Dakota State Bank (Madison, SD)

Episode Information

Episode UID
78066071603
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7806607 routing
Routing Number
78-0660
Start Date
July 2, 1933
Location
Madison, South Dakota (44.006, -97.114)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
24b11c0d127b9e0b

Response Measures

None

Description

Receiver appointed July 1933; bank described among 'closed banks' and remains in receivership into 1934.

Events (3)
1. July 2, 1933 Receivership
Newspaper Excerpt
Bud Rensch ... has received his appointment as receiver for the Dakota State Bank, Harold McKinnon, it was announced Saturday.
Source
newspapers
2. July 2, 1933 Suspension
Cause
Government Action
Cause Details
Bank listed among 'closed banks' and administration being handled by a receiver appointed to the Dakota State Bank
Newspaper Excerpt
an is now being undertaken in each of the 13 other closed banks in this territory which are being administered from the Madison office
Source
newspapers
3. December 11, 1934 Receivership
Newspaper Excerpt
will come here January to become receiver of the Dakota State bank and number of other closed banks in this vicinity He will succeed H. W. Hinricks
Source
newspapers

Newspaper Articles (2)
1. July 2, 1933 Argus-Leader Sioux Falls, SD
Article from Argus-Leader, July 2, 1933

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Article Text

P.O. RECEIPTS HERE SHOW GAIN FOR JUNE Postal receipts for June showed an increase of 15.06 percent over the same month year ago, was announced Saturday by Postmaster C. Seals. The for June totaled this year, as compared with $23,150.54 for that month in 1932. This is the second consecutive month in which local postal receipts showed gain. BANK RECEIVER NAMED Madison "Bud" Rensch of Ramona has received his appointment as receiver for the Dakota State Bank, Harold McKinnon, it was announced Saturday. An is now being undertaken in each of the 13 other closed banks in this territory which are being administered from the Madison office of receiver will consist of closing the accounts in these banks. Mr. Rensch was former salesman has been farming the past year.

2. December 11, 1934 Argus-Leader Sioux Falls, SD
Article from Argus-Leader, December 11, 1934

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Article Text

NEW BANK RECEIVER Madison. Jacobsen. Watertown bank receiver. will come here January to become receiver of the Dakota State bank and number of other closed banks in this vicinity He will succeed H. W. Hinricks, who recently came here from Hot