17552. First State Bank (Bowdle, SD)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
February 14, 1907
Location
Bowdle, South Dakota (45.453, -99.654)

Metadata

Model
gpt-5-mini
Short Digest
befe165175eaaaa7

Response Measures

None

Description

Articles show the First State Bank of Bowdle opened in Feb 1907 and was later announced closed by the South Dakota Superintendent of Banks in late 1932. There is no mention of a depositor run in the provided texts; the closure is reported as an official announcement (government action / suspension). OCR is corrected for obvious spacing/typos. Date of closure not given precisely in the clipping; superintendent announcement is reported in a 1932-12-09 paper and references recent closures in November, so I record November 1932 as month of suspension.

Events (2)

1. February 14, 1907 Other
Newspaper Excerpt
A new banking institution, incorporated under the name of the First State Bank of Bowdle, has commenced business at Bowdle. Capital, $10,000. Officers: President, John C. Gross; vice president, H. C. Gross; cashier, I. B. Gundert.
Source
newspapers
2. November 1, 1932* Suspension
Cause
Government Action
Cause Details
Closure announced by the South Dakota Superintendent of Banks (official suspension/closing).
Newspaper Excerpt
South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed.
Source
newspapers

Newspaper Articles (2)

Article from Pierre Weekly Free Press, February 14, 1907

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Article Text

South Dakota General State News Paragraphed. Larry Roach shot John Kane at Marvin. The two men had trouble of long standing. :::: W. H. Bass, a farmer, delivered a hog to buyers at Armour that weighed 665 pounds and brought $41. : : : : William Chapman shot and killed himself at his home in Watertown. He had been slightly unbalanced for some time. :::: As a result of the explosion of the water front of a cook stove at Deadwood, Mrs Marion Willitts, over seventy years old, was seriously injured. :::: Dr. Felix Ashcroft, county physician, vaccinated 100 persons at Laflin, where the Safe Investment mine is located. Smallpox broke out there several days ago. : : : : Carey O'Connor, a farmer fifty years of age, five miles south of Beresford, had four fingers on his left hand ground off in a corn sheller. Amputation above the knuckle joints was necessary. : : : : The Miners' Union opera house at Lead was reopened after it had undergone improvements to the amount of $12,000. The opening was a presentation of "A Winter's Tale" by the Women's Club of Lead. :::: Articles of incorporation have been filed for the Broadland State bank at Broadland, with a capital of $5,000; incorporators, E. L. Abel, R. J. Mahaffey, Perry S. Dalquist of Huron; D. L. Briggs, Levi Hook of Broadland. Damage to the amount of about $,000 was caused by a fire in the Sioux Falls yards of the Tuthill Lumber company. The flames were fought and extinguished by the fire department while the temperature was more than 20 below zero. :::: A new banking institution, incorporated under the name of the First State Bank of Bowdle, has commenced business at Bowdle. Capital, $10,000. Officers: President, John C. Gross; vice president, H. C. Gross; cashier, I. B. Gundert. : : : : The first movement of any magnitude toward making Lake Andes a leading summer resort has been start ed by W. T. McFarland of Struble, Iowa, who has purchased 275 acres and will erect a large hotel near the shore of the lake. :::: The Citizens' Bank of Edgemoni has closed its doors and W. W. Stew art was appointed receiver by Judge McGee. It is claimed that the cred itors will be paid in full. This was a new institution and found that there was not room for a second bank. The range belonging to Fred Meyer of Sturgis blew up, and is a tota wreck; one griddle was blown through the ceiling, the windows of the rooms are knocked out, and pieces of iron are sticking in the wall all over the room A hot water tank in connection with the range is supposed to have caused the explosion. Mrs. Meyer had left the room just before the explosion. :::: A number of leading Black Hills physicians have formed an organiza tion for conducting a Hot Spring sanitarium and hospital. They have leased the handsome three-story resi dence of Dr. and Mrs. Hargens, which has twenty-six rooms, and have al ready begun converting it into the sanitarium, and a complete modern equipment will be placed therein. :::: After reing thoroughly into the le


Article from The Producers News, December 9, 1932

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Article Text

New Bank Suspensions Nebraska: George W. Woods, Bank Commissioner, has announced: Bank of Raymond, Raymond, closed. South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed. National banks suspending Nov. 18, as re- ported to the Comptroller of the Currency and made public Nov. 18, were: National banks suspending Nov .14, as reported to the Comptroller of the Currency and made public Nov. 14 were: Shawnee National Bank, Shawnee, Okla.; resources, $2,359,264; First National Bank of Allen, Okla., resources $119,771; First National Bank of McLoud, Okla.; resources, $130,272; Park National Bank of Sulphur, Okla.; resources, $213,651. Diamond National Bank of Pittsburgh, Pa.,; resources, $15,849,950. United States National Bank and Trust Co4 of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, 111., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.