State Bank (Bondurant, IA)

Episode Information

Episode UID
72121171581
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
7212117 routing
Routing Number
72-1211
Start Date
September 9, 1931
Location
Bondurant, Iowa (41.701, -93.462)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
71084fa981e1fc61

Response Measures

None

Description

Receiver referenced in 1934 article confirms bank did not resume normal operations after the 1931 closing.

Events (3)
1. September 9, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals late Tuesday (suggesting bank-specific distress/solvency concerns prompted the run).
Measures
Directors closed the bank and failed to open next morning.
Newspaper Excerpt
The State Bank of Bondurant, failed to open its doprs Wednesday morning. The bank was closed by order of the directors, after a heavy run late Tuesday afternoon.
Source
newspapers
2. September 10, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors ordered closure following heavy run and inability to meet withdrawals.
Newspaper Excerpt
The State Bank of Bondurant, failed to open its doprs Wednesday morning. The bank was closed by order of the directors
Source
newspapers
3. March 6, 1934 Receivership
Newspaper Excerpt
D. W. Bates, state superintendent of banking and the bank's receiver, was directed to store permanent records ... Judge Herrick also authorized 10 per cent payment to depositors.
Source
newspapers

Newspaper Articles (2)
1. September 10, 1931 The Altoona Herald Altoona, IA

Article Text

BONDURANT BANK FAILS TO OPEN DOORS The State Bank of Bondurant, failed to open its doprs Wednesday morning. The bank was closed by order of the directors,after a heavy run late Tuesday afternoon.

2. March 6, 1934 The Des Moines Register Des Moines, IA

Article Text

BANK RECORD ORDER GIVEN Herrick O. K.'s Destruction of Bondurant Papers. Destruction of permanent rec ords of the State Bank of Bondurant, Bondurant, Ia., prior to Sept 1926, was authorized Monday by Judge Herrick. D. W. Bates, state superintendent of banking and the bank's receiver, was directed to store permanent records between that date and Sept. 9. 1931, with the clerk the town council of Bondurant The order absolved the clerk or council from liability due to loss or destruction by fire, burglary or theft. Judge Herrick also authorized 10 per cent payment to depositors.