Union State Bank - Minneapolis, MN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 27, 1920
Location: Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model: gpt-5-mini
Short Digest: 7017bff5

Response Measures

None

Description

Newspapers report a large fire in downtown Minneapolis (Dec 27–28, 1920) that forced suspension of business in several buildings including the Union State Bank building. No article mentions a depositor run or permanent failure; suspension appears to be a temporary closure due to fire damage, so I classify as a suspension with likely reopening (no explicit reopening reported).

Events (1)

1. December 27, 1920 Suspension

Cause: Local Shock
Cause Details: Large downtown fire damaged/menaced the Union State Bank building and forced suspension of business; detectives assigned to protect large sums of cash.
Newspaper Excerpt: Fire ... forced the suspension of business in four downtown buildings including two banks ... and the Union State bank building.
Source: newspapers

Newspaper Articles (2)

1. December 28, 1920 The Bemidji Daily Pioneer Bemidji, MN

Article from The Bemidji Daily Pioneer, December 28, 1920

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Article Text

FIRE IN MINNEAPOLIS CAUSES HEAVY DAMAGE Minneapolis, Dec. 28. Fire which drove 100 persons into the streets during the subzero weather forced the suspension of business in four downtown buidlings including two banks, and threatened to sweep thru a valuable section of the business district, was under control at noon yesterday after doing damage estimated at $200,000. The greatest damage was done at 523/ Marquette avenue. where a fourstory brick front structure was completely destroyed. Other buildings either demaged or menaced SO that their occupants had to leave, were the Rand building. the State Bank of Commerce building and the Union State bank building. Fire lines were drawn about the burning area SO that the thousands of speculators who gathered at the scene might not be injured by falling walls. Because of the large sums of cash in the two banks, detectives were assigned to protect the institutions.

2. December 31, 1920 The Mankato Free Press Mankato, MN

Article from The Mankato Free Press, December 31, 1920

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Article Text

Fire In Minneapolis Building Drove 100 Persons Into Streets [Associated Press Dispatch.] Minneapolis, December 27.-Fire pletely destroyed. Other buildings which drove 100 persons into the either damage or menaced so that street during sub-zero weather, forctheir occupants had to leave, were ed the suspension of business in the State Bank of Commerce buildfour downtown buildings including ing and the Union State bank buildtwo banks, and threatened to sweep ing. Fire lines were drawn about through a valuable section of the the burning area so that the thous. business district, was under control ands of spectators who gathered at at noon today after doing damage the scene might not be injured by estimated at $200,000. falling walls. The greatest damage was done at Because of the large sums of cash 523 Marquette avenue where a fourin the two banks, detectives were story brick front structure was comassigned to protect the institutions.