Article Text
Town's Third Bank Closes. LANGDON, N. D., Oct. 31.-The First National Bank of Langdon has been closed by its officers. This is the third Langdon bank to close or suspend during the last six weeks and leaves the town without a bank.
First National Bank (Langdon, ND)
Episode Information
- Episode UID
480201487- Episode Type
- Run → Suspension → Reopening
- Bank Type
- national
- Bank ID
-
48020national - Charter Number
- 4802
- Start Date
- November 1, 1923
- Location
- Langdon, North Dakota (48.760, -98.368)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
81c91c55b6634335
Response Measures
Capital injected, Full suspension, Books examined
Receivership Details
- Depositor recovery rate
- 17.3%
- Date receivership started
- 1931-04-23
- Date receivership terminated
- 1935-04-23
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 0.5%
- Share of assets assessed as doubtful
- 18.5%
- Share of assets assessed as worthless
- 81.0%
Description
Some articles say closed by its officers while others describe a suspension during a run; examiner recommended reopening.
Events (6)
1.
October 7, 1892
Chartered
- Source
- historical_nic
2.
November 1, 1923
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Run on the bank caused by sudden withdrawals; bills receivable could not be collected quickly enough to meet demands.
- Measures
- Special examiner C.F. Fiman reviewed affairs; estimated losses charged off and replaced by acceptable securities; recommendations made to comptroller.
- Newspaper Excerpt
- bank was suspended during a run on the bank
- Source
- newspapers
3.
November 1, 1923
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Suspended during a run and because bills receivable could not be collected quickly enough to meet sudden demands.
- Newspaper Excerpt
- First National bank of Langdon which suspended about Nov. 1
- Source
- newspapers
4.
December 4, 1923
Reopening
- Newspaper Excerpt
- Mr. Fiman states that he has recommended to the comptroller of currency that the bank be permitted to reopen.
- Source
- newspapers
5.
July 5, 1927
Voluntary Liquidation
- Source
- historical_nic
6.
April 23, 1931
Receivership
- Source
- historical_nic
Newspaper Articles (6)
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Article Text
Town's Last Bank Quits. Langdon, N. D.-The First National Bank of Langdon was closed by its officers voluntarily recently. This is the third Langdon bank to close or suspend in six weeks and leaves the town without a bank.
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Article Text
MAY REOPEN LANGDON BANK Langdon, N. D., Dec. 4.-Early reopening soon of the First National bank of Langdon which suspended about Nov. 1, last, now appears likely, with efforts that have been made by officials and friends of the institution to straighten up and safeguard its affairs. Officials Stated that the bank was solvent, but was suspended during a run on the bank and because bills receivable could not be collected quickly enough to meet sudden demands. Work of C. F. Fiman, special examiner, has been completed. Bank officials have complied with all requests made by him as examiner. No change of officers was demanded. Estimated losses were charged off and replaced by securities acceptable to the department. Mr. Fiman states that he has recommended to the comptroller of currency that the bank be permitted to reopen.
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Article Text
Town's Last Bank Quits. Langdon, N. D.-The First National Bank of Langdon was closed by its officers voluntarily recently. This is the third Langdon bank to close or suspend in six weeks and leaves the town without a bank. 1
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Article Text
MAY REOPEN LANGDON BANK Langdon, N. D., Dec. 4.—Early reopening soon of the First National bank of Langdon which suspended about Nov. 1, last, now appears likely, with efforts that have been made by officials and friends of the institution to straighten up and safeguard its affairs. Officials stated that the bank was solvent, but was suspended during a run on the bank and because bills receivable could not be collected quickly enough to meet sudden demands. Work of C. F. Fiman, special examiner, has been completed. Bank officials have complied with all requests made by him as examiner. No change of officers was demanded. Estimated losses were charged off and replaced by securities acceptable to the department. Mr. Fiman states that he has recommended to the comptroller of currency that the bank be permitted to reopen.
Click image to open full size in new tab
Article Text
Town's Last Bank Quits. Langdon, N. D.-The First National Bank of Langdon was closed by its officers voluntarily recently. This is the third Langdon bank to close or suspend in six weeks and leaves the town without a bank.