State Bank - Conger, MN

Episode Information

Episode UID: 75069971497
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7506997 routing
Routing Number: 75-0699
Start Date: September 4, 1924
Location: Conger, Minnesota (43.615, -93.528)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: eea982efe5112c71

Response Measures

None

Description

Article orders suspension by state superintendent but gives no follow-up about reopening or receivership.

Events (1)

1. September 4, 1924 Suspension

Cause: Government Action
Cause Details: State superintendent of banks ordered suspension due to lack of liquid assets.
Newspaper Excerpt: STATE BANK OF CONGER IS CLOSED Bank Examiner Orders Suspension of Business at 11 o'clock This Morning.
Source: newspapers

Newspaper Articles (1)

1. September 4, 1924 Freeborn County Standard Albert Lea, MN

Article from Freeborn County Standard, September 4, 1924

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Article Text

STATE BANK OF CONGER IS CLOSED Bank Examiner Orders Suspension of Business at 11 o'clock This Morning. Lack of liquid assets caused the state superintendent of banks to order suspension of business at the state bank of Conger this morning at 11 o'clock. A. Randall, president of the bank and Cashier Day, are now working with the examiners to complete the audit of the institution. The bank which is capitalized at $10,000 is largely owned by stockholders living in that vicinity. It has no connection with any other bank. It is said that the bank has been under stress of financial difficulties for some time due to occurrences during and following the war inflation. It weathered the trouble, however, for a time and was allowed to proceed. It is further said, that it is doubtful if there will be any great loss to the depositors.