17596. Black Hills Trust & Savings Bank (Deadwood, SD)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
trust
Start Date
February 22, 1924
Location
Deadwood, South Dakota (44.377, -103.730)

Metadata

Model
gpt-5-mini
Short Digest
8151f66ca4460a02

Response Measures

None

Description

Newspaper items from Feb 1924 report the Black Hills Trust and Savings Bank of Deadwood voluntarily closed its doors and hoped to reorganize. A later 1925 notice references the bank as suspended and contains foreclosure/foreclosure-sale language tied to mortgages in which the bank was mortgagee, indicating the bank remained closed and its affairs were being wound up. No explicit contemporaneous report of a depositor run was found; closure is described as voluntary and later foreclosure proceedings imply permanent closure.

Events (2)

1. February 22, 1924 Suspension
Cause
Voluntary Liquidation
Cause Details
Article states the bank voluntarily closed its doors (hopes to reorganize), indicating a voluntary suspension/temporary closure rather than an involuntary government closure or an identified run.
Newspaper Excerpt
Deadwood.-The Black Hills Trust and Savings bank of this place, which voluntarily closed its doors, hopes to reorganize soon.
Source
newspapers
2. August 5, 1925 Other
Newspaper Excerpt
FORECLOSURE SALE ... Default exists ... given Richard Maloney the Black Hills Trust Bank ... which suspended ... acting for Black Hills Trust Savings Bank suspended. HEFFRON Attorneys ... public auction ... Saturday ... front door the city of Deadwood ... October, 1925 ... County Court House ... Public sale ... 16th day Octo 1925 ... Dated 5th August Deadwood South ... County of Lawrence Co. Sept. ... County Treasurer ... sale ... 15th day of September, 1925. CAMPBELL County ... NOTICE SALE AT PUBLIC COUNTY TAX DEED ... October, 1925 ... sale ... 16th day Octo1925 ... County Court House the City of Deadwood, South Dakota ... 15th day of September. 1925. CAMPBELL County (First Pub. Sept.)
Source
newspapers

Newspaper Articles (3)

Article from The Mellette County Pioneer, February 22, 1924

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Article Text

brought about earlier than if only one pool were operated. The winter pool, therefore, will close receipts of wheat on March 1 and the wheat received after March 1 will be placed a summer pool to be closed in July. Pierre.-County auditors over the state are reporting freak answers sent back on the registration cards sent out to voters who are required under the law to register their party affiliations before the primary election. Apparently a few voters look upon this as an attempt to interfere with their poliical rights, and SO state on the cards returned, while the main complaint is that only a small percentage make any return at all. Yankton.-Gov. R. A. Nestos, of North Dakota, one of the leading Laitheran laymen of the northwest, will be a headline speaker at the South Dakota Luther League convention to be held in Yankton, June 12 to 15, by delegates from over the district which comprises Wyoming, Nebraska, Colorado and South Dakota. Sioux Falls.-One of the first seaplanes to be received in this section now is in the possession of Mundale, Tennant and Dow, Sioux Falls aviators, who expect to operate it for passenger flights ,during the coming season, at one of the summer resorts near here. The plane is a Boeing model, three-passenger ship. De Smet.- A program is arranged for the two day meeting for Kingsbury county people to be held here during balanced agriculture week, March 3 to 9. In connection with the two-day session March 3 to 4, there will be a crops show, with a premium list provided for by the business men of this city. Piedmont.-Piedmont is rapidly becoming a shipping point of considerable importance. During the month of January, approximately 175 carloads of freight were shipped in and out over its two railroads. This freight consisted mainly of logs, lumber, livestock, hay and grain, lime and plaster. Pierre.-The state game department estimates that there are now about two thousand elk in the Black Hills from the herds started several years ago. In the state park 50 head were located 10 years ago, and this herd is estimated to have grown to about eight hundred. Pierre.-Paid hail insurance losses for 1923 total $1,341,132, involving 10,752 adjusted claims with an average cost of $3.42 for each adjustment, according to a preliminary report complete up to February 1, announced by D. E. Walker, deputy hail insurance commissioner. Huron.-Plans looking towards the organization of a new bank to take over the affairs of the James Valley Bank closed here Jan. 9, were taken when the depositors met. went over the situation and were advised how a new bank could be opened without loss to them. Vermillion.-A "Sterling for senator" club is being formed among students of the university who favor Senator Sterling's candidacy for renomination to the United States senate. The club will be directly connected with the state headquarters at Huron. Parker.-The city water supply is running short, and the council is having the wells on the court house hill cleaned out, with hope that more water will appear. It is feared that deeper wells will have to be dug before an adequate supply can be found. Groton.-Records of the Milwaukee railroad here show that during the past 12 months about 300 carloads of cattle and hogs went to the markets from Groton. Livestock shipments out of Groton at this time are exceedingly heavy. Redfield.-Fire caused by the explosion of an alcohol stove which ignited a large can of alcohol, gutted the drug store of Schmidt and Curtis here. The Redfield fire department controlled the blaze in a few minutes. Pierre.-Outside of the rural credits bonds, which are not a tax against the people of the state, but are secured by real estate mortgages, of the per capita of indebtedness South Dakota is $22.27. Pierre.-Senator Norbeck has introduced bills in congress for the construction of bridges over the Missouri river at Pierre and Forest City. Deadwood.-The Black Hills Trust and Savings bank of this place, which voluntarily closed its doors, hopes to reorganize soon. Pierre.-The State Rural Credits board has sold $3,000,000 worth of credits. rural


Article from The Miller Press, February 28, 1924

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wheat on March 1 and the wheat re ceived after March 1 will be place in a summer pool to be closed in July Pierre.-County auditors over the state are reporting freak answers sent back on the registration card sent out to voters who are required under the law to register their part affiliations before the primary elec tion. Apparently a few voters lool upon this as an attempt to interfer with their polical rights, and se state on the "ards returned, while the main complaint is that only a smal percentage make any return at all. Yankton.-Gov. R. A. Nestos, o North Dakota, one of the leading Lutheran laymen of the northwest will be a headline speaker at the South Dakota Luther League con vention to be held in Yankton, Jun 12 to 15, by delegates from over th district which comprises Wyoming Nebraska, Colorado and South Da kota. Sioux Falls.-One of the first sea planes to be received in this section now is in the possession of Mundale Tennant and Dow, Sioux' Falls avia tors, who expect to operate it fo passenger flights during the coming season, at one of the summer resort near here. The plane is a Boeing model, three-passenger ship. De Smet.- A program is arrange for the two day meeting for Kings bury county people to be held her during balanced agriculture week March 3 to 9. In connection with the two-day session March 3 to 4, there will be a crops show, with a premium 1' provided for by the business mer of this city. a..-Piedmont is rapidly be coming a shipping point of consider able importance. During the month o January, approximately 175 carload of freight were shipped in and ou over its two railroads This freigh consisted mainly of logs, lumber, live stock, hay and grain, lime and plaster Pierre-The state game depart ment estimates that there are nov about two thousand elk in the Black Hills from the herds started severa years ago. In the state park 50 hea were located 10 years ago, and thi herd is estimated to have grown t about eight hundred. Pierre.-Paid hail insurance losse for 1923 total $1,341,132, involving 10,752 adjusted claims with an aver age cost of $3.42 for each adjustment according to a preliminary repor complete up to February 1, announce by D. E. Walker, deputy hail insur ance commissioner. Huron.-Plans looking towards th organization of a new bank to tak over the affairs of the James Valle Bank closed here Jan. 9, were take when the depositors met, went ove the situation and were advised how a new bank could be opened withou loss to them. Vermillion.-A "Sterling for sens tor" club is being formed amon students of the university who favo Senator Sterling's candidacy for re nomination to the United State senate. The club will be directly con nected with the state headquarter at Huron. Parker.-The city water supply i running short, and the council is hav ing the wells on the court house hil cleaned out, with hope that more water will appear. It is feared tha deeper wells will have to be dug be fore an adequate supply can be found Groton.-Records of the Milwauke railroad here show that during the past 12 months about 300 carloads o cattle and hogs went to the market rom Groton. Livestock shipment out of Groton at this time are exceed ngly heavy. Redfield-Fire caused by the ex plosion of an alcohol stove whi I gnited a large can of alcohol, gutte the drug store of Schmidt and Curti here. The Redfield fire department controlled the blaze in a few minutes Pierre.-Outside of the rura redits bonds, which are not a tax against the people of the state, but are secured by real estate mortgages the per capita of indebtedness o South Dakota is $22.27. Pierre.-Senator Norbeck has intro luced bills in congress for the con struction of bridges over the Missour iver at Pierre and Forest City. Deadwood-The Black Hills Trus and Savings bank of this place, which voluntarily closed its doors, hopes to soon reorganize


Article from The Weekly Pioneer-Times, October 8, 1925

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SALE AT PUBLIC NOTICE OF SALE REAL ESTATE QUIRED LAWRENCE COUNTY UNDER TAX DEED Whereas, the read property heredescribed, the inafter December, the County Treasurer for taxes Lawrence County, South Dakota, name of said Lawrence and Whereas, the tax certificate aforesaid sale and dencing chase said real property herein. described said County after neither been redeemTreasurer assigned said and from date Whereas, County having given the notice required real hereinafter property and of said Lawrence property to-wit: the 22nd day tofore, issued deed July, therefore County, South Dakota, the Board County within for duly rence assembled the purpose sacting the general business County, did, motion said Board, the 15th day of 1925, direct, and instruct the of Said County, public sale, accordance the provisions Section Revised Code of 1919 South Dakota. therefore, NOTICE IS HEREBY GIVEN that pursuance aforesaid proceedings had and perfected, an under direction of the Board aforesaid, withand under the Secthe Revised Code South tax deeds, the County Treasurer Lawrence County, South Dakota. Public sale the highest bidder, cash, on the 16th day Octo1925, front the CounCourt House the City of Deadwood, South Dakota, all the County, in and to the cerlot parcel of land and being the Lawrence, State South Dakota, bounded follows: Easterly segregated of Scenic Mineral Survey number 2045 containing eleven acres with building and equipment. TERMS AND OF Cash, costs paid said County day of sale. Dated South Dakothis 15th day of September. 1925. CAMPBELL County (First Pub. Sept. .OTICE SALE AT PUBLIC COUNTY TAX DEED Whereas, the real desproperty cribed on day vember, bid in for County Treasurer of rence South Dakota, said County, tax dencing the sale and chase said real after by County Treas urer neither been within two years from said sale, and said County having the notice required real property hereinafter and property of said Lawrence County, County Treasurer has tofore, to-wit; November, 1911, issued tax deed therefore County, South Dakota, and Board County within for Lawrence County, South duly sembled for general business County, motion Board, 1925, direct, empower, thorize the Lawrence County to sell Public provisions Section Revised Code of 1919 of South kota. therefore, NOTICE GIVEN that the had and fected, and under the direction County aforesaid, within under the visions Section 6803 vised Code of of South relating deeds, undersigned, County Treasurer County, Dak., Public the highest bidder, cash, the October, 1925, o'clock the front door Court House the City of South all the Lawrence County to the cerparcel of land situated lying being in the Town of State of South Dakota, bounded and Block 13. TERMS AND CONDITIONS OF of to paid said County sale. Dated Deadwood, South Da kota. day September, 1925. County of Lawrence Co. Sept. NOTICE SALE AT REAL QUIRED BY OF FORECLOSURE SALE WHEREAS. Default exists the condition mortgage dated the second April, given Richard Maloney the Blalk Hills Trust Bank. banking corporation. Mortwhich suspended and the hands of Fred Smith, Banks duly the office the Register of Deeds South the 3rd day of April, 1915, in Book Mortgages, on page which mortgage covers following described real property to-wit: One Block Four also Five Feet Two Block Four Said property as One and the westerly Five Block Forty Three South Dakota. Being same property conveyed Richard Maloney Sarah Hickok George Hickok January 2nd, 1894 and corded in Book Page the Register Deeds for Lawrence County, default has been made in the of taxes sessed on said real property agreed by said mortgagees in said stipulated mortgage that default should made payment any tion principal interest promptly the time same should due, made the of the be premisbefore the same become delinquent, then whole both and interest, should once default made in payment principal mortgaged premises, payment for which stipulated whole principal interest has due reason of said action proceed. has been recover the debt by or any part the amount claimed be upon mortgage this Hundred and principal, Three Hundred Dollars total Sixteen Hundred and Dollars attorneys Dollars provided NOW Notice hereby given that by virtue of the and recorded pursuance the such made the be foreclosed promises therein public auction the or his at front door the city of County Lawrence and State South Dakota Saturday, the o'clock the forenoon of that date. Said made said interest. costs allowed law. Dated 5th August Deadwood South SMITH Banks South kota acting for Black Hills Trust Savings Bank suspended. HEFFRON Attorneys