Bank of Valley City (Valley City, ND)

Episode Information

Episode UID
77004171487
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
7700417 routing
Routing Number
77-0041
Start Date
November 30, 1923
Location
Valley City, North Dakota (46.923, -98.003)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
af28ec7a5c46b318

Response Measures

None

Events (3)
1. November 30, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
Circulation of consolidation/sale talk and rumors that the bank was planning to sell out triggered heavy withdrawals.
Measures
Bank closed temporarily to permit reorganization; directors did not open following the run.
Newspaper Excerpt
news of this spread, which caused a run on the institution
Source
newspapers
2. November 30, 1923 Suspension
Cause
Rumor Or Misinformation
Cause Details
Temporary suspension followed the run caused by rumors of consolidation/sale; bank closed to allow reorganization.
Newspaper Excerpt
The Bank of Valley City did not open its doors for business yesterday following action by the directors the night previous.
Source
newspapers
3. December 5, 1923 Reopening
Newspaper Excerpt
Reorganization of the institution ... enabled the Bank of Valley City, which was suspended a few days ago, to reopen yesterday.
Source
newspapers

Newspaper Articles (5)
1. December 1, 1923 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 1, 1923

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Article Text

BANK WILL BE REOPENED Valley City, Dec. 1-The Bank of Valley City did not open its doors for business yesterday following action by the directors the night previous. Efforts have been made in the past two weeks to consolidate with another bank and news of this spread, which caused a run on the institution. The bank is closed temporarily only to give time for reorganization, officers said.

2. December 1, 1923 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 1, 1923

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Article Text

BANK SUSPENDS Whether Bank of Valley City, reported to have suspended yesterday, will be closed, reorganized or go under supervision of Guaranty Fund Commission is not known, it was stated at state banking department today. No official information had reached office concerning bank's action, it was said, and in absence of State Examiner Semingson, who is in St. Paul, no statement will be made from his office.

3. December 1, 1923 Morning Pioneer Mandan, ND
Article from Morning Pioneer, December 1, 1923

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Article Text

CONSOLIDATION TALKED-RUN ON BANK IS RESULT BANK OF VALLEY CITY IS CLOSED TEMPORARILY FOR RE-ORGANIZATION Valley City, Dec. 1—The Bank of Valley City did not open its doors for business yesterday following action of the directors the night previous. Efforts have been made in the past two weeks to consolidate with another bank and news of this gained circulation causing a run on the institution. The bank is closed only temporarily in order to give time to reorganization already under way, the officers said.

4. December 5, 1923 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 5, 1923

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Article Text

VALLEY CITY BANK REOPENED Valley City, N. D., Dec. 5.-Reorganization of the institution, enabled the Bank of Valley City, which was suspended a few days ago, to reopen yesterday. The bank closed Nov. 30 after, officials said, a run on the*bank was caused by rumors that the bank was planning to sell out.

5. December 5, 1923 The Bismarck Tribune Bismarck, ND
Article from The Bismarck Tribune, December 5, 1923

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Article Text

VALLEY CITY BANK REOPENED Valley City, N. D., Dec. 5.—Reorganization of the institution, enabled the Bank of Valley City, which was suspended a few days ago, to reopen yesterday. The bank closed Nov. 30 after, officials said, a run on the bank was caused by rumors that the bank was planning to sell out.