20486. Central Banking & Trust Company (Sioux Falls, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
April 23, 1908
Location
Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model
gpt-5-mini
Short Digest
f0572e21

Response Measures

None

Description

Articles (Apr 23–24, 1908) report the Central Banking and Trust Company of Sioux Falls closed its doors a few days ago and that D.L. McKinney was appointed receiver; unsecured liabilities ~ $20,000. No mention of a depositor run — closure appears due to insolvency and resulted in receivership.

Events (2)

1. April 23, 1908 Receivership
Newspaper Excerpt
D. L. McKiunev,a well known banker of Sioux Falls, has been appointed receiver of the Central Banking and Trust company, one of the smaller bank... which closed its doors a few days ago. The total amount of the liabilities of the bank that are not secured will reach about $20,000.
Source
newspapers
2. April 23, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to insolvency/unsecured liabilities reported around $20,000.
Newspaper Excerpt
D. L McKinney, a well known Sioux Falls banker, has been appointed, receiver of the Central Banking and Trust company, one of the smaller banking institutions of the city, which closed its doors a few days ago.
Source
newspapers

Newspaper Articles (2)

Article from Reporter and Farmer, April 23, 1908

Click image to open full size in new tab

Article Text

A little of the old wild west was turned loose at Kimball when a halfbreed Indian by the name of Joe Riley made threats against the life of the town marshal, Stewart. Riley had ridden in from the reservation during the morning with his partner and proceeded to fill up with booze. D. L. McKiunev,a well known banker of Sioux Falls, has been appointed receiver of the Central Banking and Trust company, one of the smaller bank. ing institu ions of Sionx Falls, which closed its doors a few days ago The total amount of the liabilities of the bank that are not secured will reach about $20,000. John Clark, the young man who is accused of the murder of his employer, Theodore Southman, in a lonely shauty on the banks of the Big Sioux river several weeks ago, as the result of his preliminary hearing before a local jus tice has been held for appearance in the state circuit court to answer to the charge of murder. It will be remembered that Clark was the first to give the officers information of the murder, and he alleged that the crime was committed by three mysterious strangers who appeared at the shanty a short time before murder. , Kampeska is to be freed of the


Article from The Charles Mix New Era, April 24, 1908

Click image to open full size in new tab

Article Text

Receiver for Sloux Falls Bank. D. L McKinney, a well known Sioux Falls banker, has been appointed, receiver of the Central Banking and Trust company, one of the smaller banking institutions of the city, which closed its doors a few days ago. The total amount of the liabilities of the bank that are not secured will reach about $20,000.