First National Bank - De Witt, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 3182
Charter Number: 3182
Start Date: January 1, 1933*
Location: De Witt, Iowa (41.823, -90.538)

Metadata

Model: gpt-5-mini
Short Digest: 2096a7ac61242224

Response Measures

None

Description

Article (Quad-City Times, 1933-02-02) reports First National Bank of DeWitt reopened after a weeks holiday during which depositors signed waivers to establish a trust fund to liquidate slower assets. No explicit run is mentioned; this appears to be a temporary suspension/holiday followed by reopening. I interpret the prior closure as a voluntary suspension related to internal liquidation/rehabilitation measures. Reopening date inferred as Feb 1, 1933 from text context.

Events (4)

1. May 12, 1884 Chartered

Source: historical_nic

2. January 1, 1933* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank had been closed for a weeks holiday while depositors signed waivers to establish a trust fund to liquidate slower assets (rehabilitation/arrangement)
Newspaper Excerpt: reopened after weeks holiday
Source: newspapers

3. February 1, 1933 Reopening

Newspaper Excerpt: DeWitt, Feb. First National bank ... reopened after weeks holiday, morning which depositors signed during establishing trust fund waivers slower assets for liquidation the institution. New deposits after this date are demand and under payable agreement time deposits, less than 90 days, cent interest.),Two Per Cent Interest on Time Deposits to Be Paid. (OCR corrected),cause:null}]}
Source: newspapers

4. May 25, 1944 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 2, 1933 Quad-City Times Davenport, IA

Article from Quad-City Times, February 2, 1933

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Article Text

REOPENED Two Per Cent Interest on Time Deposits to Be Paid. DeWitt, Feb. First National bank which George Meyers president reopened after weeks holiday, morning which depositors signed during establishing trust fund waivers slower assets for liquidation the institution. New deposits after this date are demand and under payable agreement time deposits, less than 90 days, cent interest.