Black Hills National Bank (Rapid City, SD)

View Charter #3401 on SPMC View balance sheet

Episode Information

Episode UID
340101116
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
34010 national
Charter Number
3401
Start Date
December 17, 1892
Location
Rapid City, South Dakota (44.081, -103.231)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a27a83db87484129

Response Measures

None

Receivership Details

Depositor recovery rate
35.0%
Date receivership started
1894-07-13
Date receivership terminated
1899-03-13
OCC cause of failure
Losses
Share of assets assessed as good
21.3%
Share of assets assessed as doubtful
23.1%
Share of assets assessed as worthless
55.6%

Description

Bank suspended Dec 1892 and reopened Feb 1893, but ultimately closed/liquidated in June 1894 with a receiver later appointed.

Events (6)
1. October 23, 1885 Chartered
Source
historical_nic
2. December 17, 1892 Suspension
Cause Details
Directors suspended business in mid-December 1892 (exact trigger not specified in provided articles)
Newspaper Excerpt
the Black Hills National bank which suspended business December 17 last
Source
newspapers
3. February 20, 1893 Reopening
Newspaper Excerpt
The directors of the Black Hills National bank, which suspended business Dec. 17, have decided to resume February 20th. The institution resumes business upon a solid financial footing and pays all depositors in full.
Source
newspapers
4. June 22, 1894 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided to go into liquidation; liabilities stated and assets said sufficient to meet them.
Newspaper Excerpt
The doors of the Black Hills National bank were closed this morning by action of the directors, who decided to go into liquidation.
Source
newspapers
5. July 13, 1894 Receivership
Source
historical_nic
6. July 13, 1894 Receivership
Newspaper Excerpt
Acting Controller Coffin today declared the first dividend of 25 per cent in favor of the creditors of the Black Hills National Bank of Rapid City, S. D., ... appointed E. C. Tourtellotte ... receiver ... (article references receiver and dividend).
Source
newspapers

Newspaper Articles (17)
1. January 2, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, January 2, 1893

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Article Text

A GLANCE BACKWARD. Review of the Many Important Happenings of 1892. Heavy Business Failures, Startling Casualties and Horrible Crimes-Industrial, Political and Sporting Events, Disastrous Fires of the Year, Etc. BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie, Pa. Jan. 23-First national bank of Downs, Kan; $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. D.: $30,000 Butler county bank at Chicora, Pa.: $60,000. Feb. 2-Commercial loan and savings bank as Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's bank at Raton, N. M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver: $1,000,000. Feb. 8- Merchants' bank of Moorehead, Minn.; $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan As. sociation bank. Mar. 24-American national bank of Birming. ham, Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial) bank of St. Paul, Minn.; $1,000,000. May 25-People's bank of Sea Isle City, N.J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county; losses, $30,000. Sep. 2-Nebraska State bank, at Crete. Sep. 23-Richmond (Me.) savings bank. Sep. 24-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private); $80,000. Nov. 5-Continental bank at Kansas City, Mo. Nov. 30-Stone City bank, of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers): $1,000,000. Dec. 6-Wholesale mercantile firm of Wilozinski & Nelson at Greenville, Miss.; $100,000. Dec. 13-Black Hilis national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. grocery in Brooklyn, N. Y.; $400,000.

2. January 2, 1893 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, January 2, 1893

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Article Text

A GLANCE BACKWARD Review of the Many important Happenings of 1892 BUSINESS FAILURES. The More Disastrous Ones Noted-Banks Generally. Jan. 11. First national bank, of Muncie, Pa. Jan. 23. First national bank of Downs, Kan.;$100,000 Jan. 25. Bank of Jefferson at Shepherdstown, W. Va. Jan. 29. Fall River coun-y bank at Oelricks, S. D.; $30,000. Butler county bank at Chicora, Pa: $60,000. Feb.2. Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3. National bank of Silver City, and First national bank of Deming, N.M. Feb. 6. Western Farm Mortgage Company at Denver; $1,000, 000. Feb. 8. Merchants' bank of Moorhead, Minn.: $175,000. Feb. 26. Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1. Lima (O.) national bank. Mar. 21. Painesville (O.) Savings and Loan Association bank. Mar. 24. American national bank of Birmingham, Ala. Apr. 15. Interstate national bank of New York. Apr. 27. Commercial bank of St. Paul, Minn; $1,000,000. May 25. People's bank of Sea Isle City, N.J. June 4. Platte Vally bank at Central City, Neb. June 25. First national bank at Erie, Kan., Nesha county; losses, $30,000. Sept. 2. Nebraska State bank at Creta. Sept. 23. Richmond (Me.) savings bank. Sept. People's bank at Hope, Ark. Oct. 17. Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27. Hot Springs (Ark.) Valley bank (private); $80,000. Nov 5. Continental bank at Kansas City, Mo. Nov. 30. Stone City bank, of Joliet, III., and Joliet Enterprise Co. (bark wire manufacturers); $1,000,000. Dec.6. Wholesole mercantile firm of Wilezinski & Nelson at Greenville, Miss; $400,000. Dec. 13. Black Hills national bank at Rapid City, S. D. Dec. 13. Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15. National bank of Newton, Kan. Dec. 18. Wholesale grocery in Brooklyn, N. Y.; $400,000. CASUALITIES.

3. January 6, 1893 People's Voice Wellington, KS
Article from People's Voice, January 6, 1893

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Article Text

BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank, of Muncie, Pa. Jan. 23-First national bank of Downs, Kan.; $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. D.: $30,000 Butler county bank at Chicora, Pa.: $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's back at Raton, N. .M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1-Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24 -American national bank of Birmingham, Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.: ; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county; losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep. 24-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private); $80,000. Nov. 5-Continental bank at Kansas City, Mo. Nov. 30-Stone City bank, of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hilis national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee. Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000. Dec. 26-E.S.Corser Minneapolis, real eastate dealer: $1,000,000.

4. January 7, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, January 7, 1893

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Article Text

BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie. Pa. Jan. 23-First national bank of Downs, Kan.: $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. .D.: $30,000 Butler county bank at Chicora, Pa.: $69.000. Feb. 2-Commercial loan and savings bank at Kearney. Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4--Marcy. Geer & McCann's bank at Raton, N. M.: $800,000 First national bank of Deming. N. M. Feb. 6-Western Farm Mortgage Company at Denver: $1,000,000. Feb. 8 - Merchants' bank of Moorehead. Minn.: €175.000. Feb. 2--Newmarket (N. H.) savings bank suspended: $191,000. Mar. 1--Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan As: sociation bank. Mar. 24-American national bank of Birmingham. Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 35-People's bank of Sea Isle City, N.J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan., Nesha county: losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep 24-People's bank at Hope, Ark. Oct. 17-Two Nebraska state banks, one at Ainsworth. the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private): 880,000. Nov. 5--Continental bank at Kansas City, Mo. Nov 30-Stone City bank. of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6--Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hills national bank at Rapid City, S. D. Dec. 15-National bank of Newton. Kan. Dec. 18-W holesale grocery in Brooklyn, N. Y.: $400,000. Dec. 26-E. S. Corser, Minneapolis, real estate dealer: $1,000,000.

5. January 7, 1893 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, January 7, 1893

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Article Text

GLANCE BACKWARD. Review of the Many Important Happenings of 1892. Heavy Business Failures, Startling Casualties and Horrible Crines-Industrial, Political and Sporting Events, Disastrous Fires of the Year, Etc. BUSINESS FAILURES. MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie, Pa. Jan. 23-First national bank of Downs, Kan; $100,000. Jan 85-Bank of Jefferson at Shepherdstown, W. Va Jan. 29-Fall River county bank at Oelricks, S. D.; $30,000 Butler county bank at Chicora, Pa.; $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's bank at Raton, N. M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191.000. Mar 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24-American national bank of Birmingham, Ala. Apr. 15--Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county: losses, $30,000. Sep. 2--Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Seu 21-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (pri-, vate); $80,000. Nov. 5-Continental bankat Kansas City, Mo. Nov 30-Stone City bank, of Joliet, 111., and Jollet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilozinski & Nelson at Greenville, Miss.; $400,000. Dec. .11-Black Hills national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000.

6. February 19, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, February 19, 1893

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Article Text

All Depositors Paid. RAPID CITY, S. D., Feb. 18.-At a direct. ors' meeting of the Black Hills National bank which suspended business Dec. 17. last. it was decided to resume Feb. 20. The institution resumes business upon a solid financial footing and pays all depositors in full.

7. February 19, 1893 The Herald Los Angeles, CA
Article from The Herald, February 19, 1893

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Article Text

A Rehabilitated Bank. RAPID CITY, S. D., Feb. 18.-The directors of the Black Hills National bank, which suspended bueiness December 17th, have decided to resume February 20th. The institution resumes business upon a solid financial footing and pays all depositors in full.

8. February 19, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, February 19, 1893

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Article Text

Will Resume Business. RAPID CITY. S. D., Feb.18.-The directors of the Black Hills National Bank, which suspended business on December 17 last, have decided to resume on February 20. The institution resumes business upon a solid financial footing and pays all its depositors in full.

9. February 19, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, February 19, 1893

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Article Text

will Pay Up and Resume. RAPID CITY, 8. D., Feb. 18.-The directors' meeting of the Black Hills National bank, which suspended business Feb. 17 last, decided to resume Feb. 20. The institution resumes business upon n solid financial footing and Days all depositors in full.

10. February 19, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 19, 1893

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Article Text

Depositors to Be Paid in Full. RAPID CITY, S. D., Feb. 18.-The directors' meeting of the Black Hills National bank, which suspended business on December 17 last, decided to resume on February 20. The institution resumes business upon a solid financial footing and pays all depositors in full.

11. February 22, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 22, 1893

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Article Text

Reorganized the Bank. RAPID CITY, S. D., Feb. 21.-The Black Hills National bank, of this city, which suspended Dec. 13, opened its doors today and paid all checks presented. The institution has reorganized upon a solid basis with a capital stock of $75,000. Very little money was withdrawn.

12. March 3, 1893 Union County Courier Elk Point, SD
Article from Union County Courier, March 3, 1893

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Article Text

To Pay Depositors in Full. AT a directors meeting of the Black Hills National bank at Rapids City, which suspended business December 17 last, it was decided to resume business February 20. The institution resumes business upon good financial footing and pays all depositors in full

13. June 28, 1894 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, June 28, 1894

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Article Text

ANOTHER BANK SUSPENDS. Rapid City, S. D., June 22.-The doors of the Black Hills National bank were closed this morning by action of the directors, who decided to go into liquidation. The liabilities are stated to be $25,000, with assets sufficient to meet them.

14. August 4, 1896 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, August 4, 1896

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Article Text

Deadwood Divided. WASHINGTON, Aug. 3.-Acting Controller Coffin today declared the first dividend of 25 per cent in favor of the creditors of the Black Hills National Bank of Rapid City, S. D., on claims proved, amounting to $42,949. Acting Controller Coffin today appointed E. C. Tourtellotte, of Grand Forks, N. D., receiver of the Grand Forks National bank In place of Examiner Anheier, who has been acting as receiver since the failure of the bank. Mr. Anheier will resume his regular duties as bank examiner for North and South Dakota.

15. August 11, 1897 The Herald Los Angeles, CA
Article from The Herald, August 11, 1897

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Article Text

New Suits Filed Thomas L. Mackinlay, as receiver of the Black Hills National bank of Rapid City, South Dakota, vs. Mary A. Byram -A suit to recover $420 as defendant's liability on six shares held by her as stockholder in the insolvent bank. Little Rock Creek Irrigation district -A petition of the board of directors of the district for the confirmation of the proceedings of the board, including the proceedings for the inclusion of certain lands and the validity of the bond issue of $120,000 issued.

16. November 13, 1897 The Herald Los Angeles, CA
Article from The Herald, November 13, 1897

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Article Text

BANK CASE Receiver to Enforce Liability Must First Obtain Permission The suit brought by F. E. MacKinlay, as receiver of the Black Hills National bank of Rapid City, South Dakota, to recover $420, with interest, from

17. January 29, 1933 Deadwood Pioneer-Times Deadwood, SD

Article Text

Forty Years Ago (January 29, Judge Plowman left via the Elkhorn for New Orleans and Florida, going via Chicago and Hot Springs, for health recreation. Miss Lucy Miller, who has been in Deadwood for the past three months, left via the Elkhorn for Chicago, on account of the illness her mother. Miss Edith Maloney home from where she has been visiting her friend, Miss Lottie Denman. picture of the Masonic temple, drawn by Bros., was placed in the window of the Lee street bazaar. The new plans five-story building. The design is very handis reported that the Black Hills National bank of Rapid is about to reorganized, the old to be strengthened by parties taking of the stock. E. Bailey Rapid is, it is said, booked for cashier. Mr. and Mrs. Dwight Land of Clinton, Iowa, arrived via the for visit relatives and friends. Mrs. Lands is sister of Ankeny.