gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3ecc8a9b4a549e33
Response Measures
None
Receivership Details
Depositor recovery rate
54.1%
Date receivership started
1924-02-07
Date receivership terminated
1932-06-04
OCC cause of failure
Economic conditions
Share of assets assessed as good
6.6%
Share of assets assessed as doubtful
58.4%
Share of assets assessed as worthless
34.9%
Description
Used government-record receivership date (1924-02-07) which aligns with articles reporting suspension Jan. 2, 1924 and receiver control in Feb. 1924.
Events (4)
1.March 27, 1905Chartered
Source
historical_nic
2.January 2, 1924Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended all business on January 2, 1924; specific insolvency reasons not detailed in articles.
Newspaper Excerpt
appointed receiver of the Dakota National bank which suspended business January 2 of this year.
Source
newspapers
3.February 7, 1924Receivership
Source
historical_nic
4.February 7, 1924Receivership
Newspaper Excerpt
F. L. Vorachek ... has been appointed receiver of the Dakota National bank which suspended business January 2 of this year. Mr. Vorachek took charge of the bank last week. Until that time it was under the supervision of a deputy national bank examiner.
Source
newspapers
Newspaper Articles (10)
1.February 23, 1924The Bismarck TribuneBismarck, ND
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Article Text
KLANSMAN PARADE STREETS UNMASKED
Oklahoma City, Feb. 23.—The Knights of the Ku Klux Klan of Oklahoma and several surrounding states staged a mammoth parade in the downtown streets here last night, the marchers being unmasked. Klan leaders said this was the first public demonstration in the history of the order in which the members appeared with their faces revealed. The marchers, however, were attired in the customary robes and hoods of the order.
NOSTDAL NOMINATION FOR CONGRESS ASKED
Grand Forks, N. D., Feb. 23.—L. R. Nostdal, Rugby, N. D., president of the North Dakota Bar association, announced while in the city last night that he will be a candidate for the Republican nomination for congress from the second congressional district.
RECEIVER NAMED
Dickinson, N. D., Feb. 23.—F. L. Vorachek, for the past three years in charge of the closed Beach State Bank at Beach, has been appointed receiver of the Dakota National bank which suspended business January 2 of this year. Mr. Vorachek took charge of the bank last week. Until that time it was under the supervision of a deputy national bank examiner.
GETS 5 YEARS
Grand Forks, Feb. 23.—Herman Helgeson, Osnabrock banker, convicted last week of embezzlement, was taken to Bismarck today to begin serving a five-year sentence in the state penitentiary.
2.March 31, 1926The Bismarck TribuneBismarck, Mandan, ND
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Article Text
# Voracheck Was
# Receiver For the
# Dakota National
F. A. Voracheck, who died yesterday in a government hospital at St. Paul, was receiver for the Dakota National Bank of Dickinson, not the First National Bank of Dickinson, L. R. Baird, receiver of state banks said today. The First National Bank of Dickinson has never been in the hands of a receiver, Baird said.
3.March 31, 1926The Bismarck TribuneBismarck, ND
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Article Text
Voracheck Was Receiver For the Dakota National
F. A. Voracheck, who died yesterday in government hospital at St. Paul. was receiver for the Dakota National Bank of Dickinson, not the First Bank of Dickinson, R. Baird. state banks said today. The First National Bank of Dickinson has been the hands of a receiver, Baird said.
4.December 23, 1926Morning PioneerMandan, ND
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Article Text
MORATORIUM OF WAR TIME CITED IN COURT ACTION
One case interest in which plaintiff brought records her husband. was tried at the term court just closed Stark county, according to Judge H Berry presided. Judge Berry and Court porter Broderick returned hom evening Dickinson. Mrs. Agnes Rademacher brought against Storing as of the defunct Dakota National bank alleging that the bank attached perty to her husband while in the service during the world and asking that the property be restored her on the grounds for all men was in effect Counsel for Mr. Storing charged the property was not and great records and was presented. The jury apparently believe in the theory for the verdict favored the bank receiver.
5.December 24, 1926Mandan PioneerMandan, ND
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Article Text
MORATORIUM OF WAR TIME CITED IN COURT ACTION
One case of real interest in which the plaintiff brought records of her husband. was tried the term of court just closed Stark county, according Judge H. Berry who presided. Judge Berry and Court Re. porter Broderick returned home evening from Dickinson. Mrs. Agnes Rademacher brought against Storing as receiver of the defunct Dakota National bank alleging that the attached pro perty to her husband while he was in the service during the world war and asking the perty restored to on grounds general moratorium for service was effect. Counsel for Mr. Storing charged the property question was the husband's and great mass of records and testimony was presented. jury apparently didn't the moratorium theory for favored the bank receiver
6.January 15, 1927The Bismarck TribuneBismarck, Mandan, ND
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Article Text
# DECISION OF SUPREME COURT
From Stark County
Frank L. Vorachek, as receiver of Dakota National Bank, a corporation, of Dickinson, N. D.
Plaintiff and Respondent.
VS.
J. C. Anderson and Fred J. Flury, doing business as the Dakota Baseball Association, et al,
Defendants.
J. C. Anderson and Fred J. Flury,
Defendants and Appellants.
SYLLABUS:
One who makes a contract on behalf of a voluntary association is personally liable thereon, although he is acting only as agent for the asso-
7.February 10, 1928The Bismarck TribuneBismarck, Mandan, ND
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Article Text
MANDAN NEWS Mandan Bank to Pay 10 Per Cent Dividend Dividends of 10 per cent to depositors of the Merchants National bank, Mandan, 35 per cent to date; 10 per cent on the Dakota National bank, Dickinson, 45 per cent to date; and 15 per cent on the First National bank, Turtle Lake, N. D., 35 per cent to date, will be paid immediately according to an announcement today of C. C. Storing, U. S. receiver of the three defunct institutions. The Merchants National of Mandan closed in December, 1923, and the 10 per cent dividend announced is the third made, bringing the total of funds returning to depositors of $117,575.60 or 35 per cent. Dickinson depositors get their fourth dividend, making $79,741.83 returned, while the First National of Turtle Lake will pay its third dividend and $49,989.37 paid up to date. In addition Mr. Storing announces all borrowed money carried by the banks and secured by collateral has likewise been paid.
8.April 2, 1929The Bismarck TribuneBismarck, Mandan, ND
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Article Text
RECEIVER STORING WILL TAKE VACATION National Bank Man at Mandan Will Be Succeeded by A. J. Biewar From Hannaford C. C. Storing. receiver for the Merchants National bank, Mandan, since it closed in December, 1923, is turning over its affairs to A. J. Biewar. named to succeed him, and will take a long vacation away from the grind of liquidating the liabilities of the Mandan institution and those of the First National, of Turtle Lake. and the Dakota National, of Dickinson. He will visit Minneapolis and Wash-
9.April 5, 1929Mandan PioneerMandan, ND
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Article Text
STORING, NAT'L RECEIVER, BANK RESIGNS
OVER CON TAKES SUCCESSOR THREE TROL TODAY TASKS past six Storing charge resident defunct the Biewar named Biewar closed bank been Mr Storing long rest grind closed assets leave next He before visit vacation handling of Mr Bank and Dakota Lake The Bank in Mandan ional in received dividends further per soon as court as orders involving around actions The Dakota National at DickinJanuary 1924 depos having received 45 per dividends their claims, 35 been paid depositors the First Turtle which closed That 35 pet cent with further dividend developed Merchants National Bank wreckage, considered persons familiar with been an unusual showing Mr. Storing
10.April 6, 1929The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Hannaford Man to Succeed Storing Dickinson, N. Dak., April 6.-(AP)-A. J. Bleiewar, Hannaford, has been appointed receiver of the Dakota National bank of Dickinson to succeed C. a. Storing, resigned, it was announced from the office of the comptroller of the currency. He will take charge of his new duties at once. The new receiver has been stationed at Hannaford for the last few years while closing up the affairs of the defunct First National bank there. He will make his headquarters at Mandan and in connection with his duties here will be in charge of the liquidation of other national banks in that city and at Turtle Lake.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
