Article states the banker C.F. Zimmerman 'has closed up his bank at Iroquois' and is leaving town; no run or receivership mentioned. This appears to be a voluntary/owner-initiated closure.
Events (1)
1.April 27, 1897Suspension
Cause
Voluntary Liquidation
Cause Details
Owner (C.F. Zimmerman) closed the bank and is relocating to Sioux Falls; no insolvency, run, or receivership mentioned.
Newspaper Excerpt
Ex-Bank Examiner, C.F. Zimmerman has closod up his bank at Iroquois and will remove with his family to Sioux Falls
Source
newspapers
Newspaper Articles (1)
1.April 27, 1897The Madison Daily LeaderMadison, SD
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Article Text
Ex-Bank Examiner, C.F. Zimmerman has closod up his bank at Iroquois and will remove with his family to Sioux Falls, where he is now receiver of the Dakota National bank.