20433. Northwestern State Bank (Newell, SD)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 1, 1911*
Location
Newell, South Dakota (44.715, -103.421)

Metadata

Model
gpt-5-mini
Short Digest
92ebefb8

Response Measures

None

Description

Bank temporarily closed after cashier Odin Hameister's suicide and a discovered shortage (~$2,000). Shortage was made good and the bank resumed business in early August 1911. Newspapers note an expected run did not materialize.

Events (2)
1. July 1, 1911* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed following the suicide of its cashier and discovery of a shortage of about $2,000.
Newspaper Excerpt
temporarily closed its doors after the suicide last month of its cashier, Odin Hameister, in Deadwood
Source
newspapers
2. August 7, 1911 Reopening
Newspaper Excerpt
The Northwestern State bank at Newell ... has resumed for business, the shortage of about $2,000 having been made good and the affairs of the bank found in good condition. ... When the bank resumed it was expected there might be a run, but it did not materialize and the normal business is now being transacted.
Source
newspapers

Newspaper Articles (3)
1. August 8, 1911 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, August 8, 1911

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Article Text

Bank at Newell, S. D., Reopened. BELLE FOUCHE, S. D., Aug. 7.-(Special.)-The Northwestern State bank at Newell, which temporarily closed its doors after the suicide last month of its cashier, Odin Hameister, in Deadwood, has resumed for business, the shortage of about £ ,000 having been made good and the affairs of the bank found in good condition. The bank is now in charge of the president, F. J. Spencer, and A. E. Walker, who has been appointed assistant cashier. When the bank resumed it was expected there might be a run, but it did not materialize and the normal business is now being transacted.

2. August 17, 1911 Pierre Weekly Free Press Pierre, SD
Article from Pierre Weekly Free Press, August 17, 1911

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Article Text

Bank Resumes Business. Belle Fourche.-The Northwestern State bank at Newell, which temporarily closed its doors after the suicide last month of its cashier, Odin Hameister, in Deadwood, has resumed for business, the shortage of about $2,000 having been made good and the affairs of the bank found in good condition. The bank is now in charge of the president, F. J. Spencer and A. E. Walker, who has been appointed assistant cashier. When the bank resumed it was expected there might be a run, but it did not materialize and the normal business is now being transacted.

3. August 18, 1911 Dewey County Advocate Timber Lake, SD
Article from Dewey County Advocate, August 18, 1911

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Article Text

Bank Resumes Business. -Belle Fourche.-The Northwestern State bank at Newell, which temporarily closed its doors after the suicide last month of its cashier, Odin Hameister, in Deadwood, has resumed for business, the shortage of about $2,000 having been made good and the affairs of the bank found in good condition. The bank is now in charge of the president, F. J. Spencer and A. E. Walker, who has been appointed assistant cashier. When the bank resumed it was expected there might be a run, but it did not materialize and the normal business is now being transacted.