Bank of Bowdle - Bowdle, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 20, 1928
Location: Bowdle, South Dakota (45.453, -99.654)

Metadata

Model: gpt-5-mini
Short Digest: 8ab1d456

Response Measures

None

Description

Article (Sioux City Journal, 1928-11-20) reports the Bank of Bowdle as a 'closed' bank and that creditors are receiving a 10% dividend. No run is mentioned; the bank appears to have suspended and is in liquidation/closure. Exact suspension date not provided; dividend payment reported Nov 20, 1928.

Events (2)

1. November 20, 1928 Other

Newspaper Excerpt: Creditors of the closed ... Bank of Bowdle, Bowdle, receiving 10 per cent dividend their claims. Payment of this dividend ... will make total of 30 per cent which has been paid by the bank since suspension, the state banking department indicated in making the announcement.
Source: newspapers

2. * Suspension

Cause Details: Article only states the bank was 'closed'; no cause (e.g., insolvency, correspondent failure, or run) is given.
Newspaper Excerpt: Closed Banks Pay Dividends. ... Creditors of the closed ... Bank of Bowdle, Bowdle, receiving 10 per cent dividend their claims.
Source: newspapers

Newspaper Articles (1)

1. November 20, 1928 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, November 20, 1928

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Article Text

COMMERCIAL CLUB FORMED BY MERCHANTS OF SALEM Salem S. D., Nov. number of Salem joyed a banquet, after which they organized a Salem commercial club Five were elected and the directors B. Knox president and R. W are A. Knox E. E Hallas, B. Miller and R. W. The club has a number of things to for the welfare of Salem and plans are being formulated. Legion Post Officers Name Sully county post, American legion has elected the following officers: Jordan M. R vice adjutant: Arthur ficer of finance: Lewis Fosness, his. torian: Arthur Larson, chaplain. B. Knox, Earl Hardwick and Sig Severson were chosen to serve the executive committee The auxillary elected Mrs. Guy Runrill, president: Mrs. Harold Akers, vice president: Mrs. W. C. Jordan secretary, and Mrs. Arthur Owens, treasurer. Closed Banks Pay Dividends. Pierre, S. D., Nov Creditors of the closed Virgil State bank, Virgil, of the closed Bank of Bowdle, Bowdle, receiving 10 per cent dividend their claims. Payment of this dividend to the Virgil State bank creditors will make total of 30 per cent which has been paid by the bank since suspension, the state banking department indicated in making the announcement.