9796. Chippewa County State Bank (Montevideo, MN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 28, 1921
Location
Montevideo, Minnesota (44.942, -95.724)

Metadata

Model
gpt-5-mini
Short Digest
1a1c721e

Response Measures

None

Description

State banking department ordered the bank closed July 28, 1921. Shareholders petitioned for a receiver Oct 11, 1921. Newspaper items from March 1922 report plans to reopen May 2, 1922. No article describes a depositor run — closure was by state examiner order (government action) and later planned reopening.

Events (3)

1. July 28, 1921 Suspension
Cause
Government Action
Cause Details
Closed by order of S. B. Duea, state superintendent of banks (state examiner ordered institution to suspend).
Newspaper Excerpt
The Chippewa county State Bank of Montevideo, has been closed by an order of S. B. Duea, state superintendent of banks
Source
newspapers
2. October 11, 1921 Receivership
Newspaper Excerpt
Stockholders and depositors of the Chippewa County State bank, of this city, which was recently taken in charge by the state bank examiner, have petitioned the district court to appoint a receiver for the situation ... The petitioners have asked that R. V. Gordon of this city be appointed receiver for the bank.
Source
newspapers
3. May 2, 1922 Other
Newspaper Excerpt
If present plans are carried out the Chippewa State bank, closed here by the state banking department several months ago, will be reopened for business May 2.
Source
newspapers

Newspaper Articles (5)

Article from The Mankato Free Press, July 29, 1921

Click image to open full size in new tab

Article Text

MONTEVIDEO BANK CLOSES State Examiner Orders Institution To Suspend [Associated Press Inspatch] St. Paul, July 28.-The Chippewa county State Bank of Montevideo, has been closed by an order of S. B. Duea, state superintendent of banks, it was announced at the office of the state bank examiner today.


Article from The Mankato Free Press, October 14, 1921

Click image to open full size in new tab

Article Text

PETITION FOR RECEIVER. Montevideo, Minn., October 11.Stockholders and depositions of the Chippewa County State bank, of this city. which was recently taken in charge by the state bank examiner, ave petitioned the district cour to appoint a receiver for the situation in hopes that the business affairs of the bank can be straightened out so that the institution can be reopened. If this move on the part of the petitioners is successful it will doubtless prevent tht state bank examining department from having the bank liquidated. The petitioners have asked that R. V. Gordon of this city be appointed receiver for the bank.


Article from The Sauk Centre Herald, October 20, 1921

Click image to open full size in new tab

Article Text

Farmers State bank of Perham by of the Duea, state superintendent and S. B. banks. It is capitalized at $20,000 has surplus of 4,000. Canby-Iver Skorseth, one of the hands on the North railway, suffered a in oldest Western section caught badly mangled hand when it was the of a coal hoister. Winons- gears Affred Hertzfeldt, aged 24, Wis. was killed when the car Areadia, and four companions were the returning in which from Winona went off three miles south of Arcadia. road St. Paul-Plans are being made for reopening of the Chippewa State state the bank of Montevideo, S. B. Duea, Action superintendent of banks, said. been contemplated by some persons had interested in the bank to have the court appoint a receiver. Paul-.The rights of Indians to St lands which have been alloted and hunt them on regardless of state laws in the to is to be tested out Cass regulations county district court at Carlos Cass the next term of court, Lake Avery, state game and fish commissioner, Minneapolis- reported. Co-operation of asso- the Civic & Commerce ciation Minneapolis with the St. Cloud Commercial Novemfor a joint celebration on paved club 15 of the opening of the ber between Minneapolis the and two St. highway Cloud is assured, officials of organizations said. Worthington-At a meeting immense of farhere, gathering of the dismers crop of Nobles county was 3 1/2 cussed. corn A price of 2 1/2 cents to cents was agreed upon as the proper corn. to be paid for picking the of It amount is believed there will be plenty help at these prices. Detroit-James, 17-year-old son of and Mrs. Sidney Kendall, met alMr. instant death by the accidental was discharge most of a shotgun. The boy In some ducks from a boat. hammer hunting the oar caught the the manner the gun and discharged it, charge of entering the boy's breast. Buhl-A temporary injunction Buhl to all further work on the deprevent Kinney high schools and to been and void contracts that have the clare for the last two years, on let of extravagance and excessive lo grounds expenditures, is asked for by four the cal mining companies against Buhl board of education. Duluth-Vision: of a warm bed, to eat, warm clothes to wear, regplenty motion pictures twice each week, church services and light work, 71 ular is said, induced Frank Gordon, it old, to set fire to a small breaking storage years building for the purpose of now into Stillwater prison. He is poscharged with arson and faces a in sibility of seven years' maximum the state prison. St. Paul-Preliminary steps for county the organization of the Ramsey Sanity division of the Minnesota held were taken at a meeting about league A meeting will be held in here. days to effect the permanent organ- of the ization 10 of the section. The aim alloworganization is to work for the light of the legal sale of beer and wines. ance Horace Whitmore is chairman headthe state organization, with Minof quarters in the St. Regis hotel, of 10 neapolis. An advisory board will be appointed. Minneapolis-La enforcement offiwho neglect to do their duty sanc- in cers enforcement of the liquor laws should tion lawlessness and crime and removed from office, S. B. Qvale, federal be prohibition director for Minne- to said in a communication sent posota, county attorneys, sheriffs, mayors, villice officers, state, county, city, and town officers. He pleaded the for lage co-operation in "protecting blindhome against bootleggers and the piggers" through enforcement of 18th amendment, state amendments and the Volstead act. Bemidji-A yield of 600 bushels of potatoes to the acre was reported has by H. M. Clark of this city, who north a farm near Puposky, a few miles about of Bemidji. An average crop Beltrami of bushels to the acre in Dvor200 county is predicted by Daniel C. acek, county agent. Moorhead-Peter Ness, night the pa. trolman here, was shot through left eye by two bandits who attempt- The ed to hold up a restaurant, block wounded officer staggered a from the scene of the shooting before he fell. Physicians say there is some hope for his recovery. Practically every denin the city was At one tist's sneak Rochester office thieves. place visited about by $100 in gold was taken. Albert Lea- F. Nelson, for while over years a resident here, died gitting in an automobile He leaves


Article from Warren Sheaf, March 22, 1922

Click image to open full size in new tab

Article Text

was elected at the village election. The honor goes to Ada Carlson. elected treasurer. Albert Lea-N. S. Nelson, owner of the Albert Lea Ice & Fuel company, and one of the most prominent busi ness men in this action, dropped dead in this city. St. Paul-Freeman P. Strong of St. Paul, former president of Farwell, Ozmun, Kirk & Co., died at San Francisco after a three weeks' illness. He was 75 years old. Erskine-This town has the distinction of having elected the first woman mayor to serve in Polk county. Mrs. Carolina P. Cringstad was elected by a substantial majority. Montevideo-If present plans are carried out the Chippewa State bank, closed here by the state banking department several months ago, will be reopened for business May 2. Hibbing-Victo L. Power, under whose administration Hibbing gained the name of "the richest village in the world," was defeated in his attempt at re-election as president of the village. Wabasha-City Attorney Michael Marx, 51 years old, prominent in state Democratic circles, died here. He was formerly Wabasha county attorney and a candidate for the 1920 Legislature. Rochester-After running continually for 65 years, the Rochester Milling company announced its plant would be shut down, for four months, during which time the building would be entirely remodeled. Slayton-L. M. Adams was elected mayor of Slayton for the third suceessive term in yesterday's village eleetion. He was unopposed. All officers of the village of Slayton were elected without opposition. Balaton-Because the last coal has been thrown into the firebox of the heating plant of the school, it was announced classes would be dismissed until a car of coal, en route several weeks should arrive. Waseca-A fire which started from defective wiring in the sheriff's bedroom in the county jail threatened the building with destruction. The prisoners were utilized as a bucket brigade and kept the fire in check until the department arrived. Ottertail-Della Sarnie, purebred Guernsey cow owned by Henry Bartels has set an unusual record, being the mother of seven calves although only 4 years old. The cow gave birth to calves the first two years, then twins were born and lastly triplets. Fairmont-The Fairmont Farmers' Shipping association, including between 500 and 600 farmers near Fairmont and surrounding territory, shipped $263,331.93 worth of hogs, cattle and sheep for the year ending March 1, according to the yearly report read at the annual meeting of the association here: This is slightly more-than one-third of the amount of money received for approximately the same amount of livestock for the year ending March 1, 1921. Brewster - Miss Mabel Hansen, member of the civics class in the local high school, shot one of her feet almost off while the members of the class were studying sound waves. A shotgun was being used to produce the sound and Miss Hansen was selected to shoot the firearm. Thinking it was loaded with a blank shell, the girl shot towards the floor. A regularly loaded shell was in the gun and the shot passed through her foot and ankle. Blooming Prairie-Melvis Solberg was elected president of the village council.


Article from The Tomahawk, March 23, 1922

Click image to open full size in new tab

Article Text

# EVENTS BRIEFLY TOLD Where Busy Readers Will Find News From All Parts of State Tersely Chronicled for Their Benefit. Gilbert—Aurora Legion basketball team, the range championship claimants, were defeated by the Gilbert City team, 30 to 24. Madison—Contracts have been let for the construction of judicial ditch No. 4, in Lac qui Parle county, to cost $132,901.60. Chisholm—The administration ticket was defeated. George Trask was elected mayor by 200 majority and the entire opposition ticket with him. St. Cloud—Mr. and Mrs. Charles E. Bell, for almost 40 years prominent residents of Sauk Rapids, celebrated their golden wedding anniversary. Biwabik—In the largest vote ever recorded at a village election here, G. H. Lommen was chosen mayor over Grover C. Helsel by a vote of 350 to 280. Minneapolis—Mrs. Webster Tallant was re-elected president of the Minnesota society, Daughters of the Revolution, at the annual convention held here. Montevideo—If present plans are carried out the Chippewa State bank, closed here by the state banking department several months ago, will be reopened for business May 2. Hibbing—Victor L. Power, under whose administration Hibbing gained the name of "the richest village in the world," was defeated in his attempt at re-election as president of the village. Wabasha—City Attorney Michael Marx, 51 years old, prominent in state Democratic circles, died here. He was formerly Wabasha county attorney and a candidate for the 1920 Legislature. Rochester—After running continually for 65 years, the Rochester Milling company announced its plant would be shut down, for four months, during which time the building would be entirely remodeled. Slayton—L. M. Adams was elected mayor of Slayton for the third successive term in yesterday's village election. He was unopposed. All officers of the village of Slayton were elected without opposition. Balaton—Because the last coal has been thrown into the firebox of the heating plant of the school, it was announced classes would be dismissed until a car of coal, en route several weeks should arrive. St. Paul—John Briggs West, founder of the West Publishing company, and a resident of St. Paul more than 40 years, died at his home in Pasadena, Calif., from heart disease after an illness of one month. White Bear—White Bear will have a special village election March 30 to decide the contest for mayor, which resulted in a tie vote at the regular village election last Tuesday. Earl F. Jackson and Peter Fournelle each polled 348 votes. Ellendale—By a majority of nine votes, the final phase of a bitter fight on the consolidation of five school districts was settled, when at a special village election here, the voters indorsed the issuance of bonds in the sum of $75,000 to build a consolidated school. Moorhead—Mrs. Leo Jenny today instituted suit for $7,500 against the Union Light, Heat and Power company, for the death of her husband, who was asphyxiated Dec. 5, 1921. Mrs. Jenny alleges pipes in the rooming house where the accident occurred were defective. Winona—Announcement of the enlargement of the College of Saint Teresa, Catholic school for women in this city, to the proportions of a university and a change in name to the "Teresan University," was made public by Bishop Patrick R. Heffron of the diocese of Winona. Minneapolis—Charles S. Sedgwick, architect, designer of the Westminster Presbyterian church, the old Y. M. C. A., the Dayton store building, and many other churches, business blocks and residences of the city, died at St. Barnabas hospital. He was 66 years old. Brewster — Miss Mabel Hansen, member of the civics class in the local high school, shot one of her feet almost off while the members of the class were studying sound waves. A shotgun was being used to produce the sound and Miss Hansen was selected to shoot the firearm. Thinking it was loaded with a blank shell, the girl shot towards the floor. A regularly loaded shell was in the gun and the shot passed through her foot and ankle. Faribault—If present plans of the Rice County National Farm Loan association mature, $144,000 will be available among the farmers of the county the coming summer. The organization of the association was perfected here at a meeting at which farmers desiring loans were present. Canby—Two farmers were driving a herd of cattle down a business street of this town when two of the calves strayed onto the city sidewalk. Losing their footing the animals crashed through a plate glass window. It cost