State Bank - Pine Island, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 25, 1924
Location: Pine Island, Minnesota (44.201, -92.646)

Metadata

Model: gpt-5-mini
Short Digest: 13afce84

Response Measures

None

Description

Article (The Tomahawk, 1924-09-25) states State Bank of Pine Island closed its doors some time ago and that a new bank will succeed it. No run is mentioned and no cause or receivership is specified in the text, so classify as suspension leading to permanent closure.

Events (1)

1. September 25, 1924 Suspension

Cause Details: Article gives no reason for the closure/suspension; only notes it closed its doors some time ago.
Newspaper Excerpt: Pine Island is to have a new bank, which will succeed the State Bank of Pine Island which closed its doors some time ago.
Source: newspapers

Newspaper Articles (1)

1. September 25, 1924 The Tomahawk White Earth, MN

Article from The Tomahawk, September 25, 1924

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Article Text

building permits for a total of $96,065 since March, indicating a very healthy growth in that municipality. Pine Island-Pine Island is to have a new bank, which will succeed the State Bank of Pine Island which closed its doors some time ago. Slayton-Reports from threshing op- erations show that Murray county has one of the best oat crops in its history this year. Mankato-Contracts for the build- ing of an incinerator were awarded to a St. Louis company by the Man- kato city council. The bid of the company was $16,000. Hibbing-Within 45 minutes after a bloodhound, owned by Jack Trem- berth, had been placed on the trail, the little daughter of John Kostella, a farmer, was found. Little Falls-Pike's monument at Pike Rapids on the west side of the Mississippi river, a few miles below this city, has been moved to a hill near its former location. Faribault-Shattuck school formal- ly inaugurated its fifty-ninth year in a chapel service conducted by Bishop McElwain of the diocese of Minne- sota, ex-officio rector of the school. Winona-Ernest L. King, his wife and their 11 year old son, Ernest, Jr., of Winona, will leave on an eight month expedition to British East Afri- ca, where they will hunt big game. Cloquet-A united effort to push the Great Lakes-St. Lawrence deep wa- terways will mark the fall program of the Eighth District Federation of Women's Clubs. New Ulm-Professor Arnold Gloor, superintendent of the city schools has been delegated to formulate rules regarding the dress and toilet of the girls in the high school. Spring Valley-Three eighth grade students were brought before a jus- tice of the peace here and ined $24.95 each as a result of hazing students promoted to the grade below them. Mankato-H. A. Hanson and Son of Shady Brook stock farm, breeders of Polled Shorthorn cattle, won almost a score of prizes at the Huron, S. D., state fair. Mankato-Dr. T. L. Case, 87 years old, died at the home of Rev. Herbert L. Case. He is survived by two sons and one daughter. Interment will be made at Mason City, Iowa. Ellsworth-Ellsworth seems to have more than its share of twins. There are four sets of twins attending St. Mary's school and one set attending the public sehool. There are 13 pairs of twins in Ellsworth. Faribault-Concerts by three bands and a street pavement dance under the supervision of Mayor Thomas H. Quinn, are to be features of Fari- bault's fourth annual "open house party." Ellsworth-E. E. Loverian, editor of the Ellsworth News, is enjoying a second crop of blossoms from a snow- ball bush in the yard at his residence, and his rose bushes have borne clus- ters continuously since June. Rochester-A "budget ledger" to clarify the bookkeeping for the vari- ous city departments will be installed by City Clerk A. E. Wright as a re- sult of action taken by the city coun- cil. Virginia-Trial of the case of the Hannah Ore Mining company and others against the billage of Mountain Iron to prevent the officials from ex- pending funds in excess of their bud- get, was started in district court. Hibbing-Prospect of the employ- ment of 100 or more idle men loomed here when the Oliver Iron Mining Company announced a start will be made at once to begin active opera- tions at the Kerr location. Red Wing-In the midst of calcula- tions as to how much coal the furnace will consume during the coming win- ter, several sprigs of apple blossoms were picked on the Reinhart Kolbe farm, 4½ miles from Goodhue. Minneapolis-Wheat production in four states of the Northwest will be 43 per cent larger than in 1923, in spite of the decrease in acreage, it is forecast in the government Sep- tember crop report. Austin-The southern Minnesota division of the Milwaukee road is pre- paring to move the largest amount of grain that has ever been shipped in one season along its 600 miles of track. St. Paul-Favorable labor condi- tions prevail in Minnesota, according to the monthly employment informa- tion bulletin issued by the United States employment service of the de- partment of labor. St. Cloud-The city council is con- sidering a new ordinance to regulate intercity bus traffic. The purpose of the ordinance, city officials say, is to enable them to designate certain streets on which the buses may not run. St. Paul- The Ford Motor com- pany's $10,000,000 plant at the high dam is 75 per cent complete. Because