Commercial Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 2, 1934
Location: Marion, Iowa (42.034, -91.598)

Metadata

Model: gpt-5-mini
Short Digest: 70b299c7

Response Measures

None

Description

Article (Des Moines Register, 1934-06-02) states the Commercial Savings Bank of Marion was closed and a receiver (State Superintendent D. W. Bates) was appointed. No mention of a prior depositor run; closure appears to be government action leading to receivership.

Events (2)

1. June 2, 1934 Receivership

Newspaper Excerpt: State Superintendent of Banking D. W. Bates Friday was appointed receiver of the closed Commercial Savings bank of Marion, Ia.
Source: newspapers

2. June 2, 1934 Suspension

Cause: Government Action
Cause Details: State Superintendent of Banking appointed receiver for the closed bank (regulatory/government intervention).
Newspaper Excerpt: Bates Friday was appointed receiver of the closed Commercial Savings bank of Marion, Ia.
Source: newspapers

Newspaper Articles (1)

1. June 2, 1934 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, June 2, 1934

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Article Text

Irish Senate Defeats Abolishment Bill DUBLIN, IRISH FREE STATE BANK RECEIVER NAMED. P)-The senate Friday defeated CEDAR RAPIDS. IA.-State by vote of 33 to 15 the governSuperintendent of Banking D. W. ment's bill to abolish the senate. Bates Friday was appointed re- While senate rules stipulate the ceiver of the closed Commercial bill must now be held up for 18 Savings bank of Marion, Ia. O.U. months, President De Valera plans Conwell of Cedar Rapids is exam- to eliminate the second chamber iner-in-charge. within year.