Article Text
DAKOTA BANK TAKEN OVER.
Wessington Springs, S. D., March 7.—The Wessington Springs State bank was placed under the direction of the state banking department Friday. Recent heavy withdrawals are said to be responsible.
Wessington Springs State Bank (Wessington Springs, SD)
Episode Information
- Episode Type
- Run → Suspension → Unsure
- Start Date
- March 7, 1924
- Location
- Wessington Springs, South Dakota (44.079, -98.570)
- Bank Type
- state
Metadata
Notes
Placed under state banking department on March 7 after heavy withdrawals; outcome (reopening or permanent closure) not specified.
Events (2)
1.
March 7, 1924
Run
- Cause Details
- Heavy withdrawals triggered a run; no specific trigger (rumor or bank-specific facts) given.
- Newspaper Excerpt
- Recent heavy withdrawals are said to be responsible.
- Source
- newspapers
2.
March 7, 1924
Suspension
- Cause
- Government Action
- Cause Details
- State banking department took the bank under its direction following heavy withdrawals.
- Newspaper Excerpt
- The Wessington Springs State bank was placed under the direction of the state banking department Friday.
- Source
- newspapers
Newspaper Articles (1)
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