Union Stockyards State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Sioux City, Iowa (42.500, -96.400)

Metadata

Model: gpt-5-mini
Short Digest: 67b6b983

Response Measures

None

Description

Article (1902-01-03) reports the Union Stockyards State Bank of Sioux City had previously failed and a receiver was appointed; suits by out-of-state stockholders are being settled. No run is described in the text; the bank had failed and been placed in receivership, consistent with a suspension that resulted in closure.

Events (1)

1. * Receivership

Newspaper Excerpt: After a time the banks failed and the assets vanished... The receiver of the bank retained W. W. Lapoint of this city to collect the amount claimed to be due and 14 suits were brought... compromise settlements are reported to have been effected and the cases are to be settled.
Source: newspapers

Newspaper Articles (1)

1. January 3, 1902 Barre Evening Telegram Barre, VT

Article from Barre Evening Telegram, January 3, 1902

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Article Text

SETTLEMENTS Are Reported To Have Been Made SIOUX CITY BANK Took $17,000 Investments From This Vicinity Several years ago a number of well to do citizens of Washington, Chit tenden and Orange counties became st cxholders in the Union Stock Yards S are Bank, doing business at Sioux City, IOW L. After a time the banks failed and the assets vanished as snow b. fore a summer sun. Acting under the laws of Iowa the Vermont stockholders were deemed the full am unt of th ir stock this they refu ed to pay, another amendment was made. this time for only half the amount of stock held by each stockholder. Still they refused to pay. The receiver of the bank retained W. W. Lapoint of this city to collect the amount claimed to be due and 14 suits were brought in the Vermont :courts, the amounts in band being about $17,000. Wm Wishart has assisted in the conducting of these cases and after nearly three years of negotiation between a torneys representing the rec ivers and the defendants, comp omise settle. ments are reported to have been effected and the cases are to be settled.