Donahue Savings Bank - Donahue, IA

Episode Information

Episode UID: 72129171599
Episode Type: Suspension → Reopening
Bank Type: savings
Bank ID: 7212917 routing
Routing Number: 72-1291
Start Date: March 1, 1933*
Location: Donahue, Iowa (41.695, -90.675)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d7a00a935f7daadd

Response Measures

None

Events (2)

1. March 1, 1933* Reopening

Newspaper Excerpt: After the bank holiday in March of 1933, the Donahue bank reopened under an arrangement whereby 25 per cent of deposits was held in trust.
Source: newspapers

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed during the federal/state bank holiday in March 1933 (government-ordered moratorium).
Newspaper Excerpt: After the bank holiday in March of 1933, the Donahue bank reopened under an arrangement whereby 25 per cent of deposits was held in trust.
Source: newspapers

Newspaper Articles (1)

1. November 18, 1935 The Daily Times Davenport, IA

Article Text

Third Dividend on Deposits in Trust Is Paid at Donahue The Donahue Savings bank is paying its third dividend on deposits held in trust, it was revealed today as Treasurer Ben F. Luetje received Scott county's share. After the bank holiday in March of 1933, the Donahue bank reopened under an arrangement whereby 25 per cent of deposits was held in trust. In December of 1934 a 10 per cent portion of the amount in trust was made available; in May of 1935, 30 per cent; and now, 10 per cent more.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

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

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