Pennington County Bank - Rapid City, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 13, 1934
Location: Rapid City, South Dakota (44.081, -103.231)

Metadata

Model: gpt-5-mini
Short Digest: e396b4ee

Response Measures

None

Description

The article (Mar 13, 1934) lists Case Lathrop State Bank, Plankinton (receiver) $45,000 as approved for an RFC loan. This indicates the bank was in the hands of a receiver (closed/insolvent). The clipping does not mention a depositor run; only receivership is reported. OCR omitted the ampersand in the article's bank name; corrected to provided name.

Events (1)

1. March 13, 1934 Receivership

Newspaper Excerpt: Case Lathrop State Bank, Plankinton (receiver) $45,000.
Source: newspapers

Newspaper Articles (1)

1. March 13, 1934 The Daily Plainsman Huron, SD

Article from The Daily Plainsman, March 13, 1934

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Article Text

Approved To Nine S. Banks WASHINGTON Mar. Reconstruction Finance Corporation announcement shows approval of loans totalling $570,857.70 for nine South Dakota banks. The bank and loans follow: First National Bank of Belle Fourche, $75,000. Bonilla State Bank( receiver) $13,000. Dimock State Bank (receiver) $36,500. First State Bank, Hetland (receiver), $36,500. Case Lathrop State Bank, Plankinton (receiver) $45,000. Pennington County Bank, Rapid City (receiver) Stickney State Bank (receiver) $33,000. First State Bank, Volga (receiver) $50,Bank of Winner (receiver) $50,000.