Butler County State Bank - Clarksville, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 4, 1932
Location: Clarksville, Iowa (42.785, -92.668)

Metadata

Model: gpt-5-mini
Short Digest: 47cabd8a

Response Measures

None

Description

Article (Globe-Gazette 1932-02-04) reports that business at Butler County State Bank was suspended while the bank canvassed depositors for waivers to let funds remain three years at 3% — a restructuring plan indicating a temporary suspension with intent to resume operations. No explicit run is described in the provided text.

Events (1)

1. February 4, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended operations while soliciting depositor waivers to leave funds for three years at 3% as part of a restructuring plan following recent local bank failure(s).
Newspaper Excerpt: Business at the bank was suspended until the completion of the canvass
Source: newspapers

Newspaper Articles (1)

1. February 4, 1932 Globe-Gazette Mason City, IA

Article from Globe-Gazette, February 4, 1932

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Article Text

Waivers Are Sought by Clarksville Bank; Work Meets Success cess which greeted businessmen as they started this morning to obtain waivers from depositors of the But ler county state bank here indicated sufficient signatures would be ob tained to guarantee success of the plan. In the waivers, depositors agree to let their money remain in the bank for three years at 3 per cent interest Business at the bank was suspended until the completion of the canvass Since the closing of the State Savings bank in Septem ber Clarksville has had but one