8404. Farmers & Merchants State Bank (Cokato, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 11, 1926
Location
Cokato, Minnesota (45.076, -94.190)

Metadata

Model
gpt-5-mini
Short Digest
ab9ac6a3b945649b

Response Measures

None

Description

Article (dated March 11, 1926) reports the Farmers' and Merchants' State Bank in Cokato, MN was closed by bank examiners due to depleted reserves. No run is mentioned; closure appears to be by regulatory action and described as a suspension that hits local farmers. Deposits about $500,000.

Events (1)
1. March 11, 1926 Suspension
Cause
Government Action
Cause Details
Closed by bank examiners due to depleted reserves; deposits about $500,000.
Newspaper Excerpt
The Farmers' and Merchants' State Bank here was closed today by bank examiners. Depleted reserves are assigned as the cause.
Source
newspapers

Newspaper Articles (2)
1. March 13, 1926 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, March 13, 1926

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Article Text

Bank in Minnesota Closes; Farmers Hit COKATO, Minn., March 11. - The Farmers' and Merchants' State Bank here was closed today by bank examiners. Depleted reserves are assigned as the cause. The bank had deposits of about $500,000. Cokase is the center of a farming district and the bank's suspension has hit many farmers of the section.

2. March 13, 1926 The Daily Worker Chicago, IL
Article from The Daily Worker, March 13, 1926

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Article Text

Bank in Minnesota Closes; Farmers Hit COKATO, Minn., March 11. The Farmers' and Merchants' State Bank here was closed today by bank examiners. Depleted reserves are assigned as the cause. The bank had deposits of about $500,000. Cokase is the center of a farming district and the bank's suspension has hit many farmers of the section.