The Farmers' and Merchants' bank of Huron has been closed by the state banking department.
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newspapers
same day
2.November 20, 1925Receivership
Newspaper Excerpt
The Farmers' and Merchants' bank of Huron has been closed by the state banking department.
Source
newspapers
Newspaper Articles (1)
1.November 20, 1925The Hill County Sunday JournalHavre, MT
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Article Text
Huron, S. D.-The Farmers' and Merchants' bank of Huron has been closed by the state banking depart ment. Last statement showed deposits of $340,000. This is the fourth Huron bank to close, leaving but one bank
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.