Brainerd State Bank - Brainerd, MN

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: April 16, 1924
Location: Brainerd, Minnesota (46.358, -94.201)

Metadata

Model: gpt-5-mini
Short Digest: 0888e6a0

Response Measures

Full suspension

Other: Closed by state superintendent of banks; deposits about $500,000 (OCR shows 500,XIO).

Description

Article (dated 1924-04-16) states the Brainerd State Bank was closed by state orders following a run on the institution. No reopening is mentioned; closure is by state superintendent (government action) after a run.

Events (2)

1. April 16, 1924 Run

Cause Details: Article only states there was a run on the institution; no trigger or underlying cause given.
Newspaper Excerpt: The Brainerd State bank ... was closed following a run on the institution, A. J. Veigel, state superintendent of banks, announced.
Source: newspapers

2. April 16, 1924 Suspension

Cause: Government Action
Cause Details: Closed by state superintendent of banks (state orders) after the run; article does not mention reopening or receiver assignment.
Newspaper Excerpt: The Brainerd State bank ... was closed following a run on the institution, A. J. Veigel, state superintendent of banks, announced.
Source: newspapers

Newspaper Articles (1)

1. April 16, 1924 Vilas County News Eagle River, WI

Article from Vilas County News, April 16, 1924

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Article Text

Brainerd (Minn.) Bank Is Closed by State Orders St. Paul, Minn.-The Brainerd State bank with deposits totaling approximately $500,000 and a capital of $500,XIO, was closed following a run on the institution, A. J. Veigel, state superintendent of banks, announced.