State Bank - Rolette, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 27, 1928
Location: Rolette, North Dakota (48.661, -99.842)

Metadata

Model: gpt-5-mini
Short Digest: a4a4ec9e15d65c99

Response Measures

None

Description

Article (The Forum, 1928-03-28) reports the Rolette State Bank was closed by the state department on March 27, 1928 due to a depleted reserve. OCR errors corrected (phrase likely 'closed today by the state department'). No run reported; closure appears government-ordered. Receivership not explicitly mentioned in the text.

Events (1)

1. March 27, 1928 Suspension

Cause: Government Action
Cause Details: Closed by the state department due to depleted reserve (capital $15,000; surplus $8,500; deposits $98,000).
Newspaper Excerpt: BANK CLOSES Bismarck, N. D., March 27.-(AP) of the Rolette State bank of Rolette was day by the state department. ... Depleted reserve was given as the cause of the closing.
Source: newspapers

Newspaper Articles (1)

1. March 28, 1928 The Forum Fargo, ND

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Article Text

LANDING FIELD IS CONSIDERED Jamestown Legion Post Will Take Initiative In Airport Project Jamestown, N. D., March cause has no field airships, the local landing gion post will not have an entertain National Commander Spafford when he visits North Dakota And of this Jamestown soon. to have an accredited Informed at their regular meeting that the fly over this city on April 15, but would not here, local Legioninquisitive as the naires became They were informed that in Mr. Spafford's itinerary attention had been only cities which had listed airports with the war Before the meeting had been concluded committee of three take the initiative in been named to the establishment of an airport here The landing field of such type that It can be by the war Minot Normal Is Rated Class "A" Institution Minot, D., March 27. Word has that the Minot State been Normal school has awarded the rank "class A" the American Association Teachers highest rank obtainable This is the in the association. any Morgan, president of the Dr. secretary of the inspection to the Minot visit and It school early of his report that the the basis institution was ranked at recent convention of the American Association of colleges. Sanborn Residents Will Talk Band Support Means Sanborn, D., March protax be levied for posal the fallpassage the election last another means of will considered the meeting of residents of the town here Thursday. PLAY DAY MAY Traill Athletic, Musical, Oratorical Contest Dates Set Mayville, March nual county play day will held here May Musical on contests will be held on May 11. Early dates have been the state will be held on May 17, 18 and 19. CHARGE HAY BURNING March Julius Batzer farmer living Mohall. arrested by Sheriff Todd charging him with havset fire and burning haystack. Dan Callahan and John McCormick, who claimed to be the owners the hay, that they ordered away, and that he fired shot at them. BANK CLOSES Bismarck, N. D., March 27.-(AP) of the Rolette State bank of Rolette was day by the state department. The was capitalized at $15,000. had surplus of $8,500 and deposits of $98,000. Depleted reserve was given as the cause of the closing.