Maurice State Bank - Maurice, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 1, 1933*
Location: Maurice, Iowa (42.966, -96.181)

Metadata

Model: gpt-5-mini
Short Digest: cb74b7a8

Response Measures

None

Description

Article (The Alton Democrat, 1933-05-26) reports the bank had been operating under restrictions governing withdrawals since the March bank holiday and that those restrictions were lifted after a state examiner visited in late May. No run or heavy withdrawals are described; this is a regulatory suspension (restrictions) that was lifted, so classify as suspension_reopening. Dates are inferred from article: suspension since the March 1933 bank holiday; reopening described as Monday prior to the May 26, 1933 publication (inferred 1933-05-22).

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Operating under restrictions on withdrawals imposed following the March 1933 bank holiday and regulatory actions by the state banking department.
Newspaper Excerpt: Since the bank holiday March the bank had been operating under [restrictions] governing the withdrawal of deposits.
Source: newspapers

2. May 22, 1933 Other

Newspaper Excerpt: An examiner for the state banking department examined the ... and the department wired the bank giving the officers permission to the bank without open. ... the bank now continuing business as usual. All concerned deserve hearty congratulations.
Source: newspapers

Newspaper Articles (1)

1. May 26, 1933 The Alton Democrat Alton, IA

Article from The Alton Democrat, May 26, 1933

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Article Text

Restrictions on Maurice Bank Lifted An examiner for the state banking department examined the CounSavings bank Monday and the day the department wired the bank giving the officers mission to the bank without open Since the bank boliday March the bank had operating under 111, with restrictions erning the withdrawal of deposits. Those acquainted with the history this sound bank have known all along that the institution was highly liquid, held no real estate, had gilt edge first mortgage securities and could open unrestricted upon examination. No examination had been made, however, by the state banking department, until Monday. Members of the board felt. we understand, that might be better to wait until the bankwas somewhat clarified before resuming unrestricted banking operations. It is good news to the bank's large number depositors who have ways felt tremendous confidence their bank. The officers and directors also highly pleased that the bank now continuing business as usual. All concerned deserve hearty congratulations.