Citizens State Bank - Waukon, IA

Episode Information

Episode UID: 72039971501
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 7203997 routing
Routing Number: 72-0399
Start Date: January 26, 1925
Location: Waukon, Iowa (43.269, -91.476)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 0cbf153c46799aa5

Response Measures

None

Events (2)

1. January 26, 1925 Run

Cause: Local Banks
Cause Details: A run occurred following the closing of the Peoples National bank in the same city.
Newspaper Excerpt: A run yesterday following the closing of the Peoples National bank, depleted the cash reserve.
Source: newspapers

2. January 27, 1925 Suspension

Cause: Local Banks
Cause Details: The bank failed to open after a run the previous day depleted its cash reserves.
Newspaper Excerpt: The Citizens State bank capitalized at $50,000, failed to open this morning.
Source: newspapers

Newspaper Articles (1)

1. January 28, 1925 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, January 28, 1925

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Article Text

Iowa Professor's Wife Dies. Des Moines, Jan. 27.—Mrs. J. E. Foster, wife of Dr. John E. Foster, dean of men at the Iowa state college at Ames, Ia., died yesterday at San Antonio, Tex. it was learned here today. Run Closes Iowa Bank. Waukon, Ia., Jan. 27.—The Citizens State bank capitalized at $50,000, failed to open this morning. A run yesterday following the closing of the Peoples National bank, depleted the cash reserve.

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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