12414. First State Bank (Litchville, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 2, 1927
Location
Litchville, North Dakota (46.654, -98.194)

Metadata

Model
gpt-5-mini
Short Digest
4ac74a18

Response Measures

None

Description

Articles (Feb 2, 1927) report the First State Bank of Litchville as one of three closed banks paying dividends through the state bank receiver. No run is mentioned; the bank is closed and in receivership, with dividends being paid to creditors.

Events (2)
1. February 2, 1927 Receivership
Newspaper Excerpt
it was announced today at the office of L. R. Baird, state bank receiver ... The dividends will be paid ... to creditors of the ... First State Bank of Litchville . . . .
Source
newspapers
2. February 2, 1927 Suspension
Cause
Government Action
Cause Details
Closed and placed in receivership by the state bank receiver; dividends being paid to creditors.
Newspaper Excerpt
Ten per cent dividends will be paid to creditors ... to creditors of the Merchants State Bank of Fingal, First State Bank of Litchville and Fort Ransom State Bank, Fort Ransom.
Source
newspapers

Newspaper Articles (2)
1. February 2, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 2, 1927

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Article Text

Three Closed Banks to Pay Dividends Ten per cent dividends will be paid to creditors of three banks in the Lisbon district, it was announced today at the office of L. R. Baird, state bank receiver. The dividends will be paid through the office of District Manager A. E. Jones at Lisbon, to creditors of the Merchants State Bank of Fingal, First State Bank of Litchville and Fort Ransom State Bank, Fort Ransom.

2. February 2, 1927 The Bismarck Tribune Bismarck, ND
Article from The Bismarck Tribune, February 2, 1927

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Article Text

Three Closed Banks to Pay Dividends Ten per cent dividends will be paid creditors of three banks in the Lisbon district, it announced today the office of R. Baird, state receiver. The dividends will be paid through the office of District Manager Jones at Lisbon, to creditors the State Bank Fingal, First State Bank Litchville Fort Ransom State Bank, Fort Ransom.