Dakota State Bank (Madison, SD)

Episode Information

Episode UID
78066071573
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7806607 routing
Routing Number
78-0660
Start Date
January 1, 1931
Location
Madison, South Dakota (44.006, -97.114)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2d8cbb4980eb5f05

Response Measures

None

Description

Multiple receivers appointed over years for this closed bank.

Events (4)
1. January 1, 1931 Receivership
Newspaper Excerpt
Harold McKinnon ... has been appointed receiver in charge of the closed Dakota State bank, of Madison, and has assumed his duties.
Source
newspapers
2. January 1, 1931 Suspension
Cause Details
Article describes the bank as already closed; no specific trigger given
Newspaper Excerpt
has been appointed receiver in charge of the closed Dakota State bank, of Madison
Source
newspapers
3. July 2, 1933 Receivership
Newspaper Excerpt
BANK RECEIVER NAMED ... 'Bud' Rensch ... has received his appointment as receiver for the Dakota State Bank
Source
newspapers
4. December 11, 1934 Receivership
Newspaper Excerpt
will come here January to become receiver of the Dakota State bank and number of other closed banks in this vicinity
Source
newspapers

Newspaper Articles (4)
1. January 1, 1931 The Sioux City Journal Sioux City, IA

Article Text

Bank Receiver Chosen Madison, S. D.—Special: Harold McKinnon, formerly connected with the administration of closed banks in Colman and Flandreau, and recently with the management of the bank at Lake Andes, has been appointed receiver in charge of the closed Dakota State bank, of Madison, and has assumed his duties. He succeeds H. S. Dzie, of Woonsocket, who had been appointed receiver for the bank and who resigned to accept a position as fieldman in the South Dakota district for the Federal Land bank, of Omaha.

2. January 1, 1931 The Sioux City Journal Sioux City, IA

Article Text

Bank Receiver Chosen Madison, S. D.—Special: Harold McKinnon, formerly connected with the administration of closed banks in Colman and Flandreau, and recently with the management of the bank at Lake Andes, has been appointed receiver in charge of the closed Dakota State bank, of Madison, and has assumed his duties. He succeeds H. S. Dzie, of Woonsocket, who had been appointed receiver for the bank and who resigned to accept a position as fieldman in the South Dakota district for the Federal Land bank, of Omaha.

3. July 2, 1933 Argus-Leader Sioux Falls, SD

Article Text

P.O. RECEIPTS HERE SHOW GAIN FOR JUNE Postal receipts for June showed an increase of 15.06 percent over the same month year ago, was announced Saturday by Postmaster C. Seals. The for June totaled this year, as compared with $23,150.54 for that month in 1932. This is the second consecutive month in which local postal receipts showed gain. BANK RECEIVER NAMED Madison "Bud" Rensch of Ramona has received his appointment as receiver for the Dakota State Bank, Harold McKinnon, it was announced Saturday. An is now being undertaken in each of the 13 other closed banks in this territory which are being administered from the Madison office of receiver will consist of closing the accounts in these banks. Mr. Rensch was former salesman has been farming the past year.

4. December 11, 1934 Argus-Leader Sioux Falls, SD

Article Text

NEW BANK RECEIVER Madison. Jacobsen. Watertown bank receiver. will come here January to become receiver of the Dakota State bank and number of other closed banks in this vicinity He will succeed H. W. Hinricks, who recently came here from Hot