Article Text
PAY DIVIDEND PIERRE March first dividend of per cent amounting to about being paid creditors the closWallace State bank Wallace, Codington county, the state banking departreported today. The bank suspendAug.
17796. Wallace State Bank (Wallace, SD)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- August 1, 1931*
- Location
- Wallace, South Dakota (45.086, -97.476)
Metadata
- Model
- gpt-5-mini
- Short Digest
f6774ba2bf8c3259
Response Measures
None
Description
Articles state the Wallace State Bank (Codington County) suspended in August 1931 and is described as 'closed' and paying a dividend to creditors March 1, 1932. No run is mentioned; the bank appears to have suspended and remained closed under liquidation/receivership.
Events (3)
1.
August 1, 1931*
Suspension
- Cause Details
- Article does not specify a cause for the suspension; only gives date (Aug. 1931) that the bank suspended/closed.
- Newspaper Excerpt
- The bank suspendAug. 1931.
- Source
- newspapers
2.
March 1, 1932
Other
- Newspaper Excerpt
- PAY DIVIDEND PIERRE March first dividend of ... being paid creditors the closWallace State bank Wallace, Codington county, the state banking depart reported today. The bank ... dividend of 10 per cent, amounting to about being paid creditors of the closed Wallace State Bank ... The bank suspendAug. 1931. (OCR fragments consolidated).
- Source
- newspapers
3.
March 1, 1932
Receivership
- Newspaper Excerpt
- being paid creditors of the closed Wallace State Bank of Codington county, the state department reported (dividend paid March 1, 1932).
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
PAY DIVIDEND dividend of 10 per cent, amounting to about being itors of the closed Wallace State Bank of Codington counthe state department reported The bank suspendAug. 1931.