Article reports appointment of a receiver (A. M. Burroughs) for Binga State Bank on Sept 26, 1941, indicating the bank was closed and placed in receivership. The text does not explicitly mention a prior run or a formal suspension, but receivership implies permanent closure; selected episode_type 'suspension_closure' as the best match.
Events (1)
1.September 26, 1941Receivership
Newspaper Excerpt
A. M. Burroughs was appointed receiver for the stock holders of the Binga State Bank by Circuit Court Judge Benjamin P. Epstein, Friday, Sept. 26, to succeed Albert C. Dixon.
Source
newspapers
Newspaper Articles (1)
1.October 18, 1941The Phoenix IndexPhoenix, AZ
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Article Text
TAKES OVER AS BANK RECEIVER CHICAGO-(ANP). A. M. Burroughs was appointed receiver for the stock holders of the Binga State Bank by Circuit Court Judge Benjamin P. Epstein, Friday, Sept. 26, to succeed Albert C. Dixon.