Bates v. First Savings Bank

In this proceeding three banks are involved; the First Savings Bank of Richland, Iowa, hereinafter called “Richland Bank”; the Commercial Savings Bank of Washington, Iowa, hereinafter called “Washington Bank”; and the Washington State Bank, hereinafter called “State Bank”.

The first two of these hanks are in receivership. The “Washington Bank” was placed in the hands of the receiver on the 5th day of October, 1931, and the “Richland Bank” on the 10th day of October, 1931. The Washington “State Bank” is a corporation formed after the failure of the “Washington Bank”, and by arrangements with…