Chamberlain State Bank - Chamberlain, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 16, 1930
Location: Chamberlain, South Dakota (43.811, -99.331)

Metadata

Model: gpt-5-mini
Short Digest: eb3a8756

Response Measures

None

Description

Articles report the Chamberlain State Bank suspended on December 16, 1930 and is referred to as the closed bank; the state banking department is paying dividends to creditors (receiver activity). No run is described in the articles.

Events (3)

1. December 16, 1930 Suspension

Cause: Government Action
Cause Details: Suspension/closure overseen by the state banking department (state closure/receiver action).
Newspaper Excerpt: the bank suspended December 16, 1930
Source: newspapers

2. January 22, 1932 Other

Newspaper Excerpt: Second dividend being paid depositors at Chamberlain ... dividend of five per cent being paid creditors of the closed Chamberlain State Bank, the state banking department announced today. previous dividend ... was paid last July making total $37,000 received since the bank suspended December 16, 1930.
Source: newspapers

3. January 22, 1932 Receivership

Newspaper Excerpt: five per cent being paid creditors of the closed Chamberlain State Bank, the state banking department announced today.
Source: newspapers

Newspaper Articles (2)

1. January 22, 1932 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, January 22, 1932

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Article Text

Second Dividend Being Paid Depositors at Chamberlain dividend Pierre Jan. second five percent paid creditors of the closed berlain State bank, the state Cham- banking today. dividend 30 last total $37,000 received by creditors 1930. bank suspended December 16, Istanbul. Turkey Jan. Soviet Russians call "Judas" Trotzky two year lease on villa the island of appears to discredit published Germany reports that to intended going to live.

2. January 22, 1932 Rapid City Journal Rapid City, SD

Article from Rapid City Journal, January 22, 1932

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Article Text

LOESCH REELECTED HEAD CRIME BOARD vice crusader never fighting crime, looked forward the future today with hope that would bring an improvement in enforcement Frank Loesch, the Wickersham commission. who re-elected yesterday for fifth time president Chicago Crime Commission, despite the fact he will be 80 years old April Without mentioning any names, the anti-crime campaigner. spoke his mind his annual certain members the city's declaring that judge had acquired the nickname of Cash Reg. what depths, he judgc have sunk earn such for recall," he the 232 gang murders mitted in the last four years this (Cook) county single murder brought to trial and all of those murders passed into tory as unsolved This frightful condition of lawlessness. PAYS DIVIDEND Pierre, Jan. (AP) dividend of five per cent being paid creditors the closed Chamberlain State Bank, the state banking department announced today. previous dividend of thirper cent was paid last July making total $37,000 received since the bank suspended December 16, 1930. home for the care of aged woteachers provided Columbus, Ohio, by will One airplanes be cared for at time at Wright Field. Dayton, Ohio.