Farmers State Bank (Rosewood, MN)

Episode Information

Episode UID
75147271491
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7514727 routing
Routing Number
75-1472
Start Date
March 25, 1924
Location
Rosewood, Minnesota (48.189, -96.290)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d56b6ee686ac54d9

Response Measures

None

Events (1)
1. March 25, 1924 Suspension
Cause
Correspondent
Cause Details
Closed because it was connected with the Merchants' National Bank of Crookston which had closed, prompting state superintendent to close related institutions
Newspaper Excerpt
Two more state banks connected with the Merchants' National Bank of Crookston ... were closed yesterday, A. J. Viegel, state superintendent of banks, announced. The institutions were the Farmers' State Bank of Rosewood
Source
newspapers

Newspaper Articles (2)
1. March 25, 1924 Evening Star Washington, DC
Article from Evening Star, March 25, 1924

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Article Text

2 MORE STATE BANKS IN MINNESOTA CLOSE Rosewood and Twin Valley Institution Suspend Operations, Official Says. By the Associated Press. ST. PAUL, Minn., March 25.-Two more state banks connected with the Merchants' National Bank of Crookston, which closed Saturday, were closed yesterday, A. J. Viegel, state superintendent of banks, announced. The institutions were the Farmers' State Bank of Rosewood, with a capital of $10,500 and deposits aggregatng $22,000, and the Securities State Bank of Twin Valley, which had a capital of $20,000. and deposits aggregating $250,000.

2. March 26, 1924 The Register-Guard Eugene, OR
Article from The Register-Guard, March 26, 1924

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Article Text

TWO BANKS ARE CLOSED STATE INSTITUTIONS ARE INVOLVED IN TROUBLE ST. PAUL, Minn., March 24.—Two more state banks connected with the Merchants' National bank of Crookston, which closed Saturday, were closed today, A. J. Veigel, state superintendent of banks, announced tonight. The Farmers' State bank of Rosewood, with a capital of $10,000 and deposits aggregating $51,000, and the Securities State bank of Twin Valley, which had a capi-