11184. Bank of Sanborn (Sanborn, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 5, 1921
Location
Sanborn, North Dakota (46.942, -98.224)

Metadata

Model
gpt-5-mini
Short Digest
8b4b507b6c7777fa

Response Measures

None

Description

Newspaper accounts (May 1921) report the Bank of Sanborn is in reorganization with a receiver in charge and making collections; vice president is communicating with state authorities about reopening. No article mentions a depositor run. The presence of a receiver indicates the bank was closed and placed in receivership (permanent closure/reorganization), so classified as suspension leading to closure. Exact date of initial suspension is not given; earliest mention is 1921-05-05.

Events (2)
1. May 5, 1921 Receivership
Newspaper Excerpt
A receiver is in charge and is making collections. F. E. Stephen, vice president, is in communication with state authorities relative to the opening of the institution. (Reiterated in 1921-05-11 report.)
Source
newspapers
2. May 5, 1921 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; receiver in charge undertaking collections as part of reorganization.
Newspaper Excerpt
Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections.
Source
newspapers

Newspaper Articles (2)
1. May 5, 1921 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, May 5, 1921

Click image to open full size in new tab

Article Text

BANK AT SANBORN BEING REORGANIZED Sanborn. N. D.. May 5.-Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections. F. E. Stephen. vice president. is in communication with state authorities relative to the opening of the institution.

2. May 11, 1921 The Devils Lake World Devils Lake, ND
Article from The Devils Lake World, May 11, 1921

Click image to open full size in new tab

Article Text

Bank Reorganizes Sanborn, N. D.,-Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections. F. E. Stephen, vice president, is in communication with state authorities relative to the opening of the institution.