9884. First State Bank (Sauk Center, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 30, 1936
Location
Sauk Center, Minnesota (45.737, -94.953)

Metadata

Model
gpt-5-mini
Short Digest
fc5ea731

Response Measures

None

Description

Multiple foreclosure notices reference that a certain mortgage was assigned to F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, under the jurisdiction of the District Court of Stearns County, Minnesota. That language indicates the bank was placed under court supervision/receiver/trustee for depositors (i.e., closed/placed in receivership). No article describes a depositor run; articles are foreclosure sale notices and reference the trustee, so the bank appears to have suspended/closed and been in receivership. Date entries use the publication date of the notice (1936-01-30).

Events (3)
1. January 30, 1936 Receivership
Newspaper Excerpt
F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, under the jurisdiction of the District Court of Stearns County, Minnesota, by written instrument recorded ... (mortgage assigned to trustee for depositors).
Source
newspapers
2. January 30, 1936 Suspension
Cause
Government Action
Cause Details
Mortgage interest and indebtedness were assigned to a trustee for depositors under jurisdiction of the District Court (court-appointed trustee/receivership).
Newspaper Excerpt
assigned by the said Bank to F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, under the jurisdiction of the District Court of Stearns County, Minnesota
Source
newspapers
3. March 13, 1936 Other
Newspaper Excerpt
said bounded tract ... will be sold by the sheriff of said county at public auction on the 13th day of March, 1936 ... to pay the debt then secured by said mortgage ... subject to redemption within twelve months from said date of sale.
Source
newspapers

Newspaper Articles (4)
1. January 30, 1936 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, January 30, 1936

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Article Text

NOTICE OF MORTGAGE FORECLOSURE SALE NOTICE IS HEREBY GIVEN, That default has occurred in the conditions of that certain mortgage, dated the First day of October, 1928, executed by John William Gillies and Mary Gillies as mortgagors to First State Bank of Sauk Centre as mortgagee, filed for record in the office of the Register of Deeds in and for the County of Stearns, and State of Minnesota, on the 11th day of October. 1928, at 10 o'clock A. M., and recorded in Book 105 of Mortgage Records, page 235 thereof; and a certain interest in which mortgage, and the indebtedness secured thereby, was thereafter assigned by the said Bank to F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, under the jurisdiction of the District Court of Stearns County, Minnesota, by written instrument recorded in the office of said Register of Deeds in Book "V" of Assignments and Agreements on Page 566 thereof; that no action or proceeding has been instituted at law to recover the debt secured by said morgage, or any part thereof; that there is due and claimed to be due upon said mortgage, including interest to date hereof, the sum of $5833.33; and that pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being in the County of Stearns, State of Minnesota, described as follows, to-wit: The West half of the Southwest Quarter of the Southeast Quarter (W SW (SE1/4) of Section numbered fourteen (14) in Township numbered one hundred twentysix (126) of Range numbered thirty-four (34). also all that part of the Southwest Quarter of said section numbered fourteen (14) contained within the following described metes and boundary lines, to-wit: Beginning at the Northwest corner of said Southwest Quarter thence running South to a point seventy-five (75) feet North of the center line of the right of way of the Great Northern Railway Company running across salid Southwest Quarter and thence running in a Southeasterly direction along the Northerly side of said right of way to its intersection with the South line of said Section fourteen (14) thence East to the Souheast corner of said Southwest Quarter thence North to the Northeast corner thereof and thence West to the place of beginning, said bounded tract being all that part of said Southwest Quarter which lies East and North of said Railway right of way will be sold by the sheriff of said county at public auction on the 13th day of March, 1936, at 10 o'clock A. M., at the front (North) door of the Post Office in the City of Sauk Centre in said county and state, to pay the debt then secured by said mortgage and taxes, if any, on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated January 30th. 1936. FIRST STATE BANK OF SAUK CENTRE and F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, Minn. Mortgagee & Assignee of Mortgagee. L. L. Kells Attorney for Mortgagee & Assignee Sauk Centre, Minn. Published Jan. 30-Feb. 6, 13. 20, 27, March 5, 1936

2. February 6, 1936 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, February 6, 1936

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Article Text

executed by John William Gillies said bounded tract being all that and Mary Gillies as mortgagors to part of said Southwest Quarter First State Bank of Sauk Centre which lies East and North of said as mortgagee, filed for record in Railway right of way will be sold the office of the Register of Deeds by the sheriff of said county at in and for the County of Stearns, public auction on the 13th day of and State of Minnesota, on the 11th March, 1936, at 10 o'clock A. M., at day of October. 1928, at 10 o'clock the front (North) door of the Post A. M., and recorded in Book 105 of Office in the City of Sauk Centre in Mortgage Records, page 235 theresaid county and state, to pay the of: and a certain interest in which debt then secured by said mortgage mortgage, and the indebtedness and taxes, if any, on said premises secured thereby, was thereafter and the costs and disbursements assigned by the said Bank to F. S. allowed by law, subject to redempCooper as Trustee for Depositors tion within twelve months from of First State Bank of Sauk Centre, said date of sale. under the jurisdiction of the DisDated January 30th. 1936. trict Court of Stearns County, MinFIRST STATE BANK nesota, by written instrument reOF SAUK CENTRE corded in the office of said Register and F. S. Cooper as of Deeds in Book "V" of AssignTrustee for Depositors ments and Agreements on Page 566 of First State Bank of thereof; that no action or proceedSauk Centre, Minn. ing has been instituted at law to Mortgagee & Assignee recover the debt secured by said of Mortgagee. morgage, or any part thereof; that L. L. Kells there is due and claimed to be due Attorney for Mortgagee & Assignee upon said mortgage, including inSauk Centre, Minn. terest to date hereof, the sum of Published Jan. 30-Feb. 6, 13. 20, 27, $5833.33; and that pursuant to the March 5, 1936 power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and beOrder for Hearing on Final Account and Petition for Distribution ing in the County of Stearns, State State of Minnesota, of Minnesota. described as follows, to-wit: The West half of the SouthCounty of Stearns IN PROBATE COURT west Quarter of the Southeast Quarter (W%SW%SE%) of Section In Re Estate of Jacob Sieben, Decedent. numbered fourteen (14) in TownThe representative of the above ship numbered one hundred twentysix (126) of Range numbered thirnamed estate having filed his final ty-four (34). also all that part of account and petition for adjustment and allowance thereof and for disthe Southwest Quarter of said section numbered fourteen (14) contribution to the persons thereunto entitled, tained within the following described metes and boundary lines, IT IS ORDERED, That the hearto-wit: Beginning at the Northing thereof be had on February 14th, west corner of said Southwest 1936, at 9 o'clock, A. M., before this Court in the probate court room in Quarter thence running South to the court house in the City of St. a point seventy-five (75) feet North of the center line of the right of Cloud. Minnesota, and that notice hereof be given by publication of way of the Great Northern Railwav this order in the Sauk Centre HerCompany running across said Southwest Quarter and thence runald. a legal newspaper and by mailed notice as provided by law. ning in a Southeasterly direction Dated January 21st, 1936. along the Northerly side of said (COURT SEAL) right of way to its intersection Paul Ahles with the South line of said Section fourteen (14) thence East to the Probate Judge Victor T. Conklin, Esq. Souheast corner of said Southwest Attorney for Petitioner Quarter thence North to the NorthSauk Centre, Minn. east corner thereof and thence Published, Jan. 23-30-Feb. 6, 1936 West to the place of beginning,

3. February 13, 1936 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, February 13, 1936

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Article Text

SUBSCRIBE TO THE HERALD # NOTICE OF MORTGAGE FORECLOSURE SALE NOTICE IS HEREBY GIVEN, That default has occurred in the conditions of that certain mortgage, dated the First day of October, 1928, executed by John William Gillies and Mary Gillies as mortgagors to First State Bank of Sauk Centre as mortgagee, filed for record in the office of the Register of Deeds in and for the County of Stearns, and State of Minnesota, on the 11th day of October, 1928, at 10 o'clock A. M., and recorded in Book 105 of Mortgage Records, page 235 thereof; and a certain interest in which mortgage, and the indebtedness secured thereby, was thereafter assigned by the said Bank to F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, under the jurisdiction of the District Court of Stearns County, Minnesota, by written instrument recorded in the office of said Register of Deeds in Book "V" of Assignments and Agreements on Page 566 thereof; that no action or proceeding has been instituted at law to recover the debt secured by said morgage, or any part thereof; that there is due and claimed to be due upon said mortgage, including interest to date hereof, the sum of $5833.33; and that pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being in the County of Stearns, State of Minnesota, described as follows, to-wit: The West half of the Southwest Quarter of the Southeast Quarter (W½SW¼SE¼) of Section numbered fourteen (14) in Township numbered one hundred twenty-six (126) of Range numbered thirty-four (34). also all that part of the Southwest Quarter of said section numbered fourteen (14) contained within the following described metes and boundary lines, to-wit: Beginning at the Northwest corner of said Southwest Quarter thence running South to a point seventy-five (75) feet North of the center line of the right of way of the Great Northern Railway Company running across said Southwest Quarter and thence running in a Southeasterly direction along the Northerly side of said right of way to its intersection with the South line of said Section fourteen (14) thence East to the Souheast corner of said Southwest Quarter thence North to the Northeast corner thereof and thence West to the place of beginning, said bounded tract being all that part of said Southwest Quarter which lies East and North of said Railway right of way will be sold by the sheriff of said county at public auction on the 13th day of March, 1936, at 10 o'clock A. M.. at the front (North) door of the Post Office in the City of Sauk Centre in said county and state, to pay the debt then secured by said mortgage and taxes, if any, on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated January 30th, 1936. FIRST STATE BANK OF SAUK CENTRE and F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, Minn. Mortgagee & Assignee of Mortgagee. L. L. Kells Attorney for Mortgagee & Assignee Sauk Centre, Minn. Published Jan. 30-Feb. 6, 13. 20, 27. March 5, 1936

4. February 27, 1936 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, February 27, 1936

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Article Text

# NOTICE OF MORTGAGE FORECLOSURE SALE NOTICE IS HEREBY GIVEN, That default has occurred in the conditions of that certain mortgage, dated the First day of October, 1928, executed by John William Gillies and Mary Gillies as mortgagors to First State Bank of Sauk Centre as mortgagee, filed for record in the office of the Register of Deeds in and for the County of Stearns, and State of Minnesota, on the 11th day of October, 1928, at 10 o'clock A. M., and recorded in Book 105 of Mortgage Records, page 235 thereof; and a certain interest in which mortgage, and the indebtedness secured thereby, was thereafter assigned by the said Bank to F. S. Cooper as Trustee for Depositors of First State Bank of Sauk Centre, under the jurisdiction of the District Court of Stearns County, Minnesota, by written instrument recorded in the office of said Register of Deeds in Book "V" of Assignments and Agreements on Page 566 thereof; that no action or proceeding has been instituted at law to recover the debt secured by said morgage, or any part thereof; that there is due and claimed to be due upon said mortgage, including interest to date hereof, the sum of $5833.33; and that pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being in the County of Stearns, State of Minnesota, described as follows, to-wit: The West half of the Southwest Quarter of the Southeast Quarter (W½SW¼SE¼) of Section numbered fourteen (14) in Township numbered one hundred twenty-six (126) of Range numbered thirty-four (34). also all that part of the Southwest Quarter of said section numbered fourteen (14) contained within the following described metes and boundary lines, to-wit: Beginning at the North-