Farmers Guaranty State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 8, 1931
Location: Volin, South Dakota (42.957, -97.180)

Metadata

Model: gpt-5-mini
Short Digest: 9e263b25

Response Measures

None

Description

Article (Argus-Leader, 1931-09-08) states the bank was closed today, state reported here by the banking department. No run is mentioned; closure appears to be by banking department (government action) and permanent. Date taken from publication date.

Events (1)

1. September 8, 1931 Suspension

Cause: Government Action
Cause Details: Closed by the state banking department (reported as closed by banking department).
Newspaper Excerpt: VOLIN BANK CLOSES Farmers Guaranty State bank of Volin was closed today, state reported here by the banking department.
Source: newspapers

Newspaper Articles (1)

1. September 8, 1931 Argus-Leader Sioux Falls, SD

Article from Argus-Leader, September 8, 1931

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Article Text

Valuable Tools Are Taken at Aged Canton Man's Shop (Special to the Argus-Leader) $200 Canton. Sept. .-Approximately worth of carpenter's tools last night from the shop Canton handyman. The robber robbers apparently knew what Mr Hanson had in shop, since he took only the most valuable tools. VOLIN BANK CLOSES Farmers Guaranty State bank of Volin was closed today, state reported here by the banking department. The bank had capital stock of deposits of approximately $50,000. Glasgow, Scotland. is to have air mail collection boxes.