Citizens National Bank - Sioux City, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1976
Charter Number: 1976
Start Date: September 30, 1874
Location: Sioux City, Iowa (42.500, -96.400)

Metadata

Model: gpt-5-mini
Short Digest: ab3a1623

Response Measures

None

Description

Article (Chicago Daily Tribune, 1874-10-01) describes the Citizens' National Bank of Sioux City as 'suspended' and reports criminal charges against its president and cashier for misappropriation and altering books. No run is mentioned; no reopening or receiver explicitly stated. Criminal charges and suspension strongly suggest bank-specific insolvency and permanent closure — classification chosen accordingly.

Events (3)

1. May 6, 1872 Chartered

Source: historical_nic

2. April 14, 1874 Voluntary Liquidation

Source: historical_nic

3. September 30, 1874 Suspension

Cause: Bank Specific Adverse Info
Cause Details: President accused of misappropriating bank funds ($10,000) and cashier accused of altering books; criminal charges indicate internal malfeasance leading to suspension.
Newspaper Excerpt: United States Commissioner Lewis to-day hold O. C. Tredway, President of the suspended Citizens' National Bank of this city, to bail...
Source: newspapers

Newspaper Articles (1)

1. October 1, 1874 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, October 1, 1874

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Article Text

A Bank President fRold to Bail. Special Dispatch to The Chicagon Tribune, Stoux CITY, Ia., Sept, 30.-United States Commissioner Lewis to-day hold O. C. Tredway, President of the suspended Citizens' National Bank of this city, to bail in the sum of $3,000, to answer to the United States District Court, at Council Bluffs, on a charge of liaving misapproprinted the funds of the bank. The money in question was $10,000 borrowed from the State Savings Bank of Chicago on the credit of the bank, and then, it is claimed, appropriated to Tredway's private uses. The trial of John A. Schmidt, Cashier of the same institution, on a charge of altering the books of the bank with felonious intent, will betheard at Conneil Bluffs during the present term of the United States District Court.