Bank of Wasta (Wasta, SD)

Episode Information

Episode UID
3799461391591
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
379946139 hash
Start Date
July 16, 1932
Location
Wasta, South Dakota (44.069, -102.446)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
192f9b80525b6bfd

Response Measures

None

Description

Articles report discovery of fictitious notes/forgery by the cashier which is cited as causing the bank's closing.

Events (2)
1. July 16, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of fictitious notes among collateral and alleged forgery by the bank's former cashier; cited as reason for the bank's closing.
Newspaper Excerpt
blamed for the closing of the Bank Wasta.
Source
newspapers
2. July 24, 1932 Other
Newspaper Excerpt
state banking department announced had found fictitious notes among collateral of the Pennington County bank here. He was blamed for the closing of both banks and at liberty under bond forgery charge when were discovered the Pennington County bank.
Source
newspapers

Newspaper Articles (2)
1. July 16, 1932 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, July 16, 1932

Click image to open full size in new tab

Article Text

WARRANTS Charge Forgery Of Three Notes Of $8,175; Blamed For Bank Closing Here. Warrants of arrest on three ditional charges forgery notes, totalling which were sold Pennington County bank here before its closing, were issued here this forenoon against formerly cashier of the Bank Wasta. Complaints signed by Fossum, Pierre, deputy superin-

2. July 24, 1932 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, July 24, 1932

Click image to open full size in new tab

Article Text

Dakotan Unable to Get Bond on Forgery Count Rapid City, to furnish $25,000 bond covering three charges forgery, former cashier the Bank of Wasta, committed jail Saturday for circuit court action after waiving preliminary hearing Friday. Aos arrested after the state banking department announced had found fictitious notes among collateral of the Pennington County bank here. He was blamed for the closing of both banks and at liberty under bond forgery charge when were discovered the Pennington County bank. four notes specifimentioned total about Ruden, state banks, has said notes aggregating $100,000 had been exchanged to Pennington County bank for rediscounts.