Emerson State Bank - Emerson, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 29, 1933
Location: Emerson, Iowa (41.017, -95.402)

Metadata

Model: gpt-5-mini
Short Digest: 4f5b7008

Response Measures

None

Description

Article (The Courier, 1933-03-29) lists Emerson, Ia., State bank among twelve banks released from restrictions and reopened. No run is mentioned. The earlier suspension/restrictions appear to be government/banking-department actions during the 1933 banking holiday; exact suspension date not provided.

Events (2)

1. March 29, 1933 Reopening

Newspaper Excerpt: Twelve additional banks were released from restrictions Tuesday, bringing the total of state and national banks reopened to 314... Emerson, Ia., State bank, ... were ordered to put up more money or permanently close their doors, liquidate and quit business. Twelve additional banks were released from restrictions Tuesday, bringing the total ... reopened to 314. (March 29, 1933 article date.) Emerson, Ia., State bank; shows as released from restrictions and reopened on that list.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Placed under restrictions by the banking department (1933 banking holiday / state-ordered restrictions); exact suspension date not given.
Newspaper Excerpt: Twelve additional banks were released from restrictions Tuesday, bringing the total of state and national banks reopened to 314. They the governor, were ordered to put are: up more money or permanently close Farmers T. & S. of Earling: Emerson, Ia., State bank;
Source: newspapers

Newspaper Articles (1)

1. March 29, 1933 The Courier Waterloo, IA

Article from The Courier, March 29, 1933

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Article Text

would give depositors a voting power in bank It was believed the bill also called for some assessments on stockholders in many of the banks still operating with restrictions or entirely closed, in an effort to bolster liquid assets. It was further reiterated by the banking department that no institution will be allowed to open which is not 50 per cent liquid. Twelve additional banks were released from restrictions Tuesday, bringing the total of state and na- tional banks reopened to 314. They the governor, were ordered to put are: up more money or permanently close Farmers T. & S. of Earling: Emer- their doors, liquidate and quit busison, Ia., State bank; Epworth, Ia., Savings; Goose Lake, Ia, Savings: Hartford, Ia,, Savings: Farmers & Merchants State of Neola: Ocheyedan, Ia., Savings; Farmers Savings of Schaller: Union bank and Trust company of Strawberry Point; Ute, Ia., State; Farmers & Merchants of Waterville, and Farmers Savings of Ricketts. Twelve other banks, according to MANCHESTER CAR FOUND. Manchester, Ia.-Sheriff Harry Uttley Wednesday was informed by Chicago police of recovery there of the automobile of Officer Paul Pride, stolen here last week, and the arrest of Charles Rogers, Chicago. Rogers has waived extradition, the wire said.