First National Bank - Chamberlain, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2911
Charter Number: 2911
Start Date: June 5, 1895
Location: Chamberlain, South Dakota (43.811, -99.331)

Metadata

Model: gpt-5-mini
Short Digest: 3dd5b169

Response Measures

None

Description

Article (1895-06-05) states J. Leslie Thompson is receiver of the First National Bank at Chamberlain and has declared dividends to creditors (10% recently, totalling 90%), indicating the bank is in receivership and effectively closed. No run is mentioned in the article.

Events (3)

1. March 31, 1883 Chartered

Source: historical_nic

2. February 6, 1892 Voluntary Liquidation

Source: historical_nic

3. June 5, 1895 Receivership

Newspaper Excerpt: J. Leslie Thompson, receiver of the Citizen's National bank of this city, also receiver of the First National bank at Chamberlain, within a few days declared a dividend of 10 per cent to the creditors of the latter bank, making a total of 90 per cent paid in dividends.
Source: newspapers

Newspaper Articles (1)

1. June 5, 1895 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, June 5, 1895

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Article Text

LOCAL BREVITIES. Messrs. Tuft and Matheney are papering Odd Fellows' ball anew. For the best bread, cakes and pies in Dwight's flour the secret lies. Weather report: Fair and warmer to night and Thursday southerly winds. Perhaps not many know it, but there was a slight frost this morning. No harm done. Regular communication of Evergreen lodge No. 17 A. F. and A. M. this evening. Work in F. C. degree. Hugh Murray has charge of the clerk of courts office while Clerk Preston attends the state G. A. R. convention at Pierre. Marshal Davis took in charge this afternoon Chas. Hansen and Geo. Burrell for being mixed up in the car beer stealing business. Elder N. P. Nelson of the Advent persuasion is in the city looking after the arrangements for the forthcoming CI mpmeeting which begins June 18th. Milbank Herald, 7: At the meeting of the board of education Wednesday Miss Mary Wadden of Madison, S. D., was elected teacher for the second primary department. Huronite, 1: A man at Madison has been fined $25 and costs for violation of the new fish law. Quite a string for a beginner. The man may go to the legisHon. lature next year and get even Karl Gerner, of the Madison Independent, got hold of a new suit of clothes and a populist railroad pass and has gone on an exploring trip south. The county commissioners today went down to Chester township to view the situation in the territorial road controversy now going on in that town and if possible arrive at a solution of the diffioulty. In place of the auditor they were accompanied by a reporter of THE DAILY LEADER who will make public matter of all their doings for the public weal. The Hotel Madison will change hands in a few weeks, A. J. Stoel having sold out to Mr. Mi'ler, proprietor of the Lewis House, Salem. Mr. Miller has been here for a day or two looking the situation over and was driven back to Salem this afternoon by D. T. Scott. Whoever follows Landlord Stoel in the hotel business has a high standard of management to maintain. J. Leslie Thompson, receiver of the Citizen's National bank of this city, also receiver of the First National bank at Chamberlain, within a few days declared a dividend of 10 per cent to the creditors of the latter bank, making a total of 90 per cent paid in dividends. This is certainly very creditable to Mr. Thompson, and can be taken as a good sized crumb of encouragement by the creditors of the Citizens National. Miss Lillian Ramsdell of Milo, Mich., who was elected assistant principal of the Madison High school at a recent meeting at a salary of $65 per month,