State Bank (Franklin, MN)

Episode Information

Episode UID
3935731491601
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
393573149 hash
Start Date
May 3, 1933
Location
Franklin, Minnesota (44.529, -94.883)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9007f38e42694980

Response Measures

None

Description

Receivership for the bank is reported in 1934 after it was listed as discontinuing business in 1933.

Events (2)
1. May 3, 1933 Suspension
Cause Details
Announced as discontinuing business (listed among banks closing May 3, 1933).
Newspaper Excerpt
In addition, banks announced today as discontinuing business were the State Bank of Cobden, Standard State Bank of Taylors Falls, State Bank of Franklin and the Farmers State Bank of Jasper.
Source
newspapers
2. August 30, 1934 Receivership
Newspaper Excerpt
G. A. Johnson ... to succeed Fred H. Hahne as receiver of the State Bank and Trust company of Redwood Falls, the Farmers and Merchants bank at Morgan and the State Bank of Franklin.
Source
newspapers

Newspaper Articles (3)
1. May 3, 1933 The Albert Lea Tribune Albert Lea, MN

Article Text

Four State Banks to Close, 11 Opened St. Paul, May 3—(AP)—Reopening of eleven state banks in Minnesota was announced today by John N. Peyton, state commissioner of banks. Banks reopening today were the State Bank of Edgerton, State Bank of Blomkest; Farmers State Bank of Kanaranzi, Camden Park State Bank of Minneapolis; Lowry State Bank of Lowry; McGregor State Bank of McGregor; Farmers State Bank of Raymond; First State Bank of Stewartville; Farmers State Bank of Delavan; Farmers and Merchants State Bank of Preston and the Peoples State Bank of Mazeppa. In addition, banks announced today as discontinuing business were the State Bank of Cobden, Standard State Bank of Taylors Falls, State Bank of Franklin and the Farmers State Bank of Jasper.

2. August 30, 1934 The Redwood Gazette Redwood Falls, MN
Article from The Redwood Gazette, August 30, 1934

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Article Text

G. A. Johnson is New State Bank Receiver G. A. Johnson, who has been in charge of liquidation of the bank at Scandia, came here this week to succeed Fred H. Hahne as receiver of the State Bank and Trust company of Redwood Falls, the Farmers and Merchants bank at Morgan and the State Bank of Franklin. Mr. Johnson is a brother of J. Albert Johnson and lived here years ago. He has been with the banking department since 1926, first having charge of several closed banks near Thief River Falls and has been at Scandia the last 18 months. He plans to move his family here soon. Mr. Hahne moved to Manistique, Michigan, recently to take charge of a new bank there.

3. August 30, 1934 The Redwood Gazette Redwood Falls, MN

Article Text

G. A. Johnson is New State Bank Receiver G. A. Johnson, who has been in charge of liquidation of the bank at Scandia, came here this week to succeed Fred H. Hahne as receiver of the State Bank and Trust company of Redwood Falls, the Farmers and Merchants bank at Morgan and the State Bank of Franklin. Mr. Johnson is a brother of J. Albert Johnson and lived here years ago. He has been with the banking department since 1926, first having charge of several closed banks near Thief River Falls and has been at Scandia the last 18 months. He plans to move his family here soon. Mr. Hahne moved to Manistique, Michigan, recently to take charge of a new bank there.