8690. Stock Yards Bank (South St Paul, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 4, 1897
Location
South St Paul, Minnesota (44.893, -93.035)

Metadata

Model
gpt-5-mini
Short Digest
94045db90fa0b5b1

Response Measures

None

Description

Articles (Aug 1897) report the Stock Yards Bank at South St. Paul is in receivership (Judge M. H./W. H. Sullivan is receiver) and declaring dividends to creditors. There is no mention of a depositor run in these items; the bank has been closed and a receiver appointed, implying a suspension followed by closure/receivership. Exact suspension/failure date not given in the clippings; receiver active by early Aug 1897.

Events (2)
1. August 4, 1897 Receivership
Newspaper Excerpt
Judge M. H. Sullivan, receiver of the Stockyards bank, at South St. Paul, has declared a second dividend of 17 per cent, making a total of 55 to date.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver handling liquidation); suspension/closure implied by receiver appointment
Newspaper Excerpt
Judge M. H. Sullivan, receiver of the Stockyards bank, at South St. Paul, has declared a second dividend of 17 per cent
Source
newspapers

Newspaper Articles (4)
1. August 5, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, August 5, 1897

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Article Text

Another South St. Paul Dividend. Special to the Globe. HASTINGS, Minn., Aug. 4.-Judge M. H. Sullivan, receiver of the Stockyards bank, at South St. Paul, has declared a second dividend of 17 per cent, making a total of 55 to date. It is expected that another dividend will be made about Nov. 1, and eventually the creditors will receive, if not quite dollar for dollar, nearly all, upon their claims.

2. August 6, 1897 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, August 6, 1897

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Article Text

AN ALABAMA COLONY. Quite a Number of Iowa Families Will Try Their Luck South. BELLE PLAINE, Ia., Aug. 5.-A number of Iowa families have secured a concession of 6,000 acres of land in Shelby county, Ala., 30 miles south of Birmingham. The tract is to be laid out on the colony plan, but each colonist will own his own property. The tract of land is in the great fruit and dairy belt of the state and is admirably located. Each colonist will get a 30-acre home for about $350. Another South St. Paul Dividend. HASTINGS, Minn., Aug. 5.-Judge M. H. Sullivan, receiver of the Stockyards bank at South St. Paul has declared a dividend of 17 per cent, making a total of 55 to date. It is expected that another dividend will be made about Nov. 1, and eventually the creditors will receive, if not quite dollar for dollar, nearly all upon their claims.

3. August 6, 1897 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 6, 1897

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Article Text

Another South St. Paul Dividend. HASTINGS, Minn., Aug. 6.-Judge M. H. Sullivan, receiver of the Stockyards bank at South St. Paul has declared a dividend of 17 per cent, making a total of 55 to date. It is expected that another dividend will be made about Nov., 1, and eventually the creditors will receive, if not quite dollar for dollar, nearly all upon their claims.

4. August 12, 1897 Courier Democrat Langdon, ND
Article from Courier Democrat, August 12, 1897

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Article Text

Dividends to Creditors. Hastings, Minn., Aug. T.-Judge William H. Sullivan, receiver of the Stock Yards bank at South St. Paul, has declared a second dividend of 17 per cent, making a total of 55 to date. It is expected that another will be declared about Nov. 1, and eventually the creditors will receive nearly all of their claims.