9898. Bank of St Charles (St Charles, MN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
August 4, 1893
Location
St Charles, Minnesota (43.969, -92.064)

Metadata

Model
gpt-5-mini
Short Digest
9c7ee532

Response Measures

None

Description

The bank suspended on Aug 4, 1893, was examined by the state bank examiner and pronounced solvent; depositors agreed to refrain from withdrawals and the bank announced resumption of business Aug 21, 1893. The articles do not describe a depositor run; suspension appears part of the wider 1893 banking distress (systemic).

Events (2)
1. August 4, 1893 Suspension
Cause
Macro News
Cause Details
Suspension occurred during the wave of bank failures/distress in August 1893; article lists multiple recent bank failures in the region, suggesting systemic panic/financial crisis rather than a bank-specific scandal.
Newspaper Excerpt
the Bank of St. Charles, which suspended Aug. 4
Source
newspapers
2. August 21, 1893 Reopening
Newspaper Excerpt
The bank will resume business on Monday, Aug. 21. ... has been pronounced perfectly solvent. At a meeting of a committee of depositors the latter agreed to not further withdraw deposits until Dec. 1 next.
Source
newspapers

Newspaper Articles (5)
1. August 10, 1893 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, August 10, 1893

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Article Text

Bank et la West Side Bank de St. Paul, Minn., ont fait faillite. La Balk of St Charles, Minn., au capital de 150,000 dollars A suspendu ses paiements. Fermées sont les portes de la Exchange Bank of Colby, Wis. MM. A. Thayer et Co banquiers de Sparta, Wis., ont fait faillite. OLa Peoples Bark of Waseca, Minn. L'Etat du Wisconsin a subi une perte de $150,000 par les recentes faillites de banques. La compagnie d'assurance mu tuelle centre le feu, de Bangor, Maine, a déposé son bilan vendredi dernier. Le montant des risques de la compaguie est actuellement de $2,500,000.

2. August 16, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 16, 1893

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Article Text

St. Charles Bank to Resume. WINONA, Minn., Aug. 16.-A private dispatch from St. Charles states that the Bank of St. Charles, which suspended Aug. 4, has undergone an examination by the state bank examiner and has been pronounced perfectly solvent. Ata meeting of a committee of depositors the latter agreed to not further withdraw deposits until Dec. 1 next. The bank will resume business on Monday, Aug. 21. NON

3. August 17, 1893 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, August 17, 1893

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Article Text

St. Charles Bank to Resume. WINONA, Minn., Aug. 16.-A private dispatch from St. Charles states that the Bank of St. Charles, which suspended Aug. 4, has undergone an examination by the state bank examiner and has been pronounced perfectly solvent. At a meeting of a committee of depositors the latter agreed to not further withdraw deposits until Dec. 1 next. The bank will resume business on Monday, Aug. 21.

4. August 18, 1893 The Mitchell Capital Mitchell, SD
Article from The Mitchell Capital, August 18, 1893

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Article Text

St. Charles Bank to Resume. WINONA, Minn., Aug. 16.-A private dispatch from St. Charles states that the Bank of St. Charles, which suspended Aug. 4, has undergone an examination by the state bank examiner and has been pronounced perfectly solvent. At a meeting of a committee of depositors the latter agreed to not further withdraw deposits until Dec. 1 next. The bank will resume business on Monday, Aug. 21.

5. August 19, 1893 Red Lodge Picket Red Lodge, MT
Article from Red Lodge Picket, August 19, 1893

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Article Text

St. Charles Bank to Resume. WINONA. Minn., Aug. 16.-A private dispatch from St. Charles states that the Bank of St. Charles, which suspended Aug. 4, has undergone an examination by the state bank examiner and has been pronounced perfectly solvent. Ata meeting of a commitee of depositCIS the latter agreed to not further withdraw deposits until Dec. 1 next. The bank will resume business on Monday, Aug. 21.