Ellendale State Bank - Ellendale, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 12, 1934
Location: Ellendale, Minnesota (43.873, -93.301)

Metadata

Model: gpt-5-mini
Short Digest: df5a95f4

Response Measures

None

Description

Article (Star Tribune, 1934-03-13) lists Harriet State Bank, Minneapolis as '(receiver)' and reports it received an RFC loan of $37,000. No run or reopening is mentioned; receiver was assigned and RFC assistance noted, so classified as suspension leading to closure/receivership.

Events (2)

1. March 12, 1934 Receivership

Newspaper Excerpt: Harriet State bank. Minneapolis (receiver), $37,000;
Source: newspapers

2. March 12, 1934 Suspension

Cause: Government Action
Cause Details: Bank was in receivership (listed as 'receiver' in article) and received RFC loan assistance.
Newspaper Excerpt: Harriet State bank. Minneapolis (receiver), $37,000;
Source: newspapers

Newspaper Articles (1)

1. March 13, 1934 Star Tribune Minneapolis, MN

Article from Star Tribune, March 13, 1934

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Article Text

R.F.C. Loans to City Banks Announced Washington, D.C., March 12.-(P) -The Reconstruction Finance cor. poration announced Monday $864,000 was loaned to Minnesota banks during December, 1933. The loans and banks follow: Anoka National bank (receiver), $20,000; Columbia National Bank of Columbia Heights, $15,000; Farmers & Merchants State bank, Dassel, $100,000; Ellendale State bank, Ellendale (repaid in full), $8,000; First National bank, Frazee (receiver), $30,000; Calhoun State bank, Minneapolis (receiver), $57,000; Harriet State bank. Minneapolis (receiver), $37,000; Penn Avenue State bank, Minneapolis (receiver), $32,000; Twenty Street State bank. Minneapolis (receiver) $40,000; State Bank & Trust Co., Redwood Falls (receiver) $320,000; Citizens State bank, St Paul (receiver), $15,000; Dayton's Bluff State bank. St. Paul (receiver), $150,000; First National of Westbrook (receiver), $40,000.