Stockmans Bank (Hot Springs, SD)

Episode Information

Episode UID
78007171500
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7800717 routing
Routing Number
78-0071
Start Date
December 22, 1924
Location
Hot Springs, South Dakota (43.432, -103.474)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9e59e6f3450b57dd

Response Measures

None

Description

Articles state suspension date and later completion of liquidation; cause of suspension not given.

Events (2)

1. December 22, 1924 Suspension
Cause Details
Article states the bank suspended Dec. 22, 1924 but gives no cause.
Newspaper Excerpt
The bank was suspended on December 22, 1924.
Source
newspapers
2. January 12, 1933 Receivership
Newspaper Excerpt
LIQUIDATION COMPLETED ... of the Stockman's Bank, at Hot Springs, has been terminated, and final dividend ... will be paid to deposit creditors. The bank was suspended on December 1924.
Source
newspapers

Newspaper Articles (4)

Article from Rapid City Journal, October 13, 1927

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Article Text

BANK CASES ARE BEING APPEALED peals from decisions of the Unit ed States district court of South Dakota involving transactions closed banks are embodied in briefs just printed here for local attorneys who are carrying the cases to the circuit court of appeals in behalf of the respective defendants One appeal concerns the action Charles Moore against the receiver of the Peoples National bank of Hot Springs in which Moore asked and was granted by district court preference the payment of three cashier's checks drawn on the Stockman's bank Hit Springs and sent the Peoples National for collection. balance in behalf of the latter bank for this and other covered in draft was the Stockmans to the Peoples bank both banks were closed before the draft cleared Moore contended that his claim should be paid full but the of the Peoples bank held that cash was the claim the transaction one The made preferred not be decision in district court for other cases in which The given for the plaindecision lift was that which E. Louise Payne seeks recovery of money paid mortgage in her favor the DeMoulin Loan and Invest ment company of Hot Springs This company deposited the monits general account in the Peoples National bank and when the bank closed the investment company's account was charged against the indebtedness of the company to the bank Mrs. Payne amount due her on that the of the mortgage payment should constitute preferred claim against the bank was resist by the bank's receiver on the grounds that was included in investment company's count. with no information con her claim to any of Both cases involve elements of importance In the preference of claims against banks and the decision of the of will of the court appeals for


Article Text

LIQUIDATION COMPLETED PIERRE, Jan. of the Stockman's Bank, at Hot Springs, has been terminated, and final dividend of cent will be paid to deposit per creditors. today the state banking department. The vidend represents distribution of $10,750. Previous dividends have amounted to 20 per cent. The bank was suspended on December 1924.


Article Text

LIQUIDATION COMPLETED PIERRE, Jan. of the Stockman's Bank, at Hot Springs, has been terminated, and final dividend per cent will be paid to deposit creditors, was announced today the state banking department. The vidend represents distribution of proximately Previous dends have amounted 20 cent. The bank was suspended on December 22, 1924.


Article Text

HOT SPRINGS BANK Pierre, Feb. state banking department announced day that liquidation of the Stockman's bank, Hot Springs, has been completed and final dividend three per cent being paid today. Two previous dividends 10 each been paid. The bank suspended Dec. 22, 1924.