Article Text
PAY DIVIDEND PIERRE March first dividend of per cent amounting to about being paid creditors the closWallace State bank Wallace, Codington county, the state banking departreported today. The bank suspendAug.
20524. Wallace State Bank (Wallace, SD)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- August 1, 1931*
- Location
- Wallace, South Dakota (45.086, -97.476)
Metadata
- Model
- gpt-5-mini
- Short Digest
ca290f39
Response Measures
None
Description
OCR-corrected fragments indicate the Wallace State Bank suspended in August 1931 and remained closed; state banking department reported a dividend paid to creditors on March 1, 1932. No mention of a depositor run in the articles. The suspension appears to be a regulatory action/closure followed by receivership dividend.
Events (2)
1.
August 1, 1931*
Suspension
- Cause
- Government Action
- Cause Details
- Suspension/closure reported by the state banking department in August 1931 (regulatory action leading to closure).
- Newspaper Excerpt
- The bank suspendAug. 1931.
- Source
- newspapers
2.
March 1, 1932
Receivership
- Newspaper Excerpt
- PAY DIVIDEND PIERRE March first dividend of ... being paid creditors the closed Wallace State Bank ... the state banking depart reported today. The bank suspendAug. Wallace State bank Wallace, Codington county, the state banking depart reported today. The bank suspendAug. 1931. (fragmented OCRed text indicating dividend paid March 1, 1932.)
- Source
- newspapers
Newspaper Articles (2)
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Article Text
PAY DIVIDEND dividend of 10 per cent, amounting to about being itors of the closed Wallace State Bank of Codington counthe state department reported The bank suspendAug. 1931.