3776. National Bank (Sioux City, IA)

View Charter #4431 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4431
Charter Number
4431
Start Date
November 18, 1893
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini
Short Digest
b779f153

Response Measures

None

Description

The articles (1893–1894) describe the National Bank of Sioux City being closed/placed under a receiver and consolidated with the Security National Bank; there is no explicit description of a depositor run. Later articles (1897, 1930, 1931) mention reopenings or receivers/dividends for a bank called National (or Sioux National) in Sioux City — these likely refer to related subsequent events or different institutions with similar names. Here I classify the core 1893–94 episode: suspension leading to closure/receivership. OCR errors corrected (e.g., 'Sloux' -> 'Sioux').

Events (6)
1. October 7, 1890 Chartered
Source
historical_nic
2. November 18, 1893 Suspension
Cause Details
Consolidation with Security National Bank precipitated closing of the National Bank of Sioux City; officers intended to consolidate effects with Security National rather than continue separate operations.
Newspaper Excerpt
The failure was precipitated by the consolidation of two banks, involving the closing up of the business of the National Bank of Sioux City.
Source
newspapers
3. December 29, 1893 Voluntary Liquidation
Source
historical_nic
4. February 3, 1894 Other
Newspaper Excerpt
filed with the clerk of the United States Circuit Court a bill of equity ... asking for a receiver for the National Bank of Sioux City; bill alleges conspiracy ... to wreck the latter; asking a receiver for the National Bank of Sioux City; The bill alleges conspiracy to wreck it . . . . the National of Sioux City and the Security National will now be consolidated under the name of the latter, with $750,000 capital . . . . (multiple articles)
Source
newspapers
5. February 5, 1894 Receivership
Newspaper Excerpt
A petition has been filed in the United States court by J. S. Lathrop asking that a receiver be appointed for the National Bank of Sioux City. The bill alleges conspiracy on the part of the officers of the Security National with those of the National to wreck the latter.
Source
newspapers
6. June 19, 1931 Other
Newspaper Excerpt
National bank here. Receiver H. M. Kirkman still had $92,000 uncalled for Friday ... The dividend ... paid by this bank ... represents 20 per cent ... depositors of the defunct ...
Source
newspapers

Newspaper Articles (9)
1. November 19, 1893 The Sun New York, NY
Article from The Sun, November 19, 1893

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Article Text

Minor Business Troubles, JOLIET, Ill. Nov. 18.-The plant of the Windsor Wire and Spring Company was seized this morning by the Sheriff to satisfy a claim of $15,103. A large number of workmen are thrown out of employment. JACKSONVILLE, III., Nov. 18.-The firm of T. J. Bronson. wholesale dealers in saddles. hardware. and supplies. assigned yesterday. Liabilities. $22,000: assets somewhat larger. SIOUX CITY. Nov. 18.-The National Bank of Sioux City yesterday took possession of the stock of C. G. Culver, leading dry goods firm here. under a chattel mortgage for $35,000. No assignment has been made. but the place of business has been closed. The failure was precipitated by the consolidation of two banks. involving the closing up of the business of the National Bank of Sioux City.

2. February 4, 1894 New-York Tribune New York, NY
Article from New-York Tribune, February 4, 1894

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Article Text

CHARGES AGAINST BANK OFFICIALS. San Jose, Cal., Feb. 3.-Ex-Vice-President Leonard, of the defunct Santa Clara Bank, was rearrested yesterday, the Grand Jury having returned an indictment against him for embezzlement in sums ranging from $2,000 to $5,000. Atlantic, Iowa, Feb. 3.-J. C. Yetzer, president and half-owner of the defunct Cass County Bank, was arrested yesterday for fraudulent banking. He waived examination and was placed under $5,000 bonds, to await the action of the Grand Jury. Chicago, Feb. 3.-A dispatch to "The Tribune" from Dubuque, says: "Mr. Lathrop, a lawyer of Sloux City, yesterday filed with the clerk of the United States Circuit Court a bill of equity in the case of several non-resident stockholders of the National Bank of Stoux City, against the National Bank and the Security National Bank, asking for a receiver for the National Bank. The bill alleges that President Manley, of the Security National Bank, entered into a conspiracy with the officers of the National Bank to destroy the latter and consolidate its effects with those of the Security National."

3. February 6, 1894 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, February 6, 1894

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Article Text

Intended Bank Wrecking Charged. DUBUQUE, Ia., Feb. 5.-A petition has been filed in the United States court by J. S. Lathrop asking that a receiver be appointed for the National Bank of Sioux City. The bill alleges conspiracy on the part of the officers of the Security National with those of the National to wreck the latter.

4. February 9, 1894 The Herald-Advance Milbank, SD
Article from The Herald-Advance, February 9, 1894

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Article Text

Conspiracy Alleges. Dubuque, Feb. 5.-A petition was filed in the United States court by J. S. LA throp, asking a receiver for the Naticral Bank of Sioux City. The bill alleges conspiracy to wreck it.

5. February 15, 1894 New-York Tribune New York, NY
Article from New-York Tribune, February 15, 1894

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Article Text

BUSINESS EMBARRASSMENTS. Louisville, Ky., Feb. 14.-The Old Kentucky Paper Company was placed In the hands of a receiver this morning on the supplementary petition of Granger & Co., who hold a mechanic's lien on the property for about $10,000. Suit to establish this Men was brought last November. Yesterday the Louisville and Nashville Railroad sued the paper company on a claim of $8,500. The paper company is indebted to the amount of about $100,000, and the plant is valued at $300,000. Chicago, Feb. 14.-A dispatch to "The Herald" from Stoux City, Iowa, says: "The case in which three stockholders of the National Bank of Sioux City applied for an injunction to restrain its officers from liquidating the business of the bank and consolidating it with the Security National Bank, and for a receiver to wind up Its affairs, was called up in the United States Court yesterday. The plaintiffs did not appear, but instead filed a motion for dismissal. The National of Sioux City and the Security National will now be consolidated under the name of the latter, with $750,000 capital."

6. March 20, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, March 20, 1897

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Article Text

"The reopening of the national bank in Sioux City, Ia., which closed last November is a significant business 'pointer.' Resumption in all sorts of financial, commercial and industrial institutions will undoubtedly exceed suspensions f.ve or ten to one hereafter," savs the St. Louis Globe-Democrat. What of the score or more of banks that have closed since last November? Are they not also significant business "pointers?"

7. March 21, 1897 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, March 21, 1897

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Article Text

Business Revival. Globe-Democrat. The reopening of the national bank in Sioux City, Ia., which closed last November is a significant business "pointer." Resumption in all sorts of financial, commercial and industrial institutions will undoubtedly exceed suspensions five or ten to one hereafter.

8. December 8, 1930 Herald and Review Decatur, IL
Article from Herald and Review, December 8, 1930

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Article Text

Iowa Banks Import Cash To Prevent Heavy Runs SIOUX shipments of money by clearing house to total received by Sioux City banks Sunday precaution against following closing the National and Sioux National banks late Saturday.

9. June 19, 1931 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, June 19, 1931

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Article Text

$92,000 IN DIVIDENDS UNCLAIMED FIRST WEEK National bank here. Receiver H. M. Kirkman still had $92.000 uncalled for Friday Nearly 000 has been paid. The dividend SIOUX the first paid by this bank and week represents 20 per cent More after he started dividends than depositors hold claims to depositors of the defunct on the still unpaid.