State Bank - Kaylor, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 29, 1931
Location: Kaylor, South Dakota (43.188, -97.839)

Metadata

Model: gpt-5-mini
Short Digest: 5eadeb5e06ed899f

Response Measures

None

Description

OCR'd article reports the Kaylor State bank closed July 29, 1931 and was liquidated; November 5, 1932 article notes payment of dividends to creditors. No mention of a depositor run; evidence points to suspension and permanent closure with liquidation/dividends. I corrected OCR artifacts and inferred the closure date from the text.

Events (2)

1. July 29, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank closed on July 29, 1931 and subsequently liquidated (article states bank closed July 29, 1931 and discusses liquidation/dividends).
Newspaper Excerpt: The payment will bank closed July 29, 1931.
Source: newspapers

2. November 5, 1932 Receivership

Newspaper Excerpt: KAYLOR BANK LIQUIDA the Kaylor State ... Since creditors have dividends totaling ... second dividend of creditors ... The payment will ... liquidated ... paid ... dividends to creditors the payment will bank closed July 29, 1931.
Source: newspapers

Newspaper Articles (1)

1. November 5, 1932 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, November 5, 1932

Click image to open full size in new tab

Article Text

KAYLOR BANK LIQUIDA the Kaylor State county, and paid Since creditors have dividends totaling perce second dividend of creditors the The payment will bank closed July 29, 1931. Detroit Constable Frank do relish He must $28.50 menage cludes two and Bartel said he Once stenographer expert fields of Australia