Commercial National Bank - Charles City, IA

Episode Information

Episode UID: 597901586
Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 59790 national
Charter Number: 5979
Start Date: February 10, 1932
Location: Charles City, Iowa (43.066, -92.672)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ce80332394f8855b

Response Measures

None

Events (4)

1. September 30, 1901 Chartered

Source: historical_nic

2. February 10, 1932 Suspension

Cause Details: Three-day voluntary business holiday arranged by local banks; pledges limiting withdrawals
Newspaper Excerpt: three-day business holiday during which more than 90 per cent of the depositors signed pledges
Source: newspapers

3. February 13, 1932 Reopening

Newspaper Excerpt: Charles City banks are reopened after three-day business holiday
Source: newspapers

4. March 11, 1937 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 14, 1932 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, February 14, 1932

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Article Text

Charles City Banks Are Reopened After Three-Day 'Holiday' Charles This city's four banks Saturday following three-day busines holiday durin; which more than 90 per cent of the depositors signed pledges confidence and to stop hoarding. The pledges place no restrictions on checking acounts limited withdrawals from savings or time accounts $50 month. or more in case of emergency.

Episode Information

Metadata

Response Measures

Events (4)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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