State Bank - Pocahontas, IA

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: state
Start Date: June 1, 1932*
Location: Pocahontas, Iowa (42.736, -94.669)

Metadata

Model: gpt-5-mini
Short Digest: 307a30463ef41699

Response Measures

None

Description

Article (Humboldt Independent, 1932-06-28) reports depositors started a run on the Pocahontas State Bank following unfortunate rumors. The mayor called for a three-day suspension/business holiday during which depositors agreed to leave funds; the bank reopened after the holiday. OCR corrected minor spacing and capitalization issues. Dates are given by week of publication (June 1932) but exact days are not specified in the text.

Events (3)

1. June 1, 1932* Reopening

Newspaper Excerpt: bank opened again Thursday morning Three day holiday were last week and Havelock also.
Source: newspapers

2. June 1, 1932* Run

Cause: Rumor Or Misinformation
Cause Details: Depositors began heavy withdrawals following the spreading of several unfortunate rumors.
Measures: Community leaders (mayor) called for a three-day business holiday; depositors agreed to leave their money in the bank.
Newspaper Excerpt: depositors in the Pocahontas State bank started on that bank following the spreading of ... unfortunate rumors.
Source: newspapers

3. June 1, 1932* Suspension

Cause: Rumor Or Misinformation
Cause Details: A three-day suspension (business holiday) was instituted to stem withdrawals induced by rumors.
Newspaper Excerpt: The Pocahontas mayor called for three day suspension of business during which time depositors agreed leave their money in the banks and were assured absolute security of the bank.
Source: newspapers

Newspaper Articles (1)

1. June 28, 1932 Humboldt Independent Humboldt, IA

Article from Humboldt Independent, June 28, 1932

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Article Text

POCAHONTAS BANKS CLOSE DURING BUSINESS HOLIDAY Pocahontas observed three day business holiday last week when depositors in the Pocahontas State bank started on that bank following the spreading of ber of unfortunate rumors. The Pocahontas mayor called for three day suspension of business during which time depositors agreed leave their money in the banks and were assured absolute security of the bank. bank opened again Thursday morning Three day holiday were last week and Havelock also.