Union National Bank - Sioux Falls, SD

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4629
Charter Number: 4629
Start Date: September 15, 1896
Location: Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model: gpt-5-mini
Short Digest: 3c1a95e7

Response Measures

None

Description

Article is a short listing of bank failures (dated 1896-09-15) stating 'Union National Bank, Sioux Falls, S. D, gone.' No explicit run is mentioned; the bank is reported as failed/closed (insolvent under 'gold' standard). Limited detail — no receiver explicitly named in this excerpt.

Events (3)

1. September 11, 1891 Chartered

Source: historical_nic

2. September 15, 1896 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Reported insolvent under the gold standard; could not meet liabilities (listed among multiple bank failures).
Newspaper Excerpt: Union National Bank, Sioux Falls, S. D, gone.
Source: newspapers

3. July 1, 1899 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. September 15, 1896 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC

Article from The Progressive Farmer, September 15, 1896

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Article Text

"SOUND MONEY" AND THE BANKS. The Manufacturers' Bank of West Duluth wentof business. Couldn't meet its liabilities-in "gold." La Maida Bros. & Andrale, bankers, New York and Philadelphia, failed. Couldn't meet $30,000 of liabilities with $60,000 of assets. State Land and Trust Co, Ogallala, Neb., capital $25,000, loans and discounts $58,665, gone under the gold standard. The Bank of National City, Cal, insolvent. Receiver appointed. Union National Bank, Sioux Falls, S. D, gone. The First National Bank of Beatrice, Neb., closed doors. Couldn't pay $110,000 of liabilities with $250,000 of assets. See! $25 of honest property assets, will not pay $11 of gold standard debt. Beatrice Neb, Savings Bank also gone under, with $290,000 gold standard dollars-all of the savings from the toil of the honest laborers of that vicinity. American National Bank of New Orleans closed. Funds found squandered. Officers arrested. Three more bank failures in New Orleans las week.