Fort Pierre Bank - Fort Pierre, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 30, 1895
Location: Fort Pierre, South Dakota (44.354, -100.374)

Metadata

Model: gpt-5-mini
Short Digest: 97670a68

Response Measures

None

Description

Article (1895-01-30) reports the Fort Pierre, S.D. bank went up — 'plenty of collateral,' but no money! implying failure/closure due to lack of cash despite collateral. No explicit run described; closure/suspension inferred from phrasing.

Events (1)

1. January 30, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Reported lack of cash though there was plenty of collateral, indicating insolvency/illiquidity at the bank leading to suspension/closure.
Newspaper Excerpt: The Fort Pierre, S. D., bank went up-plenty of collateral, but no money!
Source: newspapers

Newspaper Articles (1)

1. January 30, 1895 The Representative Saint Paul, Minneapolis, MN

Article from The Representative, January 30, 1895

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Article Text

The Best System on Earth. The Coming Nation: The Fort Pierre, S. D., bank went up-"plenty of collateral," but no money! Plenty of money, you know. The defunct Slater, Mo., bank has $4.51 in cash and owed the dupes who believed banks safe about $40,000. Just put out a gilt sign "Bank," and see people run to put their money in it. Over 800 depositors having over $200,000 in the Irwin bank fake at Pittsburg, Pa., are mourning for their savings. A government depository for money would be paternalism, you know. Just one day's bank news.