Minnehaha National Bank - Sioux Falls, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3393
Charter Number: 3393
Start Date: November 14, 1893
Location: Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model: gpt-5-mini
Short Digest: a08db9ca

Response Measures

None

Description

Article (Nov 14, 1893) reports P. P. Peck, president of the Minnehaha National Bank, was made receiver, indicating the bank entered receivership/closure. No run or prior suspension is described in the excerpt; classified as suspension_closure because the bank is closed with a receiver appointed and no run is reported.

Events (2)

1. September 8, 1885 Chartered

Source: historical_nic

2. November 14, 1893 Receivership

Newspaper Excerpt: P. P. Peck, mayor of this place and president of the Minnehaha National bank, was made receiver.
Source: newspapers

Newspaper Articles (1)

1. November 18, 1893 The Kimball Graphic Kimball, SD

Article from The Kimball Graphic, November 18, 1893

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Article Text

An Interesting Case. SIOUX FALLS, S. D., Nov. 14. - An interesting case will be tried here at the coming term of court which will call attention once more to the failure of the Plankinton bank at Milwaukee. M. Grigsby of this city was a business partner of F. T. Day in the loan busi. ness. He claims a contract with Day under which loans were to be made. Grigsby was to pay 7 per cent for money and was to share with Day the profits in interest and foreclosures. When Day failed Grigsby attached 1400 acres of land in this state valued at $55,000 to protect his equity therein. P. P. Peck, mayor of this place and president of the Minnehaha National bank, was made receiver. The case will be tried on an action to vacate the receivership and the attachments.