First Nashua State Bank

Episode Information

Episode UID: 72060271613
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 7206027 routing
Routing Number: 72-0602
Start Date: May 9, 1934
Location: Nashua, Iowa (42.953, -92.536)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b58eea8d7e0d49d7

Response Measures

None

Description

OCR errors in article; text implies prior suspension/reorganization and current resumption but earlier suspension date/details not given.

Events (2)

1. May 9, 1934 Reopening

Newspaper Excerpt: Progress being made in the work reorganizing First Nashua State Bank ... and end the month bank operating ... agreements being signed. fifty per cent of the deposits will be made the day the bank ... the depositors coming the bank ... checks totaling will received from Washington ... payments to be made ... early payment regular pay contracts.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank was undergoing reorganization and operating under state supervision/receiver prior to release
Newspaper Excerpt: reorganizing First Nashua State Bank that released from operating under ...
Source: newspapers

Newspaper Articles (1)

1. May 9, 1934 The Nashua Reporter Nashua, IA

Article from The Nashua Reporter, May 9, 1934

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Article Text

Chickasaw Payments to be Early Progress being made in the work reorganizing First Nashua State Bank that released from operating under Senate and run unrestricted bank. with posits insured the Federal Deposit Insurance Corporation. Lester Therme, of the State Banking Department. who since first of year working with bank made progress, and end the month bank operating in any The stockholders met assessment, and the work getting signed by the depositors has been weeks and has been be most the depositors coming the bank their the bank the mail. According the agreements being signed. fifty per cent of the M. deposits will be made the day the bank The the holders. and all others interested have the of the bank great help to those engaged the work deeply appreciated and stimulathe ganization rapidly possible. Checks totaling will received from Washington by Chickasaw county farmers signed payment" tracts. This amount checks to paid farmers who county signed rider payment to be made to Chickfarmers will total asaw County about on early payment regular pay contracts. more than 15,000 acres land governChickasaw county rental of average land will rented the governFourteen hundred information. Chickasaw county farmers corn-hog consigned tracts. Payments average about contract. quotas regular County now being payment the state board. by figures had All county before the and checked work The the last sheets finding taining better shape than figures earlier of the board. Carl, chairman