Shellsburg Savings Bank - Shellsburg, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 15, 1933
Location: Shellsburg, Iowa (42.094, -91.869)

Metadata

Model: gpt-5-mini
Short Digest: da9be4c2

Response Measures

None

Description

Article (Aug 8, 1933) reports Shellsburg Savings Bank was closed last year and a receiver (M. B. Nelson) is paying dividends Aug 15, 1933. No run is mentioned; the bank is in receivership and paying dividends, indicating suspension followed by permanent closure/receivership.

Events (2)

1. August 15, 1933 Other

Newspaper Excerpt: Shellsburg per cent dividends will be paid Aug 15 to patrons of People's Savings bank and Shellsburg Savings bank, the receiver M. B. Nelson, announces. This be the third payment of 10 per since the banks were closed last year.
Source: newspapers

2. * Receivership

Newspaper Excerpt: Shellsburg ... dividends will be paid Aug 15 to patrons of People's Savings bank and Shellsburg Savings bank, the receiver M. B. Nelson, announces. This be the third payment of 10 per since the banks were closed last year.
Source: newspapers

Newspaper Articles (1)

1. August 8, 1933 The Courier Waterloo, IA

Article from The Courier, August 8, 1933

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Article Text

Shellsburg Banks Will Pay 10 Pct. (Courier Special Service) Shellsburg per cent dividends will be paid Aug 15 to patrons of People's Savings bank and Shellsburg Savings bank, the receiver M. B. Nelson. announces. This be the third payment of 10 per since the banks were closed last year.