Commercial State Bank (Platte, SD)

Episode Information

Episode UID
2279288891518
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
227928889 hash
Start Date
June 30, 1926
Location
Platte, South Dakota (43.387, -98.845)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4cfcbe8a00be8cd0

Response Measures

None

Description

Dates inferred from July 2, 1926 publications referencing a heavy run on the prior Wednesday.

Events (2)
1. June 30, 1926 Run
Cause
Local Shock
Cause Details
Crop failures in the region and failures of other local banks prompted depositors to withdraw funds.
Measures
None specific beyond later closing; bank later sought depositors' signatures for five-year time certificates.
Newspaper Excerpt
following heavy run of depositors
Source
newspapers
2. July 1, 1926 Suspension
Cause
Local Shock
Cause Details
Banks closed following heavy withdrawals tied to crop failures and regional bank failures; closure described as for reorganization and obtaining time-certificate signatures.
Newspaper Excerpt
failed to open their doors for business ... had closed for organization purposes and would reopen as soon as they can get depositors' signatures for five year time certificates
Source
newspapers

Newspaper Articles (3)
1. July 2, 1926 The Waukesha County Freeman Waukesha, WI
Article from The Waukesha County Freeman, July 2, 1926

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Article Text

CROP FAILURE BLAMED FOR BANK CLOSURES PLATTE. S. D.-Crop failures were said to bbe responsible for the closing of three more banks in this city. Doors were locked today on the Commercial State, Platte State, and Farmers' State banks, following heavy runs of depositors. The in. stitutions, according to the officers, were not in dangerous conditions and following reorganization will be Saves repairs and keeps reopened providing sufficient fivedown cost of running your year time certificate signatures car. It is as different from should be secured from depositors, as the famous Alemite RHINELANDER-The Rev. George High Pressure Lubrication Staley has accepted the pastorate of is different from the oldthe Methodist church. here, succeeding the Rev. A. 0. Wade. fashionedgrease cup. Have EAU CLAIRE boys from Eau WAUKESHA AUTO SALES CO. Claire will be among the first of the Waukesha, Wisconsin summer quota to attend the "Y." boys' camp at Lower Long lake.

2. July 2, 1926 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND
Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, July 2, 1926

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Article Text

Heavy Run Closes 3 South Dakota Banks Platte S. D., July state banks the Commercial State Platte State and Farmers State falled open their doors for business yesterday following heavy run of depositors Wednesday Officials of the institutions declared that none of the banks was in shape but that they had closed for purposes and would reopen as soon as they can get depositors' signatures for five year time certificates, payable by percentage every year Crop failures and many other banks failing in this section are said to have caused the local banks to take this step. Business in Platte was at a standstill today.

3. July 2, 1926 Star Tribune Minneapolis, MN
Article from Star Tribune, July 2, 1926

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Article Text

Three State Banks Close in Platte, S.D., Following Heavy Run by Depositors banks, the Commercial State Platte State, and Farmers State failed to open their doors for business this morn. ing. following a heavy run of deposit. Officials of the institutions declared that none of the banks was in bad shape but that they had closed for organization purposes and would signatures for year time cer tificates, payable by percentage each Crop failures and many other banks failing in this section are said to have caused the local banks to take this step. Business in Platte was at stand still today.