Peoples Savings Bank - Cedar Rapids, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: January 23, 1932
Location: Cedar Rapids, Iowa (42.008, -91.644)

Metadata

Model: gpt-5-mini
Short Digest: 4c3543c0

Response Measures

None

Description

Article (1932-01-22) states that the office of People's Savings Bank of Cedar Rapids will be opened Saturday with authorization of the state banking department to cash checks and accept deposits. No run is mentioned; the bank had been closed (suspended) and is being allowed to reopen by the state banking department. Exact suspension date is not provided in the excerpt.

Events (2)

1. January 23, 1932 Reopening

Newspaper Excerpt: office of the People's Savings bank of Cedar Rapids will be opened Saturday with authorization of the state banking department to cash checks and accept savings and checking deposits.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank office had been closed (suspended); reopening requires authorization from the state banking department, implying closure/suspension involved regulatory action or oversight.
Newspaper Excerpt: the Iowa City Savings banks, which closed Wednesday leaving the city without banking faIn the meantime the committee announced that office of the People's Savings bank of Cedar Rapids will be opened Saturday with authorization of the state banking department
Source: newspapers

Newspaper Articles (1)

1. January 22, 1932 The Courier Waterloo, IA

Article from The Courier, January 22, 1932

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Article Text

tional or the Iowa City Savings banks, which closed Wednesday leaving the city without banking faIn the meantime the committee announced that office of the People's Savings bank of Cedar Rapids will be opened Saturday with authorization of the state banking department to cash checks and accept savings and checking deposits.