11132. Great Western Bank (Osnabrock, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 28, 1923
Location
Osnabrock, North Dakota (48.669, -98.151)

Metadata

Model
gpt-5-mini
Short Digest
b31154154c81e310

Response Measures

None

Description

Articles report the Great Western Bank of Osnabrock closed on March 28, 1923 and a receiver (S.R. Shannon) was appointed; Bank of North Dakota brought foreclosure proceedings and a special execution sale was scheduled. No article describes a depositor run prior to closure. The sequence is a suspension/closure with receivership and foreclosure.

Events (4)
1. March 28, 1923 Receivership
Newspaper Excerpt
S. R. Shannon, receiver of the Great Western Bank of Osnabrock. The bank closed March 28, 1923, according to the papers in the suit.
Source
newspapers
2. March 28, 1923 Suspension
Cause
Government Action
Cause Details
Bank closed and a receiver (S. R. Shannon) was appointed; subsequent foreclosure by Bank of North Dakota.
Newspaper Excerpt
The bank closed March 28, 1923, according to the papers in the suit.
Source
newspapers
3. June 15, 1923 Other
Newspaper Excerpt
FORECLOSURE ON BANK MORTGAGE The Bank of North Dakota has instituted foreclosure proceedings, and been granted degree in the district court here, against S. R. Shannon, receiver of the Great Western Bank of Osnabrock. The bank closed March 28, 1923... The bank began the suit to foreclosure on collateral to secure loans amounting to $4,141.56.
Source
newspapers
4. July 12, 1923 Other
Newspaper Excerpt
Notice is hereby given... will offer for sale and sell to the highest bidder for cash... on the 12th day of July, 1923... the following personal property in said judgment and decree of foreclosure described.
Source
newspapers

Newspaper Articles (2)
1. June 15, 1923 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 15, 1923

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Article Text

FORECLOSURE ON BANK MORTGAGE The Bank of North Dakota has instituted foreclosure proceedings, and been granted degree in the district court here, against S. R. Shannon, receiver of the Great Western Bank of Osnabrock. The bank closed March 28, 1923, according to the papers in the suit. The bank began the suit to foreclosure on collateral to secure loans amounting to $4,141.56.

2. June 29, 1923 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 29, 1923

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Article Text

NOTICE OF SPECIAL EXECUTION SALE State of North Dakota, County of Burleigh, SS In District Court Fourth Judicial District. State of North Dakota, doing business as the Bank of North Dakota, Plaintiff. vs. S. R. Shannon, as Receiver of the Great Western Bank of Osnabrock,, North Dakota, a corporation, Defendant. Notice is hereby given that under and pursuant to the Special Execution issued out of the office of the Clerk of the District Court in and for the County of Burleigh and State of North Dakota, on the 26th day of June, 1923, upon a certain judgment and decree of foreclosure entered and filed in the above entitled action, in favor of the plaintiff and against the defendant on the 15th day of June, 1923, for the sum of Four Thousand Three Hundred Forty-eight and 66-100 ($4348.66) Dollars, I Albin Hedstrom Sheriff of the County of Burleigh State of North Dakota, will offer for sale and sell to the highest bidder for cash at the front door of the Court House in the City of Bismarck, County of Burleigh. State of North Dakota, on the 12th day of July, 1923, at the hour of 2:00 o'clock P. M., the following personal propcrty in said judgment and decree of foreclosure described, and hereinafter described as follows: