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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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STANDARD FORM No. 14A
APPROVED BY THE PRESIDENT
MARCH 10, 1926
TELEGRAM
FEDERAL DEPOSIT
INSURANCE CORPORATION
WASHINGTON
CHARGE SALARIES AND EXPENSES
FEDERAL DEPOSIT INSURANCE CORPORATION
OFFICIAL BUSINESS-GOVERNMENT RATES
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(The appropriation from which payable must be stated on above line)
to 8 GOV.:10016NT IM.NTIMI 01/71011
2--18175
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Federal Reserve Bank of St. Louis
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SOUTH DAKOTA - Banks failed while guaranty
law was in effect
1916-1927
Data from Biennial Reports of Superintende
nt of Banks, or computed
Location
.
Name
1916 Oacoma
Citizens State Bank
1919 Pukwana
rukwana State Bank
1n20 Scotland
Bon Homme County Bank
Percentage
dividend paid
creditors 1/
,/- 2:5() t;-/ -(//
Amount
dividends
paid credittors 1/
:•• ;I- 2 ‘,1
,
• -J
Preferred
claims
paid 1/
cut
)4 1
•
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and redisReport - year
counts paid 1/ and Page
•
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Peoples State Bank
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•
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Marvin State Bank
•
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•
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V
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Winfred
t!,-
•
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Bank of Bowdle
I
z.; I
-
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70
Stockgrowers State Bank
Ma l'iState Bank of
i%
Tripp State Bank
f
•-?
•-•-•
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0-1171
Li
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,
7 .44-44
7
q
State Bank of Winfred
.Bushnell /,
i•
•.
•
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244
•
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Garden Cityi
,
Bonesteel
Roswell
State Bank of Roswell
Fort Pierre,
Stockgrowers Bank
Loyalton
Atti,•„, .14 a--13
• 1..te-ii-4
•
4.
4164,
,1
/4,4'4
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•
•
5
rf
•
7
Farmers Savings Bank
•IBairfax
Preston'
ji
VVienna
Gregory County State Bank
Bank of Lake Preston
First State Bank
Farmers Home Bank
/Lily
,
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-I 211 2.7
;
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First State Bank
• Garretson
Minnehaha State Bank
VRapid City
Citizens Bank & Trust Co.
VVerdon
Farmers & M. State Bank
Ireever
-V Cottonwood
✓ Fruitdale
b
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61
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Farmers Security Bank
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Cottonwood State Bank
t
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Fruitdale State Bank
VBelle Fourche
• Bradley
.
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Bank of Herrick
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First State Bank
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Bonesteel State Bank
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• Garden City State Bank
Belle Fourche State Bank
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Peoples State Bank
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First State Bank
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Ethan State Bank
Unityville
Farmers State Bank
Vebltn
Farmers State Bank
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SOUTH DAKOTA - Banks failed while guaranty law was in effect - continued - page 2
1916-1927
Data from Biennial Reports of Superintendent -of Banks, or computed
Name
Location
Amount dividends paid
/,
creditors
kmaexximi
Reliance Savings Bank
1923 Aeliance
s7 Hurley
v Andover
Percentage
dividend paid
creditors
r• 7
Bank of Hurley
,
,
(Edgemont
!'S
State Bank of Andover
Stockgrowers State Bank
V Dempster
Dempster State Bank
Lemmon
First State Bank
Draper
Live Stock Bank
V Philip
)
•
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Todd County State Bank
v Parker
Citizens Bank
State Bank of Oelrichs
Revillo
First State Bank
1924 J Raymond
;
,
Oelrichs
I
/ /
'/7
Bennett County Bank
4 Huron
James Valley Bank
A
Ellis,-.
State Bank Of Ellis
"Sisseton
Guaranty State Bank
V Sioux FLI's
V,Lake Norden
Sioux Falls Trust & Savings
Bank
Security State Bank
1 Sioux Falls
International State Bank
Revillo
Western State Bank
V Watertown'
State Bank & Trust Company
si Redfield
Merchant's Bank
v.St. Lawrence
Farmers State Bank
v Presho
First State Bank
Ni Sioux 'Falls
Commercial & Savings Bank
.1 Humboldt,
Farmers Bank
v!Alexandriq
Farmers & Merchants State
Bank
Citizens State Bank
N/ Oldham )
Dakota State Bank
vFarmer
2
7.2q,
,
Lief /
797, 76,
,
7 •
State Bank of Cuthbert
"Fairburn'i
Ranchman's State Bank
V' Rapid City
Security Savings Bank
%awns'
I 39 (/
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'1'1- - ''5-'
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Bank of Brookings
liBushnellr •
Bushnell State Bank
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Y/Brookings
Parker
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Farmers State Bank
. •
Wessington Springs Farmers Savings Bank
, Black Hills Trust &
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Security State Bank
I '10'2.
9 Li
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Strandburg
,
1 "I
Bank of Revillo
v/ Mt. Vernon
)/ Lowry
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Raymond State Bank
V Martin
' Deadwood
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First State Bank
N.' Mission
.v/ Cuthbert
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Bank of Edzemont
V Timber Lake'
4
Bilimcpsyxkla
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Bills payable Biennial Reclaims paid and redisport - year
counts paid
and page
Farmers State Bank
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
SOUTH DAKOTA
Banks failed while guaranty law was in effect - continued - page 3
1916-1927
Name
Location
Preferred
claims paid
Percentage
Amount dividividend paid dends paid
creditors
creditors
Bills payable Biennial Reand redisport - year
counts paid
and page
••;7,5.
1/
Fulton
1924
lpresho
Bank of Davis
'Isabel
Citizens State Bank
Lane
;
,
tr / 7 36 .
•'
< ;•
:' • tS
'
Commercial & Savings Bank
'' Herrick '
f.;,I -
2
Farmers State Bank
Kimball;
•
7
• /
-
;
First State Bank
'Chester
Farmers State Bank
JPeever
First State Bank
siBroadland
Broadland State Bank
Emery
-
•
Presho State Bank
"Davis
6
•
.2.
Farmers State Bank
Farmers Bank
v'Elkton,
•• •
•
2'; '2.- 4
First State Bank
7(11
r•
Bank of Dallas
vtarkston
American State Bank
Eden
Emery
`3`.1
)0
Eden State Bank
VWanka:
,
I
tt
,
Owanka State Bank
•
Emery state Bank
;• Iroquois'
'2 v
1 ,-!1f( Egan
Farmers & Merchants Bank
Security State Bank
uSalem
Commercial State Bank
YLetcher
Citizens Bank
INisland
Farmers State Bank
Fulton
I
!
5-8 C. I?
- 7'
First State Bank
(Highmore / •
Hyde County State Bank
VScotland
P6 13j/•2'?
Woonsocket State Bank
'
'-
3
Security State Bank
-/ Montrose
Security State Bank
V Mitchell
O.L. Branson & Company
0 5 '11.
*44"11
Trent State Bank
Marion
Marion State Bank
Hosmer
'Hosmer State Bank
/45&pringfi:eld
Colton State Bank
Kadoka
Farmers State Bank
Ai
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Hamlin County State Bank
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Bank of Springfield
Colton
V/Ha
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Bank of Hartford
, Trent
f
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State Bank of Humboldt
Farmer Security State Bank
'
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V Harrisburg
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•
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- Bank of Buffalo County
'/Wessington Springs Wessington Springs State
Bank
Sioux Falls
Dakota Trust & Savings Bank
Hartford
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Kaylor State Bank
Artesian/
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State Bank of Scotland
v Woonsocket
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Federal Reserve Bank of St. Louis
SOUTH DAKOTA - Banks failed while guaranty law was in effect continued - page
1916-1927
4
a
Location
Name
1924 "
Hamill
;'-4-
Burke
American State Bank /-
Reliance
Farmers State Bank
Alpena
Alpena State Bank
Farmers Savings Bank
vBruce
Farmers State Bank
-/ Hammer ,
Farmers State Bank
Sorum
First State Bank
Lake Andes
County Seat State Bank
,
Boveel
.••••
State Bank of Turton
Interior
State Bank of Interior
V Newark
Citizens State Bank
1L
,
„
I
/1/L-27.-alt•-•
Dakota State Bank
jq
s Argonne
,
‘i Winner
Winner State Bank
Live Stock Exchange Bank
%/Canova
v
•. ,
Farmers & Merchants B qk
"
'18/1
1.!
Ardmore State Bank
;
7
1525
2te..
,/71"--—; '7
!; 49,Hartford,
Savings Bank of Hartford
Citizens State Bank
•2 /-1 -.?73
Citizens State Bank
,TAilare
Osceola ;
Guaranty State Bank
"Chance
Perkins County,Bank
IVilas
Vilas State Bank
Bison
Farmers State Bank
11 A
4 Chester
%/Agar
r
Chester State Bank
!
Citizens State 11,.nk
.First State Bank
Meadow
' Meadow State Bank
v Tyndall
Security Bank of Tyndall
./Mina
Farmers State Bank
VBrookings.
Midland State Bank
=-7 Centerville-,
../
Dakota State Bank
Timber Lake/
-;
;
Lf:
7/')
0
Wagner State Bank
VDante
Security State Bank
IFolome
31-Metallic Bank
4Northvi11e
Northville State Bank
''Big Stone City
Big Stone City State Bank
Albee State Bank
Atlas State Bank
,
i; "7.
39 3 ()
9.0
Bank of Centerville('
vWagner,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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•••••••••••••••••••••=1••••=111.11•111%.
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Politten -
/9
Stockmans Bank
' (Hot Springs
1.
1Ardmore Y)ii
'
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o
'Farmers Savings Bank
✓ Newell
Salem
o
Security State Bank
.
• Gann Valley.
.14
6,
r
First State Bank
/Roswell
,
Bills payable Biennial Report - year
and redisand page
counts paid
(
Bank of Bovee
Turton
VZe11
Preferred
claims paid
Hamill State Bank
/Tabor
V
Percentage
Amount dividividend paid dends paid
creditors
creditors
:
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7
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SOUTH DAKOTA - Banks failed while guaranty law was in effect - continued - page
5
1'916-1927
Location
)y.!....,46'1925
Name
Percentage
Amount divi- ,
dividend paid dends paid
creditors
creditors
0
Bills payable Biennial Report - year
and redisand page
couS ts paid
:
First State Bank
Sioux Falls
Preferred
claims paid
• •.
Farmers Savings Bank
'''SherMan
,St. Charles State Bank
•/St. Charles
,/Boonesteel
Citizens State Bank
VTroy
Farmers State Bank
r .••••
:
;
First State Bank
/La Bolt
Bank of Commerce
.
Milbank
VCarter
Carter State Bank
Y Lily
Bank of Lily
'
, vLemmonr
'
Lemon State Bank
Howard
Peoples State Bank
'Cuthbert/
' Cuthbert State Bank
;
41,•.;
-3
Wecota State Bank
Wecota
q
5 :".; •-?
4 De Smet:
,
r
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, American State Bank
I pell Rapids
Granite City Bank
lAshtont
First State Bank
bn.L.11.5' 541 -•!
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192.6
g=4,4;4:
7?-5.73 7t%
4 Athol
Athol State Bank
,
,6111'irst State Pank
'Lake City ,
.
'/Bradley
Farmers & Merchants State
Bank
State Bank of Bradley
vCrandall
Crandall State Bank
'/Crocker
Farmers State Bank
/Bijou
Bank of Bijou Hills
Farmers State Rank
Thunder Hawk
.1 Toronto //,
'
ICrandon
P
Farmers Exchange Bank
• •
State Bank of Crandon
,
White River
Murdo
,
'
e
White River State Bank
- -
Murdo State Bank
White State Bank
VI;Thite
Moody County Bank
\haandreau
Farmers State Bank
/
4Doland
State Bank Of Doland
Aallas
Farmers State Bank
Conde
-.•,4 ,*;
Farmers & Merchants Bank
'Henry
Henry State Bank
'
4 Conde,_.
• ,
Conde Bank
/Henry !;
,
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Citizens State Bank
.6"
Mellette
,
State Bank of Mellette!).1)
• ;-/s/. 7?
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vBarnarcl
First State Bank
vRaymond;
Farmers & Citizens Bank
Ashton
Ashton State Bank
Lumbard State Bank
vPierpont
Farmers State Bank
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Federal Reserve Bank of St. Louis
SOUTH DAKOTA - Banks failed while guaranty law was in effect continued - page
1916-1927
Location
Name
6
Preferred
claims paid
Percentage
Amount divi- ;dividend paid dends paid
creditors
creditors
•
Bills payable Biennial Report - year
and redisand page.
counts paid
1926
'McLaughlin
Avon 7 `'
McLaughlin State Bank
Bank of Avon
-
"Virgil
Virgil State Bank
'.Canton
Lincoln County Bank
Forestburg
Forestburg State Bank
Hillhead
Liberty State Bank
VGroton
Farmers State Bank
-/Lucas
Lucas State Bank
Estelline - -
Estelline State Bank
"Claire City!
Ni Wentworth
_
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,
1
'
FV,
State Bank of Wentworth
State Savings Bank
. Blunt
101 -!20
Claire City Bank
.
Ortley•
;".
g(,,
• 1;
Security State Bank
vCavour
First State Bank
r' „.„:„ 77'
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James Valley Bank
1-8-24
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1
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SOUTH DAKOTA - Banks failed while guaranty law was in effect - continued - pg. 3
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Dept.
Case
No.
Location
Name
, .
,4144 --4r
Date of
closing (FR) 4
11 -
' 4r5A-0-1-71
1924
v/ Fulton
Presho
4-43
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2-16-24'
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3-31-24'
3-31-24'
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Broadland State B
,p,nk
First State Bank
4-5-24
Dallas
Bank of Dallas
4-8-24v'
Owanka
Owanka State Bank
Emery
C 1/33? 4-16-24 V
Emery State Bank
1
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Farmers 8c Merchants Bank
4-21-24/
Salem
Commercial State Bank-3/g :)-'7`C 37 4-24-21V
522
Hyde County State Ban0i-21`21 7.2- 4-29-24 1/
Scotland
State Bank of Scotland
4-30-24
Woonsocket
Woonsocket State Bank33-2)-"W
5-1-24/
Kaylor
Kaylor State Bank
Security State Bank
5-3-24/
"Montrose
Security State Bank
5-3-24 1r
O.L. Branson & Compan
5-3-24/
Bank of Buffalo County
5-5-24-/
t'
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5-12-24'/
Humboldt
State Bank of Humboldt
5-13-24 1/
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5-13-24/
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Marion State Bank
5-15-24'
34145/
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I
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3)1 1? 5-15-24/
/ e‘3 5-15-24'
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13
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1916-1927
Dept.
Case
No.
Location
Name
Date of
closing (FR)
471
C,, CVI
. t/1.1i.t
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Hamill
5-21-2
Hamill State Bank
-2'71'71
41.3'/96i
-93 -2
/ Burke
American State Bank
73
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Farmers State Bank
"
5.-26..24
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Alpena State Bank
5-31-24'
Tabor
Farmers Savings Bank.
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-57,41/
Farmers State Bank
c- -14-24Y
./ Hammer
Farmers State Bank
6-14-24/
/ Lake Andes
First State Bank
Bank of Bovee
,/ Turton
State Bank of Turton
Interior
V
First State Bank
9-11-24 v
/ Roswell
Dakota State Bank
11-12-24
•
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/ Newell
ICJ
Canova
/ Hot Springs
I Ardmore
, Tulare
v Osceola
VI
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/ Vilas
A/4
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1-2-25
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173-25
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1-6-25!"/
Guaranty State Bank
3-14-25 k/
Perkins County Bank
3-18-25 v,
Vilas State Bank
3-20-25 y
Chester State Bank
72.7)
12-30-24 v
Ardmore State Bank
Dakota State Bank
_
12-22-24/
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Salem
(
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T
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5-13-25
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/ Wagner
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v
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Meadow Stdte Bank
7/1
/2'/i )'/
5-18-25
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5-27-25 /
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6-27-25
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13.a.nk of Centerville
9-1-25"
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9-25-25v
Security State Bank
1O-1-25 v
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10-2-25 y
NortlyFid4.rle State Banit'6
10-10-25`'
Bi'rgtone City
Witten
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Meadow
5. 779ci
Live Stock Exchange Bank
Bison
Chester
7".1
23
. -71/
12-6-24 V
Winner State Bank
I -16 3-7 ;S
, Lane
•,T.;
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1925
Hartford
•
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7-9-24
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1-.5 473
3*--.2?,
7-3-24 t'
/ Zell
/ Gann Valley
:3A 6, •,
02,37L3/
5'7 6-30-24
8-20-24 v.
Argonne
/L36730:1
6-26-24 ‘"
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v
Newark
134795'15"
6-19-24 ky
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k
SOUTH DAKOTA - Banks failed while guaranty law was in effect - continued - pg. 5
1916-1927
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Wecota 'State Bank
li:iiI5-7
454.3-5-
/ La Bolt
First State Bank
11-17-25 "
4
b62'
,e
/ Milbank
Bank of Commerce
11-18-25/
/ Lily
I 571:
v
4111-ainfITts,..
,
,
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Lennon
Lemmon State Bank
Howard
Peoples State Bank
/ Cuthbert
,3„)
/ Dell Rapids
Ashton
•
Granite City Bank
12-24-25 "-
First State Bank
/
12-26-25'r
ri,..-Al•+
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,/ Athol
Athol State Bank
1-13-26v
v Lake City
First State Bank
2 23 26 Y
V Hecla
,/,/
7.2__/,
Farmers & Merchants State Bank
3-8-26 /
✓ Bradley
State B nk of Bradley'4
.' Crandall
Crandall State Bank
Bink of Bijou Hills
Thun er Hawk Farmers State Bank
3
77
7/
7 `/(/
3-22-26 V
3-24-26
-3-30-26 fr•
/ Crandon
4-2-26
,/ White River
White River State Bank
4-27-26
White State Bank
Flandreau
Storla
Poland
VDallas
9 7 ti 3 3-2 , =t
/L1-)
(
- -0.k
/
Moody County Bank
'71
//a2-)7977/
`,26 1-/Z'(,;•7
5-24-26
State Bank of Doland
6-9-26 v
Farmers State Bank
6-11-26 /
(/0/(/[
-/f 3'
2&,?)--,/,),c
-ii 6c26///
Conde
Conde Bank
6-19-26
45-7/
Henry
Citizens State Bank
6-19-26
State Bank of Mellette
6-21-26
Barnard
First State Bank
6-22-26
Raymond
Farmers & Citizens Bank
6-22-26"1
6-23-26 r' •
Kimball
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
71.e. 4r- <
Lumbard State Bank
,
1
,q,Z3 6-25-26 v..
/
337e_1,3 g
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73 Ja,
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00
3-16-26
State Bank of Crandon
/ White
2r5-47`eg.67
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3-16-26 v
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Murdo State Bank
/'c'7i
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4,7/
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12-21-25 v
12-22-25
//' /57 'f?
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American State Bank
7/6.
/(-
/ 174-1-0,
Cuthbert State Bank
V Crocker
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9:2
1;
A'H '
27,2 Xi/
12-4-25
l2_14_25
7.
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I
11-23-25 V
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Federal Reserve Bank of St. Louis
- SOUTH DAKOTA - Banks failed while guaranty law was-in effeet - continued - pg. 6
1916-192 r
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Date of
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