Security Savings Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: January 24, 1925
Location: Perry, Iowa (41.839, -94.107)

Metadata

Model: gpt-5-mini
Short Digest: 844be6fd

Response Measures

Full suspension

Other: Event classification focused on Perry National Bank closing which triggered a run on another Perry bank; article gives no details about receivership or cause.

Description

Article (Iowa City Press-Citizen, 1925-01-26) reports Security Savings Bank closed its doors Saturday after a run that followed the closing of the Perry National Bank. No reopening is mentioned; date of closure inferred as Saturday prior to the Jan 26, 1925 publication (set to 1925-01-24). 'Savings Bank' treated as a state-chartered savings bank.

Events (2)

1. January 24, 1925 Run

Cause: Local Banks
Cause Details: Depositors ran on Security Savings Bank after the Perry National Bank closed the prior day.
Newspaper Excerpt: run on the bank followed the closing of the Perry National bank Friday.
Source: newspapers

2. January 24, 1925 Suspension

Cause: Local Banks
Cause Details: Bank closed its doors following a run triggered by the earlier closing of Perry National Bank; article gives no indication of reopening or receivership assignment.
Newspaper Excerpt: Security Savings Bank closed Its doors here Saturday afternoon.
Source: newspapers

Newspaper Articles (1)

1. January 26, 1925 Iowa City Press-Citizen Iowa City, IA

Article from Iowa City Press-Citizen, January 26, 1925

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Article Text

MURPHY BANKS CLOSED Institutions Founded by ted Waukon Lawyer Without Sufficient Cash Associated Press) WAUKON, Jan. The Peoples National bank of Waukon was closed late Saturday by federal bank examiner, when was found its cash reserve was below federal requirements. A receiver was appointed Saturday for the Bank of Rossville, another Allamakee county bank. was not operating under charter. Both banks were organized by Dennis Murphy, Waukon attorney whose trial on indictments charging embezzlement is scheduled open in district court here tomorrow morning. Two Perry Banks Close PERRY, Ia., Jan. Security Savings Bank closed Its doors here Saturday afternoon. run on the bank followed the closing of the Perry National bank Friday.