First State Bank (Dawson, ND)

Episode Information

Episode UID
77055871483
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7705587 routing
Routing Number
77-0558
Start Date
July 1, 1923*
Location
Dawson, North Dakota (46.869, -99.751)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d20e458e5ee655f3

Response Measures

None

Description

Bank failed in mid-1923 and was placed in receivership; later legal action against officers in 1924.

Events (3)
1. July 1, 1923* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is listed among banks that failed between July 1 and Sept. 30, 1923 (insolvency)
Newspaper Excerpt
First State Bank, Dawson ... listed among banks that failed between July first and Sept. 30, 1923
Source
newspapers
2. October 6, 1923 Receivership
Newspaper Excerpt
First State Bank, Dawson ... $1,407.13 | $44.65 (comparison of expense of handling banks under old method and new); report represents condition on Oct. 6, 1923, and references receivership handling and collections
Source
newspapers
3. June 16, 1924 Other
Newspaper Excerpt
H. F. Rohr ... vice-president of the First State Bank of Dawson, Kidder county, now defunct, entered a plea of guilty to a charge of accepting deposits while the bank was insolvent; J. A. Kooker, former cashier, also pleaded guilty
Source
newspapers

Newspaper Articles (3)
1. May 15, 1924 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND
Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, May 15, 1924

Click image to open full size in new tab

Article Text

BANK RECEIVER METHOD USED (Continued From Page One) der district heads. The report of Mr. Baird's office to the Workmen's Compensation bureau shows that for 115 banks the employes were as follows: General receiver, 8 district heads, 12 stenographers and clerks, 17 bookkeepers and auditors, 23 collectors. As the organization expands the same number of employes will be able to handle many more banks. The comparative figures represent a condition on Oct. 6, 1923, none being available since that time, but the employes have increased slightly with the taking on of more banks. Collections Exceed Expenses The organization now is collecting much more money, through interest paid on notes, and other methods of liquidation, than the expenses of the closed banks, a condition which was not true in many banks under the old method of handling them. During the month of April, 1924, the entire expense of receivership was $11,459.78 and the total collections during the month were $45,178.56. The general receiver has already ordered one dividend, and others are expected later. Expenses Compared A comparison of the expense of handling banks under the old method and the new follows: Previous Monthly Average | Under new law, month of April Peoples State Bank, Leith ... $ 326.08 | $150.25 Dazey State Bank, Dazey ... 134.82 | 40.53 Farmers & Mchts., Robinson ... 325.00 | 12.50 Farmers Bank, Hazen ... 511.60 | 59.13 First State Bank, Dawson ... 1,407.13 | 44.65 Williston State Bank ... 700.00 | 233.56 First State Bank, Ruso ... 184.60 | 136.14 Slope County State Bank ... 389.40 | 75.00 Bank of New Rockford ... 802.40 | 143.99 Scandinavian American, Van Hook ... 530.50 | 258.60 First State Bank, Sawyer ... 354.20 | 53.63 The chief method by which savings are accomplished is that one competent man may handle the business of three or four banks, and the necessity of the appointment of a receiver for each bank is avoided. WDAY To Broadcast Ceremonial Music Opening ceremonies, the musical program and the talk by Conrad V. Dykeman, imperial potentate, at the traditional banquet of El Zagal shrine tomorrow night will be broadcast over WDAY, Radio Equipment corporation station, Fargo. The musical program will include numbers by the El Zagal chanters, bugle and drum corps, band and oth-

2. June 16, 1924 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 16, 1924

Click image to open full size in new tab

Article Text

TWO BANKERS PLEAD GUILTY IN COURT HERE H. F. Rohr and J. A. Kooker Enter Pleas in Dawson Insolvency Case The trial of H. F. Rohr, who was vice-president of the First State Bank of Dawson, Kidder county, now defunct, ended in district court here when Rohr entered a nlea of guilty to a charge of accepting deposits while the bank was insolvent. In this plea of guilty he was joined by J. A. Kooker, former cashier of the bank, who was tried following Rohr. Judge Jansonius indicated he would pronounce sentence June 26 after examining many bank records submitted in the \case. The prosecution, which was represented by Charles Liessman, states attorney of Kidder county; Langer and Nuchols, retained by depositors, and John Thorpe, First Assistant Attorney-General, had placed on the stand W. Barneck of Kidder county, prosecuting witness Crosby Richards, deputy state bank examiner, and F. S. Delaney, district receiver of closed banks.

3. July 20, 1925 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, July 20, 1925

Click image to open full size in new tab

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.