Security Trust & Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 1, 1933*
Location: Shenandoah, Iowa (40.766, -95.372)

Metadata

Model: gpt-5-mini
Short Digest: 059f4676

Response Measures

None

Description

Article (Mar 15, 1933) reports the Security Trust & Savings Bank (a state institution) and Shenandoah National opened 'for restricted business' following rulings of national and state banking departments. This indicates a prior suspension/holiday imposed by authorities and a reopening under restrictions. No run is described.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Banks had been closed under rulings from national and state banking departments (banking holiday / suspension imposed by authorities).
Newspaper Excerpt: Acting in accordance with rulings from national and state banking departments, both local banks ... were opened Tuesday for restricted business.
Source: newspapers

2. March 15, 1933 Reopening

Newspaper Excerpt: both local banks, the Shenandoah National bank and the Security Trust and Savings bank, state institution, were opened Tuesday for restricted business. New accounts and cash deposits were received. The new deposits are segregated from the old until the restrictions are removed.
Source: newspapers

Newspaper Articles (1)

1. March 15, 1933 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, March 15, 1933

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Article Text

TWO SHENANDOAH BANKS END HOLIDAY Special SHENANDOAH March 15.Acting in accordance with rulings from national and state bank ing departments, both local banks, the Shenandoah National bank and the Security Trust and Savings bank. state institution. were opened Tuesday for restricted business. New accounts and cash deposits were received. The new deposits are segregated from the old until the restrictions are removed.