Article Text
Iowa Bank Closed. Sioux City, Ia., December 9.-The state bank of Oto, at Qto. Iowa, with a capital of $25,000 was thrown into receivership in district court on petition of the Iowa bank superintendent.
State Bank (Oto, IA)
Episode Information
- Episode UID
72200071464- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
7220007routing - Routing Number
72-2000- Start Date
- December 9, 1921
- Location
- Oto, Iowa (42.284, -95.893)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
37fedc3c2007b7e7
Response Measures
None
Description
One article OCR shows 'Qto' but refers to Oto; bank was placed in receivership.
Events (2)
1.
December 9, 1921
Receivership
- Newspaper Excerpt
- The state bank of Oto, at Qto. Iowa, with a capital of $25,000 was thrown into receivership in district court on petition of the Iowa bank superintendent.
- Source
- newspapers
2.
February 20, 1923
Other
- Newspaper Excerpt
- Fifteen Borrowers from Defunct Oto Bank Are Defendants. Eleven suits to collect $4,796 on promissory notes have been filed by L. L. Zavitz, receiver for the State bank, of Oto...
- Source
- newspapers
Newspaper Articles (4)
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Article Text
BANK RECEIVER SUES ON NOTES Fifteen Borrowers from Defunct Oto Bank Are Defendants. Eleven suits to collect $4,796 on promissory notes have been filed by L. L. Zavitz, receiver for the State bank, of Oto, against 15 persons, as follows: Merrel Slentz, $120; James Burke, jr., $715; Leo L. Mak and Helen M. Mak, $485; E. G. Wise, $37; W. S. Church and R. N. Rawson, $78; Joe Weathers and H. C. Feddersen, $2,000; J. S. Wise, $30; Neil M. Wise, $100; J. B. Wood, $60; Frank Diamond, $435; J. Shoberg and L. H. Allemang, $705. A judgment for $2,460 on a note is demanded by the Citizens State bank, of Anthon, against A. H. Livermore and Goldie Livermore, in a petition filed in district court.
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Article Text
WHO OWNS STOCK? Question Puzzles Receiver for Oto State Bank. Who owns the stock in the defunct Oto State bank, Oto, Ia., and how much should each stockholder be assessed to pay the bank's debts? These are the questions which L. L. Zavitz, receiver, asks the court to answer in a petition filed with the county clerk. The receiver states that a few days after he was appointed receiver many transfers of the bank stock were made. He also says that a number of the stockholders are unable to meet a 100 per cent assessment on their stock. Some of the stockholders, says Zavitz, claim to hold their stock merely as agents. Others are financially irresponsible, so that it is difficult to determine the assessment each stockholder should pay in order to provide funds to pay off the bank's debts. He asks the court to enter such judgments against each stockholder as it may deem advisable.
Click image to open full size in new tab
Article Text
Who owns the stock in the defunct Oto State bank, Oto, Ia., and how much should each stockholder be assessed to pay the bank's debts? These are the questions which L. L. Zavitz, receiver, asks the court to answer in a petition filed with the county clerk. The receiver states that a few days after he was appointed receiver many transfers of the bank stock were made. He also says that a number of the stockholders are unable to meet a 100 per cent assessment on their stock. Some of the stockholders, says Zavitz, claim to hold their stock merely as agents. Others are financially irresponsible, so that it is difficult to determine the assessment each stockholder should pay in order to provide funds to pay off the bank's debts. He asks the court to enter such judgments against each stockholder as it may deem advisable.