Ringsted State Bank - Ringsted, IA

Episode Information

Episode UID: 72110871489
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 7211087 routing
Routing Number: 72-1108
Start Date: January 23, 1924
Location: Ringsted, Iowa (43.295, -94.512)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 2b5cbd3a0e818029

Response Measures

None

Description

Closure was initiated by the board of directors (temporary), not by state receivership.

Events (2)

1. January 23, 1924 Reopening

Newspaper Excerpt: the Ringsted State bank was re-opened after having been closed a few weeks ago by the board of directors.
Source: newspapers

2. * Suspension

Cause: Voluntary Liquidation
Cause Details: Closed a few weeks earlier by the bank's board of directors (temporary internal closure).
Newspaper Excerpt: re-opened after having been closed a few weeks ago by the board of directors.
Source: newspapers

Newspaper Articles (1)

1. January 24, 1924 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, January 24, 1924

Click image to open full size in new tab

Article Text

BANK RE-OPENS. Ringsted Institution Has New Set of Officers. Ringsted, Ia., Jan. 23.—Through the co-operation of the depositors, borrowers and former directors, working with the state banking department, the Ringsted State bank was re-opened after having been closed a few weeks ago by the board of directors. The new institution has 237 stockholders with a paid capital of $40,000. The new officers are: Chris F. Johnson, president; Nes Bonnickser, and H. W. Jensen, vice presidents; W. B. Mangold, cashier; P. H. Underwood, W. M. Jacobson, Anton Nelson, H. C. Christiansen and Laura M. Smith, directors.