Article Text
Receiver Put in Charge. WASHINGTON, Dec. 12.-The comptroller has appointed J. Leslie Thompson. of Sioux Falls, receiver of the Citizens' National Bank of Madison, S. D., which closed its doors Dec. 3.
Citizens National Bank (Madison, SD)
Episode Information
- Episode UID
315101140- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
31510national - Charter Number
- 3151
- Start Date
- December 3, 1894
- Location
- Madison, South Dakota (44.006, -97.114)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
6327b2db2131bd6e
Response Measures
None
Receivership Details
- Depositor recovery rate
- 17.3%
- Date receivership started
- 1894-12-12
- Date receivership terminated
- 1897-10-30
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 5.6%
- Share of assets assessed as doubtful
- 69.9%
- Share of assets assessed as worthless
- 24.5%
Events (4)
1.
April 10, 1884
Chartered
- Source
- historical_nic
2.
December 3, 1894
Suspension
- Cause
- Government Action
- Cause Details
- Bank closed its doors Dec. 3 and was placed into receivership by the comptroller.
- Newspaper Excerpt
- which closed its doors Dec. 3.
- Source
- newspapers
3.
December 12, 1894
Receivership
- Source
- historical_nic
4.
December 12, 1894
Receivership
- Newspaper Excerpt
- The comptroller has appointed J. Leslie Thompson, of Sioux Falls, receiver of the Citizens' National Bank of Madison, S. D., which closed its doors Dec. 3.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Receiver For a Medison Bank. J. Leslie Thompson of Sioux Falls, was appointed receiver of the Citizen's National Bank of Madison, by Comptal er Eckels.
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ANOTHER SHOCK. WITHDRAWAL OF $2,150,000 FROM THE SUB-TREASURY. The Full Tide of Gold Exportation Seems to Have Set in-The Treasury Balance. Washington, Dec. 13.-The net gold balance in the treasury received another heavy shock by the withdrawal of $2,150,000 from the sub-treasury in New York, which leaves a true balance of $103,378,475. Of this amount withdrawn only $1,300,000 is thought to be for export. The full tide of the gold exportation seems to have set in, and when it will cease is the problem which the treasury officials do not care to discuss. The cash balance in the treasury was $155,571,782. So far this month the expenditures of the treasury department exceed the receipts by $4,204,530, making a total deficit, since July, 1894, the beginning of the fiscal year, of $26,499,645. The comptroller of currency has appointed J. Leslie Thompson, of Sioux Falls, receiver of the Citizens' National bank, of Madison, S. D., which closed its doors December 3.
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Article Text
In Circuit Court. State of South Dakota, 88. 2nd Judicial Circuit. County of Lake. Alex D. Forbes, plaintiff, VP. Marie P. Sobstad, Johan H. Sobstad, the Citizen's NationSummons. al bank, of Madison, S. D., and J. Leelie Thompson as Receiver of said bank, Wilber F. Smith and A. W. McCready, defendants. The state of South Dakota sends gree g to the above named defendants: You are hereby summoned and required to answer the complaint in this action, which will be filed on the 22d day of March, A. D. 1895, in the office of the clerk of the Circuit court within and for said Lake county, at Madison, South Dakota. and to serve a copy of your answer on the subscriber at his office in the city of Madison, South Dakota, within thirty days after the service of this summone, exclusive of the day of service. If you fail to answer the complaint within that time, the plaintif will apply to the court for the relief demanded in the complaint, besides costs. Dated at Madison, South Dakota, this 22nd day of March, A. D. 1895. J. H. WILLIAMSON. Plaintiff's Attorney. To the above named defeudants: You will please take notice that the complaint in the above entitled action was filed in the office of the clerk of the circuit court within and for said 1895. Lake county, South Dakota, March 22nd, J. H. WILLIAMSON, Plaintiff's Attorney.
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Summons State of South Dakota, In Circuit Court. 88. County of Lake. 2nd Judicial Circuit. Alex D. Forbes, plaintiff, vs. Marie P. Sobstad, Johan H. Sobetad, the Citizen's NationSummons. al bank, of Madison, S. D., and J. Leelle Thompson as Receiver of said bank, Wilber F. Smith and A. W. McCready, defendants. The state of South Dakota seuds reetin to the above named defendants: You are hereby summoned and required to answer the complaint in this action, which will be filed on the 22d day of March, A. D. 1895, in the office of the clerk of the Circuit court within and for said Lake county, at Madison, South Dakota. and to serve a copy of your answer on the subscriber at his office in the city of Madison, South Dakota, within thirty days after the service of this summone, exclusive of the day of service. If you fail to answer the complaint within that time, the plaintif will apply to the court for the relief demanded in the complaint, besides costs. Dated at Madison, South Dakota, this 22nd day of March, A. D. 1895. J. H. WILLIAMSON. Plaintiff's Attorney. To the above named defeudants: You will please take notice that the complaint in the above entitled action was filed in the office of the clerk ofthe circuit court within and for 1895. said Lake county, South Dakota, March 22nd, J. H. WILLIAMSON, Plaintiff's Attorney.
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Notice of Sheriff's Sale on Execution. Notice is hereby given, that by virtue of a special execution issued out of the circuit court of the second judicial circuit of the State of South Dakota, within and for the County of Lake in the case of Alex D. Forbes plaintiff vs. Marie P. Sobstad, John H. Sobstad the Citizens National Bank of Madison, S. D., and J. Leslie Thompson as receiver of said Bank, Wilber F. Smith and A. W. McCready, defendants, upon a judgment for the foreclosure of the mortgage described in the complaint in said action to raise the eum of nineteen hundred and two ($1902.00) dollars damages and costs, with interest thereon from the date of said judgment, which said judgment was dated the Dinth day of August A. D. 1895, and was duly filed and docketed in the office of the clerk of the circuit court of the second judicial circuit of the State of South Dakota, within and for the County of Lake upon the tenth day of August A. D. 1895, I have levied upon the real estate described in said judgment and situated in the County of Lake and State of South Dakota and described as follows, to-wit: Lot number ten (10) in block number nine (9) in the City of Madison Lake Co., South Dakota, (formerly Dakota Teritory) in the original
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Notice of Sheriff's Sale on Execution. Notice is hereby given, that by virtue of a special execution issued out of the oirenit court of the second judicial circuit of the State of South Dakota, within and for the County of Lake in the case of Alex D. Forbee plaintif vs. Marie P. Sobstad, John H. Sobstad the Citizens National Bank of Madison, S. D., and J. Leslie Thompson as receiver of said Bank, Wilber F. Smith and A. W. McCready, defendants, upon a judgment for the foreclosure of the mortgage described in the complaint in said action to raise the eum of nineteen hundred and two ($1902.00) dollars damages and costs, with interest thereon from the date of eaid judgment, which said judgment was dated the ninth day of August A. D. 1895, and was duly filed and docketed in the office of the clerk of the circuit court of the second judicial circuit of the State of South Dakota, within and for the County of Lake upon the tenth day of August A. D. 1895, I have levied upon the real estate described in said judgment and situated in the County of Lake and State of South Dakota and described as follows, to-wit: Lot number ten (10) in block number nine (9) in the City of Madison Lake Co., South l'akota, (formerly Dakota Teritory) in the original
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# Notice of Sheriff's Sale on Execution. Notice is hereby given, that by virtue of a special execution issued out of the circuit court of the second judicial circuit of the State of South Dakota, within and for the County of Lake in the case of Alex D. Forbes plaintif vs. Marie P. Sobstad, John H. Sobstad the Citizens National Bank of Madison, S. D., and J. Leslie Thompson as receiver of said Bank, Wilber P. Smith and A. W. McCready, defendants, upon a judgment for the foreclosure of the mortgage de-
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RECEIVER'S SALE. For the purpose of closing the affairs of the Citizens National Bank I hereby offer for sale the following described real estate belonging to said bank to-wit: The e} w1 and the nw₄ of the se₁ and the se₁ of the se₁ of section 15-106-52 containing about 235 acres. This land is near and adjoining the Chautauqua grounds and is a most excellent piece of land. I have also the se₁ Section 20-105-52 also the sw₁ Section 1107-52; also sw₁ Section 17-108-51; also 18 acres choice land adjoining the city limits on the northeast in Section 5-106-52. Lots 8, 9, 10 and 11, block 12 Kennedy's Extension. Lot 4, block 12 Fuller's Addition. Lot 17, block 20 Original Plat Madison. Lots 5 and 6, block 9 Original Plat. The e1 ne₁ and lots 3 and 4, Section 30-106-51; also lots in all the blocks from No. 1 to No. 40 in Smith & Trow's Summit Addition to Madison. The most attractive prices will be made on all this property by calling on J. LESLIE THOMPSON, RECEIVER. OR JOHN L. JONES, MADISON, S.D.
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Twenty acres of the Taylor lands now belonging to the state was recently appraised by the land commissioner and state auditor at $80 an acre, being raised from $50, which was the appraisement of two years ago. At the time of the Citizen's National Bank failure at Madison that institution was owing the state about $5,000, and in course of the proceedings for settlement the motor line from Madison to the lake was turned over to the state. After being tied up for a time J. Leslie Thompson, as receiver for the banking institution, traded the motor line for a parcel of real estate which has remained in the possession of the state up to this time and has now become valuable, being now estimated to be worth at least $16,000. - Dell Rapids Tribune.