20282. Bank of Chamberlain (Chamberlain, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 23, 1893
Location
Chamberlain, South Dakota (43.811, -99.331)

Metadata

Model
gpt-5-mini
Short Digest
01f63e88

Response Measures

None

Description

Newspapers report that a receiver was asked for the Bank of Chamberlain in late June 1893, alleging fraudulent transfers and insolvency. No run or reopening is mentioned; the action is a receivership/closure. Bank name suggests a local/state bank (no 'National' in title).

Events (1)
1. June 23, 1893 Receivership
Newspaper Excerpt
The Mann-Frazer Company of Minneapolis has made application to the United States courts here for a receiver for D. P. Henry, Ludwig Loevinger, of Chamberlain, the Bank of Chamberlain ... The plaintiff company complains ... and claims also that all are insolvent.
Source
newspapers

Newspaper Articles (2)
1. June 24, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 24, 1893

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Article Text

A Receiver Asked For. SIOUX FALLS, S. D., June 23.--The Mann-Frazer Company of Minneapolis has made application to the United States courts here for a receiver for D. P. Henry, Ludwig Loevinger, of Chamberlain. the Bank of Chamberlain, and Thomas Kinsman, of White Lake. The plaintiff company complains that Kinsman made a fraudulent transfer of $3,000 worth of property to the other defendants, and claims also that all are insolvent. The plaintiff's claim is for $2,638.

2. July 1, 1893 Custer Weekly Chronicle Custer, SD
Article from Custer Weekly Chronicle, July 1, 1893

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Article Text

Charges Fraud. SIOUX FALLS, S. D., June 24.-The Mann-Fraser company, of Minneapolis, has made application in the United States court here for a receiver for D. H. Henry and Ludwig Loevinger, of Chamberlain; the Bank of Chamberlain and Thomas Kinsman, of White Lake. The plaintiff company claims Kinsman made a fraudulent transfer of $8,000 worth of property to the other defendants and claims also that all are insolvent. The plaintiff's claim is for $2,639.