Article Text
Chisago City Bank Ordered Suspended St. Paul, July (AP)-Closing of the Farmers State bank of Chisago City with deposits of $226,000 was announced today by Veigel, state commissioner of banks.
8393. Farmers State Bank (Chisago City, MN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- July 18, 1930
- Location
- Chisago City, Minnesota (45.374, -92.890)
Metadata
- Model
- gpt-5-mini
- Short Digest
086cd3797286af07
Response Measures
None
Description
Article (AP) reports the Farmers State Bank of Chisago City was ordered closed/suspended by the state commissioner of banks (Veigel) on or before the paper's publication date. No mention of a depositor run or later reopening; classified as suspension leading to closure by government action.
Events (1)
1.
July 18, 1930
Suspension
- Cause
- Government Action
- Cause Details
- Ordered suspended/closed by Veigel, state commissioner of banks.
- Newspaper Excerpt
- Closing of the Farmers State bank of Chisago City with deposits of $226,000 was announced today by Veigel, state commissioner of banks.
- Source
- newspapers
Newspaper Articles (1)
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