State Bank - Interior, SD

Episode Information

Episode UID: 2618497591573
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 261849759 hash
Start Date: January 2, 1931
Location: Interior, South Dakota (43.727, -101.984)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 964781eb6ca8b39d

Response Measures

None

Description

An examiner from the superintendent of banks was placed in charge, implying official suspension and receivership.

Events (1)

1. January 2, 1931 Suspension

Cause: Government Action
Cause Details: Superintendent of banks appointed an examiner to take charge of the suspended State Bank of Interior.
Newspaper Excerpt: examiner in charge of the suspended ... the State Bank of Interior
Source: newspapers

Newspaper Articles (1)

1. January 2, 1931 Rapid City Journal Rapid City, SD

Article Text

Around the West-River Late News From A Great Growing Empire WOMAN DIES AT WALL TUESDAY Wall, Jan. 2—Mrs. Joseph Bielmair died Tuesday evening at 7 o'clock after a lingering illness of about two years. Funeral arrangements are pending the arrival of her only child, Golden Melborn, Cedar Rapids, Iowa. SOUTHERN HILLS DROUGHT GOES ON Buffalo Gap, Jan. 2—The long fall and winter drought here remains unbroken. The fair weather without snow has been a great advantage to farmers, who are short on stock feed. Continuous frosts and freezes, nearly every night during December, has frozen the earth to a good depth, preventing moisture evaporation. January 1 found farmers well provided with feed for stock for the balance of the winter, regardless of the kind of weather that may come, they declare. of Martin, has received the appointment from superintendent of banks as examiner in charge of the suspended First State bank at Philip, the Cottonwood State bank, the State Bank of Interior and the First State bank of Quinn. On handling the affairs of the last four named institutions, Mr. Damon succeeds B. H. Millard, formerly in charge of them, who has been called to other work for the department in another section of the state. Mr. Damon will, for the present, maintain offices at both Kadoka and Philip but expects later to consolidate the affairs of all the banks at the Kadoka office. support. The Sturgis Commercial National bank spent several thousand dollars in enlargements of office and banking quarters, installing new, modern, fire-proof and burglar proof vaults, and also adding office and directors rooms to the capacity of the floor units. The Northwestern Bell Telephone company spent several thousand dollars on new equipment and has improved its service. The Tri-State Milling company also made substantial improvements. The city council has done much work in resurfacing the city streets and keeping up the road repairs and has made the best progress in its history. The road to Fort Meade has been widened and straightened and is in much better shape for general travel. DEBATE SCHEDULE LISTED AT STURGIS