10726. Bismarck Bank (Bismarck, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 24, 1926
Location
Bismarck, North Dakota (46.808, -100.784)

Metadata

Model
gpt-5-mini
Short Digest
a03d48cae18f62f6

Response Measures

None

Description

The articles show the Bismarck Bank was insolvent and a receiver (L. R. Baird) was appointed in Feb 1926; multiple subsequent notices by the receiver (mortgage assignments, foreclosure sales, acceptance of bids) and references to the closed Bismarck Bank indicate the bank suspended operations and did not reopen. No article describes a depositor run prior to suspension; cause is insolvency/bank-specific adverse information.

Events (6)
1. February 24, 1926 Receivership
Newspaper Excerpt
Dated February 24th, 1926. L R. BAIRD Rec Receiver. First publication Feb. 25th. 1926.
Source
newspapers
2. February 24, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Notice states the bank is insolvent and L. R. Baird was appointed receiver (insolvency leading to suspension/closure).
Newspaper Excerpt
NOTICE TO CREDITORS n the Matter of the Insolvency of the Bismarck Bank, Bismarck, North Dakota. ... L. R. BAIRD ... as Receiver of the Bismarck Bank
Source
newspapers
3. July 13, 1927 Other
Newspaper Excerpt
Notice of mortgage foreclosure sale ... assigned by said assignee of mortgagee to L. R. Baird as Receiver of Bismarck Bank on the 27th of February, 1926, which assignment was duly recorded ... will be foreclosed ... on the 22nd day of August, 1927.
Source
newspapers
4. August 5, 1927 Other
Newspaper Excerpt
NOTICE OF MORTGAGE FORECLOSURE SALE ... thereafter assigned by said assignee of Mortgagee to L. R. Baird as Receiver of Bismarck Bank on the 27th of February, 1926 ... sale ... on the 12th day of September, 1927.
Source
newspapers
5. February 25, 1928 Other
Newspaper Excerpt
NOTICE OF ACCEPTANCE OF BIDS ... Signed, L R. BAIRD. Receiver of the Bismarck Bank, Bismarck. N. D.
Source
newspapers
6. January 3, 1929 Other
Newspaper Excerpt
Grand jury ... Motion to quash indictments of ... officers of the closed Bismarck Bank ... the closed bank
Source
newspapers

Newspaper Articles (12)
1. February 26, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 26, 1926

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NOTICE TO CREDITORS "n the Matter of the Insolvency of the Bismarck Bank, Bismarck, North Dakota. Notice is hereby given by the undersigned. L. R. BAIRD, of Bismarek, North Dakota, as Receiver of the Bismarck Bank, Bismarck, North Dakota, to the creditors of said insolvent bank and to all persons having claims against said in solvent bank to exhibit them and file them with the necessary vouch ers with the undersigned receive at his office at Rismarek, within four months after the first publication of this notice. If said claftes 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 February 24th, 1926. L R. BAIRD Rec Receiver. First publication Feb. 25th. 1926. 2-26;-3-5.12-19

2. March 31, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 31, 1926

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CITATION HEARING PETITION FOR ESTABLISHMENT OF HEIRSHIP STATE OF NORTH DAKOTA, County of Burleigh. In County Court, Before Hon. I. C. Davies, Judge. In the Matter of the Estate of Jennie E. Williams, Deceased. L. R. Baird as Receiver of Bismarck Petitioner, Bank, an insolvent corporation, vs. Erastus A. Williams, Erastus A. Williams, Jr. Mathilda A. Williams, Evelyn E. Hoefer, formerly Evelyn E. Williams, Allee J. Towne, formerly Allee J. Williams, Odessa Wattam, formerly Odessa Williams, and all other persons unknown claiming any estate or interest in or lien or encumbrance upon the property described in the petition herein, or against the estate of said deceased, Respondents. The State of North Dakota to the Above Named Respondents: You and each of you are hereby cited and required to appear before the County Court of the County of Burleigh. in said State, at the office of the County Judge of said County, at the Court House in the City of Bismarck, in said County and State, on the 15th day of April A. D. 1926, at the hour of ten 'clock in the forenoon of that day, to show cause, if any you have, why the prayer of the petition heretofore filed in this court by the above named petitioner should not be granted and a decree entered by this court establishing in the known respondents above named the right of succession to the estate of Jennie E. Williams, deceased, and particularly to the premises in such petition described as follows, to-wit: Lots Thirteen (13). Fourteen (14), Fifteen (15), Sixteen (16), Twentyone (21), Twenty-two (22), Twentythree (23) and Twenty-four (24) in Block Ninety-two (92) of Williams Addition to the City of Bismarck, North Dakota. Let service be made of this citation as required by law. Dated this 23rd day of March A. D. 1926. By the Court: (Seal) I. C. DAVIES, Judge of the County Court. Zuger & Tillotson, Attorneys for Petitioner. 3-24-31

3. July 29, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, July 29, 1927

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filed for record in the office of the register of deeds of the County of Burleigh in the State of North Dakota, on the 23rd day of November, 1921, and duly recorded in Book 171 of Mortgages at page 129, which mortgage was on the 21st day of November, 1921, duly assigned by Bismarek Bank at Bismarek, North Dakota, to the Bank of North Da. kota. which assignment was duly recorded in the office of the regis ter of deeds of Burleigh county, North Dakota, on the 29th of October, 1925, at 9 A. M. in Book 175 of Assignments at page 265; and thereafter assigned by said assignee of mortgagee to L. R. Zaird as Receiver of Bismarck Bank on the 27th day of February, 1926, which assignment was duly recorded in book 175 of Assignments at page

4. August 4, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, August 4, 1927

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NOTICE OF MORTGAGE FORECLOSURE SALE Notice is hereby given that that certain mortgage executed and delivered by James Mullins, a single man, mortgagor to Bismarck Bank, a corporation, mortgagee, dated the 23rd day of September. 1921, and filed for record in the office of the Register of Deeds of the County of Burleigh in the State of North Dakota, on the 23rd day of November, 1921, and duly recorded in Book 171 of Mortgages on page 128, which mortgage was on the 21st day of November, 1921, duly assigned by Bismarck Bank at Bismarck, North Dakota, to the Bank of North Da. kota, which assignment was duly recorded in the office of the Register of Deeds of Burleigh County, North Dakota, on the 29th day of October, 1925, at 9 a. m. in Book 175 on page 271; and thereafter assigned by said assignee of Mortgagee to L. R. Baird as Receiver of Bismarck Bank on the 27th of February, 1926. which assignment was duly recorded in Book 175 of Assignments on page 301 in the office of said register of deeds, will be foreclosed by sale of the premises in such mortgage and hereinafter described, at the front door of the Court House at Bismarck, at the hour of two o'clock p. m. on the 22nd day of August, 1927. to satisfy the amount due upon such mortgage on the day of sale. The premises described in such mortgage and which will be sold to satisfy the to-wit: same are described as follows, One Hundred' thirty-eight(138) North of Range seventy-seven (77) West of the Fifth Principal Meridian, and containing 320 acres more or less according to thereof. the Governorment Survey There will be due on such mortgage at the date of sale the sum of Six Thousand Eight Hundred and Ninety-five and 13/100th Dollars ($6895.13), together with the legal fees and costs of foreclosure. Dated July 13, 1927. L. R. baird as Receiver of Bismarek Bank, Bismarck, North Dakota, Assignee of Mortgagee. ZUGER & TILLOTSON, Mortgagee, Attorneys for Assignee of Bismarck, North Dakota. (7/14-21-28-8/4-11-18)

5. August 4, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, August 4, 1927

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NOTICE OF MORTGAGE FORM CLOSURE SALE Notice is hereby given that that certain mortgage executed and delivered by James Mullins, a single man, mortgagor to Bismarck Bank, a corporation, mortgagee, dated the 23rd day of September, 1921, and filed for record in the office of the register of deeds of the County of Burleigh in the State of North Dakota, on the 23rd day of November, 1921, and duly recorded in Book 171 of Mortgages at page 130, which mortgage was on the 21st day of November, 1921, duly assigned by Bismarck Bank at Bismarck, North Dakota, to the Bank of North Dakota, which assignment was duly recorded in the office of the register of deeds of Burleigh County, North Dakota, on the 29th of October, 1925 at 9 A. M. in Book 175 of Assignments at page 268; and thereafter assigned by said assignee of mortgagee to L R. Baird as Receiver of Bismarck Bank on the 27th day of February, 1926, which assignment was duly recorded in book 175 of Assignments at page 302 in the office of said register of deeds, mortgage was on the 21st day of November, 1921, duly assigned by Bismarck Bank at Bismarck, North kota, which assignment was duly recorded in the office of the Register of Deeds of Burleigh County, on the 29th day of October, 1925, at 9 A. M. in Book 175 on page 271; and thereafter assigned by said assignee of Mortgagee to L. R. Baird as Receiver of Bismarek Bank on the 27th of February, 1926, which assignment was duly recorded in Book 175 of Assignments on page 301 in the office of said register of deeds, will be foreclosed by sale of the premises in such mortgage and hereinafter described. at the front will be foreclosed by sale of the premises in such mortgage and hereinafter described, at the front door of the Court House at Bismarck, at the hour of two o'clock P. M. on the 22nd day of August, 1927, to satisfy the amount due upon such mortgage on the day of sale. The premises described in such mortgage and which will be sold to satisfy the same are described as follows, to-wit: The Northeast quarter (NE%) of Section ten (10) township one hundred forty (140) North of Range eighty (80) West of the Fifth Principal meridian and containing one hundred sixty acrés more or less (160A) according to the U. S. Government Survey thereof. There will be due on such mortgage at the date of sale the sum of Three Thousand Three Hundred Seventy and 95/100th Dollars ($3370.95), together with the legal fees and costs of foreclosure. Dated July 13, 1927. L. R. BAIRD As Receiver of Bismarck Bank, Bismarck, North Dakota, Assignee of Mortgagee. ZUGER & TILLOTSON, Attorneys for Assignee of Mortgagee, Bismarek, North Dakota. (7/1+-21-28-8/+-11-18)

6. August 26, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, August 26, 1927

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NOTICE OF MORTGAGE FORECLOSURE SALE Notice is hereby given that that certain mortgage executed and delivered by James Mullins, a single man, mortgagor to Bismarel Bank a corporation, mortgagee, dated the 23rd day of September. 1921, and filed for record in the office of the Register of Deeds of the County of Burleigh in the State of North Dakota, on the 23rd day of November, 1921, and duly recorded in Book 171 of Mortgages on page 128, which mortgage was on the 21st day of November. 1921, duly assigned by Bismarck Bank at Bismarck, North Dakota, to the Bank of North DR. kota, which assignment was duly recorded in the office of the Register of Deeds of Burleigh County, North Dakota, on the 29th day of October, 1925, at 9 a. m. in Book 175 on page 271: and thereafter assigned by said assignee of Mortgagee to L. R. Baird as Receiver of Bismarck Bank on the 27th of February, 1926, which assignment was duly re orded in Book 175 of Assignments on page 301 in the office of said register of deeds, will be foreclosed by sale of the premises in such mortgage and hereinafter described, at the front door of the Court House at Bismarck, at the hour of two o'clock p. m. on the 12th day of September, 1927, to satisfy the amount due upon such mortgage on the day of sale. The premises described in such mortgage and which will be sold to satisfy the same are described as follows, to-wit: The Somith Half (S%) of Seetion twenty-two (22) Township One Hundred thirty-eight(138) North of Range seventy-seven (77) West of the Fifth Principal Meridian, and containing 320 acres more or less according to the Governorment Survey thereof. There will be due on such mort. gage at the date of sale the sum 01 Six Thousand Eight Hundred and Ninety-five and 13/100th Dollars ($6895.13), together with the lega fees and costs of foreclosure. Dated August 5th. 1927. L. R. BAIRD as Receiver of Bismarck Bank. Bismarek, North Dakota, Assignee of Mortgagee ZUGER & TILLOTSON, Attorneys for Assignee of Mortgagee, Bismarck, North Dakota. (8/5-12-19-26-9/2-9) Phone 944 for Tire Service.

7. December 15, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 15, 1927

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to Oscar Backman one Pierc Truck for the sum of $50.00 Oscar Backman to assume an bills that may be against sai amounting to $15.00. Roll call: Swanson, aye: Sode: Moynier, aye; Fricke, aye, an aye. motion the Board adjourned t at 2:30 o'clock p. m. Afternoon of November 1st, 1937 The Board of County Commissioner convened at 2:30 o'clock. On rol all members were present. A large delegation of depositors o closed Bismarck Bank appeare fore the Board to discuss a way means for an audit of the Bank much discussion the Board con to take it under advisement. Motion made by Commissione and seconded by Commission Swanson that the County sell t Gaughnour Lots 1, 2 & 3 0 ction 34, Township 141, Range 81 the sum of $215.70 and that th hairman of the Board of Count ommissioners and the County Audi be authorized to sign deed fo Roll call: Swanson, aye: Sode Moynier, aye; Fricke, aye, an aye. Motion made by Commissione seconded by Commissione oynier, that BE IT RESOLVED that the count from Martin Bourgois a strip o nd two (2) rods wide for a right -way through the SE% of NEW 4 E½ of SW4 of Section 33, Town 141, Range 80 for the sum o 00.00. On roll call: Swanson, aye: Sode: Moynier, aye; Fricke, aye, an aye. Motion made by Commissione der, seconded by Commissione vanson, that BE IT RESOLVED that the count: to E. A. Lewis the sum of $50.0 a Barrow Pit to be used for F. A Spur to Baldwin. Roll call: Swanson, aye: Sode: Moynier, aye; Fricke, aye, an aye. On motion the following bills wer lowed, Nos. 1 to 68, subject to per taxes due or delinquent: Fisher, postage and express $ 6.4 W. Scott, excavation for road construction 765.0 11.2 H. Pilmoor, painting signs dward DeHaan, maintenance work on Moffit Road 9.3 orthwestern Bell Tele. Co., exchange service and toll and telegraph 89.6 Foundry Co., repairs 19.8 for road@machinery miel Piepkorn, maintenance work on Div. No. 2 & 3 State Road No. 6 127.5 Elness, maintenance work on Div. No. 1, State No. Road 14 $19.0 E. McCurdy, expense for October 36.0 R. Atkinson, mileage of Co. 81.0 R. Atkinson, services as Co. Surveyor 207.5 C. Rasche, maintenance work of Div. No. 2, State Road No. 36 238.0 H. Crane, justice fees 104.9 ary Cashel. witness fees— insanity commissioner 2.1 , C. Jordan, maintenance work 24.0 Clothing Store, supplies for poor 53.8 Swenson. postage and and box rent 25.2 Hatley, sharpening grader blades 12.0 H. Register. member of insanity commission 2.0 ictor Moynier, witness fees9.5 Patterson vs. Burleigh Co. 81.6 ebb Brothers. burial of body ictor Moynier, county commissioner 8.0 Sullivan, road work 120.0 F. R. Smyth, witness fees and examination of patient -Insanity commissioner 7.0 L. Spear, postage for Co. Treas. office 40.0 Albin Hedstrom, matron of county jail 25.0 L. Spear, bailiff certificates 69.0 Hedstrom, mileage in criminal actions 143.8 L. Spear, witness certificates 20.6 L. Spear, petit juror certificates 20.8 E. Bothne-assign. to Co. Treas., Court Reporters 11.30 expense 20.3 L. Spear, freight 32.20 iton Beer. justice fees Soradahl, witness fees in justice court 2.1 H. Will & CO., pruning trees 4.5 3.4 bskins-Meyer. filing boards ughes Electric Co., current 79.5 for lighting court house ashburn Lignite Coal Co., coal for court house 106.48 H. Patrick, tax supervisor October expense 18.8 6.4 Taix, supplies gner Swanson, maintaining 10.8 arriett Township, care of poor 165.00 adge Runey, supt. of schools mileage 215.4 Jensen, mother's pen25.00 Geo. W. Ashlock, moth25.00 pension 8.00 R. Yates, pencils Spriggs, mother's pen. 15.00 arence Larsen, mother's 15.00 pension (Hannah Larsen) Kensrud, mother's pension 40.00 Fischer, mother's pen30.00 20.00 Runey, postage Vaskes, mother's pen30.00 Walgren, mother's ponsion 30.00 H. Register, service insanity commissioner 4.00 ollin Welch, witness insancommission 2.10 night Printing Co., legal blanks 25.1 F. R. Smyth, service as insanity commissioner and 14.00 examination of patient smarck Hospital, care of Anderson Moore 162.92 R. Jones. witness fees6.6 Insanity Commission

8. February 27, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 27, 1928

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NOTICE OF ACCEPTANCE OF BIDS Sealed bids will be accepted by the undersigned for lots 15 and 16 block 106 original plat of the City of Bismarck. known as the George Russ Property: Bids will be accepted up to and including March 9th. Bidders are asked to bring their bids to the office of the District Manager and be there personally at the time of opening. Terms of sale will be cash and the right is reserved to reject any or all bids. Signed, L R. BAIRD. Receiver of the Bismarck Bank, Bismarck. N. D. By P. A. O'KEEFFE, District Manager. (2/25-27-3/2-3) Clay tablets from ancient Babylonia and Assyria show that banking transactions, not so different from those of the present time, were carried on four or five thousand years ago.

9. February 28, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 28, 1928

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CITATION HEARING PETITION FOR LETTERS OF ADMINISTRATION STATE OF NORTH DAKOTA, County of Burleigh. IN COUNTY COURT, Before Hon. I. C. Davies, Judge. In the Matter of the Estate of James Mullins, Deceased. L. R. Baird, as Receiver of Bismarck Bank, Bismarck, North Dakota, Petitioner, vs. Marguerite Hubert, William J. Mullins and Maurice F. Mullins, and all other persons interested, Respondents. The State of North Dakota to the Above Named Respondents: You and each of you are hereby cited and required to appear before the County Court of the County of Burleigh, in said State, at the office

10. March 3, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 3, 1928

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NOTICE OF ACCEPTANCE OF BIDS Sealed bids will be accepted by the undersigned for lots 15 and 16 block 106 original plat of the City of Bismarck, known as the George Russ Property. Bids will be accepted up to and including March 9th Bidders are asked to bring their bids to the office of the District Manager and be there personally at the time of opening. Terms of sale will be cash and the right is reserved to reject any or all bids. Signed, L. R. BAIRD, Receiver of the Bismarck Bank, Bismarck, N. D. By P. A. O'KEEFFE, District Manager. (2/25-27-3/2-3)

11. March 6, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 6, 1928

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CITATION HEARING PETITION FOR LETTERS OF ADMINISTRATION STATE OF NORTH DAKOTA, County of Burleigh. IN COUNTY COURT, Before Hon. I. a Davies, Judge In the Matter or the Estate of James Mullins, Deceased. L. R. Baird, as Receiver of Bismarck Bank, Bismarck, North Dakota, Petitioner vs. Marguerite Hubert, William J. Mullins and Maurice F. Mullins, and all other persons interested, Respondents. The State of North Dakota to the Above Named Respondents: You and each of you are hereby cited and required to appear before the County Court of the County of Burleigh, in said State, at the office of the County Judge of said County, at the Court House in the City of Bismarck, in said County and State, on the 20th day of March, A. D. 1928, at the hour of ten o'clock in the forenoon of that day, to show cause, it any you have. why the petition of L. R. Baird, as Receiver of Bismarck Bank, Bismarck, North Dakota. a creditor of the Estate-of James Mullins, Deceased. late of Bismarck, North Dakota, wherein the said petitioner prays for the issuance of letters of administration of said estate to Eugene Leonard, of Bismarck, North Dakota, should not be granted and letters issued accordingly. Let service be made of this citation as required by law. Dated this 27th day of February. A. D. 1928. By the Court: I. C. DAVIES, (Seal) Judge of the County Court, (2/28-3/6)

12. January 3, 1929 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 3, 1929

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GRAND JURY DRAWN BY UNUSUAL MEANS JUDGE COFFEY SAYS Method of Selecting Jurors' Names Was 'In Total Disregard of the Law' CITY TELEPHONE BOOK USED Indictments Defective, and Do. fendants Put in 'Unfavorable Position' Motion to quash indictments of 1. P. Baker. George H. Russ, Jr., and other officers of the closed Bismarck Bank, were sustained by Judge James A. Coffey in district court here today. The defendants, together with Benton Baker, son of I. P. Baker, and Arthur C. Wilkinson, were indicted by the grand jury on charges of receiving deposits in an insolvent bank and conspiring to receive such deposits. In addition Russ and Wilkinson were charged with embezzling $600 of the bank's funds. The decision of the court brings tc nothing, in so far as the bank cases are concerned, the work of the grand jury which was in session six weeks and which cost the county almost $5,000. Before quashing the indictments Judge Coftey stated in court that many irregularities vitally affecting the rights of the defendants appeared in the case He said that the methods adopted in securing names of jurors was of "a most unusual character." The method adopted, he said, in securing names to go in the jury box was in total disregard of all law. the names being taken from the city telephone book at the option and choice of one man. He said that the special assistant attorney general appointed to aid the grand jury investigation had had a previous connection with the bank depositors. He said that practically all details in the case put the defendants in an "unfavorable position" and that the indictments were defective in that names of witnesses before the grand jury were omitted. Motion to quash the indictments was entered yesterday morning and afternoon and arguments were conducted yesterday afternoon and this morning, the arguments closing at 11:20 a. m. today. The four defendants, who face 49 indictments, are I. P. Baker, Benton Baker, his son, George H. Russ, Jr., and Arthur C. Wilkinson I. P. Baker was represented by J. M. Hanley and John Sullivan, Mandan attorneys, and Russ was represented by Edward B. Cox and Gordon V. Cox. Bismarck. The motion was made by both firms. Judge Coffey this morning denied that F E. McCurdy, state's attorney had four times moved that the former bank officers be arraigned. He said that McCurdy's first motion was made last week-end. I. P. Baker and George H. Russ, Jr. were present in court yesterday and today during the presenting of the motion and arguments. The embezzlement charges against George H. Russ, Jr., and Arthur c. Wilkinson were also included in the judge's decision. It was established that no personal charge was intended against Mr. Russ and Mr. Wilkinson and the basis of the whole charge was a technical proposition involving the method of handling a Minnesota bank's cashier check turned over to the bank for collection, and the credit for which was in the bank in the books at the time the bank closed. The motion to quash charged that the indictments were not found. endorsed and presented. or filed as prescribed by law; that the names of the witnesses examined before the grand jury were not inserted in the indictments; that persons were allowed in the jury room unlawfully when the jurors were considering the charges; that the defendants had not been held to answer before any court before the finding of the indictment: that the said grand jury was not called under the provisions of the law: that certain of the jurors were not lawfully qualified: that the grand jury was not legally constituted: that many of the jurors were in the postion of prosecutors; that certain of the jurors acted partially: that one of the jurors was under a suspended all sentence and that the prosecutors xerted pressure on him to vote for indictment; that the grand jury recived testimony that was not given by witnesses produced and sworn be. ore the jury that John Knauf. speial prosecutor aiding the grand jury, ad been connected with the depestora in the closed bank previous. to he grand jury investigation: that he state's attorney requested the at orney general to appoint Knauf ⑉ special that sitors had instituted a false rumor that records f the Bismarck Bank had been with old from the inspection the positors; that the price # he calling of the grand jury leavered to have the harged with some criminal hat they be might in nally he bank; rune