Farmers State Bank - Canistota, SD

Episode Information

Episode Type: Suspension → Closure
Start Date: September 18, 1926
Location: Canistota, South Dakota (43.598, -97.291)
Bank Type: state
Routing Number: 78-0331
Canonical name: Canistota State Bank
Alt. names: Farmers State Bank

Metadata

Episode ID
Bank ID
City ID: 461254224

Model: gpt-5-mini
Short Digest

Events (1)

1. September 18, 1926 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had been reorganized recently; directors reduced loans and deposits shortfall made closing necessary.
Newspaper Excerpt: the Canistota State has suspended ments. The bank was reorganized some weeks ago and since that time the rectors have reduced loans more than of deposits exceeded this amount, making the closing of the bank necessary.
Source: newspapers

Newspaper Articles (1)

1. September 18, 1926 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, September 18, 1926

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Article Text

posits during recent days. the Canistota State has suspended ments. The bank was reorganized some weeks ago and since that time the rectors have reduced loans more than of deposits exceeded this amount, making the closing of the bank necessary.

STOCKMAN SHIPS 34 CARS OF CATTLE Sept. The record shipment cattle from this point for present season curred when local buyer shipped cars eastern markets. Stockmen in the range country north here that there is plenty water and feed in that vicinity that crops going be good. They estimate that the general average will be bushels to acre.

Episode Information

Metadata

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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