Farmers State Guaranty Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 17, 1931
Location: Viborg, South Dakota (43.170, -97.081)

Metadata

Model: gpt-5-mini
Short Digest: 4c9353bd

Response Measures

None

Description

OCR indicates the bank 'did not open' in September 1931; wording implies the board closed the bank and there was discussion of liquidation. No explicit run on this bank is described (an attempted run on another bank is mentioned). Classified as a suspension that leads to closure/liquidation.

Events (1)

1. September 17, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Article indicates the bank did not open and was closed by its board; mention of liquidation in some quarters.
Newspaper Excerpt: VIBORG BANK CLOSED Sept. Farmers State Guaranty bank here did not open for here having been closed of board of
Source: newspapers

Newspaper Articles (1)

1. September 17, 1931 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, September 17, 1931

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Article Text

VIBORG BANK CLOSED Sept. Farmers State Guaranty bank here did not open for here having been closed of board of While this is event of this kind in Viborg's history there was attempt made run on the other the First and it some quarters to liquidate the closed bank will be successful. Automobile grade crossing fatalities in the United States were duced from in 1929 to 2,020 in percent.