Article Text
The receiver of the Marine bank of Duluth has begun a suit for $20,000 against F. E. Searle, one of the heavy stockholders. The suit is brought under the doubleliability clause.
9571. Marine Bank (Duluth, MN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 24, 1897
- Location
- Duluth, Minnesota (46.783, -92.107)
Metadata
- Model
- gpt-5-mini
- Short Digest
ed7b8f40
Response Measures
None
Description
Article (Dec 24, 1897) reports a receiver for the Marine Bank of Duluth and that the receiver has begun suit. No article text mentions a depositor run; evidence indicates the bank was closed/placed in receivership. I inferred bank type as state (no 'National' or 'Trust' in name).
Events (2)
1.
December 24, 1897
Receivership
- Newspaper Excerpt
- The receiver of the Marine bank of Duluth has begun a suit for $20,000 against F. E. Searle, one of the heavy stockholders. The suit is brought under the double-liability clause.
- Source
- newspapers
2.
*
Suspension
- Cause Details
- Not specified in the available article; receiver in place implies prior suspension or failure leading to receivership.
- Source
- newspapers
Newspaper Articles (1)
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