Articles report the First National Bank of Leeds closed in December 1926 and is in receivership (receiver C. M. Gilbertson). No run is described; the bank remains closed and is paying dividends to creditors in 1928, so this is a suspension that resulted in permanent closure/receivership.
Events (5)
1.June 21, 1902Chartered
Source
historical_nic
2.December 1, 1926Receivership
Source
historical_nic
3.December 1, 1926*Receivership
Newspaper Excerpt
C. M Gilbertson, national bank receiver with offices at Cando, ... creditors of the First National bank of Leeds are receiving 20 percent as second dividend The first dividend of the latter institution also was 20 percent, making 40 percent the bank has paid since closing in December, 1926. (reported July 10, 1928).
Source
newspapers
4.December 1, 1926*Suspension
Cause
Government Action
Cause Details
Bank closed in December 1926 and placed in receivership (national bank receiver handling liquidation)
Newspaper Excerpt
the bank has paid since closing in December, 1926.
Source
newspapers
5.July 10, 1928Other
Newspaper Excerpt
creditors of the First National bank of Leeds are receiving 20 percent as second dividend. The first dividend of the latter institution also was 20 percent, making 40 percent the bank has paid since closing in December, 1926. (reported July 10, 1928).
Two Closed N. D. Banks Are Paying Dividends
Devils Lake. N. D., July nouncement has been made by C. M Gilbertson. national bank receiver with offices at Cando, of dividends being paid by the two closed banks in the lake region. The First National bank of Minnewaukan, closed last January, Is paywhile creditors of the First National bank of Leeds are receiving 20 percent as second dividend The first dividend of the latter institution also was 20 percent. making 40 percent the bank has paid since closing in December, 1926.
2.July 10, 1928The ForumFargo, ND
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Article Text
Two Closed N. D. Banks Are Paying Dividends
Devils Lake N. D., July 3.-Anbeen made by nouncement Gilbertson. national bank receiver with offices at Cando. dividends being paid by the two closed banks lake region. The First National bank of Minnewaukan, closed last payfirst dividend 30 percent while creditors of the First National bank of Leeds are receiving per. as second dividend. The first dividend of the also was 20 making 40 the bank has paid since closing in 1926.
