gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
df81eaca4f7d4a12
Response Measures
None
Events (2)
1.May 12, 1924Run
Cause
Local Banks
Cause Details
Large withdrawals depleted reserves amid recent local bank closings and city-wide cash panic.
Measures
No specific measures reported to stem withdrawals prior to suspension.
Newspaper Excerpt
the suspension was made necessary by depleted reserves caused by withdrawals.
Source
newspapers
2.May 12, 1924Suspension
Cause
Local Banks
Cause Details
Suspension followed depleted reserves caused by heavy withdrawals in the local banking crisis.
Newspaper Excerpt
The Dakota Trust & Savings Bank ... suspended business today and was placed in the hands of the state superintendent of banking.
Source
newspapers
Newspaper Articles (12)
1.May 12, 1924The Buffalo CommercialBuffalo, NY
Click image to open full size in new tab
Article Text
SIOUX FALLS BANK SUSPENDS BUSINESS
SIOUX FALLS, S. D., May 12.βThe Dakota Trust & Savings Bank of Sioux Falls, a state bank, suspended business today and was placed in the hands of the state superintendent of banking.
The bank's statement for April showed deposits of $1,048,000, a decrease of $112,000 over December.
2.May 12, 1924New Britain HeraldNew Britain, CT
Click image to open full size in new tab
Article Text
S. D. BANK CLOSES Sioux Falls, 8. D., May 12. - The Dakota Trust and Savings Bank of Sioux Falls a state bank, suspended business today and was placed in the hands of the state superintendent of banking. The bank's statement for April showed deposits of $1,048,000, a decrease of $112,000 over December.
3.May 12, 1924The Andalusia Star-NewsAndalusia, AL
Click image to open full size in new tab
Article Text
Big Bank Suspended
(By Associated Press.)
SIOUX FALLS, S. Dak., May 12βThe Dakota Trust and Savings Bank is suspended, officials intimating that suspension was made by the depleted reserves caused by withdrawals. Deposits were more than a million.
4.May 12, 1924The Gadsden TimesGadsden, AL
Click image to open full size in new tab
Article Text
BANK SUSPENDS
By Associated Press
Sioux Falls, S. D., May 12.βThe Dakota Trust and Savings Bank here suspended, officials intimating that the suspension was made necessary by depleted reserves caused by withdrawals. The deposits are more than a million.
5.May 12, 1924The Dothan EagleDothan, AL
Click image to open full size in new tab
Article Text
ANOTHER BANK FAILS
(By Associated Press)
Sioux Falls, S. D., May 12.βThe Dakota Trust and Savings Bank has suspended, officials intimation that the suspension was made by depleted reserves caused by withdrawals. The bank had deposits of more than a million.
DAKOTA BANK CLOSED.
Sioux Falls, S. D., May 12.βThe Dakota Trust and Savings Bank of Sioux Falls, a state bank, suspended business to-day, and was placed in the hands of the State Superintendent of Banking.
DAKOTA BANK CLOSED.
Sioux Falls, S. D., May 12.βThe Dakota Trust and Savings Bank of Sioux Falls, a state bank, suspended business to-day, and was placed in the hands of the State Superintendent of Banking.
8.May 13, 1924The Springfield Daily RepublicanSpringfield, MA
Click image to open full size in new tab
Article Text
SIOUX FALLS (S. D.) BANK GOES INTO STATE'S HANDS
Sioux Falls, S. D., May 12βThe Dakota Trust and Savings bank of Sioux Falls, a state bank, suspended business today and was placed in the hands of the state superintendent of banking. No reason was given for the closing in a statement posted on the door, but many officials intimated that the suspension was made necessary by depleted reserves, caused by withdrawals.
The bank's statement for April showed deposits of $1,048,000, a decrease of $112,000 over December.
9.May 13, 1924Record-JournalMeriden, CT
Click image to open full size in new tab
Article Text
Dakota Bank Suspends.
Sioux Falls, S. D., May 12.βThe Dakota Trust and Savings bank of Sioux Falls, a state bank, suspended business today and was placed in the hands of the state superintendent of banking.
The bank's statement for April showed deposits of $1,048,000, a decrease of $112,000 over December.
10.May 13, 1924Brooklyn EagleBrooklyn, NY
Click image to open full size in new tab
Article Text
Sioux Falls, S. D., May 13βThe Dakota Trust and Savings Bank of Sioux Falls, a State bank, suspended yesterday, and was placed in the hands of the State Superintendent of Banking.
11.May 13, 1924Riverside Daily PressRiverside, CA
Click image to open full size in new tab
Article Text
Serious Bank Crisis In South Dakota
SIOUX FALLS, S. D., May 14. A million dollars in cash was rushed into Sioux Falls by the Federal Reserve bank today to save the city's three remaining banks, while the grand jury investigates the closing of five others within the past few months.
The Dakota Trust and Savings bank locked its doors yesterday.
12.May 19, 1924The Daily WorkerNew York, Chicago, NY
Click image to open full size in new tab
Article Text
Another Bank Busted. SIOUX FALLS, S. D., May 18.Another state bank has fooled the workers and farmers who had deposits in its keeping. The Dakota Trust and Savings Bank of this city suspended business and was placed in the hands of the state superintendent of banking. No definite reason for failure was made public, altho it is intimated by officials, that withdrawals during the last six weeks had depleted reserves. Boost The DAILY WORKER. If you are a worker, it is your paper.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.