Articles state Fedora State Bank closed Oct. 19, 1931 and the state banking department in April 1932 authorized payment of dividends to creditors. No mention of a depositor run; closure appears permanent (dividends to creditors). Cause of closure not specified in the articles.
Events (2)
1.October 19, 1931Suspension
Cause Details
Article only reports that the Fedora State Bank closed on Oct. 19, 1931; no cause provided.
Newspaper Excerpt
The Fedora bank closed Oct. 19, 1931.
Source
newspapers
2.April 29, 1932Other
Newspaper Excerpt
The banking department plans ... Creditors of the Fedora bank will receive ten per cent dividend which will represent distribution of about $9,000.
Source
newspapers
Newspaper Articles (2)
1.April 29, 1932Rapid City JournalRapid City, SD
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Article Text
Plan Pay Dividends On Two Closed State Banks
Pierre, April inary legal for payment of dividends to creditors closed state banks been taken by the state banking department the interests depositors the Farmers State Bank of Elk Point and the Fedora State Bank. The banking department plans fifteen per cent dividend creditors of the Elk Point bank, which closed Oct. 1931. The pay ment $20,000. Creditors of the Fedora bank will receive ten per cent dividend which will distribution about $9,000. The Fedora bank closed Oct. 19, 1931.
2.April 29, 1932Rapid City JournalRapid City, SD
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Article Text
Plan Pay Dividends On Two Closed State Banks
Pierre, April inary legal steps for the payment of dividends to closed state banks have been taken by the state banking department the of the State Bank of Elk Point and the Fedora State Bank. The banking department plans pay fifteen cent dividend creditors of Elk Point bank, which Oct. 1931. The ment will approximate Creditors Fedora bank will receive dividend which will represent distribution of about $9,000. The Fedora bank closed Oct. 19, 1931.
