State Bank - Redwood Falls, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 4, 1935
Location: Redwood Falls, Minnesota (44.539, -95.117)

Metadata

Model: gpt-5-mini
Short Digest: a6628b0a

Response Measures

None

Description

Article (Apr 4, 1935) refers to George A. Johnson as receiver of the (former) State Bank and reports sale of the former State Bank building — indicating the bank had been closed and placed in receivership prior to the sale. No run is described in the articles provided.

Events (2)

1. April 4, 1935 Other

Newspaper Excerpt: Ewart ... purchased the former State Bank building on Second street for $12,000.
Source: newspapers

2. April 4, 1935 Receivership

Newspaper Excerpt: George A. Johnson, receiver of the bank, testified that the price was a fair one.
Source: newspapers

Newspaper Articles (1)

1. April 4, 1935 The Redwood Gazette Redwood Falls, MN

Article from The Redwood Gazette, April 4, 1935

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Article Text

Sell State Bank Building To Ewart L. R. Ewart Saturday purchased the former State Bank building on Second street for $12,000, following approval of the sale by Judge Albert H. Enerson who held a hearing on the matter at the court house that morning. Mr. Ewart, vice-president of the Citizens State Bank, bid on the building personally after George A. Johnson, receiver of the bank, testified that the price was a fair one. As yet Mr. Ewart has not announced his intentions in regard to the disposal of the building.