First National Bank (Faulkton, SD)

View Charter #10961 on SPMC View balance sheet

Episode Information

Episode UID
1096101595
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
109610 national
Charter Number
10961
Start Date
November 22, 1932
Location
Faulkton, South Dakota (45.035, -99.124)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f86f4cb235571394

Response Measures

None

Receivership Details

Depositor recovery rate
65.7%
Date receivership started
1932-12-08
Date receivership terminated
1937-06-30
Share of assets assessed as good
39.7%
Share of assets assessed as doubtful
53.0%
Share of assets assessed as worthless
7.3%

Description

Known receivership date (1932-12-08) indicates permanent closure after the suspension.

Events (4)
1. March 9, 1917 Chartered
Source
historical_nic
2. November 22, 1932 Suspension
Cause Details
Article lists the bank among national banks 'suspending' reported to the Comptroller; no specific cause given.
Newspaper Excerpt
Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.
Source
newspapers
3. December 8, 1932 Receivership
Source
historical_nic
4. December 8, 1932 Receivership
Source
newspapers

Newspaper Articles (3)
1. December 9, 1932 The Producers News Plentywood, MT
Article from The Producers News, December 9, 1932

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Article Text

New Bank Suspensions Nebraska: George W. Woods, Bank Commissioner, has announced: Bank of Raymond, Raymond, closed. South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed. National banks suspending Nov. 18, as re- ported to the Comptroller of the Currency and made public Nov. 18, were: National banks suspending Nov .14, as reported to the Comptroller of the Currency and made public Nov. 14 were: Shawnee National Bank, Shawnee, Okla.; resources, $2,359,264; First National Bank of Allen, Okla., resources $119,771; First National Bank of McLoud, Okla.; resources, $130,272; Park National Bank of Sulphur, Okla.; resources, $213,651. Diamond National Bank of Pittsburgh, Pa.,; resources, $15,849,950. United States National Bank and Trust Co4 of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, 111., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.

2. December 9, 1932 The Producers News Plentywood, MT

Article Text

New Bank Suspensions Nebraska: George W. Woods, Bank Commissioner, has announced: Bank of Raymond, Raymond, closed. South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed. National banks suspending Nov. 18, as reported to the Comptroller of the Currency and made public Nov. 18, were: National banks suspending Nov. 14, as reported to the Comptroller of the Currency and made public Nov. 14 were: Shawnee National Bank, Shawnee, Okla.; resources, $2,359,264; First National Bank of Allen, Okla., resources $119,771; First National Bank of McLoud, Okla.; resources, $130,272; Park National Bank of Sulphur, Okla.; resources, $213,651. Diamond National Bank of Pittsburgh, Pa.; resources, $15,849,950. United States National Bank and Trust Co. of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, Ill., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.

3. December 9, 1932 The Producers News Plentywood, MT

Article Text

Diamond National Bank of Pittsburgh, Pa.; resources, $15,849,950. United States National Bank and Trust Co. of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, Ill., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.