First National Bank (Stanley, ND)

View Charter #9472 on SPMC View balance sheet

Episode Information

Episode UID
947201524
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
94720 national
Charter Number
9472
Start Date
December 10, 1926
Location
Stanley, North Dakota (48.317, -102.390)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
023abfb06589777d

Response Measures

None

Receivership Details

Depositor recovery rate
42.0%
Date receivership started
1926-12-15
Date receivership terminated
1930-03-12
OCC cause of failure
Economic conditions
Share of assets assessed as good
25.7%
Share of assets assessed as doubtful
51.9%
Share of assets assessed as worthless
22.4%

Description

Articles state the bank was closed/defunct and in the hands of a receiver; embezzlement alleged while in receivership.

Events (5)
1. July 1, 1909 Chartered
Source
historical_nic
2. December 10, 1926 Other
Newspaper Excerpt
The money is alleged to have been taken December 10, 1926.
Source
newspapers
3. December 15, 1926 Receivership
Source
historical_nic
4. December 15, 1926 Receivership
Newspaper Excerpt
embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver.
Source
newspapers
5. December 15, 1926 Suspension
Cause
Government Action
Cause Details
Bank placed in hands of a receiver and suspended operations, assets sold at public auction beginning Dec. 10, 1926.
Newspaper Excerpt
Affairs of the defunct First National Bank... sale of the remaining assets the bank at public auction here Dec. 10, 1926
Source
newspapers

Newspaper Articles (2)
1. October 10, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, October 10, 1928

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Article Text

# Bismarck Woman to Face Embezzlement Charges Here Soon Dorothy H. Fenstermacher was arrested here yesterday by Jacob Rothschiller, Fargo, deputy United States marshal, on charges of embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver. It is charged in an indictment, returned by a federal grand jury at Fargo last month, that while a clerk and stenographer in the bank, the defendant embezzled $1,040. The money is alleged to have been taken December 10, 1926. When ar-

2. December 8, 1929 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, December 8, 1929

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Article Text

Affairs of Closed Bank Of Stanley are Concluded Senator Hamilton Is Speaker at Granville wind the agairs of the defunct First National Bank, Andrew Foley vertised the sale of the remaining assets the bank at public auction here Dec. the Foley will close the trust and declare the final 10. 1926 since which 30 per cent dividends has been paid Mr. Foley has been in since June, 1928, succeeding P. E. Severson. Granville, Dec. 7.-Senator D H Hamilton, recently named member of the board of directors of the North Dakota division of the Farm ers Union, addressed meeting of the Granville unit of the Union on the national convention of the ganization at Omaha which he attended Other speeches were given by S M. finnson, Hughes in structor in the local school and President E. E. Hamilton. Math Eidsnes acted as chairman of the session.