State Bank - Franklin, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 30, 1934
Location: Franklin, Minnesota (44.529, -94.883)

Metadata

Model: gpt-5-mini
Short Digest: a9d95d8c

Response Measures

None

Description

Article reports a receiver (G. A. Johnson) succeeding previous receiver for the State Bank of Franklin, indicating the bank is closed and in receivership. No run or prior suspension is described in the excerpt; receiver appointment implies permanent closure/receivership.

Events (1)

1. August 30, 1934 Receivership

Newspaper Excerpt: G. A. Johnson ... came here this week to succeed Fred H. Hahne as receiver of ... the State Bank of Franklin.
Source: newspapers

Newspaper Articles (1)

1. August 30, 1934 The Redwood Gazette Redwood Falls, MN

Article from The Redwood Gazette, August 30, 1934

Click image to open full size in new tab

Article Text

G. A. Johnson is New State Bank Receiver G. A. Johnson, who has been in charge of liquidation of the bank at Scandia, came here this week to succeed Fred H. Hahne as receiver of the State Bank and Trust company of Redwood Falls, the Farmers and Merchants bank at Morgan and the State Bank of Franklin. Mr. Johnson is a brother of J. Albert Johnson and lived here years ago. He has been with the banking department since 1926, first having charge of several closed banks near Thief River Falls and has been at Scandia the last 18 months. He plans to move his family here soon. Mr. Hahne moved to Manistique, Michigan, recently to take charge of a new bank there.