Bank of Beresford - Beresford, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 23, 1896
Location: Beresford, South Dakota (43.081, -96.774)

Metadata

Model: gpt-5-mini
Short Digest: 28000c35

Response Measures

None

Description

Article (Union County Courier, 1896-07-23) states a receivership for the Bank of Beresford (case affirmed by court). No mention of a run in the provided excerpt; indicates the bank had a receiver and thus remained closed/in receivership. Bank charter type not specified in text, so set to unknown.

Events (1)

1. July 23, 1896 Receivership

Newspaper Excerpt: John Allibone, treasurer of Lincoln County vs. the Bank of Beresford and the receiver of the same, affirmed by Haney.
Source: newspapers

Newspaper Articles (1)

1. July 23, 1896 Union County Courier Elk Point, SD

Article from Union County Courier, July 23, 1896

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Article Text

# Supreme Court Decisions. The supreme court has handed down decisions in the cases of the Walter A. Wood Company vs. Lawrence M. Lee and others from Minnehaha County, affirmed by Fuller; Charles Betcher vs. the County of Grant, reversed by Corson; E. S. Hagman vs. C. W. Gillis, form Davison County, affirmed by Corson; John Allibone, treasurer of Lincoln County vs. the Bank of Beresford and the receiver of the same, affirmed by Haney. The main question in this case was whether a bank deposit by a treasurer is a loan. It is held by the court that it is not.