Woonsocket State Bank - Woonsocket, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1924*
Location: Woonsocket, South Dakota (44.054, -98.276)

Metadata

Model: gpt-5-mini
Short Digest: dfe8bab4

Response Measures

None

Description

Article states the Woonsocket State Bank suspended in 1924 and is closed under an examiner (E. R. Campbell) and paying dividends in 1928. No run is mentioned. This indicates a suspension followed by receivership/liquidation with dividend payments — classified as suspension_closure. Dates: suspension in 1924; dividend payment announced in newspaper dated 1928-12-21.

Events (2)

1. January 1, 1924* Suspension

Cause: Government Action
Cause Details: Bank suspended in 1924 and placed under examiner/receiver (E. R. Campbell) leading to closure and liquidation/dividend payments
Newspaper Excerpt: The Woonsocket State bank, which suspended in 1924, now will pay another 10 per cent dividend
Source: newspapers

2. December 21, 1928 Receivership

Newspaper Excerpt: ascording to information given by E. R. Campbell, examiner in charge. The amount of this dividend will be almost $34,000.
Source: newspapers

Newspaper Articles (1)

1. December 21, 1928 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, December 21, 1928

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Article Text

FARM UNION OF UNION COUNTY HOLDS ELECTION Elk Point, D., Dec. clal: Union County Farmer's union held its annual election in Hamilton hall, and C. Hamilton was reelected president: O. Lawson, vice president; Victor Tollefsen, secretary treasurer. Mr. Bernard, Jefferson Lewis Ranum, Elk Point, and Charley Larson, Alcester, directors. Enoch Hofstad and Victor Tollefson were elected committee on publicity of the treasurer showed the finances in good shape. DAKOTA FORGER SENT TO PRISON FOR FIVE YEARS S. D., Dec. V. L. Malone, 27, registered pharmacist of Mound, Minn., arrested here and sentenced by Judge Frank R. Fisher in circuit court at Huron to an undetermined sentence not to exceed five years in the state penitentiary at Sioux Falls on charge of forgery in the third degree. Malone is alleged to have issued checks to Redfield for the checks being on the Redfield American National bank. Before Malone left the city, merchants the checks were forged and his arrest followed. 603 RAIL EMPLOYES AT SAFETY FIRST CONFERENCE Aberdeen, S. D., Dec. 21.-Special: Characterized as the most successful meeting of its kind held by the company, the divisional safety first meeting of the Chicago, Milwaukee, St. Paul and Pacific held in Aberdeen established record for attendance. Six hundred and three employes the meeting, 100 more than ever previous safety first of this company employes Each was called to order by Division Superintendent P. H. Nee. MILL IN DELL RAPIDS IS BURNED TO GROUND Dell Rapids, S. D., Dec. 21.-Special: Fire owned and operated by W. G, Milne. The fire from blow torch used to thaw pipes. Contents were Insurance will COVer half the less. Mr. Milne already has business in building owned by him. Community, Club Elects. Vale, S. D., Dec. 21.-Special: B. Wyant has been elected president of the Vale community club for the coming year. Arthur Adams was elected vice president, B. Clark secretary, and Russell Arndt, treasurer. Members of the club are tive in promoting the interests of Vale and farming district. F. C. Brunger, retiring president, urged the club to purchase land near the city schools for the purpose of transforming it into city park. The club gave its unanlmous approval to the project. Closed Bank Pays Dividend. Woonsocket, S. D., Dec. 21.-Special: The Woonsocket State bank, which suspended in 1924, now will pay another 10 per cent dividend, ascording to information given by E. R. Campbell, examiner in charge. The amount of this dividend will be almost $34,000. Mr. Campbell has charge of this bank, with closed banks in Letcher, Forestburg and Storla. His record shows that each these have paid 10 per cent dividend since September The total of these dividends is $85,000. Husk Crippled Man's Corn. Elk Point, S. D., Dec. -Special Thirty men with 16 and wag. ons gathered at 8. K. Wenblom's farm, six and miles north of Elk Point, and held husking bee to assist Mr in getting his corn cribbed. Mr. Wenblom has been