gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
366a4c013e07464e
Response Measures
None
Description
Bank suspended Nov 10, 1922 and reopened in Apr 1923, but was closed again in late 1923 and later placed in receivership.
Events (5)
1.November 10, 1922Suspension
Cause Details
Article states suspension began Nov. 10, 1922 but gives no specific cause.
Newspaper Excerpt
operations of the bank had been suspended since November 10, 1922
Source
newspapers
2.April 6, 1923Reopening
Newspaper Excerpt
DRISCOLL BANK IS REOPENED More Than Double Legal Reserve Is Provided ... were open again today after operations of the bank had been suspended since November 10, 1922
Source
newspapers
3.November 1, 1923*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank officially closed and later described as insolvent; receiver appointed subsequently.
Newspaper Excerpt
The Driscoll State bank has been closed.
Source
newspapers
4.March 12, 1924Receivership
Newspaper Excerpt
Dated March 12th, 1924. L. R. BAIRD, Receiver.
Source
newspapers
5.March 2, 1926Other
Newspaper Excerpt
Depositors' Guaranty Fund commission is now ready to pay a 10 per cent dividend on guaranteed deposits in the Driscoll State bank
Source
newspapers
Newspaper Articles (12)
1.April 6, 1923The Bismarck TribuneBismarck, Mandan, ND
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Article Text
DRISCOLL BANK IS REOPENED More Than Double Legal Reserve Is Provided The doors of the Driscoll State Bank of Driscoll, Burleigh county, were open again today after operations of the bank had been suspended since November 10, 1922, it was announced by Gilbert Semingson, state examiner. The bank was reorganized through a 100 percent stock assessment made by the 'stockholders and through other added strength, enabling the bank to reopen with a reserve more than double the legal requirement, Mr. Semingson said. New officers of the bank are: President, J. H. Elwell,' Huron, S. D.; Vice-President, Alice Barnes, Huron, S. D.; Cashier, C. B. Mills, Huron, S. D.; Assistant Cashier, E. J. Erickson Driscoll; directors Alice Barnes, Mr. Elwell and W. L. Mall of Huron, S. D. The Huron people are interested in the Farmers and Merchants Bank of the Squth Dakota city. Mr. Mall, here to complete the details of the reorganization, expressed himself pleased with the result. The capital of the bank is $15,000.
2.November 26, 1923The Bismarck TribuneBismarck, Mandan, ND
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Article Text
BANKS SUSPENDED. The First State Bank of Hastings, Barnes county, has been put on special deposit by the state guaranty fund commission. The bank has $15000 capital, $6,000 surplus and $160,000_ deposits. The State Bank of Kramer has been closed. It has $10,000 capital, $10,000 surplus and deposits of $110,000. The Driscoll State bank has been closed. It has $15,000 capital, $3,000 surplus and $110,000 deposits.
3.March 18, 1924The Bismarck TribuneBismarck, Mandan, ND
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Article Text
"NOTICE TO CREDITORS In the Matter of the Insolvency of the Driscoll State Bank, Driscoll, North Dakota. Notice is hereby given by the undersigned. L. R. Baird, of Bismarck, North Dakota, as receiver of the Driscoll State Bank of Driscoll, North Dakota,to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver at his office at Bismarck, within four months after the first publication of this notice. If said claims are not SO filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said insolvent bank. Dated March 12th, 1924. L. R. BAIRD, Receiver." First publication on 18th day of March, 1924. 3-18-25 4-1-8
4.March 19, 1924The Bismarck TribuneBismarck, Mandan, ND
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Article Text
"NOTICE TO CREDITORS In the Matter of the Insolvency of the Driscoll State Bank, Driscoll, North Dakota. Notice is hereby given by the undersigned, L. R. Baird, of Bismarck, North Dakota, as receiver of the Driscoll State Bank of Driscoll, North Dakota,to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver at his office at Bismarck, within four months after the first publication of this notice. If said claims are not so filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said insolvent bank. Dated March 12th, 1924. L. R. BAIRD, Receiver." First publication on 18th day of March, 1924. 3-18-25-4-1-8
5.March 25, 1924The Bismarck TribuneBismarck, Mandan, ND
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Article Text
"NOTICE TO CREDITOR In the Matter of the Insolvency of the Difscoll State Bank, scoll, North Dakota. Notice is hereby given by the undersigned, L. R. Baird, of Bismarck, North Dakota, as receiver of the Driscoll State Bank of Driscoll, North Dakota,to the creditors of hid insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver ate his office at Bismarck, within four months after the first publication of this notice. If seed claims are not so filed, they wi be barred from any participation in any dividends which may be paid the Receiver from the assets of said insolvent bank. Dated March 12th, 1924 1. R. BAIRD, Receiver." First publication on 18th day of March, 1924. 3-18-25---4-1-8
6.April 1, 1924The Bismarck TribuneBismarck, Mandan, ND
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Article Text
"NOTICE TO CREDITORS In the Matter of the Insolvency of the Driscoll State Bank, Driscoll, North Dakota. Notice is hereby given by the undersigned, L. R. Baird, of Bismarck, North Dakota, as receiver of the Driscoll State Bank of Driscoll, North Dakota,to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver at his office at Bismarck, within four months after the first publication of this notice. If said claims are not so filed, they will be barred from any participation in any dividends which may be paid by the Receiver
7.April 8, 1924The Bismarck TribuneBismarck, Mandan, ND
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Article Text
"NOTICE TO CREDITORS In the Matter of the Insolvency of the Driscoll State Bank, Driscoll, North Dakota. Notice is hereby given by the undersigned, L. R. Baird, of Bismarck, North Dakota, as receiver of the Driscoll State Bank of Driscoll, North Dakota,to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver at his office at Bismarck, within four months after the first publication of this notice. If said claims are not so filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said insolvent bank. Dated March 12th. 1924. L. R. BAIRD, Receiver." First publication on 18th day of March, 1924. 3-18-25--4-1-8
8.March 3, 1926The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Commission Ready to Pay Dividend For Driscoll Bank The Depositors' Guaranty Fund commission is now ready to pay a 10 per cent dividend on guaranteed deposits in the Driscoll State bank of Driscoll, Burleigh county, and has issued instructions regarding the proper presentation of claims. The commission, pursuant to provisions of section 21, chapter 200, session laws of 1923, is ready to pay a 10 per cent dividend on guaranteed deposits in all banks officially closed after September 30 and before November 16, 1923, and the bank at Driscoll is the only one in this county which is included in this list. All deposits must first be allowed by the receiver as a valid claim against the closed bank. Thereafter the Guaranty Fund commission will determine whether or not the deposit is guaranteed. If found to be guaranteed, all deposits of $12 or less will be paid in full; on those over $12 and under $100 a flat dividend of $10 will be paid; on those over $100 a dividend of 10 per cent will be paid. On deposits rejected as not guaranteed, a registered notice will be sent to depositors and under the law he may make application within 90 days for a hearing thereon. Forms and instructions for preparation of claims of depositors against the guaranty fund will be found at every state bank.
9.March 3, 1926The Bismarck TribuneBismarck, Mandan, ND
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Article Text
NOTICE 'ro THE DEPOSITORS IN CLOSED BANKS Pursuant to provisions of Section 21. Chapter 200, 'Session Laws of 1923, the Depositors Guaranty Fund is now ready to pay a 10 per cent dividend on guaranteed deposits in banks officially closed after September 30 and, before November 16th, 1923: The Driscoll State Bank, Driscoll, is the only bank in Burleigh county included in this list; claims of depositors must be allowed by the receiver before they can be considcred by the Guaranty Fund Commission: Forms and instructions for preparation of claims of depositors against the Guaranty Fund willobe found at every state bank. Bismarek, March 2nd. 1926. Depositors Guaranty Fund Commission 3-3-10
10.March 10, 1926The Bismarck TribuneBismarck, Mandan, ND
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Article Text
NOTICE TO THE DEPOSITORS IN CLOSED BANKS Pursuant to provisions of Section 21. Chapter 200, Session Laws of 1923, the Depositors Guaranty Fund is now ready to pay a 10 per cent dividend on guaranteed deposits in banks officially closed after September 30 and before November 16th. 1923: The Driscoll State Bank, Driscoll, is the only bank in Burleigh county included in this list; claims of depositors must be allowed by the receiver before they ean be considered by the Guaranty Fund Commission: Forms and instructions for preparation of claims of depositors against the Guaranty Fund will be found at every state bank. Bismarek, March 2nd, 1926. Depositors Guaranty Fund Commission 3-3-10
11.June 6, 1928The Bismarck TribuneBismarck, Mandan, ND
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Article Text
DEFENDANT IS WINNER IN 1ST CASE ON TRIAL Jury Finds in Favor of M. Syverson in Suit Brought to Enforce Payment of Note A verdict in favor of the defendant was returned late yesterday in the first civil case to be tried at the spring jury term of Burleigh county district court which opened here yesterday mor ing. The case was that of L. R. Baird as receiver of the Farmers & Merchants State bank, Drisccoll, vs. M. Syverson and was a suit to enforce payment of a note which the defendant had in the bank when it closed. Syverson claimed he had a deposit in the bank which would offset the amount of the note. This forenoon the court was occupied with the case of L. R. Baird as receiver of the Driscoll State bank vs. Chris Junkert. This is also an action to enforce payment of a note but the defendant claims the note has already been paid through collections made on collateral deposited with it. The case went to the jury about noon.
12.June 7, 1928The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Siegel-Breslow Case Goes to Jury Today Jake Siegel's suit against Joseph Breslow for commission the plaintiff claims due on the sale of the defendant's residence property in Bismarck was aired in Burleigh county district court yesterday afternoon and today, and the case was given to the jury shortly before noon. Siegel claims a commission of $800. A verdict in favor of the defendant was returned late yesterday in the case of L. R. Baird as receiver of the Driscoll State bank vs. Chris Junkert. Baird brought suit to collect on a note of Junkert's held by the bank when it closed, while Junkert claimed the note had been paid through collections made on collateral deposited with it. Johnnie May Perkins, local negress, was arraigned this morning on two charges, first degree immorality and keeping and maintaining a common nuisance. Her pleading was deferred, however, to await the appearance of her counsel. A. H. Galliger pleaded not guilty when arraigned on a usury charge. Scheduled next for trial is the case of Oscar F. Swenson vs. C. M. Rosson.
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.
