Bank of Meckling - Meckling, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 10, 1930
Location: Meckling, South Dakota (42.842, -97.069)

Metadata

Model: gpt-5-mini
Short Digest: 4b31d06f

Response Measures

None

Description

Newspaper (Chicago Tribune) reports the Bank of Meckling closed its doors this morning and state bank examiner took charge. No run or depositor withdrawals mentioned. Closure appears to be by state examiner/government action; bank did not reopen in the article.

Events (2)

1. December 10, 1930 Receivership

Newspaper Excerpt: state bank examiner took charge. Officers frozen assets was the cause.
Source: newspapers

2. December 10, 1930 Suspension

Cause: Government Action
Cause Details: State bank examiner took charge after bank closed; officers' frozen assets cited as the cause in the article.
Newspaper Excerpt: Meckling, S. D., Dec. Bank of Meckling closed its doors this morning and state bank examiner took charge.
Source: newspapers

Newspaper Articles (1)

1. December 10, 1930 Chicago Tribune Chicago, IL

Article from Chicago Tribune, December 10, 1930

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Article Text

tors of the bank said they were prepared to cover any shortage. North Carolina Bank Closes. Raleigh, N. C., Dec. --(P)-The Bank Lilesville, Anson county closed its doors today. John Mitchell, chief state bank examiner, was notified. The bank was capitalized at $25,000. One in South Dakota. Meckling, S. D., Dec. Bank of Meckling closed its doors this morning and state bank exam iner took charge. Officers frozen assets was the cause. The bank had a capital of $25,000. Bank Stockholders Sued. III., Dec positors of the Tri-City State bank of Madison have filed suit for speclal of the bank's stock holders to assist in paying losses of owning the $50,000 capital stock of the bank, were named defendants