State Bank (Ellis, SD)

Episode Information

Episode UID
78076971552
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7807697 routing
Routing Number
78-0769
Start Date
April 6, 1929
Location
Ellis, South Dakota (43.562, -96.831)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
32d1be2207e77917

Response Measures

None

Description

Final dividend after suspension indicates the bank remained closed and was being liquidated under state supervision.

Events (2)

1. April 6, 1929 Receivership
Newspaper Excerpt
Creditors of the State bank of Ellis, Ellis, are being paid a final dividend of 15.57 per cent, it was announced by the state banking department.
Source
newspapers
2. * Suspension
Cause Details
Article references a prior suspension but gives no cause; bank placed in suspension and undergoing dividend payments.
Newspaper Excerpt
This dividend makes a total of 65.57 per cent in dividends received by depositors of the bank since suspension.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Plainsman, April 6, 1929

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Article Text

ELLIS BANK PAYS PIERRE, April 6.-(P)-Creditors of the State bank of Ellis, Ellis, are being paid a final dividend of 15.57 per cent, it was announced by the state banking department. This dividend makes a total of 65.57 per cent in dividends received. by depositors of the bank since suspension.


Article from Rapid City Journal, April 8, 1929

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Article Text

moving chases motor trucks in to hasten delivery and rooms scraped nearly bare The total of new refined copper withdrawn on domestic account during 1928 estimated by the United States bureau of mines crease of 12 per cent over the 1927 withdrawals of 000 pounds and the greatest history with the one exception.of war year decrease of nearly 000 pounds in refined and blister stocks at the beginning of 1929 bespeaks the failure of production to overcome the handicap of three months required to transform into the refined products, though smelter production creased 10 per cent, production new refined copper gained per cent and the output of secondary copper in 1928 was per cent above that of FIFTEEN PER CENT Pierre, April of the State Bank of Ellis, Ellis, being paid final dividend per cent, was announced by the state banking department This dividend makes total cent in dividends ed by depositors of the bank since suspension Moscow Commissariat Trade announced that 88 per cent of the 10,000,000 tons Soviet exports in 1928 ried in foreign vessels The ernment considering organization of special soviet chartering company