State Bank - Duluth, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 17, 1897
Location: Duluth, Minnesota (46.783, -92.107)

Metadata

Model: gpt-5-mini
Short Digest: 30b7328c

Response Measures

None

Description

Article (1897-09-17) reports the State Bank of Duluth has been 'assigned' and an assignee (A. D. Davidson) named; litigation alleges fraud by president O. M. Hall. No run is described; the bank appears to be in receivership/assigned and thus permanently closed.

Events (2)

1. September 17, 1897 Receivership

Newspaper Excerpt: The litigation over the assigned State Bank of Duluth, of which A. D. Davidson is assignee, seems endless. John Lundberg has sued the bank, claiming that O. M. Hall defrauded him out of some property while president.
Source: newspapers

2. September 17, 1897 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was 'assigned' and is subject to litigation alleging fraud by president O. M. Hall.
Newspaper Excerpt: The litigation over the assigned State Bank of Duluth, of which A. D. Davidson is assignee, seems endless.
Source: newspapers

Newspaper Articles (1)

1. September 17, 1897 Little Falls Weekly Transcript Little Falls, MN

Article from Little Falls Weekly Transcript, September 17, 1897

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Article Text

The litigation over the assigned State Bank of Duluth, of which A. D. Davidson is assignee, seems endless. John Lundberg has sued the bank. claiming that O. M. Hall defrauded him out of some property while president. The defense objects to going to trial in St. Louis county, on account of the prejudice against Hall.