Comstock State Bank - Comstock, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 29, 1928
Location: Comstock, Minnesota (46.659, -96.748)

Metadata

Model: gpt-5-mini
Short Digest: 37d83db4

Response Measures

None

Description

Article reports depleted reserves forced closing; Minnesota bank examiners placed in charge. No mention of depositor run prior to suspension. This is a suspension by regulatory action leading to closure/receivership.

Events (2)

1. December 29, 1928 Receivership

Newspaper Excerpt: Minnesota bank examiners, Jacob Rigg and J. F. Angell, have been placed in charge.
Source: newspapers

2. December 29, 1928 Suspension

Cause: Government Action
Cause Details: Depleted reserves forced closing; state bank examiners placed in charge.
Newspaper Excerpt: Depléted reserves today forced the closing of the Comstock State bank of Comstock, Minn., it was announced today. Minnesota bank examiners, Jacob Rigg and J. F. Angell, have been placed in charge.
Source: newspapers

Newspaper Articles (1)

1. December 29, 1928 Moorhead Daily News Moorhead, MN

Article from Moorhead Daily News, December 29, 1928

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Article Text

Comstock Bank Is Closed This Morning Depléted reserves today forced the closing of the Comstock State bank of Comstock, Minn., it was announced today. Minnesota bank examiners, Jacob Rigg and J. F. Angell, have been placed in charge. The institution had deposits of $48.000 and capital of $15,000.