State Bank - Hinckley, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 23, 1924
Location: Hinckley, Minnesota (46.011, -92.944)

Metadata

Model: gpt-5-mini
Short Digest: 7110e30d

Response Measures

None

Description

Article states 'The State bank of Hinckley ... were closed by the state superintendent of banks' citing depleted reserves. No run is mentioned; closure appears to be by state action (superintendent).

Events (1)

1. January 23, 1924 Suspension

Cause: Government Action
Cause Details: Closed by the state superintendent of banks due to depleted reserves.
Newspaper Excerpt: The State bank of Hinckley ... were closed by the state superintendent of banks, Depleted reserves IS the general cause.
Source: newspapers

Newspaper Articles (1)

1. January 23, 1924 The Redwood Gazette Redwood Falls, MN

Article from The Redwood Gazette, January 23, 1924

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Article Text

During the week the Sioux Falis National bank closed and the Sioux Falls Trust & Savings bank was placed under the supervision of a state commission, and temporariiy will suspend payments on deposits. The State bank of Hinckley and the Farmers & Merchants State bank of Montevideo and a bank at Amboy were closed by the state superintendent of banks, Depleted reserves IS the general cause.