Consolidated National Bank

Episode Information

Episode UID: 232701591
Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 23270 national
Charter Number: 2327
Start Date: July 1, 1932*
Location: Dubuque, Iowa (42.501, -90.665)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 3d22783076cfde87

Response Measures

Full suspension

Receivership Details

Depositor recovery rate: 86.4%
Date receivership started: 1932-07-14
Date receivership terminated: 1940-01-26
Share of assets assessed as good: 24.1%
Share of assets assessed as doubtful: 72.0%
Share of assets assessed as worthless: 3.9%

Events (4)

1. March 20, 1876 Chartered

Source: historical_nic

2. July 1, 1932* Run

Cause: Rumor Or Misinformation
Cause Details: A 'whispering campaign' undermined depositor confidence and started the run.
Newspaper Excerpt: The Consolidated National bank of Dubuque closed its doors last Thursday, after enduring a heavy run for some days.
Source: newspapers

3. July 14, 1932 Receivership

Source: historical_nic

4. July 14, 1932 Suspension

Cause: Rumor Or Misinformation
Cause Details: Bank closed its doors following the heavy run attributed to a whispering campaign.
Newspaper Excerpt: The Consolidated National bank of Dubuque closed its doors last Thursday, after enduring a heavy run for some days.
Source: newspapers

Newspaper Articles (1)

1. July 20, 1932 The Bloomington Record Bloomington, WI

Article Text

tion itself has gone so far beyond him that he feels he must enter his protest. If that is the attitude of Mr. Raskob what must be the feeling of the dry Democrats throughout the country? The Consolidated National bank of Dubuque closed its doors last Thursday, after enduring a heavy run for some days. The run is said to have been started by a whispering campaign which undermined the confidence of depositors. The three banks left in the city are said to have been promised help if any runs develop. On August 31 the people of Wisconsin will see 78 per cent of the sun eclipsed by the moon. The full eclipse will be seen by New England people, and will last two minutes.