Security Savings Bank - Rapid City, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: May 5, 1926
Location: Rapid City, South Dakota (44.081, -103.231)

Metadata

Model: gpt-5-mini
Short Digest: 96f593cf

Response Measures

None

Description

Article (1926-05-05) names Paul Loomis as 'Security Savings Bank receiver at Rapid City', indicating the bank was in receivership (closed). No mention of a run; no explicit suspension date given in the excerpt. Classification: suspension leading to permanent closure/receivership.

Events (1)

1. May 5, 1926 Receivership

Newspaper Excerpt: Keystone business men are negotiating with Paul Loomis, Security Savings Bank receiver at Rapid City, for the light and power plant now in use at Scenic, owned by the bank.
Source: newspapers

Newspaper Articles (1)

1. May 5, 1926 Rapid City Journal Rapid City, SD

Article from Rapid City Journal, May 5, 1926

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Article Text

KEYSTONE SEEKS NEW LIGHT PLANT May Purchase Eulpment Now In Use at Senic, Report Keystone, 5-A number of Keystone business men are negotiatIng with Paul Loomis, Security Savings Bank receiver at Rapid City, for the light and power plant now in use at Scenic, owned by the bank If the deal is completed. the plant will give power to one of the mines and also light the twn.