Article Text
PAY DIVIDEND PIERRE. April 21-(4)- A first dividend of five per cent. amounting to more than $3,000, is being paid creditors of the suspended State Bank of Waverly, the state banking department has reported. The bank closed last July.
20530. State Bank (Waverly, SD)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- July 1, 1931*
- Location
- Waverly, South Dakota (44.999, -96.972)
Metadata
- Model
- gpt-5-mini
- Short Digest
b341d4fb
Response Measures
None
Description
Article reports the State Bank of Waverly had suspended/closed in July (the prior July) and is in receivership paying a dividend April 21, 1932. No mention of a depositor run; cause of suspension not stated in article.
Events (2)
1.
July 1, 1931*
Suspension
- Cause Details
- Article does not state reason for suspension/closure; only reports the bank closed the previous July.
- Newspaper Excerpt
- The bank closed last July.
- Source
- newspapers
2.
April 21, 1932
Receivership
- Newspaper Excerpt
- A first dividend of five per cent. ... is being paid creditors of the suspended State Bank of Waverly, the state banking department has reported. The bank closed last July.
- Source
- newspapers
Newspaper Articles (1)
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