Farmers State Bank - Roscoe, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 12, 1933
Location: Roscoe, South Dakota (45.449, -99.339)

Metadata

Model: gpt-5-mini
Short Digest: 79487daa

Response Measures

None

Description

Article (Sioux City Journal, 1933-04-12) reports the state banking department announced the permanent suspension (closure) of Farmers State Bank of Roscoe. No run is mentioned. Closure is by state action.

Events (1)

1. April 12, 1933 Suspension

Cause: Government Action
Cause Details: State banking department announced permanent suspension of the bank during the banking holiday.
Newspaper Excerpt: permanent suspension of four banks which were closed temporarily during the banking holiday ... and the Farmers State bank of Roscoe.
Source: newspapers

Newspaper Articles (1)

1. April 12, 1933 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, April 12, 1933

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Article Text

Four Banks in Dakota Closed by the State Pierre, S. permanent suspension of four banks which were closed temporarily during the banking holiday announced Tuesday by the state banking department. The institutions are the First State bank of Volga, the Mellette County bank of Wood, the Dewey County bank of Isobel, and the Farmers State bank of Roscoe. The First State of Volga had deposits $200,000, the Mellette County bank about $50,000. the Dewey County bank about $75,000, and the Roscoe bank. $70,000. Final action the status of of the 163 state banks in South Dakota which were closed during the holiday has not been determined.