German American State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 20, 1912
Location: Witten, South Dakota (43.439, -100.080)

Metadata

Model: gpt-5-mini
Short Digest: 32ad84cf

Response Measures

None

Description

Newspaper (The Mitchell Capital, 1912-09-26) reports the bank was placed in the hands of an examiner and was closed by the president after the cashier departed and the bank could not reinstate its impaired cash reserve. No run is mentioned and an examiner (government action) was appointed; article implies closure/defunct status.

Events (1)

1. September 20, 1912 Suspension

Cause: Government Action
Cause Details: Examiner was appointed after the bank could not reinstate its impaired cash reserve; cashier had departed and president closed the bank.
Newspaper Excerpt: Witten, S. D.-The German American State bank of Witten, was placed in the hands of an examiner Friday, following the disclosure that it was unable to reinstate its impaired cash reserve. The cashier of the bank is absent.
Source: newspapers

Newspaper Articles (1)

1. September 26, 1912 The Mitchell Capital Mitchell, SD

Article from The Mitchell Capital, September 26, 1912

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Article Text

BANK OF WITTEN IS SUSPENDED EXAMINER'S OFFICE TOOK BANK PRIDAY-CASHIER OF DEFUNCT BANK IS ABSENT FROM TOWN. Witten, S. D.-The German American State bank of Witten, was placed in the hands of an examiner Friday, following the disclosure that it was unable to reinstate its impaired cash reserve. The assets amount to about $15,000 while the liabilities are $10,600. The cashier of the bank is absent. The officers of the bank are S. D. Ewing, president, Daniel Smith vice president and F. G. Kurtz, cashier. It seems that Mr. Kurtz departed from the city and the bank was closed by the president, Friday night.