Bank of Jefferson - Jefferson, SD

Episode Information

Episode UID: 78033871526
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7803387 routing
Routing Number: 78-0338
Start Date: February 1, 1927*
Location: Jefferson, South Dakota (42.602, -96.559)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ee6bb01b76543cde

Response Measures

None

Description

Article reports alleged embezzlement and missing funds; limited coverage on formal suspension/receivership steps.

Events (2)

1. February 1, 1927* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Alleged embezzlement and unauthorized certificates; $60,000 missing attributed to Ralph Gilmore
Newspaper Excerpt: Sixty thousand dollars of the bank's funds are missing
Source: newspapers

2. February 24, 1927 Receivership

Newspaper Excerpt: SIOUX CITIAN TO STAND TRIAL FOR FAILURE OF JEFFERSON, S. D., BANK Ralph Gilmore Sioux City blamed by Union county officials for the wrecking of the Bank of Jefferson.
Source: newspapers

Newspaper Articles (1)

1. February 24, 1927 Des Moines Tribune Des Moines, IA

Article from Des Moines Tribune, February 24, 1927

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Article Text

SIOUX CITIAN TO STAND TRIAL FOR FAILURE OF JEFFERSON, S. D., BANK Ralph Gilmore Sioux City blamed by Union county officials for the wrecking of the Bank of Jefferson. Jefferson. S. D. must stand trial March 21 on two charges. unlawful of tificates deposit without authority of the board of directors and embezzlement. His bond fixed at $20,000 at hearing in Elk Point late Wednesday Sixty thousand dollars of the bank's funds are missing