Commercial State Bank - Independence, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 20, 1931
Location: Independence, Iowa (42.469, -91.889)

Metadata

Model: gpt-5-mini
Short Digest: 285b3e29

Response Measures

None

Description

Newspaper (Muscatine Journal) reports Commercial State Bank in Independence closed yesterday. No mention of a prior run or reopening; therefore classified as a suspension that resulted in closure. No cause or receiver mentioned in the article.

Events (1)

1. November 20, 1931 Suspension

Cause Details: Article gives no reason for the closure; cause not stated in the text provided and may be related to 1931 banking distress generally but is not specified here.
Newspaper Excerpt: Iowa Banks Closed. Independence, Commercial State bank here closed yesterday.
Source: newspapers

Newspaper Articles (1)

1. November 21, 1931 The Muscatine Journal Muscatine, IA

Article from The Muscatine Journal, November 21, 1931

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Article Text

Iowa Relief Work Commended Des Moines Iowa Indiana among the leadthe organization of relief, the opinRowland Haynes, district ion supervisor President Hoover's committee. Haynes' views were expressed in talk with State Labor Commissioner Urick following conference this week at Ames, Urick The labor commissioner, who secretary the state advised that Jefferson county completed organization its headed by Mayor HarCarter Fairfield counties state have relief committees total membership of 1,215, Urick said. Iowa Banks Closed. Independence, Commercial State bank here closed yesterday. It had capital stock deposits Fouts is president and McGill cashier. (AP) Doors the Woodbine Savings bank closed today. capital stock $25,000 and deposits Powley president and Hunt cashier.