20335. Fedora State Bank (Fedora, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 19, 1931
Location
Fedora, South Dakota (44.009, -97.791)

Metadata

Model
gpt-5-mini
Short Digest
c91b59e8

Response Measures

None

Description

Articles report Fedora State Bank closed Oct 19, 1931. No run is mentioned. The state banking department is handling payment of dividends to creditors in April 1932, indicating the bank remained closed and in receivership/administration.

Events (2)
1. October 19, 1931 Suspension
Cause
Government Action
Cause Details
Closed and handled by state banking department (state action leading to suspension/closure).
Newspaper Excerpt
The Fedora bank closed Oct. 19, 1931.
Source
newspapers
2. April 29, 1932 Receivership
Newspaper Excerpt
Plan Pay Dividends On Two Closed State Banks ... Creditors of the Fedora bank will receive ten per cent dividend which will represent distribution of about $9,000. The Fedora bank closed Oct. 19, 1931. (Rapid City Journal, 1932-04-29).
Source
newspapers

Newspaper Articles (2)
1. April 29, 1932 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, April 29, 1932

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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, 1932 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, April 29, 1932

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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.