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: 2d80723f

Response Measures

None

Description

The bank went into insolvency in 1896 and is described as 'defunct' and in receivership; articles (1903) discuss final accounting by the receiver. No run is mentioned. Classified as a suspension that resulted in permanent closure with a receiver.

Events (2)

1. January 1, 1896* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank went into insolvency in 1896 and subsequently became defunct; insolvency is the adverse bank-specific cause.
Newspaper Excerpt: since the time of going into insolvency, 1896, the receipts have amounted to...
Source: newspapers

2. June 27, 1903 Receivership

Newspaper Excerpt: Receiver's Account Allowed. 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.... An order of the district court has been made fixing a hearing for June 27.
Source: newspapers

Newspaper Articles (2)

1. 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.

2. 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.