17773. Sioux Falls National Bank (Sioux Falls, SD)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
2823
Charter Number
2823
Start Date
October 24, 1893
Location
Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model
gpt-5-mini
Short Digest
148bdbdddc11136a

Response Measures

None

Receivership Details

Depositor recovery rate
50.0%
Date receivership started
1924-01-24
Date receivership terminated
1934-08-10
OCC cause of failure
Run
Share of assets assessed as good
59.2%
Share of assets assessed as doubtful
25.3%
Share of assets assessed as worthless
15.5%

Description

Articles indicate the Sioux Falls National Bank was in receivership and being litigated (Supreme Court argument Oct 24, 1893; January 1894 piece refers to receiver instituting suits). No article discusses a depositor run or reopening โ€” the bank appears closed with a receiver. OCR errors in Article 2 were corrected for sense (e.g., references to 'receiver for the defunct' and suits).

Events (4)

1. November 23, 1882 Chartered
Source
historical_nic
2. October 24, 1893 Receivership
Newspaper Excerpt
No. 58-J. 'Leslie Thompson, receiver, etc., etc., et al, plaintiffs in error, agt. the Sioux Falls National Bank of Sioux Falls, Dak. Argument begun ... continued ... for the defendant in error.
Source
newspapers
3. January 19, 1894 Other
Newspaper Excerpt
The receiver for the defunct has instituted suits ... the affairs of the bank ... suits against the ... $6,000 worth of notes which ... the affairs of the bank
Source
newspapers
4. January 24, 1924 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from New-York Tribune, October 25, 1893

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Article Text

BUSINESS IN THE SUPREME COURT. Washington, Oct. 24.-Supreme Court of the . United States No. 26-Charles Moran et al. etc., appellants, agt. the Wabash Western Railway Company. No. 51-The United States Trust Company of New. York, appellant, agt. the Wabash Western Railway Company. and No. 57-The Wabash Western Railway Company. appellant, agt. the United States Trust Company of NewYork. Leave granted to file additional brief herein on motion of E. W. Sheldon for Moran et al. and the United States Trust Company of New.York. Argument continued by F. W. Lehmann for the Wabash Western Railway Company, and concluded by Theodore (Sheldon for Moran et al. and the United States Trust Company of New-York. No. 50-Augustus R. Gumaer et al, appellants, agt. the Colorado Oil Company. Argued. No. 58-J. 'Leslie Thompson, receiver, etc., et al, plaintits in error, agt. the Sloux Falls National Bank of Sloux Falls. Dak. Argument begun by Thomas B. McMartin for the plaintiffs in error and continued by C. K. Davis and George A. (Modill for the defendant in error. The day call for Wednesday, October 25. will be as follows: Nos. 53, 52, 54, 55 (and 310), 66, 58, 29, 60, 61 and 62.


Article from The Herald-Advance, January 19, 1894

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Article Text

our 10 suamm am non uasur Nels Madison Nelson, who is to have robbed and wounded C. derson, near Parker recently, is as follows: Height 5 feet 10 weight about 160, light small light mustache, dog skin speaks very little English. if any; ality Dane, wears No. 9 shoes, Boston overshoes. The watchheb before leaving had works No. No. 'asno nado Peny Cold weather cannot chill the home-seekers ho are searchi and finding quarter sections that their liking, says a dispatch from berlain. During one month commencement of winter over steaders filed on lands in the lain district, and this average will ably be kept up all winter, and approaches theimigration will, increase. Take it all in all, the for South Dakota and its people deed a bright one. The Farmers' Mutual Insurance pany of Minnehaha county has mitted its annual report. Thelos during the year amounted tobut u! area $1.229 The total expenses of theyear, $299 ัะปัะผ ] jo question pany now hason hand $4,037. ะผำ™ั† 14 JU+A our ed. which brings up the total The grand total insured the is $663,212. and the amount now s! u! statements Hon. Robert T. Sedam, a tive in the state legislature, just returned from a visit to brought with him a fine woolen from the Rockford mills, which manufactured from South Dakota grown in Sully county. near Onida " 04 stated South Dakota wool was the best world and that he had ordered equal more spunod mills had wool from Australiamd countries, but was enthusiastic on superiority of the South Dakotapro The plan of perfecting an at Alpena for the purpose of be 11 AUM Japun MOU s! Jennier am fair to succeed. The movements purpose of opening a local farm ery or implement delivery house when a farmer in Jerauld county where wants a part of a machin home dealer has not on hand. it obtained without sending off far-away manufacturing institution the past it has been necessary neqt Insure sams XIS of eno more livery house was here in the some convenient point. Three hundred members of union went over from Deadwo Anna Creek, the scene of the South Dakota Mining where were employed 130 miue were working against the rules union and getting non-union demanded of Mr. Leck, superity that he pay the union scale. and the non-union men were thework. The contractor and engineer attempted to interfere, competled to seek shelter in where they stood the crowd drawn revolvers. The attorney pun Marting M a 'Aunduios intendent were injured, the form un JOAO umorth But latter from being hit on the headth rock. Only the interference B essod siy pun sion. since and auo MOU si 41 bank of Yankton closed its door the affairs of the concern arestions tled. About 5 per cent has been depositors who will accept, have refused. There aresomecent of deposit that were issued in name of McKinney & Seougal holders of said certificates will mence suit against President of the Sioux Falls National bank was some time prior to the partner in the firm of McKinney gal. The receiver for the defune has instituted suits against the of $6,000 worth of notes which assets, and as soon as these lected, the affairs of the bank