Article Text
JURY GIVES BANK RECEIVER VERDICT Holds Elbert Read of doah Note for $22,204. Special March that Elbert Read. former president National bank. Shenandoah Milling the bank closed. ceiver, $22,204 jury district court today.
3744. Shenandoah National Bank (Shenandoah, IA)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
- 2679
- Charter Number
- 2679
- Start Date
- March 18, 1927
- Location
- Shenandoah, Iowa (40.766, -95.372)
Metadata
- Model
- gpt-5-mini
- Short Digest
59e01dcc
Response Measures
None
Description
Two separate articles: a 1927 article indicates the bank had previously closed and a receiver pursued recovery (verdict against former president Elbert Read). The 1933 article reports the Shenandoah National Bank and a state bank ending a banking holiday and reopening for restricted business per national and state banking department rulings. For the 1933 event there is no mention of a depositor run; it was a suspension/holiday imposed and the banks reopened with restrictions.
Events (5)
1.
May 4, 1882
Chartered
- Source
- historical_nic
2.
January 20, 1927
Voluntary Liquidation
- Source
- historical_nic
3.
March 18, 1927
Other
- Newspaper Excerpt
- JURY GIVES BANK RECEIVER VERDICT ... Holds Elbert Read of ... former president National bank. Shenandoah ... the bank closed. ... receiver, $22,204 jury district court today.
- Source
- newspapers
4.
March 15, 1933
Reopening
- Newspaper Excerpt
- 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
5.
March 15, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Banks were closed as part of a banking holiday; reopened under rulings from national and state banking departments.
- Newspaper Excerpt
- TWO SHENANDOAH BANKS END HOLIDAY ... both local banks, the Shenandoah National bank and the Security Trust and Savings bank ... were opened Tuesday for restricted business.
- Source
- newspapers
Newspaper Articles (2)
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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.