State Bank (Vesta, MN)

Episode Information

Episode UID
2597241291578
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
259724129 hash
Start Date
June 9, 1931
Location
Vesta, Minnesota (44.508, -95.416)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
696b4e95094ec11c

Response Measures

None

Description

Articles state directors 'shut their doors to conserve assets' but do not specify reopening or receivership; additional local coverage could confirm permanence.

Events (1)
1. June 9, 1931 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors voluntarily closed the bank to conserve assets (shut doors on June 9, 1931).
Newspaper Excerpt
Directors of the State Bank of Vesta ... said they had shut their doors to conserve assets.
Source
newspapers

Newspaper Articles (2)
1. June 10, 1931 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, June 10, 1931

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Article Text

THREE MORE CLOSE St. Paul, Minn June 9. Three Minnesota banks with total deposits of $1. 170,000 closed today Directors of the State Bank of Vesta, the Lac Qui Parle County Bank and the Madison State Bank said they had shut their doors to serve

2. June 10, 1931 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, June 10, 1931

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Article Text

THREE MORE CLOSE Three Minnesota banks with total deposits of $1,470,000 closed today. Directors of the State Bank of Vesta, the Lac Qui Parle County Bank and the Madison State Bank said they had shut their doors to conserve assets.