17546. Farmers State Bank (Bancroft, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 30, 1930
Location
Bancroft, South Dakota (44.488, -97.750)

Metadata

Model
gpt-5-mini
Short Digest
2af937e669b49188

Response Measures

None

Description

Articles state the Farmers State Bank of Bancroft suspended Dec. 30, 1930 and remained closed; South Dakota banking department is paying dividends to creditors in 1933, indicating receivership/closure rather than a temporary run or reopening.

Events (2)
1. December 30, 1930 Suspension
Cause
Government Action
Cause Details
Bank was closed and placed under the authority of the South Dakota banking department (implied regulatory closure/receivership).
Newspaper Excerpt
The bank suspended Dec. 30, 1930.
Source
newspapers
2. March 20, 1933 Receivership
Newspaper Excerpt
Payment of second dividend of five per cent ... to creditors of the closed Farmers State bank of Bancroft was announced today by the South Dakota banking department. A 10 per cent dividend was paid previously. The bank suspended Dec. 30, 1930.
Source
newspapers

Newspaper Articles (2)
1. March 20, 1933 The Daily Plainsman Huron, SD
Article from The Daily Plainsman, March 20, 1933

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Article Text

SECOND DIVIDEND PIERRE, Mar. 20(P)-Payment of second dividend of five per cent or about $2,500 to creditors of the closed Farmers State bank of Bancroft was announced today by the South Dakota banking department. A 10 per cent dividend was paid previously. The bank suspended Dec. 30, 1930.

2. March 20, 1933 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, March 20, 1933

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Article Text

PAY AT BANCROFT Pierre, second dividend about $2,500 creditors cent closed Farmers State bank Bancroft announced today the South Dakota banking cent dividend partment. per paid previously. The bank pended Dec. TALKS OF FISH Cheyenne, Wyo., Mar. he stepped from train into brisk Wyoming March weather, former President Herbert Hoover talked readily about fishing. would not discuss politics.