Yankton Savings Bank (Yankton, SD)

Episode Information

Episode UID
7156605891199
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
savings
Bank ID
715660589 hash
Start Date
November 21, 1899
Location
Yankton, South Dakota (42.871, -97.397)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0a0dc1a7a24e21a1

Response Measures

None

Events (3)

1. November 21, 1899 Run
Cause
Bank Specific Adverse Info
Cause Details
Defalcation/embezzlement by County Treasurer A. (or Petter/ Peterson) precipitated heavy withdrawals
Measures
None reported besides continued withdrawals; ultimately bank closed
Newspaper Excerpt
the defalcation of Treasurer Peterson precipitated a run which lasted a day and a half
Source
newspapers
2. November 22, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after run caused by treasurer's defalcation; assets/liabilities reported and closure announced
Newspaper Excerpt
the Yankton Savings Bank closed its doors at 2 o'clock this afternoon
Source
newspapers
3. November 29, 1899 Receivership
Newspaper Excerpt
E. G. Edgerton has been appointed receiver for the Yankton Savings bank which failed last week. The probabilities are the bank will pay all liabilities in full. (Nov. 29 report.)
Source
newspapers

Newspaper Articles (20)

Article from The Indianapolis Journal, November 23, 1899

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Article Text

Savings Bank Closed. YANKTON, S. D., Nov. 22.-The Yankton Savings Bank closed its doors this afternoon. The defalcation of Treasurer Peterson precipitated a run which lasted a day and a half. There is some prospect that the institution will be able to resume.


Article from Daily Inter Mountain, November 23, 1899

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Article Text

Minneapolis, Minn., Nov. 22.-A special from Yankton, S. D., to the Journal says the Yankton Savings bank closed its doors at 2 o'clock this afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which has been in progress a day and a half.


Article from The Topeka State Journal, November 23, 1899

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Article Text

Yankton Bank Closes. Minneapolis, Minn., Nov. 23.-A special from Yankton, S. D., to the Journal says that the Yankton Savings bank closed its doors at 2 o'clock yesterday afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run.


Article from The Morning Astorian, November 23, 1899

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Article Text

BANK CLOSED. MINNEAPOLIS, Minn., Nov. 22-A special from Yankton, South Dakota, to the Journal says the Yankton Savings bank closed its doors this afternoon. The defalcation of treasurer Peterson, who was known to be a very heavy depositor. caused a run which has been in progress a day and a half.


Article from Spirit of the Age, November 25, 1899

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Article Text

Small Shortage as Shortages Go. Minneapolis, Nov. 23.-A special from Yankton, S. D., says that the Yankton Savings bank closed yesterday. The defalcation of Treasurer Peterson precipitated a run. Peterson's shortage is placed at $14,000.


Article from Chicago Eagle, November 25, 1899

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Article Text

Bank Succumbs to a Run. With assets amounting to $30,000 and liabilities $20,000, the Yankton, S. D Savings Bang was forced to close its doors after a three days' run occasioned by the defalcation of County Treasurer A. Peterson, who was known to deal extensively with that bank.


Article from Iron County Register, November 30, 1899

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Article Text

The Yankton (S. D.) Savings bank closed its doors on the 22d. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which had been in progress a day and a half when the bank closed. There is some prespect tha+ the institution will be able to resume.


Article from Eagle River Review, November 30, 1899

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Article Text

Bank Succumbs to a Run. With assets amounting to $30,000 and liabilities $20,000, the Yankton, S. D Savings Bang was forced to close its doors after a three days' run occasioned by the defalcation of County Treasurer A. Peterson, who was known to deal extensively with that bank.


Article from The Representative, November 30, 1899

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Article Text

And Here's Another. YANKTON, S. D., Nov. 27.-Excitement runs high as a result of the defalcation of County Treasurer Petterson and the failure of the Yankton Savings Bank. The county commissioners examined the treas-


Article from Abilene Weekly Reflector, November 30, 1899

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Article Text

A Savings Bank Closes Its Doors. Minneapolis, Minn., Nov. 23.-A special from Yankton, S. D., to the Journal says that the Yankton savings bank closed its doors at two o'clock yesterday afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which has been in progress a day and a half. There is some prospect that the institution will be able to resume.


Article from The Forrest City Times, December 1, 1899

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Article Text

The Yankton (S. D.) Savings bank closed its doors on the 22d. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which had been in progress a day and a half when the bank closed. There is some prespect that the institution will be able to resume.


Article from The Black Hills Union, December 1, 1899

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Article Text

Yankton county went republican, if we remember correctly. Now the treasurer of that county has "gone republican," too, and the county is now just $30,000 shy. The defalcation caused a run on the Yankton Savings Bank and busted the institution. Everything seems to be strongly republican over that way.


Article from The Cape Girardeau Democrat, December 2, 1899

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Article Text

The Yankton (S. D.) Savings bank closed its doors on the 22d. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which had been in progress a day and a half when the bank closed. There is some prespect tha+ the institution will be able to resume.


Article from The Kimball Graphic, December 2, 1899

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Article Text

Yankton Bank Receiver Appointed Yankton, S. D., Nov. 29.-E. G. Edgerton has been appointed receiver for the Yankton Savings bank which failed last week. The probabilities are that the bank will pay all liabilities in full. The county commissioners have offered $200 reward for the apprehension of A. W. Petterson, defaulting treasurer. No trace of him bas yet been found.


Article from The Grenada Sentinel, December 2, 1899

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Article Text

The Yankton (S. D.) Savings bank closed its doors on the 22d. The defalcation of Treasurer Peterson, who was known to be a heavy depositor. precipitated a run which had been in progress a day and a half when the bank closed. There is some prespect that the institution will be able to resume.


Article from The Saint Paul Globe, December 2, 1899

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Article Text

SOUTH DAKOTA. Britton: South Dakota is enjoying a season of unrivaled weather. The temperature is mild. ranging up to 60 degrees at noon, the sun cloudless and the air clear and balmy. Some plowing is still in progress. Tyndall: Peter Engberg. one of the old settlers in this part of the state, committed suicide Saturday night by hanging himself in his room. Yankton: E. G. Edgerton has been appointed receiver for the Yankton savings bank. The probabilities are the bank will pay all liabilities in full. Flandreau: The total amount of mail shipped from the Flandreau postoffice during the month of October was 2,692 pounds. Yankton: Jack Keating has broken the record for corn husking. He husked and put into the crib 2,220 bushels of corn for Edward Gleason, and he averaged 80 bushels per day.


Article from The Sun, December 24, 1899

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Article Text

DEFAULTER COMMITS SUICIDE. A. W. Peterson of Yankton. S. D., Jumps From a Ferryboat at St. Louis. Sr. LOUIS, Dec. 23.-The body of A. W. Peterson of Yankton. S. D., is at the morgue. He jumped from the ferryboat Alonzo Church while crossing the Mississippi this morning. A dispatch from Yankton states that Peterson was an embezzler and had fled from that city on Nov. 16. which would furnish an incentive for suicide. He was observed by deckhands to make the plunge. As soon as the body reappeared it was grappled and dragged ashore. but life was extinct. From papers in his pockets he was easily identified. The theory advanced by the police is that Peterson dreaded arrest and determined to kill himself. SIOUX CITY, Iowa, Dec. 23.-A. W. Peterson. the Treasurer of Yankton county. S. D., was short $15,000 in his accounts as results of his defalcation. The Yankton Savings Bank was compelled to close its doors and is in a receiver's hands. Peterson gave a bill of sale of his harness business previous to leaving. He boarded the train, ostensibly for Gayville. S. D. without overcoat or satchel. but came to Sloux City and here all trace of him was lost. He leaves a wife and several children.


Article from Reporter and Farmer, July 19, 1900

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Article Text

DAKOTA REPORTS. Compiler Tilton of Vermillion Adds to Their Value. Horace G. Tilton of Vermillion has brought out a second supplement to his index digest of the reported decisions of the supreme courts of Dakota Territory and of North and South Dakota, covering all opinions filed up to April 1, 1900. With this supplement he has included a table of all the cases digested in the series. and binds the original diegst and two supplements in one convenient volume of about 1,100 pages. Peter Honnenger of Romona met with a peculiar accident. He occasionally walks in his sleep, and, on the night in question got out of bed and must have made the movement with considerable force, for he went through a large glass and then ran some distance before he was noticed and finally caught by Robert Sullivan. He was still asleep when caught, though his ankle was 80 badly cut by the broken glass as to require several stitches. Receiver Edgerton, of the Yankton Savings Bank, which was wrecked last December by the defalcation of County Treasurer Pederson, has declared a 20 per cent payment. As all the real estate of the bank is still unsold, the defunct bank bids fair to make at least a 50 per cent payment to all creditors.


Article from The Pioneer Press, July 19, 1900

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Article Text

DAKOTA REPORTS. Compiler Tilton of Vermillion Adds to Their Value. Horace G. Tilton of Vermillion has brought out a second supplement to his index digest of the reported decisions of the supreme courts of Dakota Territory and of North and South Dakota, covering all opinions filed up to April 1, 1900. With this supplement he has included a table of all the cases digested in the series, and binds the original diegst and two supplements in one convenient volume of about 1,100 pages. Peter Honnenger of Romona met with a peculiar accident. He occasionally walks in his sleep, and, on the night in question got out of bed and must have made the movement with considerable force, for he went through a large glass and then ran some distance before he was noticed and finally caught by Robert Sullivan. He was still asleep when caught. though his ankle was SO badly cut by the broken glass as to require several stitches. Receiver Edgerton, of the Yankton Savings Bank, which was wrecked last December by the defalcation of County Treasurer Pederson, has declared a 20 per cent payment. As all the real estate of the bank is still unsold, the defunct bank bids fair to make at least a 50 per cent payment to all creditors.


Article from The Sioux City Journal, February 11, 1927

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Article Text

TRAVELING MAN SMOTHERED TO DEATH BY PILLOW Faith, S. D., Feb. 10.-Special: W. Bartlett. young man represent ing the Standard Oil company, of Omaha, Neb., was found dead in bed here the hotels. smothered to death by his pillow. Women Engage Speakers. Sioux Falls. S. D., Feb. ).-Special: An address by woman lawyer of national will be feature of the annual convention of the South Dakota Business Professional Women's association to be held in Sloux Falls in June. The speaker will be Lena Madesin Phillips. New York lawyer and president of the national association of business and professional women. Another speaker will be Dr. Irene Smedley, former president of the Sigux Falls branch of business and professional women, returned medical missionary from India. Bank Receiver Named. Yankton, S. D., Feb. By order of the circuit court, Frick, Yankton banker, has been named receiver of the accounts the old Yankton Savings bank which closed in sauce 1899. Mr. Frick will audit the accounts of the trusteeship which was created and distribute the assets of the closed bank. E. Edgerton, pioneer Yanktonian, now from the state, has had charge of the company business, which includes cash as HEINZ COOKED SPAGHETTI sets, as receiver appointed by the HEINZ APPLE BUTTER court. Rush Sugar Factory Work. Belle Fourche, S. D., Feb. clal: Work at the sugar refinery is progressing rapidly. Two small build ings which are being used temporarily