12581. Bank of Sanborn (Sanborn, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 5, 1921
Location
Sanborn, North Dakota (46.942, -98.224)

Metadata

Model
gpt-5-mini
Short Digest
35f41d8c

Response Measures

None

Description

Articles (May 5 and May 11, 1921) report a receiver is in charge and is making collections; reorganization is underway and officials are communicating with state authorities about reopening. A receiver being in charge indicates the bank was suspended/closed and placed in receivership; no clear evidence in these items that it reopened, so classified as suspension_closure.

Events (2)
1. May 5, 1921 Receivership
Newspaper Excerpt
A receiver is in charge and is making collections. F. E. Stephen, vice president, is in communication with state authorities relative to the opening of the institution.
Source
newspapers
2. May 5, 1921 Suspension
Cause Details
No specific cause stated in the articles; receiver appointed and reorganization underway but articles do not explain reason for suspension.
Newspaper Excerpt
Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections.
Source
newspapers

Newspaper Articles (2)
1. May 5, 1921 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, May 5, 1921

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Article Text

BANK AT SANBORN BEING REORGANIZED Sanborn. N. D.. May 5.-Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections. F. E. Stephen. vice president. is in communication with state authorities relative to the opening of the institution.

2. May 11, 1921 The Devils Lake World Devils Lake, ND
Article from The Devils Lake World, May 11, 1921

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Article Text

Bank Reorganizes Sanborn, N. D.,-Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections. F. E. Stephen, vice president, is in communication with state authorities relative to the opening of the institution.