Lu Verne State Bank - Lu Verne, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 29, 1934
Location: Lu Verne, Iowa (42.908, -94.074)

Metadata

Model: gpt-5-mini
Short Digest: a2458e26

Response Measures

None

Description

Article (Humboldt Republican, 1934-06-29) states the receiver of the Lu Verne State Bank is paying a final dividend after the bank closed. No mention of a depositor run; bank was closed and placed in receivership and is distributing final dividends, so this is a suspension that resulted in permanent closure/receivership.

Events (2)

1. June 29, 1934 Receivership

Newspaper Excerpt: State Bank in Final Dividend ... the receiver ... that the last dividend will ... This will make total ... for the depositors for the cash they deposit.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (receiver is paying dividends).
Newspaper Excerpt: the bank closed
Source: newspapers

Newspaper Articles (1)

1. June 29, 1934 The Humboldt Republican Humboldt, IA

Article from The Humboldt Republican, June 29, 1934

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Article Text

State Bank in Final Dividend stated that the dividend be paid by the late shortly Bank. The receiver Verne State that the last dividend will four cent. There proximate ten cent divihave been two dends since the bank closed. This will make total of about then per cent the depositors for the cash they deposit.