Article Text
Goodridge State Bank Closed by Commissioner St. Paul, Minn. Jan. Goodridge State Bank with deposits was closed because of depleted reVeigel, commissioner of Theodore Gilbertson is president and F. Olson is cashier.
8484. Goodridge State Bank (Goodridge, MN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 9, 1926
- Location
- Goodridge, Minnesota (48.143, -95.809)
Metadata
- Model
- gpt-5-mini
- Short Digest
61af9f8a1c8c3ef0
Response Measures
None
Description
Newspapers report the Goodridge State Bank was closed by the state bank commissioner in January 1926 because of depleted resources. No article describes a depositor run; later reporting (Mar 1927) refers to legal action involving county deposits being dismissed after payment by bond sureties. This indicates the bank suspended/closed and did not resume normal operations.
Events (2)
1.
January 9, 1926
Suspension
- Cause
- Government Action
- Cause Details
- Closed by the state bank commissioner because deposits/resources were depleted.
- Newspaper Excerpt
- Goodridge State Bank Closed by Commissioner
- Source
- newspapers
2.
March 14, 1927
Other
- Newspaper Excerpt
- Action against the Goodridge State Bank and sureties on three bonds covering the county's deposits when the bank closed has been dismissed following payment of $9,000 to County Treasurer J. Gullingsrud by four bonds- ... when the bank closed has been dismissed following payment of $9,000 to County Treasurer ... by four bonds- (Mar 14, 1927 article).
- Source
- newspapers
Newspaper Articles (2)
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Article Text
NEWS NOTES THIEF RIVER FALLS Minn.Pennington action against the Goodridge State Bank and sureties on three bonds covering the county's deposits when the bank closed has been dismissed following payment of $9,000 to County Treasurer J. Gullingsrud by four bonds- $50,000 Sewer System Indorsed $50,000 sewer system was favored by eitizens at mass meeting here. Work is expected to get under way this year. Threshermen Will Meet Sioux Falls, S. D.-Threshermen from all parts of the state will be here Tuesday for the eleventh annual convention of the South Dakota Brotherhood of Threshermen. G. R. Martin, vicepresident of the Great Northern railway, will be speaker the sessions, which continue for three days. $90,000 Hotel Planned have formed an organization for the purpose of erecting three story. $90,000 hotel here. More than $50,000 already has been sub- Dodge County Nurse Resigns Dodge Center, Lois Carlefon. Dodge county public health nurse for the last two years, has resigned-to study nursing and medicine Pacific coast university. Hen: Lays Half Pound Egg Herlin, Wis.-An egg weighing half pound. the equal in size and weight of four normal sized eggs, has. been laid hen owned by Fred Monte, farmer near here. The egg was 9% inches long and measured 7½ Inches about the center. New Bank Receiver Named Adrian, Minn. C. Heimark of Luverne has been named receiver Adrian First National bank which closed last August, succeeding Ferdinand Ringoen, who acted in that capacity since that time. Mr. Helmark now receiver of five banks in this territory. Staples Dairymen to Meet of the University of Minnesota extension division, will speak at dairy meeting here Friday Cupid Busy In Wisconsin marriage rate, after undergoing ab normal fluctuations since the war appears now returning to normal. Totals for 1926, com