Waterloo National Bank - Waterloo, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 5700
Charter Number: 5700
Start Date: November 7, 1932
Location: Waterloo, Iowa (42.493, -92.343)

Metadata

Model: gpt-5-mini
Short Digest: f7e39ea2266fdfb6

Response Measures

None

Description

OCRed article. Text reports Comptroller-approved plan and opening of Waterloo bank (Nov 7, 1932), referencing a receiver and settlement for depositors (40 cent depositors). The piece describes a reopening after a prior suspension/receivership; no run is mentioned in the excerpt.

Events (4)

1. February 4, 1901 Chartered

Source: historical_nic

2. June 15, 1904 Voluntary Liquidation

Source: historical_nic

3. November 7, 1932 Reopening

Newspaper Excerpt: Approved For Opening of Waterloo Bank ... After approval of the plan by bulk depositors the National ... approved this amount to be placed the new bank. planned to sell shares stock ... making capital stock of and undivided profits and reserve $50,000.
Source: newspapers

4. * Receivership

Newspaper Excerpt: the reiver declare 40 cent depositors, approved this amount to be placed the new bank.
Source: newspapers

Newspaper Articles (1)

1. November 7, 1932 The Daily Times Davenport, IA

Article from The Daily Times, November 7, 1932

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Article Text

Approved For Opening of Waterloo Bank Nov. comptroller has plan formed and more than tied up the Commerwill released. After approval of the plan by bulk depositors the National the ceiver declare 40 cent depositors, approved this amount to be placed the new bank. planned to sell shares stock at $125 each, making capital stock of and undivided profits and reserve $50,000.