Farmers Savings Bank (Wessington Springs, SD)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
February 5, 1924
Location
Wessington Springs, South Dakota (44.079, -98.570)
Bank Type
savings
Routing Number
78-0651

Metadata

Episode ID
Bank ID
City ID
461258872
Model
gpt-5-mini
Short Digest

Events (2)
1. February 5, 1924 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals (run) precipitated by bad loans to ruined wheat farmers undermining confidence.
Newspaper Excerpt
The Farmers' Savings bank here ... closed its doors today due to a heavy run.
Source
newspapers
2. February 5, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors after a heavy run tied to insolvency concerns from bad farm loans.
Newspaper Excerpt
The Farmers' Savings bank here with deposits of $505,000, failed to open its doors today. The closing of the bank was caused by a heavy run.
Source
newspapers

Newspaper Articles (19)
1. February 5, 1924 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, February 5, 1924

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Article Text

BANK DOORS CLOSED (By Associated Press.) Wessington Springs, S. D. — The Farmers' Savings bank here with deposits of $505,000, failed to open its doors today. The closing of the bank was caused by a heavy run.

2. February 5, 1924 Salt Lake Telegram Salt Lake City, UT
Article from Salt Lake Telegram, February 5, 1924

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Article Text

ANOTHER BANK CLOSES WESSINGTON SPRINGS, S. D., Feb. 5.—The Farmers' Savings bank here with deposits of $505,000, closed its doors today due to a heavy run.

3. February 5, 1924 The Daily Times Davenport, IA
Article from The Daily Times, February 5, 1924

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Article Text

Another South Dakota Bank Closes Its Doors [Associated Press Leased Wire] WESSINGTON SPRINGS, S. D., Feb. 5.—The Farmers' Savings bank here, with deposits of $505,000, failed to open its doors today. The closing of the bank was caused by a heavy run.

4. February 5, 1924 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, February 5, 1924

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Article Text

ANOTHER BANK IN DAKOTA IS LOCKED Wessington Springs, S. D., Feb. 5.—The Farmers Savings bank here, with deposits of $505,000, failed to open its doors today. The closing of the bank was caused by a heavy run.

5. February 5, 1924 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, February 5, 1924

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Article Text

BANK DOORS CLOSED Wessington Springs, S. D., Feb. 5—The Farmers Savings Bank here, with deposits of $505,000 failed to open its doors today. The closing of the bank was caused by a heavy run.

6. February 5, 1924 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, February 5, 1924

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Article Text

Run On S. Dakota Bank Forces Close WESSINGTON SPRINGS, S. D., Feb. 5.—The Farmers Savings Bank here, with deposits of $505,000 closed its doors today due to a heavy run.

7. February 5, 1924 The Bellingham Herald Bellingham, WA
Article from The Bellingham Herald, February 5, 1924

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Article Text

Dakota Bank Closes. WESSINGTON SPRINGS, S. D., Feb. 5.—(AP)—The Farmers' Savings bank here with deposits of $505,000, closed its doors today, due to a heavy run.

8. February 5, 1924 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, February 5, 1924

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Article Text

SOUTH DAKOTA BANK CLOSES Wessington Springs, S. D., Feb. 5.—The Farmers Savings bank here, with deposits of $505,000, failed to open its doors today. The closing of the bank was said to have been caused by a heavy run.

9. February 5, 1924 The Missoula Sentinel Missoula, MT
Article from The Missoula Sentinel, February 5, 1924

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Article Text

SOUTH DAKOTA BANK CLOSES. By the Associated Press. Wessington Springs, S. D., Feb. 5.—The Farmers' Savings bank here with deposits of $505,000 closed its doors today due to a heavy run.

10. February 6, 1924 The Daily Worker Chicago, IL
Article from The Daily Worker, February 6, 1924

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Article Text

S. D. Bank Fails. ESSINGTON SPRINGS, S. D.—Bad loans of ruined wheat farmers caused the crashing of the Farmers' Savings Bank here, with deposits of $505,000. The bank closed its doors when a heavy run began.

11. February 6, 1924 Iowa City Press-Citizen Iowa City, IA
Article from Iowa City Press-Citizen, February 6, 1924

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Article Text

S. D. BANK CLOSES WESSINGTON SPRINGS, S. D., Feb. 5—(By Radio)—The Farmers Savings bank here, with deposits of more than a half million dollars, closed its doors today due to a heavy run.

12. February 6, 1924 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, February 6, 1924

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Article Text

S. D. Bank Fails. ESSINGTON SPRINGS, S. D.— Bad loans of ruined wheat farmers caused the crashing of the Farmers' Savings Bank here, with deposits of $505,000. The bank closed its doors when a heavy run began.

13. February 6, 1924 Stevens Point Journal Stevens Point, WI
Article from Stevens Point Journal, February 6, 1924

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Article Text

DAKOTA BANK FAILS Wessington Springs, S. D., Feb. 6—The Farmers Savings bank here, with deposits of $505,000, closed its doors yesterday after a heavy run.

14. February 6, 1924 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, February 6, 1924

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Article Text

BANK CLOSES DOORS. WESSINGTON SPRINGS, S. D., Feb. 5—The Farmers' Savings bank here, with deposits of $505,000, closed its doors today due to a heavy run.

15. February 6, 1924 Kenosha News Kenosha, WI
Article from Kenosha News, February 6, 1924

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Article Text

ANOTHER BANK CLOSED. (By Associated Press Leased Wire) Wessington Springs, S. D. — The Farmers Savings bank here, with deposits of $505,000 closed its doors today due to a heavy run.

16. February 6, 1924 Los Angeles Evening Citizen News Hollywood, CA
Article from Los Angeles Evening Citizen News, February 6, 1924

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Article Text

BANK IS CLOSED WESSINGTON SPRINGS, S. D., Feb. 6.—The Farmers Savings Bank here, with deposits of $505,000 closed its doors yesterday due to a heavy run.

17. February 6, 1924 Lead Daily Call Lead, SD
Article from Lead Daily Call, February 6, 1924

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Article Text

WESSINGTON BANK CLOSED WESSINGTON SPRINGS, S. D. Feb. 6.—The Farmers Savings bank with deposits of $505,000 was closed yesterday, caused by a heavy run

18. February 6, 1924 Miles City Star Miles City, MT
Article from Miles City Star, February 6, 1924

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Article Text

SOUTH DAKOTA BANK FAILS Wessington Springs, S. D., Feb. 5.—The Farmers Savings bank here, with deposits of $505,000, closed its doors today due to a heavy run.

19. February 7, 1924 The Daily Deadwood Pioneer-Times Deadwood, SD
Article from The Daily Deadwood Pioneer-Times, February 7, 1924

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Article Text

FARMERS SAVINGS BANK AT WESSINGTON IS CLOSED WESSINGTON SPRINGS, S. D., Feb. 6—The Farmers Savings bank, with deposits of $505,000 was closed yesterday, caused by a heavy run.