20545. First State Bank (Wood, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 14, 1923
Location
Wood, South Dakota (43.497, -100.477)

Metadata

Model
gpt-5-mini
Short Digest
7b92748c

Response Measures

None

Description

The First State Bank of Wood, SD was declared insolvent and taken charge by the State Superintendent of Banks (notice dated and signed Sept 14, 1923). Notices soliciting creditor claims run for ten weeks; later court order (Feb 4, 1924) to sell bank real estate indicates liquidation. No article describes a depositor run or reopening. Cause of suspension: taken by Superintendent due to insolvency (government action).

Events (3)
1. September 14, 1923 Receivership
Newspaper Excerpt
is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. for the purpose of liquidation under the provision... Dated at Pierre, South Dakota, this 14th day of September, A. D. 1923. JOHN HIRNING Superintendent of Banks.
Source
newspapers
2. September 14, 1923 Suspension
Cause
Government Action
Cause Details
Bank found insolvent and taken into custody by the State Superintendent of Banks for liquidation under state law.
Newspaper Excerpt
The First State Bank, a banking corporation, of Wood, South Dakota, is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota.
Source
newspapers
3. February 4, 1924 Other
Newspaper Excerpt
in pursuance of an Order of on- Circuit Court of Mellette County, South Dakota, made on the 4th day of February, 1924, the undersigned, John Hirning, as Superintendent of Banks of the State of South Dakota in charge of the above named bank will sell on competitive sealed bids ... the following described real estate ... Dated this 19th day of February, 1924. JOHN HIRNING Superintendent of Banks, 5-2t
Source
newspapers

Newspaper Articles (8)
1. October 12, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, October 12, 1923

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Article Text

IN CIRCUIT State of Sout h Dakote, S8 COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dakota. WHEREAS. The First State Bank, a banking corporation. of Wood, South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. forthepurpose of liquodation under the provision of Article 1, Chapter 1. Part 18. of Title 6, of the Revised Code of 1919 of the State of South Dakota. BE IT REMEMBERED, That all persons claiming to be creditors of the First State Bank, Wood, South Dakota, are hereby called upon and required to make proof of claim of suchcredit, and file the same with the Superintendent of Banks at his office in Pierre, South Dakota. on or before the 10th day of January,.1924. This notice is being published forten consecutive weeks in the Mellette County Pioneer Wood. South Dakota. and a copy of this notice is being mailed to the last known address of all persons whose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instructions. Also a letter setting out a statement of the condition of the bank at the time of suspension, and brief data as provided by the statute relative tothe cause of suspension. Claims not filed on or before January 10th 1924. are by statute forever barred, Dated at Pierre. South Dakota, this 14th day of September, A. D. 1923. JOHN HIRNING, 34-10 Superintendent or Banks.

2. October 19, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, October 19, 1923

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Article Text

IN CIRCUIT State of South Dakote, SB COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dakota. WHEREAS. The First State Bank, a banking corporation. of Wood, South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. for the purpose of liquodation under the provision of Article 1, Chapter 1. Part 18, of Title 6, of the Revised Code of 1919 of the State of South Dakota, BE IT REMEMBERED, That all persons claiming to be creditors of the First State Bank, Wood, South Dakota, are hereby called upon and required to make proof of claim of such credit. and file the same with the Superintendent of Banks at his office in Pierre, South Dakota, on or before the 10th day of January. 1924. This notice is being published for ten consecutive weeks in the Mellette County Pioneer Wood. South Dakota. and a copy of tbis notice is being mailed to the last known address of all persons whose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instructions. Also a letter setting out a statement of the condition of the bank at the time of suspension, and brief data as provided by the statute relative tothe cause of suspension. Claims not filedon or before Januarv 10th 19:4. are by statute forever barred, Dated at Pierre. South Dakota, this 14th day of September, A. D. 1923. JOHN HIRNING, 34-10 Superintendent or Banks.

3. October 26, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, October 26, 1923

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Article Text

NOTICE TO CREDITORS IN CIRCUIT State of South Dakote, SS COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dakota. WHEREAS. The First State Bank, a banking corporation. of Wood. South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. for thepurpose of liquodation under the provision of Article 1. Chapter 1. Part 18. of Title 6, of the Revised Code of 1919 of the State of South Dakota, BE IT REMEMBERED, That all persons claiming to be creditors of the First State Bank, Wood, South Dakota, are hereby called upon and required to make proof of claim of such credit. and file the wame with the Superintendent of Banks at his office in Pierre, South Dakota. on or before the 10th day of January, 1924. This notice is being published for ten consecutive weeks in the Mellette County Pioneer Wood. South Dakota. and n copy of this notice is being mailed to the last known address of all persons wl Ose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instructions. Also a letter setting out a statement of the condition of the bank at the time of suspension. and brief data as provided by the statute relative tothe cause of suspension. Claims not filed on or before January 10th 1924. are by statute forever barred, Dated at Pierre. South Dakota, this 14th day of September, A. D. 1923. JOHN HIRNING. Superintendent or Banks. 54-10

4. November 2, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, November 2, 1923

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Article Text

NOTICE TO CREDITORS IN CIRCUIT State of South Dakote, SS COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dabota. WHEREAS, The First State Bank, a banking corporation. of Wood, South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. for 'thepurpose of liquodation under the provision of Article 1, Chapter 1. Part 18. of Title 6, of the Revised Code of 1919 of the State of South Dakota, BE IT REMEMBERED, That all persons claiming to be creditors of the First State Bank, Wood, South Dakota, are hereby called upon and required to make proof of claim of such credit, and file the same with the Superintendent of Banks at his office in Pierre, South Dakota. on or before the 10th day of January, 1924. This notice is being published for ten consecutive weeks in the Mellette County Pioneer Wood, South Dakota. and a copy of tbis notice is being mailed to the last known address of all persons whose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instructions. Also a letter setting out a statement of the condition of the bank at the time of suspension, and brief data as provided by the statute relati to the cause of suspension. Claims not filed on or before January 10th 1924, are by statute forever barred, Dated at Pierre. South Dakota, this 14th day of September, A. D. 1923. JOHN HIRNING, 34-10 Superintendent or Banks.

5. November 9, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, November 9, 1923

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Article Text

NOTICE TO CREDITORS IN CIRCUIT State of South Dakote, SS COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dakota. WHEREAS, The First State Bank, a banking corporation. of Wood, South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. for thepurpose of liquodation under the provision of Article 1, Chapter 1. Part 18, of Title 6, of the Revised Code of 1919 of the State of South Dakota, BE IT REMEMBERED, That all persons claiming to be creditors of the First State Bank, Wood, South Dakota, are hereby called upon and required to make proof of claim of such credit, and file the same with the Superintendent of Banks at his office in Pierre, South Dakota, on or before the 10th day of January. 1924. This notice is being published for ten consecutive weeks in the Mellette County Pioneer Wood, South Dakota. and a copy of this notice is being mailed to the last known address of aM persons whose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instructions. Also a letter setting out a statement of the condition of the bank at the time of suspension, and brief data as provided by the statute relative tothe cause of suspension. Claims not filed on or before January 10th 1924, are by statute forever barred, Dated at Pierre. South Dakota, this 14th day of September, A. D. 1923. JOHN HIBNING. 34-10 Superintendent or Banks.

6. November 16, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, November 16, 1923

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Article Text

NOTICE TO CREDITORS IN CIRCUIT State of South Dakote, SB COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dakota. WHEREAS. The First State Bank, a banking corporation. of Wood, South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. for thepurpose of liquodation under the provision of Article 1, Chapter 1. Part 18, of Title 6, of the Revised Code of 1919 of the State of South Dakota. BE IT REMEMBERED, That all persons claiming to be creditors of the First State Bank, Wood, South Dakota. are hereby called upon and required to make.proof of claim of such credit, and file the wame with the Superintendent of Banks at his office in Pierre, South Dakota, on or before the 10th day of January, 1924. This notice is being published for ten consecutive weeks in the Mellette County Pioneer Wood, South Dakota. and a copy of tbis notice is being mailed to the last known address of all persons whose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instruccions. Also a letter setting out a statement of the condition of the bank at the time of suspension, and brief data as provided by the statute relative tothe cause of suspension. Claims not filed on or before January 10th 1924, are by statute forever barred, Dated at Pierre. South Dakota, this 14th day of September, A. D. 1923. JOHN HIRNING, 34-10 Superintendent or Banks.

7. November 23, 1923 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, November 23, 1923

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Article Text

NOTICE TO CREDITORS IN CIRCUIT State of South Dakote, SS COURT County of Mellette ELEVENTH JUDICIAL CIRCUIT In the Matter of the LiquidaNOTICE tion ofthe First State Bank, Wood, South Dakota. WHEREAS, The First State Bank, a banking corporation. of Wood, South Dakota. is insolvent and has been taken charge of by the Superintendent of Banks of the State of South Dakota. forthepurpose of liquodation under the provision of Article 1, Chapter 1. Part 18. of Title 6, of the Revised Code of 1919 of the State of South Dakota. BE IT REMEMBERED, That all persons claimins to be creditors of the First State Bank. Wood. South Dakota. are hereby called upon and required to make proof of claim of such credit. and file the same with the Superintendent of Banks at his office in Pierre, South Dakota, on or before the 10th day of January. 1924. This notice is being published for ten consecutive weeks in the Mellette County Pioneer Wood. South Dakota. and a copy of tbis notice is being mailed to the last known address of all persons whose names appear on the books of said bank as creditors thereof. together with a blank appropriate for making proof of claim and necessary instructions. Also a letter setting out a statement of the condition of the bank at the time of suspension. and brief data as provided by the statute relative tothe cause of suspension. Claims not filed on or before January 10th 1924. are by statute forever barred, Dated at Pierre. South Dakota, this 14th dav of September, A. D. 1923. JOHN HIRNING. Superintendent or Banks. 34-10

8. February 29, 1924 The Mellette County Pioneer White River, Wood, SD
Article from The Mellette County Pioneer, February 29, 1924

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Article Text

NOTICE OF SALE OF REAL ESTATE State of South Dakota. SB County of Mellette. In Circuit Court. Eleventh Judicial Circuit. In the matter of the suspension of the FIRST STATE BANK. a corporati n. Wood. South Dakota NOTICE is hereby given that in pursuance of an Orderof on- Circuit Court of Mellette County. South Dakota. madeon the 4th day of February, 192+. the undersigned, Jo n Hirn ing. as Superintendent or Banksof the State of South Dakota in charge of the above named bank willsellon competitive sealed;bids to the highest bidder for cash, the following described real estate situated in the county of Mellette. State of South Dakota, tc-wit: North East Quarter (NEM). Section Thirty-tw (32). Township Forty-one (41), Range Twenty-eight (28). Mellecte County, South Dakota Lot Twenty (20), Block Nine (9), Wood, Mellette County, South Dakota, North West Quarter (NWK). Section Two(2) Township Forty-one (41). Range Twenty-six (28). Mellette County, South Dakota, South East Quarter (SEM). Section Nineteen (19). Town-bip Forty-one (41) Range Twenty-seven (27). Mellette County. South Dakota. Lot One (1). Block Nine (9). Original Townsite of Wood. South Dakota. One story frame bank building 25 feet X 38 feet and garage and coal house 14 teet X 20 feet. Twen y-five foot lot. That said sealed bids will be received not later than the 14th dayof March. 1924. at the officeof the Departmentof Banking& Finance at Pierre. South Dakota. and that the said real property will be sold for cash to be paid on the execution and delivery of a deed thereto. and the right to reject any and all bidsis reserved: no sale will be completed nor conveyance delivered without the approval of the Court. Notice is further given that a cel tifled check or draft equal to ten per cent of the whole amount thereof must a company each bid and rejected bids with their certified checks will be returned to the respective bidders immedintely upon the rejectson of such bids. Dated this 19th day of February. 1924. JOHN HIRNING. 5-2t Superintendent of Banks,