First State Bank (Cartwright, ND)

Episode Information

Episode UID
77089871491
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7708987 routing
Routing Number
77-0898
Start Date
March 1, 1924*
Location
Cartwright, North Dakota (47.860, -103.926)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
af7aa26e03dc4a2e

Response Measures

None

Description

Closed by state banking board and placed in receivership; later receiver paid dividends.

Events (3)
1. March 1, 1924* Suspension
Cause
Government Action
Cause Details
Closed on order of the state banking board; official suspension of payments and operations.
Newspaper Excerpt
The bank was closed a few months ago on order of the banking board and is now in the hands of a receiver.
Source
newspapers
2. March 20, 1924 Receivership
Newspaper Excerpt
S. R. Otesa, former cashier of the First State bank of Cartwright, is at liberty under bonds ... The bank was closed a few months ago on order of the banking board and is now in the hands of a receiver.
Source
newspapers
3. February 25, 1926 Other
Newspaper Excerpt
A 10 per cent dividend is being paid by the First State bank of Cartwright ... by L. R. Baird, receiver for closed banks.
Source
newspapers

Newspaper Articles (2)
1. March 20, 1924 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 20, 1924

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Article Text

CASHIER GIVES BONDS Watford City, N. D., March 20.-S. R. Otesa. former cashier of the First State bank of Cartwright, is at liberty under bonds of $1,500 pending trial in district court on a charge of accepting deposits in an insolvent bank. The complaint against. Otesa was signed by J. D. Engebretson, a depositor. The bank was closed a few months ago on order of the banking board and is now in the hands of à receiver.

2. February 25, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 25, 1926

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Article Text

Banks at Flaxton and Cartwright Are * Paying Dividends Dividend payments to depositors in closed banks at Flaxton and Cart. wright were announced today by L. R. Baird; receiver for closed banks. A -10 per cent dividend is being paid by the Citizens State bank of Flaxton, and a 10 per cent dividend in,being paid by the First State bank of Cartwright. Both dividends are being paid through. J. P. Reeve, district manager, at Burlington, N. D.