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: a9f5f77c

Response Measures

None

Description

Articles (June 1928) refer to dividends being paid to depositors of the closed Millerville State Bank, which closed July 1927. Payments are being made by the state commission of banks, indicating the bank had been closed and placed in receivership/liquidation. OCR errors in clips corrected (e.g., fragmented sentences); no mention of a depositor run, only that the bank was closed and dividends distributed.

Events (2)

1. July 1, 1927* Suspension

Cause: Government Action
Cause Details: Bank closed in July 1927 and subsequently handled by the state commission of banks; dividends being distributed to depositors (liquidation/receivership process).
Newspaper Excerpt: this bank, which closed July 1927.
Source: newspapers

2. June 25, 1928 Receivership

Newspaper Excerpt: payment to depositors of the Millerville State bank ... paid this bank, which closed July 1927. ... state commission of banks ... paid depositors of the closed Millerville State bank. Previously 30 per cent dividend was paid depositors this bank, which closed July 1927. Mr. also announced the payment of 20 per cent dividend, amounting depositors of closed Millerville State bank. Paid by the state commission of banks, today. Closed July 1927. Second dividend paid to depositors of the closed bank Millerville State Bank. (edited OCR consolidation).
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.