Altamont State Bank - Altamont, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Altamont, South Dakota (44.840, -96.690)

Metadata

Model: gpt-5-mini
Short Digest: f941a1fa

Response Measures

None

Description

Article (Mar 13, 1934) reports dividends being paid to creditors of the Altamont State Bank and states the bank 'closed March'. No mention of a run; bank is closed and paying creditors, indicating permanent closure/receivership. OCR garbling in the snippet corrected for readability; exact closure year not specified in the excerpt.

Events (1)

1. * Suspension

Cause Details: Article only states the bank 'closed March' and is paying dividends to creditors; no cause of suspension/closure given in the excerpt.
Newspaper Excerpt: Creditors of the Altamont State bank Altamont, Deuel county, will $2,152.79. ... since the bank closed March
Source: newspapers

Newspaper Articles (1)

1. March 13, 1934 The Daily Plainsman Huron, SD

Article from The Daily Plainsman, March 13, 1934

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Article Text

Dividends PIERRE, March taling nearly $13,500 are being paid three closed banks, the creditors Dakota banking department ported. Creditors of the Altamont State bank Altamont, Deuel county, will $2,152.79. This makes total of cent of paid since the bank closed March Another final amounting per cent being depositors the Bennett bank Martin, which closed 1924. This will make total 31.6 per cent since fourth of per cent, ounting to goes creditors the Farmers State bank makes per cent, since the bank suspended October 1931.