First National Bank (Leeds, ND)

View Charter #6312 on SPMC View balance sheet

Episode Information

Episode UID
631201524
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
63120 national
Charter Number
6312
Start Date
December 1, 1926
Location
Leeds, North Dakota (48.289, -99.438)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
41e7b660d163d1b1

Response Measures

None

Receivership Details

Depositor recovery rate
82.9%
Date receivership started
1926-12-01
Date receivership terminated
1935-01-31
OCC cause of failure
Governance
Share of assets assessed as good
38.0%
Share of assets assessed as doubtful
41.6%
Share of assets assessed as worthless
20.4%

Description

Article confirms bank closed in Dec 1926 and later paid dividends from a national-bank receivership.

Events (4)
1. June 21, 1902 Chartered
Source
historical_nic
2. December 1, 1926 Receivership
Source
historical_nic
3. December 1, 1926 Receivership
Newspaper Excerpt
the bank has paid since closing in December, 1926.
Source
newspapers
4. July 10, 1928 Other
Newspaper Excerpt
creditors of the First National bank of Leeds are receiving 20 percent as second dividend
Source
newspapers

Newspaper Articles (2)
1. July 10, 1928 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND
Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, July 10, 1928

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Article Text

Two Closed N. D. Banks Are Paying Dividends Devils Lake. N. D., July nouncement has been made by C. M Gilbertson. national bank receiver with offices at Cando, of dividends being paid by the two closed banks in the lake region. The First National bank of Minnewaukan, closed last January, Is paywhile creditors of the First National bank of Leeds are receiving 20 percent as second dividend The first dividend of the latter institution also was 20 percent. making 40 percent the bank has paid since closing in December, 1926.

2. July 10, 1928 The Forum Fargo, ND
Article from The Forum, July 10, 1928

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Article Text

Two Closed N. D. Banks Are Paying Dividends Devils Lake N. D., July 3.-Anbeen made by nouncement Gilbertson. national bank receiver with offices at Cando. dividends being paid by the two closed banks lake region. The First National bank of Minnewaukan, closed last payfirst dividend 30 percent while creditors of the First National bank of Leeds are receiving per. as second dividend. The first dividend of the also was 20 making 40 the bank has paid since closing in 1926.