Farmers Bank (Fessenden, ND)

Episode Information

Episode UID
77014471483
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7701447 routing
Routing Number
77-0144
Start Date
July 1, 1923*
Location
Fessenden, North Dakota (47.649, -99.629)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
10a7ef1594b463a9

Response Measures

None

Description

Dates in sources conflict (one article groups failures in 1923; another implies closure in 1925); receiver activity continues through 1926.

Events (3)
1. July 1, 1923* Suspension
Cause Details
Listed among closed banks that failed between July and Sept. 1923; specific trigger not stated.
Newspaper Excerpt
Following banks are designated in Class B division: Farmers Bank of Fessenden;
Source
newspapers
2. May 27, 1926 Receivership
Newspaper Excerpt
L. R. Baird as receiver of the Farmers Bank of Fessenden vs. A. L. Volkmann et al.
Source
newspapers
3. June 14, 1935 Other
Newspaper Excerpt
Matthaei also told that the Farmers Bank of Fessenden closed the same year (1925) and that the liquidation of the bank is still going on 10 years later.
Source
newspapers

Newspaper Articles (4)
1. July 20, 1925 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, July 20, 1925

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Article Text

CLOSED BANK DEPOSITORS TO GET DIVIDENDS More Than $100,000 Will Be Paid by State Guaranty Fund Commission READY IN THIRTY DAYS All Claims of Less Than Twelve Dollars to Be Settled in Full Dividends estimated in excess of $100,000 will be paid to depositors of 23 closed banks which failed between July first and Sept. 30, 1923, it was announced by the guaranty fund commission in a statement issued today. The guaranty fund commission at its recent session here voted dividends to be assigned to Class "B" institutions. The return will amount to ten per cent upon guaranteed deposits. Ready in 30 Days "The guaranty fund commission will be ready to commence consideration and payment upon these claims in about thirty days from date, as a number of the banks have not been completely audited, but will probably be finished by that time," it was stated by F. W. Cathro. Announcement will be made to the newspapers in the towns where the closed banks are situated or in county official papers shortly, and depositors will all be notified by the commission in excess of acceptance of their deposits and will be required to send in their Receiver's Certificates after notification, and a form of verification of claims in excess of $100, no special verification being required for claims of less than $100, under the rule of the commission. Notice to Depositors Persons whose claims have been held rejected as not eligible to guaranty will receive registered notice at their last known postoffice address. Claims against these banks, the commission announce, can be handled with more expedition and less trouble if persons having claims against the banks will simply await the time when notice is received by them. Inquiries made and letters written regarding whether or not their claims will be considered, simply serves to slow up the work of the commission. All claims of less than $12.00 will be paid in full and dividend checks will be drawn for amounts of not less than $10.00, excepting in cases where claims are less than that amount. By so doing, it is estimated that probably one-half of the claims included in Class "B" banks will be eliminated, thus saving the large amount of work and a considerable amount of money in administration cost and expense. Class "B" Banks Following banks are designated in Class "B" division: Farmers Bank of Fessenden; Hurdsfield State Bank; Hickson State Bank; Farmers & Merchants Bank, New Rockford; American State Bank, Sanish; Scand. American State Bank, Van Hook; Citizens State Bank, Tagus; Farmers State Bank, Sanish; Blaisdell State Bank; American State Bank, Burlington; Farmers Bank, Ray; Farmers Bank, Dunn Center; State Bank of Oriska; Farmers Bank, Hazen; Horace State Bank; First State Bank, Dawson; First State Bank, Dunn Center; Farmers & Merchants Bank, Leeds; Farmers State Bank, Neche; Farmers & Merchants Bank, Overly; First State Bank, Epping; Merchants State Bank, Werner; Bottineau County Bank, Bottineau.

2. May 27, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, May 27, 1926

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Article Text

Albin Anderson vs. Jacob J. Berg, Jrₙ et al. Citizens State bank of Goodrich vs. Fred Walz (two cases). L. R. Baird as receiver of the Farmers and Merchants Equity bank of Jud vs. M. F. Blanco et al. L. R. Baird as receiver of the Farmers Bank of Fessenden vs. A. L. Volkmann et al. G. I. Regnier vs. John Jacobson et al. Fred Prokop vs. O. W. Roberts. August I. Asplund vs. O. W. Boberts. First National bank of Underwood vs. G. R. Thompson. L. R. Baird as receiver of the American Exchange bank of Watford City vs. Anthony Walton et al. Otis School district No. 28 vs. L. A. Crowell and state bonding fund. W. H. Ebeling vs. Marcus Agnew. William Langer and Samuel L. Nuchols vs. Julius Waldenberg and the Kidder County bank. L. R. Baird as receiver of the State Bank of Olmstead vs. H. M. Disher et al. Union Farmers State bank, New Salem, vs. Robert Krutzner. James T. McCulloch vs. RussellMiller Milling company, et al. L. R. Baird as receiver of the Farmers State bank of Greene vs. Elisa M. Rosevold et al. Robert Krutzner and E. W. Anderson vs. Adolph Miller. Rollin Welch vs. James and Ethel Swanick. Farmers State bank of Baldwin vs. Merl White. C. W. Reichert vs. Seymour Arneson. C. W. Reichert vs. John J. Brose. C. W. Reichert vs. C. J. Rue. City National bank of Bismarck vs. Peter Jones. Fred Manson vs. Menoken Farmers Cooperative association, et al. C. W. Reichert vs. Oscar Magnuson. L. R. Baird as receiver of People's State bank of Grand Forks vs. Tom and Mrs. Thos.' Mann. Walfred Asplund vs. C. V. Danielson. The Cable company vs. Alfred Borkhart. State vs. Equity Grain and Mercantile company et al. R. S. Clark vs. Northern Pacific Railway company. State vs. Jas. H. Litt. Mary Kraft vs. Joseph and Edna K. Coghlan. J. G. Spitzer vs. Burleigh County State bank. E. W. Anderson and Robert Krutzner vs. P. N. Spiche. Florence M. Little vs. Ole G. Hagstrom. Albin Hedstrom, sheriff, vs. J. A. and Bertha Worden. Dalton Adding Machine Sales company vs. H. C. Arnold. L. R. Baird as receiver of the State Bank of Hensel vs. L. O. Anderson et al. Fred A. Bobb vs. Jacob Jangula. Heinrich Schatz and ,Christine Schatz vs. Karl Klein. Frank J. V. Kiebert vs. City of Bismarck. L. R. Baird as receiver/ of the Citizens State bank of Bisbee vs. John Anderson et al. State vs. Carl V. Anderson. Federal Intermediate Credit bank of St. Paul vs. Grant Lindsey. L. R. Baird as receiver of the Dunseith State bank vs. M. J. Anderson et al. City of Bismarck vs. Charles B. Whittey et al. F. H. Carpenter Lumber company vs. N. A. Freeberg. J. W. Pauley vs. Adolph Kutchera. Remington Typewriter company vs. Walter McMahon.

3. May 27, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, May 27, 1926

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Article Text

13 CRIMINAL CASES AND 112 CIVIL CASES ON CALENDAR FOR JUNE TERM OF BURLEIGH COUNTY DISTRICT COURT There are 13 criminal cases and 112 Albin Anderson vs. Jacob J. Berg, civil cases listed on the calendar Jrₙ et al. prepared by Clerk of Court Chas. Citizens State bank of Goodrich Pisher for the June term of district vs. Fred Walz (two cases). court in Burleigh county, which will L. R. Baird as receiver of the open at the court house in Bismarek Farmers and Merchants Equity bank on Tuesday, June 1, with Judge Fred of Jud vs. M. F. Blanco et al. Jansonius on the bench. Only the L. R. Baird as receiver of the setting of the calendar and various Farmers Bank of Fessenden vs. A. L. court matters will receive attention Volkmann et al. the first week, as the petit jurors have not been summoned to appear G. I. Regnier vs. John Jacobson et al. until Monday, June 7. in order that the farmers may have more time in Fred Prokop vs. O. W. Roberts. which to complete their spring work. August I. Asplund vs. O. W. BobOf the 13 criminal cases listed, erts. eight were on the previous calendar First National bank of Underwood and five are new cases. Three are vs. G. R. Thompson. alleged violations of the liquor laws, L. R. Baird as receiver of the two involve charges of operating a American Exchange bank of Watford motor vehicle while intoxicated, two City vs. Anthony Walton et al. of larceny, and one each of malicious mischief, assault and battery, reOtis School district No. 28 vs. L. moval of chattels subject to lien, and A. Crowell and state bonding fund. desertion. Two cases are entered W. H. Ebeling vs. Marcus Agnew. without designation as to their naWilliam Langer and Samuel L. ture. Nuchols vs. Julius Waldenberg and Criminal Cases the Kidder County bank. The criminal cases on the cafendar L. R. Baird as receiver of the are as follows: State Bank of Olmstead vs. H. M. Disher et al. State vs. F. E. Erickson, operating a motor vehicle while intoxicated. Union Farmers State bank, New Salem, vs. Robert Krutzner. State VS. Mrs. J. L. Finstad, engagJames T. McCulloch vs. Russelling in the liquor traffic. Miller Milling company, et al. State vs. Walter Carter, engaging L. R. Baird as receiver of the in the liquor traffic. Farmers State bank of Greene vs. State vs. Elwood Swanson, maliElisa M. Rosevold et al. cious mischief. Robert Krutzner and E. W. AnderState vs. Albert Little and Homer son vs. Adolph Miller. Taylor, larceny. Rollin Welch vs. James and Ethel State vs. L. Gramling, engaging in Swanick. the liquor traffic. Farmers State bank of Baldwin vs. State vs. Fred Hoff and Mrs. Fred Merl White. Hoff, assault and battery. State vs. Matt F. Schmitz, removC. W. Reichert vs. Seymour Arneson. ing chattels subject to lien. C. W. Reichert vs. John J. Brose. State vs. Albert Little, grand larC. W. Reichert vs. C. J. Rue. ceny. City National bank of Bismarck vs. State VS. Walter Millet, driving a Peter Jones. motor vehicle while intoxicated. Fred Janson vs. Menoken Farmers State vs. Gordon Conley, desertion Cooperative association, et al. and failure to support wife and minor child. C. W. Reichert vs. Oscar Magnuson. State vs. Wendlein Boehler. L. R. Baird as receiver of People's State bank of Grand Forks vs. Tom State vs. John Bashara. and Mrs. Thos.' Mann. Civil Cases Walfred Asplund vs. C. V. DanielFifty eight of the civil cases listed son. are from a former calendar, while 54 The Cable company vs. Alfred are new causes. The civil cases listBorkhart. ed include: State vs. Equity Grain and MerJ. A. and Bertha Worden vs. A. L. cantile company et al. Garnes and First State bank of ReR. S. Clark vs. Northern Pacific gran. Railway company. State vs. Jas. H. Litt. F. H. Carpenter Lumber company vs. W. G. Hoerr. Mary Kraft vs. Joseph and Edna K. John R. Kvile vs. E. F. and Alfhild Coghlan. Alfson. J. G. Spitzer vs. Burleigh County John A. Johnson vs. Thomas Hall. State bank. Farmers State bank of Regan vs. E. W. Anderson and Robert KrutzSevert Anderson and Anna Knutson. ner vs. P. N. Spiche. Henry Schmidt vs. North Dakota Florence M. Little vs. Ole G. HagWorkmen's Compensation Bureau. strom. State vs Bismarek Bank and Bank Albin. Hedstrom, sheriff, vs. J. A. of North Dakota. and Bertha Worden. State vs. Fred Bobb. Dalton Adding Machine Sales comPhillip Hemmerick vs. Farmers pany vs. H. C. Arnold. Elevator & Mercantile company. L. R. Baird as receiver of the Karem Husom vs. North Dakota State Bank of Hensel vs. L. O. AnWorkmen's Compensation bureau. derson et al. Carl Beyer vs. Stella Beyer. Fred A. Bobb vs. Jacob Jangula. L. R. Baird, receiver of Security Heinrich Schatz and Christine Bank of Leeds vs. E. B. Page and Schatz vs. Karl Klein. Henry Henrictta. Frank J. V. Kiebert vs. City of L. R. Baird as-receiver of the McBismarck. Kenzie County bank of Watford City L. R. Baird as receiver/o the Citivs. O. L. Cassady, et al. zens State bank of Bisbee vs. John H. M. Ward vs. Mandan Mercantile Anderson et al. company. State vs. Carl V. Anderson. L. R. Baird as receiver of the CitiFederal Intermediate Credit bank zens State bank of Hazen, VS E. M. of St. Paul vs. Grant Lindsey. Serr. L. R. Baird as receiver of the DunD. R. Baird as receiver of the First seith State bank vs. M. J. Anderson State bank of Nome vs. Carl P. et al. Miller. City of Bismarck vs. Charles B. L. R. Baird as receiver of the First Whittey et al. State bank of Fillmore vs. J. G: F. H. Carpenter Lumber company McClintock et al. vs. N. A. Freeberg. L. R. Baird as receiver of the Dazey J. W. Pauley vs. Adolph Kutchera. State bank of Dazey vs. E. B. JacobRemington Typewriter company vs. Walter MeMahon. son et al.

4. June 14, 1935 The Producers News Plentywood, MT
Article from The Producers News, June 14, 1935

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Article Text

The defendants met before the mass meeting to take up some of the legal details with a local attorney, W. E. Matthaei, such as filing the answer and other technicalities. Meeting Called to Order The mass meeting was called to order by Oliver Rosenberg, chairman of the Eddy County Holiday, also one of the defendants. Rosenberg briefly outlined some of the things already done in the case, such as answering the summons as a group by Burdick and Lemke. Also Rosenberg stressed the necessity of sticking together in this fight. He then called on Attorney Matthaei to explain the legal aspects of the case. First Matthaei explained that the office of receiver of closed banks was created during the 1925 legislative session for an indefinite time at an annual salary of $4,000. And in spite of the fact that the present receiver of closed banks, L. R. Baird, was. a member of the state senate during the time the office was created, he was appointed to that office right afterwards by Governor R. A. Nestos, although the North Dakota constitution has a provision which makes it unlawful for any member of legislature to be appointed to an office which he helps create. Matthaei also told that the Farmers Bank of Fessenden closed the same year (1925) and that the liguidation of the bank is still going on 10 years later. The sole pur-