State Bank - Blairsburg, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 8, 1930
Location: Blairsburg, Iowa (42.480, -93.643)

Metadata

Model: gpt-5-mini
Short Digest: eb30c769

Response Measures

None

Description

OCR of the article is garbled. The extract reads: The State Bank of Blairsburg, which closed pay its first dividend to depositors this was learned. The dividend will be 15 per cent. I interpret this to mean the bank had closed (was in receivership) and is paying a first dividend to depositors, rather than describing a depositor run. No run is mentioned. Cause for suspension is recorded as government action/receivership. Date of closure/payment is not given in the excerpt; newspaper date is 1930-09-08 but the excerpt does not supply a precise event date.

Events (3)

1. September 8, 1930 Other

Newspaper Excerpt: The dividend will be 15 per cent. (payment to depositors after closure/receivership).
Source: newspapers

2. September 8, 1930 Receivership

Newspaper Excerpt: The State Bank of Blairsburg... to pay its first dividend to depositors
Source: newspapers

3. September 8, 1930 Suspension

Cause: Government Action
Cause Details: Bank had closed and is paying a first dividend to depositors (implies receivership/administrative closing).
Newspaper Excerpt: The State Bank of Blairsburg, which closed pay its first dividend to depositors this was learned. The dividend will be 15 per cent.
Source: newspapers

Newspaper Articles (1)

1. September 8, 1930 The Courier Waterloo, IA

Article from The Courier, September 8, 1930

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Article Text

Davidson Co. Buys Chapman Brothers' Des Moines Stock Des of Chapman Bros., store by Davidson Furniture company announced Monday The merger by purchase unites two the largest firms Des Moines. Chapman's the oldest in Moines. lished years The transaction said to total $200,000. BANK TO PAY DIVIDEND. Blairsburg. The State Bank of Blairsburg, which closed pay its first dividend to depositors this was learned. The dividend will be 15 per cent. ARRESTED AS DRUNK DRIVER. George Jones, city, arrested Monday drunken driving, after police traced ownership automobile whose driver evaded arrest Saturday ning. freed $100 bond. VETERAN PRINTER DIES. Hoyt. Civil veteran. printer the Journal for 56 years former district court bailiff. died Monday, age 85. He came from Cedar Falls, NOTED ARTIST DIES. Rhoda Holmes noted artist inventor used died her Sunday. She 76 years old. ARMY ELECTION. The board trustees terloo Monday Black's tearoom for election of officers.