Guaranty State Bank - Osceola, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 14, 1925
Location: Osceola, South Dakota (44.467, -97.839)

Metadata

Model: gpt-5-mini
Short Digest: 051e0d88

Response Measures

None

Description

Article reports the Guaranty State Bank of Osceola suspended on March 14, 1925, and by Oct 1932 final dividends were being paid to creditors — indicating the bank remained closed and in liquidation/receivership. No run is mentioned; cause of suspension not given in the snippet, so classified as other.

Events (2)

1. March 14, 1925 Suspension

Cause Details: Article gives date of suspension but does not state a cause.
Newspaper Excerpt: the bank suspended March 14, 1925
Source: newspapers

2. October 3, 1932 Receivership

Newspaper Excerpt: third and final dividend of four per cent is being paid creditors of the Guaranty State Bank of Osceola, Kingsbury county, the state banking department announced today. This payment increases the dividends paid since the bank suspended March 14, 1925, to 54 per cent, which represents total distribution of about
Source: newspapers

Newspaper Articles (1)

1. October 29, 1932 Rapid City Journal Rapid City, SD

Article from Rapid City Journal, October 29, 1932

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Article Text

PAYS DIVIDEND Pierre, Oct. third and final dividend of four per cent is being paid creditors of the Guaranty State Bank of Osceola, Kingsbury county, the state banking department announced today. This payment increases the dividends paid since the bank suspended March 14, 1925, to 54 per cent, which represents total distribution of about