First Trust & Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 1, 1933*
Location: Sioux City, Iowa (42.500, -96.400)

Metadata

Model: gpt-5-mini
Short Digest: 5689f0ce

Response Measures

None

Description

The article (Dec 20, 1933) states the bank was placed under restrictions during the bank holiday last March (March 1933) and that release from 'senate file 111' will make funds available — indicating a suspension during the March bank holiday and now resumption/release of funds. No run is described.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Placed under restrictions during the nationwide bank holiday in March 1933 (government-imposed closures).
Newspaper Excerpt: When the bank holiday last March placed the institution under restrictions, assets of the Woodbury County Savings were listed at $1,500,000.
Source: newspapers

2. December 20, 1933 Reopening

Newspaper Excerpt: Thursday the release of the Woodbury County Savings bank from senate file 111 will make approximately $850,000 available to depositors.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1933 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, December 20, 1933

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Article Text

SIOUX CITY CASH TO BE RELEASED $900,000 Available to Depositors. (The Register's Iowa SIOUX CITY, IA-Two Sioux City banks, one reopening and the other disbursing a receiver's pay ment-will make nearly $90,000 available to depositors this week. The First Trust and Savings bank receivership will return to its depositors approximately $30,000, ready today. This per cent pay ment by the receiver brings the total return to the depositors to 35 per cent. Thursday the release of the Woodbury County Savings bank from senate file 111 will make approximately $850,000 available to depositors. When the bank holiday last March placed the institution under restrictions, assets of the Wood. bury County Savings were listed at $1,500,000. The bank was refinanced largely through mortgage liquidations by the Home Owners Loan Corp. and other federal units. The $850,000 represents 6,000 depositors. LOAN PLANS APPROVED. IOWA CITY, IA Applications for permission to apply to the Reconstruction Finance Corp. for loans of $620,000. which will enable six closed Johnson county banks, four in Iowa City and two in Solon, to make 10 per cent payments, were by District Judge Harold D. Evans Tuesday after-