State Bank - Wentworth, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 1, 1927*
Location: Wentworth, South Dakota (43.997, -96.964)

Metadata

Model: gpt-5-mini
Short Digest: fe6d0bb32eaf8591

Response Measures

None

Description

Article reports the closed State Bank of Wentworth paying a dividend to depositors/creditors; no mention of a run. Closure/suspension appears to have occurred in October (presumably Oct 1927) and by Dec 28, 1927 dividends were being paid, consistent with a suspension followed by permanent closure and distribution under receivership.

Events (2)

1. October 1, 1927* Suspension

Cause Details: Article does not specify cause of the suspension/closure; only refers to the bank as 'closed' in October and later paying dividends.
Newspaper Excerpt: the closed State Bank ... making for the second October by this bank since dividend
Source: newspapers

2. December 28, 1927 Receivership

Newspaper Excerpt: WENTWORTH BANK PAYS DEPOSITORS DIVIDEND ... by the creditors of the closed State Bank ... dividend being total per cent received to date (Argus-Leader, 1927-12-28). (Article indicates payments to depositors/creditors of the closed bank.)
Source: newspapers

Newspaper Articles (1)

1. December 28, 1927 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, December 28, 1927

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Article Text

WENTWORTH BANK PAYS DEPOSITORS DIVIDEND Dec. checks were from the ment the day before Christmas banking depart- by the creditors of the closed State Bank deposit, Wentworth making for the second October by this bank since dividend being total per cent received to date