Bank of Willow Lakes - Willow Lake, SD

Episode Information

Episode UID: 78030971379
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7803097 routing
Routing Number: 78-0309
Start Date: November 1, 1914*
Location: Willow Lake, South Dakota (44.627, -97.637)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d2738e336586c426

Response Measures

None

Description

Article refers to the bank being placed in receivership about a year earlier; bank name uses plural Willow Lakes while city is Willow Lake.

Events (3)

1. November 1, 1914* Receivership

Newspaper Excerpt: thrown into the hands of a receiver about a year ago
Source: newspapers

2. November 1, 1914* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Irregularities by a bank officer led to placing the bank in the hands of a receiver.
Newspaper Excerpt: Bank of Willow Lakes, which was thrown into the hands of a receiver about a year ago
Source: newspapers

3. November 24, 1915 Other

Newspaper Excerpt: Walter Syverson, an officer of the Bank of Willow Lakes, ... entered a plea of guilty to charges of irregularities ... sentenced to one year ... suspended on his promise to turn over all of his property for the benefit of the creditors of the bank
Source: newspapers

Newspaper Articles (1)

1. November 24, 1915 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, November 24, 1915

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Article Text

BANKER SENT TO PRISON Given One-Year Term in the State Penitentiary. Willow Lakes, Nov. 24. -Walter Syverson, an officer of the Bank of Willow Lakes, which was thrown into the hands of a receiver about a year ago, appeared before Judge Sherwood of the state circuit court, and entered a plea of guilty to charges of irregularities which had been preferred against him in connection with the placing of the bank in the hands of a receiver. He was sentenced to a term of one year in the Sioux Falls penitentiary, but the sentence was suspended on his promise to turn over all of his property, including his home, for the benefit of the creditors of the bank. This adjustment, it is said, meets the approval of all concerned.