Article (1897-04-27) states that C.F. Zimmerman has closed up his bank at Iroquois and is moving to Sioux Falls. No mention of a run or receivership; appears to be a voluntary closure. I classify this as a suspension leading to permanent closure (voluntary liquidation).
Events (1)
1.April 27, 1897Suspension
Cause
Voluntary Liquidation
Cause Details
Owner/operator (C.F. Zimmerman) closed the bank and relocated to Sioux Falls; no run or regulatory receivership mentioned.
Newspaper Excerpt
C.F. Zimmerman has closod up his bank at Iroquois and will remove with his family to Sioux Falls...
Source
newspapers
Newspaper Articles (1)
1.April 27, 1897The Madison Daily LeaderMadison, SD
Click image to open full size in new tab
Article Text
Ex-Bank Examiner, C.F. Zimmerman has closod up his bank at Iroquois and will remove with his family to Sioux Falls, where he is now receiver of the Dakota National bank.