Article Text
JURY GIVES BANK RECEIVER VERDICT Holds Elbert Read of doah Note for $22,204. Special March that Elbert Read. former president National bank. Shenandoah Milling the bank closed. ceiver, $22,204 jury district court today.
3232. Shenandoah National Bank (Shenandoah, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 12950
- Charter Number
- 12950
- Start Date
- March 1, 1927*
- Location
- Shenandoah, Iowa (40.766, -95.372)
Metadata
- Model
- gpt-5-mini
- Short Digest
3c23d150ba871319
Response Measures
None
Description
Article (Mar 18, 1927) reports the bank had closed and a receiver-related jury verdict concerning former president Elbert Read for $22,204. No explicit run is mentioned; the bank appears to have suspended/closed and been placed in receivership due to bank-specific adverse matters (claims against the president). OCR errors in the article text were corrected (e.g., 'doah' -> 'Shenandoah', 'ceiver' -> 'receiver').
Events (4)
1.
June 25, 1926
Chartered
- Source
- historical_nic
2.
March 1, 1927*
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed and later receiver action related to a $22,204 claim against former president Elbert Read
- Newspaper Excerpt
- the bank closed
- Source
- newspapers
3.
March 18, 1927
Receivership
- Newspaper Excerpt
- JURY GIVES BANK RECEIVER VERDICT ... Elbert Read, former president National bank, Shenandoah ... jury district court today.
- Source
- newspapers
4.
June 1, 1934
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (1)
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