Commercial & Savings Bank - Sioux Falls, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: April 15, 1925
Location: Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model: gpt-5-mini
Short Digest: 3b271eab

Response Measures

None

Description

Article (Daily Deadwood Pioneer-Times, 1925-04-15) refers to the Commercial & Savings Bank of Sioux Falls as a closed institution and discusses legal action against its officers. There is no mention of a depositor run in the excerpt; it describes a closure and subsequent liability/receiver-type actions. Cause of suspension/closure is not specified in the text provided, so labeled as 'other.'

Events (2)

1. April 15, 1925 Receivership

Newspaper Excerpt: liable for notes sold ... officers of the closed Farmers' Savings bank of Tea liable for notes sold closed Commercial Savings bank of Sioux Falls. This considered an important victory for the state which charge the Sioux Falls institution.
Source: newspapers

2. April 15, 1925 Suspension

Cause Details: Article states the bank was closed; no specific trigger (run, correspondent failure, or government action) is detailed in the excerpt.
Newspaper Excerpt: closed Commercial Savings bank of Sioux Falls.
Source: newspapers

Newspaper Articles (1)

1. April 15, 1925 The Daily Deadwood Pioneer-Times Deadwood, SD

Article from The Daily Deadwood Pioneer-Times, April 15, 1925

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Article Text

LIABLE FOR NOTES BANK SOLD CANTON. April Rudolph in circuit court. holds that ficers of the closed Farmers' Savings bank of Tea liable for notes sold closed Commercial Savings bank of Sioux Falls. This considered an important victory for the state which charge the Sioux Falls institution.