20378. Stockmans Bank (Hot Springs, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 22, 1924
Location
Hot Springs, South Dakota (43.432, -103.474)

Metadata

Model
gpt-5-mini
Short Digest
7ca4ffce

Response Measures

None

Description

Articles state the Stockman's (Stockmans) Bank of Hot Springs was suspended December 22, 1924 and later liquidated; final dividend announced in Jan–Feb 1933. No article mentions a depositor run; suspension led to permanent closure and liquidation by the state banking department.

Events (3)
1. December 22, 1924 Suspension
Cause Details
Article(s) do not specify a cause for the suspension; only the suspension date is reported.
Newspaper Excerpt
The bank was suspended on December 22, 1924.
Source
newspapers
2. January 12, 1933 Receivership
Newspaper Excerpt
LIQUIDATION COMPLETED PIERRE, Jan. of the Stockman's Bank, at Hot Springs, has been terminated, and final dividend ... will be paid to deposit creditors, was announced today the state banking department. The bank was suspended on December 1924 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22, 1924 . (paraphrase from combined articles).
Source
newspapers
3. February 25, 1933 Other
Newspaper Excerpt
liquidation of the Stockman's bank, Hot Springs, has been completed and final dividend three per cent being paid today. Two previous dividends 10 each been paid. The bank suspended Dec. 22, 1924.
Source
newspapers

Newspaper Articles (3)
1. January 12, 1933 Deadwood Pioneer-Times Deadwood, SD
Article from Deadwood Pioneer-Times, January 12, 1933

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Article Text

LIQUIDATION COMPLETED PIERRE, Jan. of the Stockman's Bank, at Hot Springs, has been terminated, and final dividend of cent will be paid to deposit per creditors. today the state banking department. The vidend represents distribution of $10,750. Previous dividends have amounted to 20 per cent. The bank was suspended on December 1924.

2. January 12, 1933 The Weekly Pioneer-Times Deadwood, SD
Article from The Weekly Pioneer-Times, January 12, 1933

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Article Text

LIQUIDATION COMPLETED PIERRE, Jan. of the Stockman's Bank, at Hot Springs, has been terminated, and final dividend per cent will be paid to deposit creditors, was announced today the state banking department. The vidend represents distribution of proximately Previous dends have amounted 20 cent. The bank was suspended on December 22, 1924.

3. February 25, 1933 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, February 25, 1933

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Article Text

HOT SPRINGS BANK Pierre, Feb. state banking department announced day that liquidation of the Stockman's bank, Hot Springs, has been completed and final dividend three per cent being paid today. Two previous dividends 10 each been paid. The bank suspended Dec. 22, 1924.