Article states State Bank (Grover, SD) suspended July 30, 1927 and in 1932 is being liquidated with a 35% dividend — indicates permanent closure/liquidation. No run mentioned; cause of suspension not specified in the text.
Events (2)
1.July 30, 1927Suspension
Cause Details
Article gives no reason for the suspension.
Newspaper Excerpt
The bank suspended July 30, 1927.
Source
newspapers
2.July 31, 1932Other
Newspaper Excerpt
LIQUIDATE GROVER BANK liquidation work for the State Bank ... will have 35 percent dividend from liquidation of assets. The bank suspended July 30, 1927.
Source
newspapers
Newspaper Articles (1)
1.July 31, 1932Argus-LeaderSioux Falls, SD
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Article Text
LIQUIDATE GROVER BANK liquidation work for the State Bank of nounced week the payment dividend five the will have 35 percent from liquidation of assets. The bank suspended July 30, 1927.