Farmers State Bank - Morristown, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 19, 1928
Location: Morristown, Minnesota (44.227, -93.445)

Metadata

Model: gpt-5-mini
Short Digest: 77a49639

Response Measures

None

Description

OCR errors in article corrected (MorrisHauling town -> Morristown). Article reports the Farmers State Bank at Morristown was closed and a receiver was to take charge. No run or depositors' panic is mentioned. The stated cause is unclear in OCR as 'Trucking depleted reserve' and is recorded under 'other'.

Events (2)

1. January 19, 1928 Receivership

Newspaper Excerpt: The receiver is to take charge bank affairs today.
Source: newspapers

2. January 19, 1928 Suspension

Cause Details: Article states (OCR) 'Trucking depleted reserve' as the cause of closing; text unclear/garbled regarding exact mechanism.
Newspaper Excerpt: STATE BANK AT MORRISTOWN CLOSED The Farmers State Bank at MorrisHauling town was closed last Thursday afternoon following meeting of the direcTeam Work with the state bank examiners. The cause of the closing is given Trucking depleted reserve.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1928 The Hartland Herald Hartland, MN

Article from The Hartland Herald, January 19, 1928

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Article Text

STATE BANK AT MORRISTOWN CLOSED The Farmers State Bank at MorrisHauling town was closed last Thursday afternoon following meeting of the direcTeam Work with the state bank examiners. The cause of the closing is given Trucking depleted reserve. H. D. Kisor was president of the bank and Terry was cashier. This closing is more or amity to that community as many of the people of the village and vicinity Proprietor had deposits in the bank. The receiver is to take charge bank affairs today.