10932. First State Bank (Hague, ND)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 1, 1933*
Location
Hague, North Dakota (46.029, -99.996)

Metadata

Model
gpt-5-mini
Short Digest
c2669c0c76e6e681

Response Measures

None

Description

Articles report the First State Bank of Hague had been closed for about a month for reorganization and then reopened. Bismarck Tribune (1933-02-07) states it has reopened for business after a month's suspension with capital and surplus reduced and depositors accepting a 50% reduction. Two later statewide lists (Grand Forks Herald and Minneapolis Journal, both 1933-03-23) include Hague among state banks reopened by the examiner; this likely reflects inclusion in a broader set of reopenings or reporting overlap. No article describes a depositor run prior to suspension; the action appears to be a suspension for reorganization followed by reopening.

Events (3)
1. January 1, 1933* Suspension
Cause Details
Closed for about a month to permit reorganization of bank affairs (capital and surplus reduced; depositors accepted 50% reduction).
Newspaper Excerpt
reopened for business after a month's suspension to permit a reorganization of the bank affairs.
Source
newspapers
2. February 7, 1933 Reopening
Newspaper Excerpt
Hague, N. D., Feb. 7.-The First State Bank of Hague has reopened for business after a month's suspension to permit a reorganization of the bank affairs.
Source
newspapers
3. March 23, 1933 Reopening
Newspaper Excerpt
The 14 reopened Wednesday are: ... Hague, First State Bank; ... 14 More State Banks Reopen ... March 23
Source
newspapers

Newspaper Articles (3)
1. February 7, 1933 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 7, 1933

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Article Text

HAGUE BANK REOPENS Hague, N. D., Feb. 7.-The First State Bank of Hague has reopened for business after a month's suspension to permit a reorganization of the bank affairs. Capital stock and surplus have been reduced from $38,500 to $18,000, with depositors aceepting a reduction of 50 per cent in their deposits. S. A. Fischer is president of the bank and J. J. Jaeger is cashier. Trustees are Martin Van Soest, Martin F. Schall and Morris Cheit. The Ace of Clubs, in card games, is often called "the puppyfoot." Northern France probably has the best grass lands in Europe.

2. March 23, 1933 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, March 23, 1933

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Article Text

14 ADDITIONAL STATE BANKS OPENED IN N.D. Applications Granted as Rapidly as Audits Can Be Made. additional state banks reopened Wednesday for unrestricted operation, bringing to 52 the total now doing on normal basis examinorders the group of banks reopen Wednesday, while examiners continue audits of other state banks with view to permitting reopenings week. Semingson again out opening of number of banks should not be interpreted as meaning other banks are not in position to do Applications for reopening are being granted as rapidly as the proper audits can made. banks reopened Monday, and eleven Tuesday. The 14 reopened Wednesday are: Alice, State Bank of Alice: Beulah, German State Bank; Dunn Center, Union Bank of Dunn Center; Elgin, Farmers Merchants Bank; Fredonia, First State Bank: Hague, First State Bank; Litchville, Litchville State Bank; Mercer, The Mercer State Bank; Minto, Bank of Minto; Noonan, First International Bank; Silva, First State Bank Strasburg, First State Bank of Strasburg; Velva, Peoples State Bank; Zap, First State Bank.

3. March 23, 1933 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, March 23, 1933

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Article Text

14 More State Banks Reopen Bismarck, N. D., March 23Fourteen additional state banks reopened yesterday for unrestricted operation, bringing to 52 the total now doing business on a normal basis. Gilbert Semingson, state examiner, telegraphed orders to the group of banks to reopen today while examiners continue audits of other state banks with view to permitting additional reopenings this week. Twenty-seven banks reopened to day and eleven Tuesday. The fourteen reopened today are: Alice-State Bank of Alice. Beulah- German State Bank. Dunn Center-Union Bank of Dunn Center Eigine-Parmers & Merchants Fredonia- First State Bank. Hague- First State Bank. Litchville- Litchville State Bank Mercer- The Mercer State Bank Minto- Bank of Minto. Noonan First International Bank. First State Bank. Strassburg- First State Bank of Velva- Peoples State Bank. Zap-First State Bank. N. D. WOMAN DIES Bismarck, N. D., March 23 Mrs. Emma Eskes, 77 years old. resident of North Dakota since 1884, died here Monday from pneumonia, Funeral and burial services will be conducted at Coleharbor Friday.