Commercial & Savings Bank - Sioux Falls, SD

Episode Information

Episode UID: 78001071504
Episode Type: Suspension → Closure
Bank Type: savings
Bank ID: 7800107 routing
Routing Number: 78-0010
Start Date: April 1, 1925*
Location: Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b1d1e889bd5ead40

Response Measures

None

Description

Article states the Sioux Falls bank is closed and under the state banking department; additional articles could confirm exact closure/receivership date.

Events (3)

1. April 1, 1925* Receivership

Newspaper Excerpt: state banking department which is in charge of the Sioux Falls institution
Source: newspapers

2. April 1, 1925* Suspension

Cause: Government Action
Cause Details: Placed in charge of the state banking department after closure.
Newspaper Excerpt: officers and stockholders of the closed Farmers' Savings bank of Tea are liable for notes sold to the closed Commercial & Savings bank of Sioux Falls.
Source: newspapers

3. April 15, 1925 Other

Newspaper Excerpt: This is considered an important victory for the state banking department which is in charge of the Sioux Falls institution (report on legal action related to closed bank).
Source: newspapers

Newspaper Articles (1)

1. April 15, 1925 The Daily Deadwood Pioneer-Times Deadwood, SD

Article from The Daily Deadwood Pioneer-Times, April 15, 1925

Click image to open full size in new tab

Article Text

STOCKHOLDERS LIABLE FOR NOTES BANK SOLD CANTON, April 14.—Judge Rudolph in circuit court, holds that officers and stockholders of the closed Farmers' Savings bank of Tea are liable for notes sold to the closed Commercial & Savings bank of Sioux Falls. This is considered an important victory for the state banking department which is in charge of the Sioux Falls institution.