First National Bank (Hampden, ND)

View Charter #7650 on SPMC View balance sheet

Episode Information

Episode UID
765001599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
76500 national
Charter Number
7650
Start Date
March 1, 1933*
Location
Hampden, North Dakota (48.540, -98.654)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3197215966907f91

Response Measures

None

Description

Bank was closed under the national banking holiday and later consolidated with First National Bank of Munich for reopening.

Events (4)
1. March 17, 1905 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Suspended with the declaration of the National banking holiday (March 1933).
Newspaper Excerpt
suspended business with the declaration of the National banking holiday
Source
newspapers
3. January 15, 1934 Reopening
Newspaper Excerpt
reopened for unrestricted business on or before January 15; consolidated with the First National Bank of Hampden
Source
newspapers
4. August 15, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. December 31, 1933 Grand Forks Herald Grand Forks, ND

Article Text

Bank Reorganized at Munich; to Open Soon MUNICH — (SPECIAL) — Announcement has been made that the reorganized First National Bank of Munich will be reopened for unrestricted business on or before January 15. The bank, which suspended business with the declaration of the National banking holiday, has been consolidated with the First National Bank of Hampden, similarly closed, and will operate, with L. E. Callahan, cashier of the former Munich bank, and Y. A. Nelson, cashier of the former Hampden bank, active as officers. Martin Rimestad, former president of the Hampden bank, will be a stockholder in the

2. December 31, 1933 Grand Forks Herald Grand Forks, ND

Article Text

declaration of the National banking holiday, has been consolidated with the First National Bank of Hampden, similarly closed, and will operate, with L. E. Callahan, cashier of the former Munich bank, and Y. A. Nelson, cashier of the former Hampden bank, active as officers. Martin Rimestad, former president of the Hampden bank, will be a stockholder in the new organization. The reorganized bank will have a capital of $25,000 and surplus of $5,000, according to the officers' announcement.