Lincoln County Bank - Canton, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1926*
Location: Canton, South Dakota (43.301, -96.593)

Metadata

Model: gpt-5-mini
Short Digest: 9b6fd940

Response Measures

None

Description

Article (Sioux City Journal, 1928-04-26) states Lincoln County Bank suspended business in 1926 and its affairs have been handled by the state banking department since; by 1928 the bank building and fixtures were sold. No run is mentioned. The regulator involvement suggests closure under state supervision rather than a temporary suspension and reopening.

Events (1)

1. January 1, 1926* Suspension

Cause: Government Action
Cause Details: Bank suspended business in 1926 and subsequently its affairs were handled by the state banking department, indicating regulatory intervention/closure by state authorities.
Newspaper Excerpt: In 1926 the Lincoln County bank suspended business and its affairs since have been handled through the state banking department.
Source: newspapers

Newspaper Articles (1)

1. April 26, 1928 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, April 26, 1928

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Article Text

EARLY DAKOTA TOWN IS DEAD Wheeler Once a County Seat-Courthouse Is Now a Barn. (Special Dispatch to The Journal.) Wheeler, S. D., April The picturesque and historic town of Wheeler is dead. The old courthouse is there and two hotel buildings, besides some others, but there is no store now, no postoffice. and no county seat. The courthouse is used as farm building and cows and pigs find shelter and feed in the one time capital building of Charles Mix county. Named after Judge F. T. Wheeler, an early justice of the peace, the town was started in 1878. For several years it was thought this was the best site on the river for railroad bridge, and many visions of great town falled to materialize. The county seat was located here for many years and there was well patronized ferry and two high steel towers, one on either side of the Missouri, to connect with Beginning TODAY-Thursday Bonesteel by telephone. There is no telephone now and star route between Geddes and Bonesteel distributes the mail in roadside mail boxes for the six families living here. The oldest building is the hotel built in 1879, and now the residence of one family. An old bank building, with its stone vault, stands empty. Several of the present inhabitants have been here from the beginning. Sam Truman has been there since 1872. Leslie Biggins teaches a school of 19 pupils in the grades and nearby farmer conducts church and Sunday school each Sunday. EPISCOPAL CATHEDRAL DEAN WITHDRAWS RESIGNATION Sioux Falls, S.- D., April 25.-Special: Tendering his resignation sev. eral weeks ago, Rev. E. B. Woodruff, SALE dean of Calvary (Episcopal) cathedral in this city, has reconsidered the matter and now announces that he has decided to remain at the cathedral. (Pressure on him after announcement of his became so strong that he finally decided to withdraw it.) FARMER KICKED IN FACE BY HORSE; SERIOUSLY HURT Milbank, S. D., April 25.-Special: Special Purchase Sale Offer Henry Van Hout, a farmer, is recovering in a Milbank hospital from injuries suffered when he was kicked by one of his horses. His injuries are of serious nature. The man sustained dislocation of one side of his jaw, split chin bone, you to buy the one you have in mind at very much less than it would cost ordinarily. Scientifically and fracture of the other jawbone, keep clean-insulated to conserve ice and food-these refrigerators are decidedly good investments in addition to a broken nose. Wall May Build School. Wall, S. D., April 25.-Special: Prospects are bright for the erection in Wall this summer of new public school building. The matter was discussed at mass meeting of citizens, and sentiment almost was unanimously in favor of the project. It is thought the board of education, at meeting to be held Friday, will take definite action in the matter by calling a special election for the purpose of submitting to the voters the proposition of issuing bonds for the erection of the new school. Guide Aviators. Mitchell, S. D., April 25.-Special: In conformity with government reg. 30-pound of Ice ulations, letters spelling "Mitchell" 17.95 have pointed on the roof of the capacity Metropolitan theater as an indicati to aviators of the city that they are flying over this town. The letters 50-pound 22.50 With any Refrigerator Purchased are in bright yellow, are 16 feet high. capacity and cover 75-foot strip. They point to the west, indicating the location of During This Sale the Mitchell landing field. The land100-pound ing field has been marked in accord- 35.00 ance with government regulations, capacity Coupon books good for 500 to 1000 pounds of ice FREE with the purchase of any new refrigerator in our stock. Red Cross Honors Two. St. Louis, Mo., April 25.-(P)-Two Ice to be delivered as wanted by the Artificial Ice Co. Free! 500-pound coupon ice book with any persons in South Dakota have been or Consumers Ice Co. awarded honorable service medals for of the above refrigerators. 1927 in the Red Cross senior life sav. ing corps, midwestern Red Cross headquarters here announced. The South Dakota winners are: H. W. K. Zellhoefer, of Vermillion, who was Gibson Front Icing awarded service bar, and Eva Heggland, of Mitchell, who will receive Gibson All-Porcelain medal. The medals will be presented by local Red Cross chapters. Runoff Election Held. Aberdeen, S. D., April -Special City Engineer E. A. Bennett was elected city water and sewer by a majority of 902 votes over J. E. Pyne in the runoff election held here. The vote was 3,210 to 1,408 for Bennett, making the biggest vote cast in Aberdeen for some time. Mr. Bennett had big lead over six candidates in the first election but not enough to insure a majority. Sioux Falls Has $64,749. Sioux Falls, S. D., April 25 Special: sulation, including one-ineh of cork board, sealed airSloux Falls has a total of $644,749 in tight with Hydrolene cement, fiber insulating board, the city treasury, according to a re- HITE porcelain cases trimmed with W port of Miss Helen Egbert, city treascharcoal sheeting and refrigerator felt. urer. This is divided into $360,288 in polished aluminum. 21/2-inch cork sinking funds and $284,461 in the board insulation with 15 other walls of general fund. The report shows that of the sinking fund the city has $240.- insulation. One-piece porcelain lined ice 000 invested in bonds of the city and and provision chamber compartments. Bohn Refrigerators in state rural credit bonds. Town Drills Test Well. 100-pound ice capacity Marion, S. D., April 25.-Special: Free! 1000-pound ice The work of drilling a new artesian coupon book well will be pushed here during the coming weeks. At the present time two-inch test well is being drilled. XTERIORS of solid oak in golden oak finishes. If sufficient supply of water E struck a larger artesian well will be Provision chambers of one-piece porcelain con- $89 drilled on the city property near the struction. 10 walls of building construction and insuwater tank. Closed Bank's Building Sold. Canton, S. D., April 25.-Special: The Lincoln County bank building and Gray Enamel Bohn Ice Boxes fixtures have been sold to P. A. Overseth, president of the Farmers State bank, Canton. Oversath's bid was $18,Free! 1000-pound ice coupon book 800. In 1926 the Lincoln County bank suspended business and its affairs 130-pound ice capacities. Grey porcelain exteriors. since have been handled through the Equipped with one-piece white porcelain linings. 10 state banking department. $125 Women Plan Convention. Madison, S. D., April 25.-Special: DAVIDSON'S FOURTH FLOOR The state the P. will be held in Madison June 6, and 8, and of the local chapter are making preparations for the event. It is probable that a part at least EASY TERMS the sesisons will be held at Lake Mad ison.