17617. State Bank (Ellis, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 6, 1929
Location
Ellis, South Dakota (43.562, -96.831)

Metadata

Model
gpt-5-mini
Short Digest
4e1b2632762c0e97

Response Measures

None

Description

Articles (April 6 and April 8, 1929) report the State Bank of Ellis had been in suspension and that the state banking department announced a final dividend to creditors (15.57%), bringing total dividends to 65.57% paid to depositors since suspension. No run is described in the articles; the bank remained closed and distributions by the banking department indicate ultimate closure/receivership.

Events (3)
1. April 6, 1929 Other
Newspaper Excerpt
Creditors of the State bank of Ellis, Ellis, are being paid a final dividend of 15.57 per cent, it was announced by the state banking department. This dividend makes a total of 65.57 per cent in dividends received by depositors of the bank since suspension.
Source
newspapers
2. April 8, 1929 Other
Newspaper Excerpt
FIFTEEN PER CENT — Pierre, April ... State Bank of Ellis, Ellis, being paid final dividend per cent, was announced by the state banking department. This dividend makes total ... in dividends ... by depositors of the bank since suspension.
Source
newspapers
3. * Suspension
Cause Details
Article only references the bank having been in suspension; no cause for suspension given.
Newspaper Excerpt
This dividend makes a total of 65.57 per cent in dividends received by depositors of the bank since suspension.
Source
newspapers

Newspaper Articles (2)
1. April 6, 1929 The Daily Plainsman Huron, SD
Article from The Daily Plainsman, April 6, 1929

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Article Text

ELLIS BANK PAYS PIERRE, April 6.-(P)-Creditors of the State bank of Ellis, Ellis, are being paid a final dividend of 15.57 per cent, it was announced by the state banking department. This dividend makes a total of 65.57 per cent in dividends received. by depositors of the bank since suspension.

2. April 8, 1929 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, April 8, 1929

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Article Text

moving chases motor trucks in to hasten delivery and rooms scraped nearly bare The total of new refined copper withdrawn on domestic account during 1928 estimated by the United States bureau of mines crease of 12 per cent over the 1927 withdrawals of 000 pounds and the greatest history with the one exception.of war year decrease of nearly 000 pounds in refined and blister stocks at the beginning of 1929 bespeaks the failure of production to overcome the handicap of three months required to transform into the refined products, though smelter production creased 10 per cent, production new refined copper gained per cent and the output of secondary copper in 1928 was per cent above that of FIFTEEN PER CENT Pierre, April of the State Bank of Ellis, Ellis, being paid final dividend per cent, was announced by the state banking department This dividend makes total cent in dividends ed by depositors of the bank since suspension Moscow Commissariat Trade announced that 88 per cent of the 10,000,000 tons Soviet exports in 1928 ried in foreign vessels The ernment considering organization of special soviet chartering company