State Bank - Bondurant, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 6, 1934
Location: Bondurant, Iowa (41.701, -93.462)

Metadata

Model: gpt-5-mini
Short Digest: 26c19a9d

Response Measures

None

Description

Article (1934-03-06) refers to the State Bank of Bondurant being in receivership under the state superintendent of banking, with a receiver authorized to destroy old records and to pay depositors 10%. No explicit run is mentioned in the text; the bank is closed and in receivership (government action). Exact suspension/closure date is not provided in the excerpt.

Events (2)

1. March 6, 1934 Receivership

Newspaper Excerpt: D. W. Bates, state superintendent of banking and the bank's receiver, was directed to store permanent records ... Judge Herrick also authorized 10 per cent payment to depositors. Destruction of permanent records of the State Bank of Bondurant ... was authorized Monday by Judge Herrick.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank placed in receivership under the state superintendent of banking; closure is by government action.
Newspaper Excerpt: D. W. Bates, state superintendent of banking and the bank's receiver, was directed to store permanent records ... Judge Herrick also authorized 10 per cent payment to depositors.
Source: newspapers

Newspaper Articles (1)

1. March 6, 1934 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, March 6, 1934

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Article Text

BANK RECORD ORDER GIVEN Herrick O. K.'s Destruction of Bondurant Papers. Destruction of permanent rec ords of the State Bank of Bondurant, Bondurant, Ia., prior to Sept 1926, was authorized Monday by Judge Herrick. D. W. Bates, state superintendent of banking and the bank's receiver, was directed to store permanent records between that date and Sept. 9. 1931, with the clerk the town council of Bondurant The order absolved the clerk or council from liability due to loss or destruction by fire, burglary or theft. Judge Herrick also authorized 10 per cent payment to depositors.