8554. Millerville State Bank (Millerville, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 1, 1927*
Location
Millerville, Minnesota (46.067, -95.563)

Metadata

Model
gpt-5-mini
Short Digest
9e76b30b2456f149

Response Measures

None

Description

Articles report the Millerville State Bank had closed in July 1927 and was closed/under liquidation with dividends being paid to depositors in mid-1928 by the state commissioner. No run is described; closure appears to have been handled by state authorities (receiver/commissioner). Dates corrected from OCR errors.

Events (2)
1. July 1, 1927* Suspension
Cause
Government Action
Cause Details
Bank closed July 1927 and placed under state control/receivership (state commissioner later paying dividends).
Newspaper Excerpt
this bank, which closed July 1927.
Source
newspapers
2. June 25, 1928 Receivership
Newspaper Excerpt
Also announced the payment of ... amounting depositors of closed Millerville State bank. Previously 30 per cent dividend was paid depositors this bank, which closed July 1927.
Source
newspapers

Newspaper Articles (2)
1. June 25, 1928 Post-Bulletin Rochester, MN
Article from Post-Bulletin, June 25, 1928

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Article Text

Closed Dassel Bank Pays 2nd Dividend Paul, percent second that paid, paid of the closed bank Dassel, by Viegel, state comof banks, today. The closed November 1926. Mr. also payment percent dividend, to to depositors the Millerville State bank. percent dividend paid this bank, which closed July 1927.

2. June 25, 1928 The Winona Daily News Winona, MN
Article from The Winona Daily News, June 25, 1928

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Article Text

Depositors of Closed Dassel Bank Get 10 Per Cent Dividend St. 10 per cent dividend. the second that amount paid, totaling was paid depositors of the closed bank of Dasby state commisbanks, today. The closed Nov. 23, 1926. Mr. also announced the payment of 20 per cent dividend. amounting depositors of closed Millerville State bank. Previously 30 per cent dividend was paid depositors this bank, which closed July 1927.