9866. Allemania Bank (Saint Paul, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 17, 1901
Location
Saint Paul, Minnesota (44.944, -93.093)

Metadata

Model
gpt-5-mini
Short Digest
764431e0

Response Measures

None

Description

Articles show Allemania Bank was already in the hands of a receiver by Feb 17, 1901 with assets far below liabilities, court proceedings for creditor claims through 1901, and dividends to creditors in 1902. No article describes a depositor run; the bank failed/was placed in receivership and did not resume operations as a going bank (receiver paid dividends).

Events (4)
1. February 17, 1901 Receivership
Newspaper Excerpt
application of the receiver for an order of the court...W. F. Hunt, its receiver, and all persons interested, show cause ... Dated October 21, 1901. CHARLES E. OTIS, District Judge.
Source
newspapers
2. February 17, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Insolvency: assets (~$15,000) far below liabilities (~$86,000) leading to closure/receivership
Newspaper Excerpt
Judge Otis...had before him the old Allemania bank matter, in the form of the application of the receiver for an order of the court...The assets of the bank are in round numbers about $15,000 and the liabilities $86,000
Source
newspapers
3. December 31, 1901 Other
Newspaper Excerpt
In the case of W. F. Hunt, receiver of the Allemania Bank, of St. Paul, vs. Mrs. Ella L. Grant, of this city, a verdict for $2,000 was given for the plaintiff
Source
newspapers
4. November 27, 1902 Other
Newspaper Excerpt
GET 30 PER CENT Another Dividend Declared for the Benefit of Allemania Bank Creditors...creditors ... will shortly be paid a 10 per cent dividend...the third dividend of this size that has been declared by Receiver William F. Hunt since the bank's failure.
Source
newspapers

Newspaper Articles (5)
1. February 17, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, February 17, 1901

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Article Text

# STOCKHOLDERS MUST ANSWER. Allemania Bank Creditors Press Their Claims in Court. Judge Otis, of the district court, at a special term yesterday, had before him the old Allemania bank matter, in the form of the application of the receiver for an order of the court, assessing the stockholders. The assets of the bank are in round numbers about $15,000 and the liabilities $86,000, with interest. This is a difference of about $70,000 for the receiver to gather up from some quarter, which is the reason for the application. There were several attorneys present and each had an objection to offer on behalf of his client or clients to the plan

2. October 22, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, October 22, 1901

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Article Text

STATE OF MINNESOTA, COUNTY OF Ramsey.-ss. District Court, Second Judicial District. State of Minnesota, ex rel., attorney general, vs. Allemania Bank. Fred Morey having filed in this Court in the action above entitled, his petition for leave to file herein his claim against said defendant, the Allemania Bank of Saint Paul; It is Hereby Ordered, That all creditors of said defendant and W. F. Hunt, its receiver, and all persons interested, show cause, if any they have, before this Court, at a Special Term thereof, to be held in the Court House, at Saint Paul, Minnesota, at ten o'clock in the forenoon of Saturday, the 9th day of November, 1901, why the prayer of said petitioner be not granted. Let this order be published once each week for two successive weeks in the Saint Paul Globe, and a copy thereof be served upon said receiver forthwith. Dated October 21, 1901. CHARLES E. OTIS, District Judge.

3. October 29, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, October 29, 1901

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Article Text

STATE OF MINNESOTA, COUNTY OF Ramsey.-ss. District Court, Second Judicial District. State of Minnesota, ex rel., attorney general, vs. Allemania Bank. Fred Morey having filed in this Court in the action above entitled, his petition for leave to file herein his claim against said defendant, the Allemania Bank of Saint Paul; It is Hereby Ordered, That all creditors of said defendant and W. F. Hunt, its receiver, and all persons interested, show cause, if any they have, before this Court, at a Special Term thereof, to be held in the Court House, at Saint Paul, Minnesota, at ten o'clock in the forenoon of Saturday, the 9th day of November, 1901, why the prayer of said petitioner be not granted. Let this order be published once each week for two successive weeks in the Saint Paul Globe, and a copy thereof be served upon said receiver forthwith. Dated October 21, 1901. CHARLES E. OTIS, District Judge.

4. December 31, 1901 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, December 31, 1901

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Article Text

FARIBAULT-In the case of W. F. Hunt, receiver of the Allemania Bank, of St. Paul, vs. Mrs. Ella L. Grant, of this city, a verdict for $2,000 was given for the plaintiff.

5. November 27, 1902 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, November 27, 1902

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Article Text

GET 30 PER CENT Another Dividend Declared for the Benefit of Allemania Bank CredItors. Creditors of the Allemania bank of St. Paul. will shortly be paid a 10 per cent dividend on their claims, the third dividend of this size that has been declared by Receiver William F. Hunt since the bank's failure. The receiver's report. filed yesterday. shows a cash balance on hand. amounting to $10,517. Total receipts up to date have been $36,059.