Bank of North St Paul - North St Paul, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 8, 1901
Location: North St Paul, Minnesota (45.012, -92.992)

Metadata

Model: gpt-5-mini
Short Digest: d60840f2

Response Measures

None

Description

The article (1901-01-08) lists the Bank of North St. Paul among book accounts in process of collection against the following banks which appear in bank accounts in hands of assignees and receivers, indicating the bank had been placed in receivership/closed. No article text describes a run prior to closure or a reopening, so classified as a suspension/closure (receivership). Bank charter type not specified in the text, so set to unknown.

Events (1)

1. January 8, 1901 Receivership

Newspaper Excerpt: Bank of North St. Paul 937.36 (listed among banks in hands of assignees and receivers).
Source: newspapers

Newspaper Articles (1)

1. January 8, 1901 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, January 8, 1901

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Article Text

$754,632.06 Received as certified checks on eightynine banks, total, $754,632.06. Also book accounts in process of collection against the following banks which appear in bank accounts in hands of assignees and receivers: State Bank, of Minneapolis, suspended $49,528.10 Farmers' and Merchants' Bank, Minneapolis, suspended 14,582.69 American Exchange Bank, Minneapolis, suspended 18,035.97 Marine National Bank, Duluth : 1,771.56 Bank of North St. Paul 937.36 Also bonds in vault and belonging to the state trust funds, the numbers of which are shown by bond register, total, $7,111,918.84. Per university fund $931,500.00 Internal improvement land fund, Virginia funding bonds 30,000.00 Also items on deposit with the state treasurer and held in trust and safe keeping, total, $147,220.72.