Penn Avenue State Bank (Minneapolis, MN)

Episode Information

Episode UID
17010271599
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
1701027 routing
Routing Number
17-0102
Start Date
March 1, 1933*
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4bbf9bd387635a8e

Response Measures

None

Description

Articles state the bank was closed and in liquidation and later listed as in receivership.

Events (2)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank was closed and placed into liquidation/ceased operations during banking holiday period; later under official control
Newspaper Excerpt
closed Penn Avenue State Bank
Source
newspapers
2. December 1, 1933* Receivership
Newspaper Excerpt
Penn Avenue State bank, Minneapolis (receiver), $32,000; RFC loans to Minnesota banks during December, 1933 (Star Tribune, 1934-03-13).
Source
newspapers

Newspaper Articles (3)
1. April 26, 1933 Star Tribune Minneapolis, MN

Article Text

DEPOSITORS TO AID BANK LIQUIDATION Depositors of the closed Penn Avenue State Bank of Minneapolis Pile Relief m. Monday at the bank. Penn avenue and West Broadway. Pile sufferers, no longer need select to work with the in doubt for here a time ing the bank's assets. bank developed by wellwas of five state Rectal Specialist neapolis that closed the bank and used practice for 27 years, holiday began March and failed you the assurance that holiday The relief secured. meeting authorized by John be purchased of your druggist. If he does and called the direct Curtis special deputy oratories, 1108 Nicollet Minne of the Avenue bank Adv.

2. March 13, 1934 Star Tribune Minneapolis, MN

Article Text

R. F. C. Loans to City Banks Announced Washington, D. C., March 12.—(AP)—The Reconstruction Finance corporation announced Monday $864,000 was loaned to Minnesota banks during December, 1933. The loans and banks follow: Anoka National bank (receiver), $20,000; Columbia National Bank of Columbia Heights, $15,000; Farmers & Merchants State bank, Dassel, $100,000; Ellendale State bank, Ellendale (repaid in full), $8,000; First National bank, Frazee (receiver), $30,000; Calhoun State bank, Minneapolis (receiver), $57,000; Harriet State bank, Minneapolis (receiver), $37,000; Penn Avenue State bank, Minneapolis (receiver), $32,000; Twenty-sixth Street State bank, Minneapolis (receiver), $40,000; State Bank & Trust Co., Redwood Falls (receiver), $320,000; Citizens State bank, St. Paul (receiver), $15,000; Dayton's Bluff State bank, St. Paul (receiver), $150,000; First National of Westbrook (receiver), $40,000.

3. March 16, 1934 St. Cloud Times Saint Cloud, MN

Article Text

RFC Loan to State Banks Announced Washington (AP)-The Recon struction Finance corporation an nounced $864.000 had been loaned to Minnesota banks during December, 1933. The loans and banks follow: Anoka National bank (receiver), $20,000. Columbia National bank of Columbia Heights, $15,000 Farmers and Merchants State bank, Dassel, $100,000 Ellendale State bank, Ellendale, (repaid in full), $8,000. First National bank, Frazee, (receiver), $30,000. Calhoun State bank, Minneapolis, (receiver), Hariett State bank, Minneapolis, (receiver), $37,000. Penn Avenue State bank, Minneapolis, (receiver) $32,000. Twenty sixth Street State bank, Minneapolis, (receiver). $40,000. State Bank and Trust Co., Redwood Falls, (receiver), $320,000. Citizens State bank, St. Paul, $15,000. Dayton's Bluff State bank, St. Paul, (receiver), $150,000. First National bank of Westbrook, (receiver), $40,000.