Farmers State Bank (Bancroft, SD)

Episode Information

Episode UID
78070471572
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7807047 routing
Routing Number
78-0704
Start Date
December 30, 1930
Location
Bancroft, South Dakota (44.488, -97.750)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5297acd2ae590072

Response Measures

None

Description

Bank suspended 1930 and remained closed with dividends paid by state banking department.

Events (2)
1. December 30, 1930 Suspension
Cause Details
Article states suspension date but gives no cause.
Newspaper Excerpt
The bank suspended Dec. 30, 1930.
Source
newspapers
2. March 20, 1933 Receivership
Newspaper Excerpt
Payment of second dividend of five per cent ... to creditors of the closed Farmers State bank of Bancroft was announced today by the South Dakota banking department.
Source
newspapers

Newspaper Articles (2)
1. March 20, 1933 The Daily Plainsman Huron, SD
Article from The Daily Plainsman, March 20, 1933

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Article Text

SECOND DIVIDEND PIERRE, Mar. 20(P)-Payment of second dividend of five per cent or about $2,500 to creditors of the closed Farmers State bank of Bancroft was announced today by the South Dakota banking department. A 10 per cent dividend was paid previously. The bank suspended Dec. 30, 1930.

2. March 20, 1933 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, March 20, 1933

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Article Text

PAY AT BANCROFT Pierre, second dividend about $2,500 creditors cent closed Farmers State bank Bancroft announced today the South Dakota banking cent dividend partment. per paid previously. The bank pended Dec. TALKS OF FISH Cheyenne, Wyo., Mar. he stepped from train into brisk Wyoming March weather, former President Herbert Hoover talked readily about fishing. would not discuss politics.