17685. Farmers & Traders Bank (Kimball, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 2, 1890
Location
Kimball, South Dakota (43.747, -98.958)

Metadata

Model
gpt-5-mini
Short Digest
e097cd1a216200eb

Response Measures

None

Description

Articles show the Farmers & Traders' Bank of Kimball was involved in court action with a receiver named (Alex Ingles) in mid-1890, and by Jan 30, 1891 the paper reports the bank is going out of business, closing up affairs and paying depositors with intent to reopen only when business warrants. No article describes a depositor run. The sequence indicates a suspension/closure with a receiver involved and management winding up operations (voluntary liquidation). I corrected minor OCR errors in names/places (e.g., Chemberlain → Chamberlain) but did not invent dates beyond those given in the notices (complaint filed June 2, 1890).

Events (2)
1. June 2, 1890 Receivership
Newspaper Excerpt
Summons...which was filed on the 2nd day of June, A. D., 1890...L. Tibbetts, Alex Ingles, Receiver...Farmers and Traders' Bank.
Source
newspapers
2. January 30, 1891 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided it was not profitable to continue; bank closing up affairs and paying depositors in orderly fashion.
Newspaper Excerpt
Going Out of Business. The Farmers and Traders' Bank is closing up its affairs preparatory to going out of business. Depositors are being paid their dues...
Source
newspapers

Newspaper Articles (3)
1. June 27, 1890 The Kimball Graphic Kimball, SD
Article from The Kimball Graphic, June 27, 1890

Click image to open full size in new tab

Article Text

VS. George W. Tibbetts, Susan Summons. L. Tibbetts, Alex Ingles. Receiver. H. 8. Dains, Carl Pollow, Farmers and Traders' Bank, a teiger & Son. Defendante. The State of South Dirkota sends greeting to the above named defendants: to You are hereby summoned and requi ch answer the complaint of this nction, in was filed on the 2nd day of June, A. D., the office of the Circuit Court within and for the county of Brule, State of South Dakota. at the court house in the City of Chembor/ain, county of Brule, State of South Dakota. and to serve 11 copy of your answer on the subscriber at his office on Main street in the City of Kemball, S. D. within thirty days after the service of this summons, exclusive of the day of service. If you fail to answer the complaint within that time the plaintiff will apply to the court for the relief demanded in the complaint. No personal claim is made against the defend ants, H. S. Dains, Alex Ingles, Receiver. Carl Pollow, Steiger & Son and Farmers and Traders Bank. A. E. Roberts, Plaintiff's Aity. Dated at Kimball, S.D., June 9tht. (129)

2. August 1, 1890 The Kimball Graphic Kimball, SD
Article from The Kimball Graphic, August 1, 1890

Click image to open full size in new tab

Article Text

Summons. State of Soath Dakota. ) In the Circuit Court Fourth J adicial Circuit. in and for Brule Co. F. A. Rising, Plaintiff, ve. George W. Tibbetts, Susan Summons. L. Tiboetts, Alex Ingles. Receiver, H. S. Dains, Carl Pollow, Farmers and Traders' Bank. and Steiger & Son, Defendants. The State of South Dakota sends greeting to the above named defendants: You are hereby summoned and required to answer the complaint of this action, which was filed on the 2nd day of June, A.D., 1890, in the office of the Circuit Court within and for the county of Brule, State of South Dakota, HU the court house in the City of Chember/ain, county of Brule, State of South Dakota, and to serve " copy of your answer on the subscriber at his office on Main street in the City of Kembail, S. D, within thirty days after the service of this summons, exclusive of the day of service. If you fail to answer the complaint within that time the plaintiff will apply to the court for the relief demanded in the complaint. No personal claim is made against the defend ants, H. S. Dains, Alex Ingles, Receiver. Carl Pollow, Steiger & Son and Farmers and Traders A. E. Roberts, Bank. Plaintiff's Atty. Dated at Kimball, S. D., June9th1,890. (429)

3. January 30, 1891 The Kimball Graphic Kimball, SD
Article from The Kimball Graphic, January 30, 1891

Click image to open full size in new tab

Article Text

Going Out of Business. The Farmers and Traders' Bank is closing up its affairs preparatory to going out of business. Depositors are being paid their dues as rapidly as they can be called into the bank, and the vice-president, W. S. Farmer, expects to have them all paid in full in a few days at the fartherest and the institution ready to ciose. It is evident that the directors of the bank do not consider it profitable to run it longer in the face of the present hard times, but we understand that it is their intention to re-open the bank when business will warrant it. The honorable and business like manner in which the bank is settling up its afiairs is fresh evidence of its stability, and is such as will react to its credit should it resume business.