Article (1933-12-20) states a receiver for Coggon State Bank was authorized to make a 10% payment to depositors — indicates the bank was in receivership/closed. No mention of a prior run; therefore categorized as suspension leading to closure/receivership.
Events (2)
1.December 20, 1933Other
Newspaper Excerpt
receiver ... authorized to make a 10 per cent payment to depositors. It will be the bank's first payment.
Source
newspapers
2.December 20, 1933Receivership
Newspaper Excerpt
receiver of the Coggon State bank has been authorized to make a 10 per cent payment to depositors. It will be the bank's first payment.
Source
newspapers
Newspaper Articles (1)
1.December 20, 1933The Des Moines RegisterDes Moines, IA
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Article Text
receiver of the Coggon State bank has been authorized to make a 10 per cent payment to depositors. It will be the bank's first payment.