Northwestern State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 26, 1895
Location: Sibley, Iowa (43.399, -95.752)

Metadata

Model: gpt-5-mini
Short Digest: 68d7c75a

Response Measures

None

Description

Article (Union County Courier, 1895-12-26) reports the broken Northwestern State Bank of Sibley with a receiver (Receiver Dunlap) distributing funds to depositors; no mention of a depositor run. Thus the bank had failed and was in receivership (closure).

Events (1)

1. December 26, 1895 Receivership

Newspaper Excerpt: Receiver Dunlap has distributed $10,000 more to the depositors of the broken Northwestern State bank of Sibley. The bank's assets will finally realize about 70 per cent.
Source: newspapers

Newspaper Articles (1)

1. December 26, 1895 Union County Courier Elk Point, SD

Article from Union County Courier, December 26, 1895

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Article Text

Dr. J. A. Weed, the physician who was arrested at Davenport on a charge of murder in the second degree, was airested a second time charged with criminal malpractice and perjury. Bail was fixed at $15,000, and he went to jail in default. Austin Sings, arrested at Blooming. ton, Ills., was taken to Boone, Ia., to answer a charge of forgery. He is in jail in default of bail. George Miner, a Burlington brakeman, died at Knoxville, Ia., of injuries inflicted by a tramp who was put off the train. Register Evens, of the United States land office at Des Moinea,has fixed the date of the opening of 21,000 acres of land in O'Brien county for Feb. 27. Next season's state meet of the League of American Wheelmen will be held at Cedar Rapids. A family named Bergman, residing in Dubuque, has been notified that they are heirs to an estate in Australia worth $1,000,000. John Rhamey, in an altercation, shot and killed Ed Relford, in Keokuk township near Ottumwa. Rhamey surrendered himself. Receiver Dunlap has distributed $10,000 more to the depositors of the broken Northwestern State bank of Sibley. The bank's assets will finally realize about 70 per cent. Delegates representing 11 fraternal societies held a meeting at Des Moines and decided to draft a bill to present to the legislature to exempt their socleties from present working of insurance laws. A 16-pound wild cat wascaught near Clear Lake, Cerro Gordo county recently. The trustees, under the debenture suit by the American Investment company of Emmetsburg sold at auction all the securities and collateral thereto. The principal purchasers were representatives of bondholders. They realized about $100,000. The annual convention of the Iowa Central Medical convention is being held at Marshalltown. Members are present from Des Moines, Dubuque, Clinton, and a number of Central Iowa points. A heavy rain and thunder storm visited Southwestern Iowa. It was of great benefit, as farmers are suffering from lack of water for stock. Carl Lohman, editor of the Volksfreund of Burlington was thrown from a rawidly moving trolley car, alighting on nis head with such force as to cause concussion of the brain.