Avoca Bank - Avoca, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1928*
Location: Avoca, Iowa (41.477, -95.338)

Metadata

Model: gpt-5-mini
Short Digest: cc81e7e7

Response Measures

None

Description

Article (Sioux City Journal, 1928-11-25) states 'The bank at Avoca closed last May' and describes the vault being broken into and books stolen and the cashier's bond being paid. No mention of a depositor run or reopening; closure appears permanent in context though no receiver is explicitly named. Date inferred as May 1928 ('last May' relative to Nov 1928).

Events (1)

1. May 1, 1928* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Vault was broken into and all books were stolen; former cashier Haley's bond was paid in full (suggesting cashier-related malfeasance or losses).
Newspaper Excerpt: The bank at Avoca closed last May and two days after being closed the vault was broken into and all books and rec of the institution stolen.
Source: newspapers

Newspaper Articles (1)

1. November 25, 1928 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, November 25, 1928

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Article Text

$110 AVERAGE PRICE PAID FOR 59 FINE HOLSTEINS Pipestone, Minn Nov. most successful sale purebred held in Pipestone at the dairy farm of Sam T Marshall, five miles south of There were offerings the sale and the The sale totalled Holstein ers from here for the sale and bidding on the animals was spirited Bank Cashier's Bond Paid. Harry Hardman received of the First National banks of Fulda Avoca, has received a draft for from the National Bonding This draft is in full pay all liability on the bond of Haley, former cashier of the Avoca bank, and is the full amount or his bond The bank at Avoca closed last May and two days after being closed the vault was broken into and all books and rec of the institution stolen. About month later these were found in the lake at Fulda Makes Quick Air Journey. Time of travel between the Twin cities and Pipestone was cut when Forrest Donald son and his father H. Donaldson made the trip from the northwest airport to this city in less than three