Dakota State Bank - Madison, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 11, 1934
Location: Madison, South Dakota (44.006, -97.114)

Metadata

Model: gpt-5-mini
Short Digest: 0f235f7b

Response Measures

None

Description

Article (Dec 11, 1934) reports a receiver will come to become receiver of the Dakota State Bank and other closed banks in the vicinity, indicating the bank is closed and in receivership. No run or reopening is mentioned in the provided material.

Events (1)

1. December 11, 1934 Receivership

Newspaper Excerpt: Jacobsen, Watertown bank receiver, will come here January to become receiver of the Dakota State bank and number of other closed banks in this vicinity.
Source: newspapers

Newspaper Articles (1)

1. December 11, 1934 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, December 11, 1934

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Article Text

NEW BANK RECEIVER Madison. Jacobsen. Watertown bank receiver. will come here January to become receiver of the Dakota State bank and number of other closed banks in this vicinity He will succeed H. W. Hinricks, who recently came here from Hot