Osakis State Bank - Osakis, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1926*
Location: Osakis, Minnesota (45.867, -95.152)

Metadata

Model: gpt-5-mini
Short Digest: 5babe0bf

Response Measures

None

Description

Articles (Dec 1928) refer to the Osakis State Bank having closed its doors in 1926 and a receiver being in charge; no mention of a depositor run or temporary reopening. Cause of suspension/closure is not given in the excerpts. I corrected minor OCR spacing in quoted snippets but did not change substantive facts.

Events (3)

1. January 1, 1926* Receivership

Newspaper Excerpt: the receiver in charge of the Osakis State Bank which closed it doors in 1926
Source: newspapers

2. January 1, 1926* Suspension

Cause Details: Article only states the bank closed its doors in 1926; no reason given in provided excerpts.
Newspaper Excerpt: the Osakis State Bank which closed it doors in 1926
Source: newspapers

3. December 13, 1928 Other

Newspaper Excerpt: The civil action brought by H. J. and D. B. Caughren against the receiver in charge of the Osakis State Bank ... The jury awarded the plaintiffs judgment in the sum of $1,500.
Source: newspapers

Newspaper Articles (2)

1. December 13, 1928 The Sauk Centre Herald Sauk Centre, MN

Article from The Sauk Centre Herald, December 13, 1928

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Article Text

H. J. and D. B. Caughren Win Osakis Bank Case Are Given Verdict for $1,150 Against State Banking Department by District The civil action brought by H. J. and D. B. Caughren against the receiver in charge of the Osakis State Bank which closed it doors in 1926, was the last case tried at the adjourned term of Douglas county court at Alexandria last week and the verdict was not brought in until after Judge Cameron had left town. The jury awarded the plaintiffs judgment in the sum of $1,500. The suit was brought by Caughren's against the State banking department for breach of contract, the plaintiffs claiming that the Oskis State Bank had taken a tenyear lease of their banking house from them and five years were left to run when the bank closed. The plaintiffs had spent considerable sum of money in fixing up the building for banking purposes, and asked to be reimbursed, Ralph S. Thornton was attorney for the plaintiffs and Messrs. Leach & Swore appeared for the State Banking department.-Osakis Review.

2. December 13, 1928 The Sauk Centre Herald Sauk Centre, MN

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Article Text

H. J. and D. B. Caughren Win Osakis Bank Case Are Given Verdict for $1,150 Against State Banking Department by District The civil action brought by H. J. and D. B. Caughren against the receiver in charge of the Osakis State Bank which closed it doors in 1926, was the last case tried at the adjourned term of Douglas county court at Alexandria last week and the verdict was not brought in until after Judge Cameron had left town. The jury awarded the plaintiffs judgment in the sum of $1,500. The suit was brought by Caughren's against the State banking department for breach of contract, the plaintiffs claiming that the Oskis State Bank had taken a tenyear lease of, their banking house from them and five years were left to run when the bank closed. The plaintiffs had spent considerable sum of money in fixing up the building for banking purposes, and asked to be reimbursed. Ralph S. Thornton was attorney for the plaintiffs and Messrs. Leach & Swore appeared for the State Banking ,department.-Osakis Review. Henry Otto, Sr., accompanied by Harry Boyer left Sauk Centre Frida enroute to Edinberg, Texas, where they will spend the remainder of the winter. Mr. Otto goes to Texas for the purpose of attending to his business interests. Mr. and Mrs. H. C. Lembke accompanied by A. J. Baurenfiend motored to Minneapolis this Thursday morning, where the two gentlemen attend the 10,000 Lakes Association meeting tomorrow. Mr. and Mrs. Lembke will also visit with their daughter and family, Mr. and Mrs. J. R. Hines.