Ramsey County State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 23, 1926
Location: St Paul, Minnesota (44.944, -93.093)

Metadata

Model: gpt-5-mini
Short Digest: 8cc46cff

Response Measures

None

Description

Article (AP) dated March 23, 1926 reports the Ramsey County State Bank of St. Paul was closed today by the commissioner of banks because of frozen assets. No run is mentioned; closure appears to be by regulator action/insolvency.

Events (1)

1. March 23, 1926 Suspension

Cause: Government Action
Cause Details: Closed by the state commissioner of banks due to frozen assets; regulator announced the bank was closed.
Newspaper Excerpt: MINNESOTA BANK CLOSES St. Paul. March 23. (AP)The Ramsey county state bank of St. Paul with deposits totalling $1,300,000. was closed today because of frozen assets. A. J. Veigel. commissioner of banks announced.
Source: newspapers

Newspaper Articles (1)

1. March 23, 1926 The Havre Daily News Havre, MT

Article from The Havre Daily News, March 23, 1926

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Article Text

Miles Commercial Club Will Send Delegates to Meet Miles City, March -W. S. Leavitt, president of the local commercial club appointed committee to attend a meeting of the Montana Stock Grower's association to be held in Billings March 30 and 31 and invited the convention to meet here next year. MINNESOTA BANK CLOSES St. Paul. March 23. (AP)The Ramsey county state bank of St. Paul with deposits totalling $1,300,000. was closed today because of frozen assets. A. J. Veigel. commissioner of banks announced.