Braham State Bank - Braham, MN

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: March 8, 1928
Location: Braham, Minnesota (45.723, -93.171)

Metadata

Model: gpt-5-mini
Short Digest: b8ab689c

Response Measures

Full suspension

Description

Article states the Braham State Bank closed March 8 after a run that depleted its reserve. Cashier Esther C. Olson was later arrested on charge of making a false report to the state commissioner of banks; no reopening is mentioned, so closure is treated as permanent.

Events (2)

1. March 8, 1928 Run

Cause: Bank Specific Adverse Info
Cause Details: Withdrawals depleted the bank's reserve leading to the run and closure.
Newspaper Excerpt: The bank was closed because of a run and depleted reserve.
Source: newspapers

2. March 8, 1928 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed March 8 after a run that depleted reserves; closure appears permanent.
Newspaper Excerpt: cashier of the Braham State bank until it closed March 8
Source: newspapers

Newspaper Articles (1)

1. April 17, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, April 17, 1928

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Article Text

Minnesota Asks For Extradition of Girl St. Paul, April 17.-(P)-Extradition of Esther C. Olson, cashier of the Braham State bank until it closed March 8, who is under arrest in East St. Louis, III., was asked of Governor Small of Illinois by Governor Christianson today. Miss Olson faces a charge in Isanti county of making a false report to the state commissioner of banks. The bank was closed because of a "run" and depleted reserve.