Sioux Falls Trust and Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 14, 1927
Location: Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model: gpt-5-mini
Short Digest: bcc842df

Response Measures

None

Description

Article states the Sioux Falls Trust and Savings Bank suspended business January 14. No reopening or run is mentioned; the superintendent of banks is suing to collect assessments on stock, indicating regulatory action and likely permanent closure. No explicit receiver named in the excerpt, but the involvement of the state superintendent supports government-action suspension leading to closure.

Events (1)

1. January 14, 1927 Suspension

Cause: Government Action
Cause Details: State superintendent of banks involved; bank suspended business on January 14 by regulatory action; lawsuits filed to collect assessments on bank stock.
Newspaper Excerpt: Sioux Falls Trust which suspended business January 14.
Source: newspapers

Newspaper Articles (1)

1. June 29, 1927 The Morning Press Santa Barbara, CA

Article from The Morning Press, June 29, 1927

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Article Text

2 SUED FOR BANK STOCK PAYMENTS South Dakota Official in Complaint to Collect Assessments Parrick and ParDel M. 326 East Victoria in two suits for named defendants payments bank stock filed superior court yesterday by R. superintendent of banks in the state of South to the asAccording stock of the Sioux sessments on and Savings bank. Falls Trust which suspended business Januowned by Mr. and ary 14. have not been Mrs. charge that Mr The complaints Parrick owned 20 shares and and that Mrs Parrick owned shares and owes seven Parrick is connected with Mr. local real estate firm. START DANCE FLOOR Construction work has started air dance floor for the the open on West Cabrillo and society boulevard and Chapala street.