Bank of Dawson - Dawson, MN

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 13, 1931
Location: Dawson, Minnesota (44.933, -96.054)

Metadata

Model: gpt-5-mini
Short Digest: ba7cd269

Response Measures

Full suspension

Other: Bank closed by its board of directors following heavy withdrawals; article does not mention a receiver or reopening.

Description

Article (Minneapolis Star, 1931-05-14) reports the Bank of Dawson was closed Wednesday by its board of directors following heavy withdrawals. That indicates a depositor run preceded a board-ordered closure; no reopening or receivership mentioned. Date inferred as 1931-05-13 (Wednesday before publication).

Events (2)

1. May 13, 1931 Run

Cause Details: Article only states heavy withdrawals without attributing them to a specific rumor, correspondent failure, or macro event.
Newspaper Excerpt: closed Wednesday by its board of directors following heavy withdrawals
Source: newspapers

2. May 13, 1931 Suspension

Cause Details: Board of directors closed the bank following heavy withdrawals; closure appears voluntary by directors in response to the run.
Newspaper Excerpt: The Bank of Dawson ... was closed Wednesday by its board of directors
Source: newspapers

Newspaper Articles (1)

1. May 14, 1931 The Minneapolis Star Minneapolis, MN

Article from The Minneapolis Star, May 14, 1931

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Article Text

Ramsey County Herd Short 200 Purebreds Between 200 and 380 purebred Holstein cattle of the Ramsey county home herd are unaccounted for the home's records, A. R. Johnson. state public examiner, told joint session of the St. Paul city council and the board of Ramsey county commissioners. Not enough evidence has been uncovered, however, Mr. Johnson said, to warrant suit against the surety company which bonded former officials of the home. DAWSON BANK CLOSED The Bank of Dawson. of which A. J. Peterson. former state budget was closed Wednesday by its board of directors following heavy withdrawals, N. Peyton, state banking commissioner, today. The bank had deposits of $553,560 surplus of $10,000 and capital of $50,000