9531. 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
9ca5ee2f

Response Measures

None

Description

Article (Mar 11, 1926) reports the Farmers' and Merchants' State Bank of Cokato was closed by bank examiners due to depleted reserves. No run is mentioned and no reopening is reported. OCR in the article shows 'Cokase' which was corrected to 'Cokato'.

Events (1)
1. March 11, 1926 Suspension
Cause
Government Action
Cause Details
Closed by bank examiners because of depleted reserves
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.