8606. State Bank (Minneapolis, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1896*
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gpt-5-mini
Short Digest
45f475fa15a17e49

Response Measures

None

Description

The articles describe the State Bank of Minneapolis as having gone into insolvency in 1896 and being in receivership thereafter. No bank run is described. The pieces refer to receiver actions (sale of judgments, final accounting) through 1903; the bank is defunct and in receivership, consistent with a suspension followed by permanent closure/receivership.

Events (3)
1. January 1, 1896* Receivership
Newspaper Excerpt
final accounting made by the receiver of the defunct State Bank of Minneapolis shows that since the time of going into insolvency, 1896, the receipts have amounted to...
Source
newspapers
2. February 22, 1902 Other
Newspaper Excerpt
Judge Harrison directed receiver W. J. Hahn, of the State Bank, to sell the unpaid judgments held by him at a sale to take place at the sheriff's office on March 1. These judgments aggregate $75,000.
Source
newspapers
3. June 27, 1903 Other
Newspaper Excerpt
The full bench of the district court this morning approved the account of the receiver of the State Bank of Minneapolis up to the time of General Hahn's death.
Source
newspapers

Newspaper Articles (3)
1. February 22, 1902 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, February 22, 1902

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Article Text

# Ordered to Sell Judgments. Judge Harrison directed receiver W. J. Hahn, of the State Bank, to sell the unpaid judgments held by him at a sale to take place at the sheriff's office on March 1. These judgments aggregate $75,000. Kristian Kortgaard is a joint debtor in nearly every judgment.

2. June 1, 1903 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, June 1, 1903

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Article Text

State Bank Receivership. A final accounting made by the receiver of the defunct State Bank of Minneapolis shows that since the time of going into insolvency, 1896, the receipts have amounted to $56,715.35, and the disbursements to $53,330.22. An order of the district court has been made fixing a hearing for June 27.

3. June 27, 1903 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, June 27, 1903

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Article Text

Receiver's Account Allowed. The full beinch of the district court this morning approved the account of the receiver of the State Bank of Minneapolis up to the time of General Hahn's death. The amount taken in was $36,715 and the amount paid out, $53,330. The state has a preferred claim on the assets, and what remains will not be distributed among the common creditors. Geneeral Hahn's claim for $1,500 fees was allowed.