Security State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1928*
Location: Pella, Iowa (41.408, -92.916)

Metadata

Model: gpt-5-mini
Short Digest: 3459e24d

Response Measures

None

Description

The article references the 'former First National bank building' and mentions a bank receiver sold the building about four years earlier, indicating the bank had been closed and placed in receivership. No mention of a run is present. Dates for the suspension/receivership are not explicitly stated; the receiver's sale of the building is referenced as occurring ~1928 (four years before the 1932 article).

Events (3)

1. January 1, 1928* Receivership

Newspaper Excerpt: When the bank receiver sold this building four years ago he got $4,900 for it; BANCROFT June Dr. J. A Devine purchased the former First National bank building here from A J. Berens. He paid $2,500 for it (1932-06-02).
Source: newspapers

2. January 1, 1928* Suspension

Cause: Government Action
Cause Details: Bank had been placed in receivership and was closed; receiver sold the bank building about four years before the 1932 article.
Newspaper Excerpt: When the bank receiver sold this building four years ago he got $4,900 for it.
Source: newspapers

3. June 2, 1932 Other

Newspaper Excerpt: BANCROFT June Dr. J. A Devine purchased the former First National bank building here from A J. Berens. He paid $2,500 for it.
Source: newspapers

Newspaper Articles (1)

1. June 2, 1932 Globe-Gazette Mason City, IA

Article from Globe-Gazette, June 2, 1932

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Article Text

Five Former Officers of Closed Bank Free Under $2,500 Bonds KNOXVILLE June 2. former officers of the closed Security State bank were under bonds of $2,500 each today on charges of making false entries and reports in connection with the closing of the institution in October. 1931. At their arraignment yesterday a preliminary hearing was set for June 14. The men are N. Van Vliet. former president: S. Bert Baron, vice president: J. H. Van Vliet. cashier: T. H. Klein, assistant cashier. and A. T. Klein, a director. All are from Pella. Pays $2,500 for Building. BANCROFT June Dr. J. A Devine purchased the former First National bank building here from A J. Berens. He paid $2,500 for It When the bank receiver sold this building four years ago he got $4,900 for it.