Iowa State Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: January 31, 1933
Location: Creston, Iowa (41.059, -94.361)

Metadata

Model: gpt-5-mini
Short Digest: 45e49949

Response Measures

None

Description

Articles (dated Jan 31–Feb 1, 1933) report the Iowa State Savings Bank placed under supervision of the state banking department and the mayor declared a two-week banking holiday. There is no explicit mention of a depositor run on this bank; the holiday was intended to avoid runs. I classify this as a suspension (government action) that appears temporary (holiday), so I select suspension_reopening as the most likely outcome.

Events (1)

1. January 31, 1933 Suspension

Cause: Government Action
Cause Details: Officers announced the bank would be operated under supervision of the state banking department; mayor declared a two-week banking holiday to comply and avoid runs.
Newspaper Excerpt: declared a two-week banking holiday here after officers of the Iowa State Savings bank announced the bank would be operated hereafter under supervision of the state banking department
Source: newspapers

Newspaper Articles (3)

1. January 31, 1933 Globe-Gazette Mason City, IA

Article from Globe-Gazette, January 31, 1933

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Article Text

Creston Mayor Calls 2 Weeks Bank Holiday Ray Emerson today declared a two weeks' banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state bank. ing department. To comply with Mayor Emerson's holiday proclamation not the First National bank did open this Emerson clared to said the morning holiday was Mayor deavoid possible run on the National bank and would be for "two weeks or longer.' that it

2. February 1, 1933 Iowa City Press-Citizen Iowa City, IA

Article from Iowa City Press-Citizen, February 1, 1933

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Article Text

Mayor of Creston Declares 2 Weeks Banking Holiday CRESTON S Ray Emerson Tuesday declared a two week's banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state banking department To comply with Mayor Emer son's holiday proclamation. the First National bank did not open Mayor Emerson said the holiday was declared to avoid R possible run on the national bank and that

3. February 1, 1933 The Omaha Morning Bee-News Omaha, NE

Article from The Omaha Morning Bee-News, February 1, 1933

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Article Text

CRESTON CALLS CRESTON. Ia., Jan. 31, Mayor Ray Emerson Tuesday declared two-week banking hollday here after officers of the Iowa State Savings bank announced the bank would be operated hereafter under supervision of the state banking department. To comply with Mayor Emerholiday proclamation. the First National bank did not open Tuesday morning. Mayor Emerson said the holiday was declared avoid possible run on the National and that it would be for weeks or longer The Farmers and Merchants' Savings bank. the only other bank here, went under supervision of the state banking department several days ago.