State Bank - Holmquist, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 1, 1931*
Location: Holmquist, South Dakota (45.339, -97.653)

Metadata

Model: gpt-5-mini
Short Digest: 294c172f

Response Measures

None

Description

Article states the State Bank of Holmquist suspended business in September 1931 and later (Oct 1932) filed in court directing payment of a second dividend to depositors — indicates the bank remained closed and in receivership/liquidation rather than reopening. No run is mentioned and cause of suspension is not specified in the text.

Events (2)

1. September 1, 1931* Suspension

Cause Details: Article does not specify reason for the suspension; only states the bank suspended business in Sept. 1931.
Newspaper Excerpt: The bank which suspended business in September, 1931,
Source: newspapers

2. October 14, 1932 Receivership

Newspaper Excerpt: PAYS DIVIDEND ... directing payment of second dividend five per cent to depositors of the State Bank of Holmquist filed in court here Thursday. The bank which suspended business in September, 1931, paid 10 per cent dividend last April (Rapid City Journal, 1932-10-14).
Source: newspapers

Newspaper Articles (1)

1. October 14, 1932 Rapid City Journal Rapid City, SD

Article from Rapid City Journal, October 14, 1932

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Article Text

WRONG REPORTS Washington, Oct. Bethat President Hoover "did not the true situation or misinformed in directing the eviction of bonus marchers from camps last summer expressed by Hoke Smith, field commander the Bonus Expeditionary Force. He made this statement last night after delegation he headed been received by the President. The statement continued am glad that the President fit to receive the committee of delegates elected by its nation convention. "We feel that this proves that the Bonus Expeditionary Force was not the criminal group' that viciously attacked by the attorney general during the middle of September. Retrospection often brings understanding even among high government officials. "Our severe was directed Mr. Hoover for the drastic in the forceful eviction of the Bonus Expeditionary Force from the District of Columbia and not at the chief cutive of the country that love well and feel that this drasaction his part because he did not the true uation by those whom he relied for true ture of the situation. PAYS DIVIDEND Webster, directing payment of second dividend five per cent to depositors of the State Bank of Holmquist filed in court here Thursday. The bank which suspended business in September, 1931, paid 10 per cent dividend last April