Dakota State Bank - Madison, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 2, 1933
Location: Madison, South Dakota (44.006, -97.114)

Metadata

Model: gpt-5-mini
Short Digest: 4c1da04d

Response Measures

None

Description

Article (Argus-Leader 1933-07-02) reports that a receiver (Madison Bud Rensch) has been appointed for the Dakota State Bank, indicating the bank was closed and placed in receivership. No mention of a depositor run prior to the closure in the provided text.

Events (1)

1. July 2, 1933 Receivership

Newspaper Excerpt: BANK RECEIVER NAMED Madison Bud Rensch of Ramona has received his appointment as receiver for the Dakota State Bank, Harold McKinnon, it was announced Saturday.
Source: newspapers

Newspaper Articles (1)

1. July 2, 1933 Argus-Leader Sioux Falls, SD

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Article Text

P.O. RECEIPTS HERE SHOW GAIN FOR JUNE Postal receipts for June showed an increase of 15.06 percent over the same month year ago, was announced Saturday by Postmaster C. Seals. The for June totaled this year, as compared with $23,150.54 for that month in 1932. This is the second consecutive month in which local postal receipts showed gain. BANK RECEIVER NAMED Madison "Bud" Rensch of Ramona has received his appointment as receiver for the Dakota State Bank, Harold McKinnon, it was announced Saturday. An is now being undertaken in each of the 13 other closed banks in this territory which are being administered from the Madison office of receiver will consist of closing the accounts in these banks. Mr. Rensch was former salesman has been farming the past year.