National Bank - Sioux Falls, SD

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 12881
Charter Number: 12881
Start Date: July 14, 1931
Location: Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model: gpt-5-mini
Short Digest: 7b537c91

Response Measures

Accommodated withdrawals

Description

OCR is poor. Article (Argus-Leader, 1931-07-14) refers to a threatened run/heavy withdrawals in Sioux Falls and says the National Bank paid out heavy deposits. No mention of suspension, receivership, or reopening/closure for this bank. Cause interpreted as macro/systemic financial distress (general financial disaster).

Events (2)

1. January 27, 1926 Chartered

Source: historical_nic

2. July 14, 1931 Run

Cause: Macro News
Cause Details: General financial disaster / national crisis threatened runs and heavy withdrawals affecting banks in the area; article references broader financial disaster and runs to close half (banks).
Measures: None described for this bank in the article.
Newspaper Excerpt: Sioux Falls threatened run on was the banks, by the failure the the National bank ... the Sioux ings bank paid out heavy de
Source: newspapers

Newspaper Articles (1)

1. July 14, 1931 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, July 14, 1931

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Article Text

SIOUX FALLS TAX CONTROVERSY MAY TOSTATE BOARD County Commissioners Refuse to Take Action on Protest of Farm Group MANY ARE AT HEARING Sioux Falls Taxpayers Question Legality of Board to Hear Matter appeal to the South Dakota "Blessing in Disguise' in tax commission for an order to reNational Crisis assess all property in the city of Sioux was seen today as the next controversy moved today to stem the tide which has been in the of financial disaster by placing in county recent weeks. timation effect what amounts to general made today Thompson chairman on banking operations. the tax of the Minne- In accordance with decree haha Farm President Von Hindenburg all banks The by Thompthroughout the reich, with the exhearing held before the ception the reichsbank, were on appeal from until Thursday the review board Falls but actually as long as county board, after Olsen, the board, had advisable confidence. that appeared Both and postoffices were be nothing that the county prohibited handling payments could do this time satisfy the transfers either in Germany or demands made by the foreign countries. Stock tax committee. This comment changes ordered by the chairman followed operations for the remainder of the suggestion by JameAnyone insisting on buying attorney, the effect that the currencies pay are powercounter. Checks were to at this Attend Hearing The government promised that A number Falls would made fathe hearing cilitate the continuance of ordinary which was held the room at the The business including the civil meeting payrolls of service on the appeal was read Earl employes. county auditor, Jobless Riot of which pointed out that The vital to be and personal property was would millions unfairly assessed as the left pared assessments on farm right radical elementspresident's drastic step to halt Holton Sioux Falls threatened run on was the banks, by the failure the the National bank. President Von did on behalf of the take of his dictatorial company, and objected to the from risdiction the commission provinces, especially the matter. indicated that civic Similar were filled by H thorities already had been forced by Chapman, runs to close half group property Berlin and Tore who stated that quieter. appeared for Carpenter guarded Savhotel interests and the Sioux ings bank paid out heavy dePaper company well to Legality Questioned Riots of jobless in Essen and Mr. Davenport his comment against the questioned the the the unemployment dole, which uncedure. original tax (Continue on page 2, column 7) county Mid-Summer Heat cannot asume individual Returns to City heat took possession the city of Sioux Falls again today after providing nearly milder temperatures. The rose to county degrees by afternoon. establish according to untary weather observer Monday's peak was 88 degrees, and the last night was forecast partly commit- cloudy unsettled tonight Sioux Wednesday cooler in Falls northwest portion Wednesday. from memsituation for the purpose new Today's Baseball Hans Ustrud. investigator for the farm bureau, replied to the conNATIONAL LEAGUE tentions forth and declared that the farm bureau was within its Boston 000 Cincinnati rights to appeal to protect the Zachary Spohrer; Johnson rights of tax payers. This was and Sukeforth. answer to one contention that the without rights First the virtue not being Philadelphia 000 listed tax payer in Pittsburgh county the Dudley Nichols, Schesler and Civie Welfare Cited McCurdy: Meine and Phillips. Declaring that any increase in taxes the city Sioux Falls Second R.H.E. this time have tendency Philadelphia 000 impede the of Pittsburgh progress the city Mr. Tiegen said that is Collins and Davis; Spencer and his opinion that suffic- Grace. taxes are iently high in Sioux Falls at the Home run-Davis. present time, and cited New York 000 Chicago Morrell and Hogan; Bush and factors into R. H. Brooklyn Louis by the farm bureau Vance and Lopez; Haines and Wilson. taxes. He cited such factors depreciaAMERICAN LEAGUE tion, costs, insurance and other Chicago 040 He also called attention to the amount of tax Sioux Faber and Grube: Fischer, Brown Falls other towns of the counand Hargrave. saying that believed the St. Louis Boston Collins Ferrell: Gaston. defense of Kline, Lisenbee and Berry. Home R.H.E. declared Detroit proper- Philadelphia Herring Hayworth: Earnare Peterson and Home runs-Stone, Miller. with First Cleveland without concerned. New York Shoffner. and Myatt; Weaver and Jorgens. high. He Gehrig 2, Minnehaha Lary, Second game- R.H.E. Cleveland New Harder and L. Sewell; Gomez and Chairman Olsen of the county o'clock New bathing at Coney cost Bathers haled into court fined $1 for percent one silpped land val- off and those who had two off paid twice much.