22943. State Trust & Savings Bank (Superior, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
*
Location
Superior, Wisconsin (46.721, -92.104)

Metadata

Model
gpt-5-mini
Short Digest
29a3d79a

Response Measures

None

Description

Articles describe the bank as insolvent and defunct, with a receiver (W. H. Slack) winding up affairs and paying dividends in late 1899. No run is mentioned. The initial insolvency/receivership date is given as Feb 29, 1897; final dividend activity reported in Nov–Dec 1899.

Events (3)
1. November 24, 1899 Other
Newspaper Excerpt
Receiver W. H. Slack of the defunct State Trust and Savings bank of this city has just about completed his duties in connection with that institution and will within a few days ask the court for his discharge.
Source
newspapers
2. December 14, 1899 Other
Newspaper Excerpt
The State Trust and Savings Bank ... will pay a final dividend of 18.8 per cent, according to the report of Receiver W.R. Slack, which has been filed in court here.
Source
newspapers
3. * Receivership
Newspaper Excerpt
The State Trust and Savings Bank, which was declared insolvent on Feb. 29, 1897, ... will pay a final dividend of 18.8 per cent, according to the report of Receiver W.R. Slack, which has been filed in court here.
Source
newspapers

Newspaper Articles (3)
1. November 28, 1899 Watertown Republican Watertown, WI
Article from Watertown Republican, November 28, 1899

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Article Text

WILL GET TEN PER CENT. State Trust and Savings Bank of West Superior will Pay Creditors. West Superior, Wis., Nov. 24.-[Special.]-Receiver W. H. Slack of the defunct State Trust and Savings bank of this city has just about completed his duties in connection with that institution and will within a few days ask the court for his discharge. As yet there has been no dividend to creditors declared but the accounts have been settled up and the collections that have been made will give a dividend of at least 10 per cent. The city recently received from the receiver some $11,000, which was the amount it had in the bank at the time of the failure, and in a suit to recover this money the city was declared a preferred creditor of the bank. This made quite a large hole in the assets of the bank.

2. November 29, 1899 The Washburn Times Washburn, WI
Article from The Washburn Times, November 29, 1899

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Article Text

WILL GET TEN PER CENT. State Trust and Savings Bank of West Superior will Pay Creditors. West Superior, Wis., Nov. 24.-[Special.]-Receiver W. H. Slack of the defunct State Trust and Savings bank of this city has just about completed his duties in connection with that institution and will within a few days ask the court for his discharge. As yet there has been no dividend to creditors declared but the accounts have been settled up and the collections that have been made will give a dividend of at least 10 per cent. The city recently received from the receiver some $11,000, which was the amount it had in the bank at the time of the failure, and in a suit to recover this money the city was declared a preferred creditor of the bank. This made quite a large hole in the assets of the bank.

3. December 14, 1899 The Representative Saint Paul, Minneapolis, MN
Article from The Representative, December 14, 1899

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Article Text

Trying Out Fat. WEST SUPERIOR, Wis., Nov. 29.The State Trust and Savings Bank, which was declared insolvent on Feb. 29, 1897, will pay a final dividend of 18.8 per cent, according to the report of Receiver W.R. Slack, which has been filed in court here. The receiver states that all the claims have been settled up with the exception of two, which are now being advertised. The bank owed depositors $25,319.85. besides $11,878.96 due the city, which was declared a preferred claim and paid in full. There has been collected $21,313.46. After paying the city's claim, the receiver's attorney's and others expenses, there will be left $4,779.83 to pay up the $25,319.85.