11160. First State Bank (Regan, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 6, 1930
Location
Regan, North Dakota (47.158, -100.528)

Metadata

Model
gpt-5-mini
Short Digest
39d6aebc04002429

Response Measures

None

Description

Articles (Oct–Nov 1930) indicate the First State Bank of Regan was in receivership (L. R. Baird, state bank receiver) and paying dividends to depositors; a foreclosure sale is being conducted by the receiver. No run is described. This is therefore a suspension leading to permanent closure/receivership.

Events (3)

1. October 6, 1930 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (state bank receiver L. R. Baird) leading to suspension of normal operations and distribution of dividends by the receiver.
Newspaper Excerpt
First Regan Bank Is Paying 10 P. C. More A 10 per cent dividend is being paid depositors of the First State Bank of Regan, ... according to announcement by L. R. Baird, state bank receiver.
Source
newspapers
2. November 1, 1930 Receivership
Newspaper Excerpt
Dated at Regan, North Dakota, this 1st day of November, 1930. L. R. BAIRD AS RECEIVER OF THE FIRST STATE BANK OF REGAN, REGAN. NORTH DAKOTA. Mortgagee.
Source
newspapers
3. November 24, 1930 Other
Newspaper Excerpt
NOTICE OF MORTGAGE FORECLOSURE SALE ... will be foreclosed by a sale ... to satisfy the amount due upon said premises and mortgage ... Cameron and Holgeson, Attorneys for the mortgagee, P. O. and Office Address, Regan. N. D.
Source
newspapers

Newspaper Articles (3)

Article from The Bismarck Tribune, October 6, 1930

Click image to open full size in new tab

Article Text

First Regan Bank Is Paying 10 P. C. More A 10 per cent dividend is being paid depositors of the First State Bank of Regan, through the office of P. A. O'Keefe, Bimarck, according to announcement by L. R. Baird, state bank receiver. This will raise the total of payments by this bank to 30 per cent.


Article from The Bismarck Tribune, October 6, 1930

Click image to open full size in new tab

Article Text

cent dividend being per the First State of Regan, through the office O'Keefe, Bimarck, Baird, receiver. This will raise the of payments by this bank to cent. Most domestic poultry and wild animals will frightened the road the automobile horn sounded 200 to 300 away. Lack of reasonable blame for most casualties among farm flocks and wild creatures.


Article from The Bismarck Tribune, November 24, 1930

Click image to open full size in new tab

Article Text

NOTICE OF MORTGAGE FORECLOSURE SALE Notice Is Hereby Given: That that certain mortgage executed and delivered by Joseph W. Guthrie and Ruth Guthrie, husband and wife, of Bismarck, North Dakota, mortgagors, to First State Bank of Regan, a corporation of Regan, North Dakota, mortgagee, dated' the 23rd day of December, 1926, and filed for record in the office of the Register of Deeds of Burleigh County, North Dakota, on the 28th day of December, 1926, and duly recorded in Book 196 of Mortgages on page 5, will be foreclosed by a sale of the premises in such mortgage and hereinafter described, at the front door of the County Court House in the City of Bismarck, Burleigh County, North Dakota, at the hour of 2 o'clock P. M. on the 15th day of December, 1930, to satisfy the amount due upon said premises and mortgage at the time of sale. That the premises described in said mortgage, and which will be sold to satisfy the same, are those certain premises situated in Burleigh County, North Dakota, and described as follows, to-wit: Lot Eight (L-3) in Block Three (B-3) of Macombers' additions to South Wilton, North Dakota. That there will be due on said mortgage on the date of the sale the sum of Six hundred eight and 35/100 dollars ($608.35) principal and the sum of Forty two dollars and twenty seven cents ($42.27) interest. making a total of Six hundred fifty and 62/100 dollars ($650.62) besides the statutory attorneys fees and costs of this sale and foreclosure. Dated at Regan, North Dakota, this 1st day of November, 1930. L. R. BAIRD AS RECEIVER OF THE FIRST STATE BANK OF REGAN, REGAN. NORTH DAKOTA. Mortgagee. Cameron and Holgeson, Attorneys for the mortgagee, P. O. and Office Address, Regan. N. D. 11/3-10-17-24; 12/1-8