Mount Ayr State Bank - Mount Ayr, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: April 13, 1934
Location: Mount Ayr, Iowa (40.715, -94.235)

Metadata

Model: gpt-5-mini
Short Digest: a2afbb3e

Response Measures

None

Description

Article reports the Mount Ayr State Bank had been operating under 'senate file 111' (a statutory moratorium) and on 1934-04-13 was released and made 50% of deposits available. No run is mentioned; this is a suspension (by government action/moratorium) followed by partial resumption of payments.

Events (2)

1. April 13, 1934 Reopening

Newspaper Excerpt: Fifty per cent of deposits were made available to depositors in the Mount Ayr State bank Thursday when the institution was released from the provisions of senate file 111.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Operating under provisions of Iowa 'senate file 111' moratorium/restrictions
Newspaper Excerpt: was operating under senate file 111
Source: newspapers

Newspaper Articles (1)

1. April 13, 1934 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, April 13, 1934

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Article Text

Iowa Bank Releases 50 Pct. of Deposits MOUNT AYR. TA Fifty per cent of deposits were made available to depositors in the Mount Ayr State bank Thursday when the institution was released from the provisions of senate file 111. New officers are F. E Sheldon, president: Carson Williams, vice president. and W. T. Timby. cash- The Diagonal State bank. which has been operating under senate file 111, will liquidate through the Mount Ayr bank