Commercial State Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 1, 1927*
Location: Nashua, Iowa (42.953, -92.536)

Metadata

Model: gpt-5-mini
Short Digest: 13b94f99

Response Measures

None

Description

Article reports Commercial State Savings Bank suspended in March 1927 on order of its board; a successor institution (Nashua State) was organized and scheduled to open June 10, 1927. No run is mentioned.

Events (3)

1. March 1, 1927* Suspension

Cause: Voluntary Liquidation
Cause Details: Suspended in March 1927 on order of the bank's board of directors (internal/board-ordered suspension).
Newspaper Excerpt: The bank will succeed Commercial State Savings bank, which suspend in March on order of the board of directors.
Source: newspapers

2. May 18, 1927 Other

Newspaper Excerpt: NEW NASHUA BANK TO OPEN JUNE 10 ... will open for business about June is announced following meeting of stockholders for organization. The bank will succeed Commercial State Savings bank, which suspend in March on order of the board of directors.
Source: newspapers

3. June 10, 1927 Reopening

Newspaper Excerpt: will open for business about June ... The bank will succeed Commercial State Savings bank
Source: newspapers

Newspaper Articles (1)

1. May 18, 1927 The Courier Waterloo, IA

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Article Text

NEW NASHUA BANK TO OPEN JUNE 10 Institution With $35,000 Capital, $7,000 Surplus, Succeeds Closed Comm'l. (Courier Special Service) Nashua. May Nashua State capitalized at $35,000 and with surplus of will open for business about June is announced following meeting of stockholders for organization. The bank will succeed Commercial State Savings bank, which suspend in March on order of the board of directors. The sale of bank stock in the institution and signing of waivers overran the required amount. Directors elected are: L. Roach, president of Plainfield bank Jerome Walsch, W. Lemkuhl. W. F. Pierce. A. M. Troutner, Rev Mr. Grouber and W. B. Smith.