Melcher State Bank - Melcher, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Melcher, Iowa

Metadata

Model: gpt-5-mini
Short Digest: 38ea203c

Response Measures

None

Description

Article (Des Moines Tribune, 1925-10-08) states the Iowa Savings Bank of Audubon was a closed institution that made a 100% distribution to creditors. No run is mentioned; bank was closed/in receivership and paid depositors in full. Exact suspension/failure date not given in the excerpt.

Events (2)

1. * Receivership

Newspaper Excerpt: Depositors in closed Iowa banks have been paid $2,357,586.79 since the first bank went into receivership ... the Iowa Savings bank of Audubon, made 100 per cent distribution to all creditors.
Source: newspapers

2. * Suspension

Cause Details: Article identifies the bank as closed and distributing assets to creditors; no immediate cause (run or government action) is specified.
Newspaper Excerpt: Two of the banks, the Stout Savings bank of Stout, and the Iowa Savings bank of Audubon, made 100 per cent distribution to all creditors.
Source: newspapers

Newspaper Articles (1)

1. October 8, 1925 Des Moines Tribune Des Moines, IA

Article from Des Moines Tribune, October 8, 1925

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Article Text

OVER 2 MILLION PAID DEPOSITORS IN IOWA Two Closed Institutions Have Paid 100 Per Cent. Depositors in closed Iowa banks have been paid $2,357.586 79 since the first bank went into receivership, L. A. Andrew, state superintendent of banking, announced today Two of the banks, the Stout Savings bank of Stout, and the Iowa Savings bank of Audubon, made 100 per cent distribution to all creditors. one other bank the Melcher State bank nas been finally It pail depositors 21 per cent and general creditors per cent. Partial idends of from 10 LO 55 per have been paid by thirty four other closed banks which have distributed still have additional assets to distribute.