State Guaranty Bank (Mott, ND)

Episode Information

Episode UID: 5552384891525
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 555238489 hash
Start Date: January 1, 1927*
Location: Mott, North Dakota (46.373, -102.327)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: cf5ff713fd8abe40

Response Measures

None

Description

Articles call it a 'scare run' in Jan 1927 and later (1929–1931) show the bank remained closed in liquidation with dividends paid.

Events (4)

1. January 1, 1927* Run

Cause: Rumor Or Misinformation
Cause Details: Described as a 'scare run' that prompted heavy withdrawals; no bank-specific insolvency cited.
Measures: Bank officers closed doors to stop the run; state examiners called in for inspection.
Newspaper Excerpt: The bank was closed when run was started on it last week and the bank officers closed its doors to stop the run.
Source: newspapers

2. January 14, 1927 Suspension

Cause: Rumor Or Misinformation
Cause Details: Closure followed the run described as a 'scare run'; suspension appears voluntary by officers to halt withdrawals.
Newspaper Excerpt: An early reopening of the State Guaranty bank expected here as state examiners begin checking up the institution. The bank was closed when run was started on it last week and the bank officers closed its doors to stop the run.
Source: newspapers

3. January 10, 1929 Other

Newspaper Excerpt: The Mott bank closed years ago as result of ... the closed State Guaranty bank of Mott which per cent dividend ... which was closed by a scare run about two years ago. Further dividends will be paid later when slower assets can be liquidated. George J. Helming, former cashier, has been in charge of collections. (Special to the Tribune) Mott, N. Dak., Jan. 10.-A 20 per cent dividend will be paid to depositors of the closed State Guaranty Bank of Mott ... Sixty per cent is the largest amount paid by any closed state bank ... reflects a healthy condition in the assets of this bank which was closed by a scare run about two years ago.)
Source: newspapers

4. December 23, 1931 Receivership

Newspaper Excerpt: A final dividend of 9 per cent is being paid to the depositors of the State Guaranty Bank of Mott, L. R. Baird, receiver of closed state banks, announced Wednesday. This dividend ... makes a total of 79 per cent, Baird said.
Source: newspapers

Newspaper Articles (5)

1. January 14, 1927 Morning Pioneer Mandan, ND

Article from Morning Pioneer, January 14, 1927

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Article Text

MOTT CLOSED BANK TO REOPEN SHORTLY INDICATED TODAY By Staff Correspondant Moth, N. D., Jan. 14-An early re opening of the State Guaranty bank expected here as state examiners begin checking up the institution The bank when run was started on last week and the bank officers closed its doors to stop the run. The bank said to be in good condition. Epworth League Social The Epworth League is giving its annual social and this evening at the church and record attendance expected.

2. January 14, 1927 Morning Pioneer Mandan, ND

Article from Morning Pioneer, January 14, 1927

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Article Text

MOTT CLOSED BANK TO REOPEN SHORTLY INDICATED TODAY By Staff Correspondant Mott. D., early reopening of the State Guaranty bank expected here as state examiners begin checking up the institution The bank was closed when run was started on it last week and the bank officers closed its doors to stop the run. The bank is said to be in good Epworth League Social The Epworth League is giving its annual social and entertainment this evening at the Methodist church and record attendance is expected.

3. January 10, 1929 Morning Pioneer Mandan, ND

Article from Morning Pioneer, January 10, 1929

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Article Text

MOTT BANK WILL PAY ANOTHER TWENTY PERCENT Mott, (Special largest total by any closed bank today credited to the closed North declared State Guaranty bank of Mott which per cent dividend through the state bank this week dividend of 40 cent was depositors in the last The total of 60 the largest made by any closed per cent bank dividends paid in successive years financial condition experts point out The Mott bank closed years ago a result of Further the dividends will be paid with liquidation assets still former cashier George Helming has been in charge of collecand has had excellent success settlements, reports indicate.

4. January 10, 1929 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 10, 1929

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Article Text

CLOSED MOTT BANK PAYING DEPOSITORS (Special to the Tribune) Mott, N. Dak., Jan. 10.-A 20 per cent dividend will be paid to depositors of the closed State Guaranty Bank of Mott as soon as checks can be prepared, it was announced today by the state bank examiner. A 40 per cent dividend was paid about a year ago to depositors of the bank. Sixty per cent is the largest amount paid in dividends to date on any closed state bank in North Dakota and reflects a healthy condition in the assets of this bank which was closed by a scare run about two years ago. Further dividends will be paid later when slower assets can be liquidated. it is said. George J. Helming, former cashier, has been in charge of collections.

5. December 23, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 23, 1931

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Article Text

Depositors at Mott Receiving Dividend A final dividend of 9 per cent is being paid to the depositors of the State Guaranty Bank of Mott, L. R. Baird, receiver of closed state banks, announced Wednesday. This dividend, being made through the office of $ P. A. O'Keefe, district manager at Bismarck, makes a total of 79 per cent, Baird said.