Fall River County Bank - Edgemont, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 13, 1931
Location: Edgemont, South Dakota (43.301, -103.825)

Metadata

Model: gpt-5-mini
Short Digest: 4876742f

Response Measures

None

Description

Article states the bank suspended and has been placed in liquidation in the hands of the state banking [officials] and explicitly says there had been no run on the bank. Cause cited is difficulty collecting overdue loans and ordinary withdrawals. Classified as a suspension leading to closure/receivership.

Events (2)

1. January 13, 1931 Receivership

Newspaper Excerpt: suspended and has been placed liquidation in the hands of the state banking Officials of the bank said there had been no run on the bank, but that withdrawals ... made the closing only fair thing for the depositors.
Source: newspapers

2. January 13, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Trouble collecting overdue loans and ordinary withdrawals made closing necessary; no run reported.
Newspaper Excerpt: that the Fall River County bank here had suspended and has been placed liquidation in the hands of the state banking
Source: newspapers

Newspaper Articles (1)

1. January 13, 1931 Rapid City Journal Rapid City, SD

Article from Rapid City Journal, January 13, 1931

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Article Text

Bank At Edgemont Suspends Operations Edgemont Jan Lack of rain and crops west part of this county last by the that the Fall River County bank here had suspended and has been placed liquidation in the hands of the state banking Officials of the bank said there had been no run on the bank, but that withdrawals in the ordinary course of business, couples with trouble in collecting overdue loans, made the closing only fair thing for the depositors. Conditions in the rest of Fall Rivcounty were not affected