Norwalk State Bank - Norwalk, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 26, 1934
Location: Norwalk, Iowa (41.476, -93.679)

Metadata

Model: gpt-5-mini
Short Digest: 13678de5

Response Measures

None

Description

Article reports consolidation of Cumming Savings Bank into Norwalk State Bank and that the consolidated bank had been released from the restrictions of S. F. 111 under depositors agreements. No run is mentioned. The text implies the bank was previously under statutory restrictions (a form of suspension or restriction) and was then released, so classified as a suspension followed by reopening. OCR corrected capitalization and punctuation (Cumming Savings bank -> Cumming Savings Bank).

Events (3)

1. May 26, 1934 Other

Newspaper Excerpt: Consolidation of the Norwalk State bank of Norwalk, Ia., and the Cumming Savings bank. of Cumming, Ia., was announced Friday by State Banking Commissioner Bates.
Source: newspapers

2. May 26, 1934 Reopening

Newspaper Excerpt: the consolidated bank, to be known as the Norwalk State bank, had been released from the restrictions of S. F. 111 under depositors agreements.
Source: newspapers

3. * Suspension

Cause: Government Action
Cause Details: Subject to restrictions under S.F. 111 (state-imposed regulatory restrictions on payments)
Newspaper Excerpt: had been released from the restrictions of S. F. 111 under depositors agreements.
Source: newspapers

Newspaper Articles (1)

1. May 26, 1934 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, May 26, 1934

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Article Text

STATE BANKS ARE MERGED Cumming, Norwalk Financial Houses Consolidated. Consolidation of the Norwalk State bank of Norwalk, Ia., and the Cumming Savings bank. of Cumming, Ia., was announced Friday by State Banking Commissioner Bates. The banking commissioner at the same time announced the consolidated bank, to be known as the Norwalk State bank, had been released from the restrictions of S. F. 111 under depositors agreements.