Article headline states the Gallup State Bank receiver is paying a new 5% dividend (Albuquerque Journal, 1929-08-02). This indicates the bank was closed and in receivership; the short OCR'd excerpt contains no mention of any run or reopening. Classification: suspension leading to closure/receivership (suspension_closure).
Events (2)
1.August 2, 1929Other
Newspaper Excerpt
Receiver pays new 5 per cent dividend (indicates liquidation/receiver distribution)
Source
newspapers
2.August 2, 1929Receivership
Newspaper Excerpt
GALLUP STATE BANK RECEIVER PAYS NEW 5 PER CENT DIVIDEND
GALLUP STATE BANK RECEIVER PAYS NEW 5 PER CENT DIVIDEND
GALLUP N M. Rouse of the Gallup Thursday announced per of the of about This dividend been paid since and final be