Articles indicate the First National Bank of Stanley was closed and in the hands of a receiver by December 10, 1926; later proceedings to liquidate remaining assets are described. No article describes a depositor run. An embezzlement indictment (money alleged taken Dec 10, 1926) was brought in 1928 regarding actions while the bank was in receivership.
Events (5)
1.July 1, 1909Chartered
Source
historical_nic
2.December 10, 1926Receivership
Newspaper Excerpt
while that institution was in the hands of the receiver.
Source
newspapers
3.December 10, 1926Suspension
Cause
Government Action
Cause Details
Bank was placed in hands of a receiver (suspension of normal operations/closure).
Newspaper Excerpt
while that institution was in the hands of the receiver.
Source
newspapers
4.December 15, 1926Receivership
Source
historical_nic
5.October 10, 1928Other
Newspaper Excerpt
Dorothy H. Fenstermacher was arrested ... on charges of embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver.
Source
newspapers
Newspaper Articles (2)
1.October 10, 1928The Bismarck TribuneBismarck, Mandan, ND
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Article Text
# Bismarck Woman to Face Embezzlement Charges Here Soon
Dorothy H. Fenstermacher was arrested here yesterday by Jacob Rothschiller, Fargo, deputy United States marshal, on charges of embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver.
It is charged in an indictment, returned by a federal grand jury at Fargo last month, that while a clerk and stenographer in the bank, the defendant embezzled $1,040.
The money is alleged to have been taken December 10, 1926. When ar-
Affairs of Closed Bank Of Stanley are Concluded Senator Hamilton Is Speaker at Granville wind the agairs of the defunct
First National Bank, Andrew Foley vertised the sale of the remaining assets the bank at public auction here Dec. the Foley will close the trust and declare the final 10. 1926 since which 30 per cent dividends has been paid Mr. Foley has been in since June, 1928, succeeding P. E. Severson.
Granville, Dec. 7.-Senator D H Hamilton, recently named member of the board of directors of the North Dakota division of the Farm ers Union, addressed meeting of the Granville unit of the Union on the national convention of the ganization at Omaha which he attended Other speeches were given by S M. finnson, Hughes in structor in the local school and President E. E. Hamilton. Math Eidsnes acted as chairman of the session.
