Articles (dated 1928-07-10) report the First National Bank of Minnewaukan had been closed last January and is being administered by C. M. Gilbertson, national bank receiver, with dividends being paid to creditors. No run is mentioned. Date interpreted as January 1928 (article OCR has minor errors).
Events (4)
1.July 16, 1900Chartered
Source
historical_nic
2.January 1, 1928*Receivership
Newspaper Excerpt
announcement 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.
Source
newspapers
3.January 1, 1928*Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership (national bank receiver C. M. Gilbertson announced dividend payments).
Newspaper Excerpt
The First National bank of Minnewaukan, closed last January, is pay[ing] ... announcement has been made by C. M Gilbertson, national bank receiver
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.
