gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7b3bdfb00b1db083
Response Measures
None
Description
Public examiner applied to pay dividends in May 1913, indicating liquidation rather than reopening.
Events (3)
1.January 23, 1913Suspension
Cause
Bank Specific Adverse Info
Cause Details
Temporary embarrassment of funds leading to suspension; state bank examiner took charge.
Newspaper Excerpt
The Farmers State Bank of Winner closed its door Wednesday morning and suspended business.
Source
newspapers
2.January 31, 1913Receivership
Newspaper Excerpt
The state bank examiner arrived this morning and has taken charge of the institution.
Source
newspapers
3.May 8, 1913Other
Newspaper Excerpt
Public examiner has made application to the court for an order to pay the first dividend of 25 per cent to the creditors of the Farmers State bank at Winner, which was suspended on January 23.
Source
newspapers
Newspaper Articles (5)
1.January 31, 1913The Mellette County PioneerWhite River, Wood, SD
Click image to open full size in new tab
Article Text
Winner Has A Bank Failure. The Farmers State Bank of Winner closed its door Wednesday morning and suspended business. The state bank examiner arrived this morning and has taken charge of the institution. Just the exact condition of the affairs of the bank, we have been unable to learn, but the indications are that it is a temporary embarrassment of funds and that the depositors will be paid in full. There is some rumor afloat that the Lamro State Bank will take over the business of said bank. - Winner Advocate.
2.January 31, 1913The Mellette County PioneerWhite River, Wood, SD
Click image to open full size in new tab
Article Text
Winner Has A Bank Failure. The Farmers State Bank of Winner closed its door Wednesday morning and suspended business. The state bank examiner arrived this morning and has taken charge of the institution. Just the exact condition of the affairs of the bank, we have been unable to learn, but the indications are that it is a temporary embarrassment of funds and that the depositors will be paid in full. There is some rumor afloat that the Lamro State Bank will take over the business of said bank. - Winner Advocate.
3.January 31, 1913The Mellette County PioneerWhite River, Wood, SD
Click image to open full size in new tab
Article Text
Winner Has A Bank Failure. The Farmers State Bank of Winner closed its door Wednesday morning and suspended business. The state bank examiner arrived this morning and has taken charge of the institution. Just the exact condition of the affairs of the bank, we have been unable to learn, but the indications are that it is a temporary embarrassment of funds and that the depositors will be paid in full. There is some rumor afloat that the Lamro State Bank will take over the business of said bank. - Winner Advocate.
4.May 8, 1913The Miller PressMiller, SD
Click image to open full size in new tab
Article Text
Defunct Banks Will Pay Dividends. Mitchell.-The public examiner has made application to the court for an order to pay the first dividend of 25 per cent to the creditors of the Farmers State bank at Winner, which was suspended on January 23. The examiner in charge of the bank at the present time is Robert Muckler. The application was made before Judge William Williamson, of the Eleventh district. The department of banking has just completed a second dividend to the credit of the Henderson State bank, at Wesington, which was suspended about a year ago. To date dividends amounting to 75 per cent of the deposit liability has been paid. The prospects are that this bank will pay out in full.
5.May 9, 1913The Herald-AdvanceMilbank, SD
Click image to open full size in new tab
Article Text
Defunct Banks Will Pay Dividends. Mitchell.-The public examiner has made application to the court for an order to pay the first dividend of 25 per cent to the creditors of the Farmers State bank at Winner, which was suspended on January 23. The examiner in charge of the bank at the present time is Robert Muckler. The application was made before Judge William Williamson, of the Eleventh district. The department of banking has just completed a second dividend to the credit of the Henderson State bank. at Wesington, which was suspended about a year ago. To date dividends amounting to 75 per cent of the deposit liability has been paid. The prospects are that this bank will pay out in full.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
