ddc5f1aee6

Response Measures

None

Description

Receiver is repeatedly referenced; no articles describe a run or reopening.

Events (2)
1. September 14, 1934 Receivership
Newspaper Excerpt
receiver of the closed Security Trust & Savings bank of Ryan (mentioned in multiple articles). D. W. Bates, receiver is handling suits and asset dispositions.
Source
newspapers
2. September 14, 1934 Suspension
Cause
Government Action
Cause Details
Bank was closed and a receiver (D. W. Bates) was appointed to manage and dispose of assets.
Newspaper Excerpt
Receiver D. W. Bates vs. Security Trust and Savings Bank of Ryan. Receiver authorized to dispose of farm in Adams township found in the bank assets to Frank Boss.
Source
newspapers

Newspaper Articles (5)
1. September 14, 1934 The Courier Waterloo, IA

Article Text

DELAWARE TAXES FOR 1934 LOWER BY $128,542.54 Saving for County on Levies Due Next Year $24.90 Out of $100. Manchester, Ia.-Delaware county taxpayers will be saved the sum of $128,542.54 when they pay their 1934 tax rolls in 1935, according to figures of the state board of and review released by Ray Murphy, chairman The reduction will be the result of the three-point tax law now in effect. Altho the tax levies for 1934 have not been completed in Delaware county, it is estimated that a saving of $24.90 out of every $100 will be made. Altho the mill levies on farms are somewhat lower than on city property, taken as an average, the taxpayers in 1935 will pay $75.10 on the usual $100 tax. Delaware county property taxes levied in 1933 for payment this year amount to $516,204.70. Judgments on Notes Asked. Clara G. Dunlap is made defendant in an action just filed in Delaware district court by the Equitable Life Assurance society of New York for $21,469. 43, in farm foreclosure action. The land involved is situated in Hazel Green township. Judgment is asked against Clara G., D. Lewis, Elta and Clara M. Dunlap. similar action filed by the same plaintiff names Henry B. Schneiders and others defendants. The land af fected is in Bremen township, and the foreclosure is for the sum of $11,185.95. Judgment is asked against Mr. Schneiders and his wife. Mary. Other Cases Settled. Several court matters were disposed of Thursday, among them the following Receiver D. W. Bates vs. Delaware County State bank Receiver authorized to scttle indebtedness of L. M. Ryan to the bank for $3,700 in the sum of $3,000. Same receiver vs. Security Trust and Savings Bank of Ryan. Receiver authorized to dispose of farm in Adams township found in the bank assets to Frank Boss. Nellie S. Trewin vs. Maurice Moroney. Final report approved and receiver discharged.

2. March 24, 1935 The Courier Waterloo, IA

Article Text

Decision Withheld in Suit by Bank's Receiver on Note (Courier Special Service) Manchester, Ia.—Judge George W. Wood of Waterloo reserved decision in suit by the receiver of the closed Security Trust & Savings bank of Ryan against Lloyd and Anthony Robinson, sons of former Supervisor W. B. Robinson. The suit was brought by the receiver in an attempt to foreclose a chattel mortgage on a note for $5,000 given by the defendants, who claim that when they issued the note they did so in response to a call to the bank by the board of directors and receiver of the bank, who assured them that by so doing they would offset an equal indebtedness to the bank by their father. They testified that they were not supposed to pay the note later, and that it was subject to annual renewal for five years. Attorneys for the receiver contended that the note was taken in routine of business; that it reduced W. B. Robinson's loans in a similar sum; and that the sons profited by a bill of sale to the father's property. U. S. Baxter of Ryan, former cashier, testified that no assurance was given the sons that they would be freed from payment of the note.

3. June 7, 1935 The Courier Waterloo, IA

Article Text

RULING WITHHELD IN ACTION TO VOID MERRIAM DEEDS Delaware Court Hears Arguments Against Bank's Claim on Property. (Courier Special Service) Manchester, Ia.—Judge Ralph W. Hasner reserved his decision in a law suit involving the estate of the late R. M. Merriam of Ryan and Cedar Rapids, well known in this vicinity. Mr. Merriam died last year from a shotgun wound, which the coroner said was accidental. The case was brought by D. W. Bates, receiver of the closed Security Trust & Savings bank of Ryan, by Charles Kelly of Manchester, examiner in charge. Would Void Conveyances. The receiver claims that certain conveyances of real estate made to the family prior to the death at Ryan of Merriam last year were made to defraud the creditors of the Ryan bank and among them the bank, which allegedly holds Merriam's obligations for $7,900, $2,600 of which is said to represent unpaid stock assessments made necessary by the closing of the bank. H. R. Merriam, attorney for the administrator, argued that before seeking to cancel the conveyances, the bank should exhaust all other sources of collateral in the estate. Two Divorces Granted. Two divorces granted, one to Laura L. Ross from Loren J. Ross of Edgewood. Plaintiff was given the custody of the minor children, and neither party shall be permitted to remarry within a year. Frank C. Brown was given a decree of divorce from Bernice Brown by default. The privilege was given either party to remarry within one year from decree. In the case of Ida Truair against Earl Truair of Manchester, defendant was cited to show cause why he should not be deemed in contempt of court for failure to comply with court order with reference to payment of alimony. Farm Sale Approved. In the case of the Delaware County State bank, the receiver was authorized to sell for $9,200 a 160-acre farm in Milo township to Mrs. Nellie Zwisler of Ryan.

4. June 14, 1935 The Courier Waterloo, IA

Article Text

Tama Man's Will Filed for Probate (Courier Special Service) Toledo, Ia.—The will of Charles S. Cramond, of Tama, was filed in the office of the county clerk for probate Wednesday. It is dated March 11, 1929. He bequeaths to his wife, Emma Cramond, all personal property, and the homestead property on Fifth street in Tama. Mrs. Cramond, however, died two years ago. The will states that at her death, if the property is still unsold, it shall go to the children, Clara Price, Ella Ehlers, Alwildia Campbell and Sarah Kern, and to a granddaughter, Sophia Thompson, in equal shares. Ella Ehlers is named executrix. A codicil to the will is dated Dec. 19, 1932, and states that since the daughter, Ella Ehlers, died since the will was made and left no issue, her share of the estate goes to his children, Clara Price and Alwildia Campbell, a grandson, Robert Kern, and a granddaughter Sophia Thompson, in equal shares. Mrs. Kern also died since the will was executed. DeWitt Kern is named executor instead of Mrs. Ehlers. BANK RECEIVER WINS SUIT TO COLLECT $5,000 NOTES Manchester, Ia.—Ruling of district court here favors the receiver of Security Trust & Savings bank of Ryan in a suit to collect notes of $5,000. Defendants were Lloyd and Anthony Robinson. They alleged the notes were given the bank before its closing simply as an accommodation. Judge George W. Wood ruled against that defense.

5. June 14, 1935 The Courier Waterloo, IA

Article Text

Manchester, Ia.—Ruling of district court here favors the receiver of Security Trust & Savings bank of Ryan in a suit to collect notes of $5,000. Defendants were Lloyd and Anthony Robinson. They alleged the notes were given the bank before its closing simply as an accommodation. Judge George W. Wood ruled against that defense.