Barnesville National Bank (Barnesville, MN)

Episode Information

Episode UID
609801369
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
60980 national
Charter Number
6098
Start Date
January 14, 1914
Location
Barnesville, Minnesota (46.652, -96.420)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
27e501b29a6f52ff

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
27.0%
Date receivership started
1914-01-14
Date receivership terminated
1919-10-31
OCC cause of failure
Fraud
Share of assets assessed as good
14.1%
Share of assets assessed as doubtful
80.6%
Share of assets assessed as worthless
5.3%

Events (5)

1. January 18, 1902 Chartered
Source
historical_nic
2. January 14, 1914 Receivership
Source
historical_nic
3. January 14, 1914 Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded rumors and newspaper articles in another town triggered heavy withdrawals.
Measures
Bank officers closed the bank; state examiner expected to take charge.
Newspaper Excerpt
They claimed that unfounded rumors caused a run, making the closing necessary.
Source
newspapers
4. January 14, 1914 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank officers closed the bank after a run said to be caused by unfounded rumors/newspaper articles.
Newspaper Excerpt
The Barnesville National bank ... was closed by officials today.
Source
newspapers
5. January 15, 1914 Receivership
Newspaper Excerpt
A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.
Source
newspapers

Newspaper Articles (16)

Article from The Fargo Forum and Daily Republican, January 14, 1914

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Article Text

BARNESVILLE BANK CLOSED An Associated Press dispatch to The Forum this afternoon states that the Barnesville National bank, the oldest banking institution there. was closed by officials today. It is claimed unfounded rumors caused a run, making closing of the bank necessary. The state bank examiner is expected to take charge tomorrow. Bank officials declare that every depositor will be paid in full. In connection with the closing, it is alleged that it has been brought about by financial difficulties and disputes within the circles of the Red River


Article from The Evening Times, January 14, 1914

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Article Text

BIG BARNESVILLE BANK IS CLOSED Oldest Institution in Minnesota City Could Not Withstand Run. Barnesville, Minn., Jan. 14.-The Barnesville National bank, the oldest here, was closed by officials today. They claimed that unfounded rumors caused a run, making the closing necessary. The bank examiner is expected to take charge tomorrow. Bank officials declare every depositor will be paid in full.


Article from The Mitchell Capital, January 15, 1914

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Article Text

MINNESOTA BANK CLOSED AS RESULT OF A RUN Barnesville, Minn.-The Barnesville National bank, the oldest here, was closed today by officials. It is claimed that unfounded rumors caused a run, making the closing necessary. The bank examiner is expected to take charge tomorrow. The bank officials declare every depositor will be paid in full.


Article from The Madison Daily Leader, January 15, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. Barnesville, Minn., Jan. 15.-The Barnesville National bank, one of the oldest banking institutions in Barnes. ville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.


Article from The Bemidji Daily Pioneer, January 15, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. Barnesville, Minn., Jan. 15.-The Barnesville National bank, one of the oldest banking institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.


Article from Willmar Tribune, January 21, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.


Article from New Ulm Review, January 21, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, acrording to'a statement made by Cashler Vangerpen. Every depositor will. be paid in full, he says.


Article from Morris Tribune, January 23, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that news. paper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, ac. cording to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.


Article from The Sauk Centre Herald, January 29, 1914

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Article Text

BANK IS FORCED TO CLOSE Head of Institution Says Newspaper in Neighboring Town Is Responsible for Trouble. The Barnesville National Bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank exeminer, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.


Article from The Fargo Forum and Daily Republican, March 9, 1914

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Article Text

cast is rehearsing another play for production later in the spring. T. Yuster, a junk peddler from Fargo, was before Justice Torson in the local police court last Saturday, charged with the alleged larceny of brass and other material and trespass on the property of the Dwight Baldwin flouring mills. The defendant proved he had no criminal intent and after being apprised of all the circumstances, the court dismissed the case. Gilbert T. Gilbertson, a well known farmer residing near Lawndale, passed away at a Fargo hospital Thursday morning. Funeral services were held at Barnesville last Saturday afternoon. Mrs. Ben Varholt is a sister of the deceased. State officials confiscated a large quantity of cigarette papers found in stores at St. Cloud. They were all burned up. All claims against the Barnesville National bank of Barnesville according to notice from Washington must be presented in proper form to Christopher H. Anheler, the receiver.


Article from The Fargo Forum and Daily Republican, July 24, 1914

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Article Text

FOR SALE-Se½ 31, and sw½ 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)


Article from The Fargo Forum and Daily Republican, July 28, 1914

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# FOR SALE Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)


Article from The Fargo Forum and Daily Republican, August 11, 1914

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Article Text

# FOR SALE Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)


Article from The Fargo Forum and Daily Republican, August 14, 1914

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Article Text

FOR SALE-Se% 31, and sw½ 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone (212-238) 2179,


Article from The Fargo Forum and Daily Republican, August 20, 1914

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Article Text

FOR SALE-Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)


Article from The Washburn Leader, November 20, 1914

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Article Text

Notice By Mortgage Sale By Advertisement Notice is hereby given that that certain mortgage, executed and de. livered by Florence D. Cary and Francis C. Cary, her husband, Mortgagors, to Christopher H. Anheier, as Receiver of the Barnesville National Bank of Barnesville, Minnesota, Mortgagee, and filed for record in the office of the Register of Deeds of the county of McLean, and state of North Dakota, on the 28th day of February A. D. 1914, and recorded in Book "B-39" of Mortgages, at page 433, will be foreclosed by a sale of the premises in such Mortgage and hereinafter described, at the front door of the Court House in the City of Washburn in the County of McLean, and State of North Dakota, at the hour of 10 o'clock a. m., on the 30th day of November 1914, to satisfy the amount due upon said Mortgage on the day of sale. The premises described in said Mortgage and which will be sold to satisfy the same, are those certain premises situated in the County of McLean, and State of North Dakota, and described as follows, to wit: The Northwest Quarter of the Northwest Quarter, and Lots one and Two of Section Twenty-nine, in Township One hundred forty seven Range Seventy nine, containing One hundred five and 80-100 acres, also Lots One, Two, Three, Four, Five, Six, Seven, Eight, Nine, Ten, Eleven, and Twelve, of Section Twenty-five, in Township One hundred forty seven Range Eighty, containing, Two hundred ninety eight and 96 100 acres, more or less according to the U. S. Government survey thereof. There will be due on such mort. gage at the date of sale the sum of Three Thousand One Hundred Thirty Four and 98-100 Dollars, exclusive of cost of foreclosure. J. A. KEMP, As Receiver of the Barnesville National Bank of Barnesville, Minnesota, a Corporation, successor to Mortgagee. A. T. Cole Attorney for Mortgagee, 714 Front Street, 17-23. Fargo, N. D.