20355. State Bank (Grover, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 30, 1927
Location
Grover, South Dakota (44.814, -97.269)

Metadata

Model
gpt-5-mini
Short Digest
7760fa30

Response Measures

None

Description

Articles report the State Bank of Grover suspended July 30, 1927 and that liquidation/receivership work was announced in August 1932 with payment of a final dividend. No run is mentioned. I corrected OCR fragments and used the publication dates to date the liquidation announcement (Aug 1932).

Events (2)
1. July 30, 1927 Suspension
Cause
Government Action
Cause Details
Bank suspended on July 30, 1927; later placed into liquidation by the state banking department (regulatory action).
Newspaper Excerpt
The bank suspended July 30, 1927.
Source
newspapers
2. August 1, 1932 Receivership
Newspaper Excerpt
liquidation work for the State Bank Grover, Codington county, announced this week by the state banking department. With payment of final dividend of five per cent, creditors of the bank will have received 35 per cent from liquidation assets. COMPLETE LIQUIDATION PIERRE, Aug. liquidation work for the State Bank Grover, Codington county, announced this week by the state banking department. With payment of final dividend five percent, creditors the bank will have received percent from liquidation The bank suspended July ... liquidation work for the State Bank of Grover, county, announced this week by the banking department. With payment of final dividend of five cent, of the bank will received 35 per cent from liquidation assets. The bank July ... Aug. tion of liquidation work for the State Bank of Grover, Codington county, was announced this week by the state banking department. With payment of final dividend of five per cent, creditors of the bank will have received 35 per cent from liquidation assets. The bank suspended July 30, 1927. (Lead Daily Call, 1932-08-02).
Source
newspapers

Newspaper Articles (3)
1. August 1, 1932 The Daily Plainsman Huron, SD
Article from The Daily Plainsman, August 1, 1932

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Article Text

COMPLETE LIQUIDATION PIERRE, Aug. liquidation work for the State Bank Grover, Codington county, announced this week by the state banking department. With payment of final dividend five percent, creditors the bank will have received percent from liquidation The bank suspended July

2. August 1, 1932 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, August 1, 1932

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Article Text

COMPLETE LIQUIDATION liquidation work for the State Bank of Grover, county, announced this week by the banking department. With payment of final dividend of five cent, of the bank will received 35 per cent from liquidation assets. The bank July

3. August 2, 1932 Lead Daily Call Lead, SD
Article from Lead Daily Call, August 2, 1932

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Article Text

BANK AFFAIRS CLOSED Aug. tion of liquidation work for the State Bank of Grover, Codington county, was announced this week by the state banking department. With payment of final dividend of five per cent, creditors of the bank will have received 35 per cent from liquidation assets. The bank suspended July 30, 1927.