Articles indicate the First National Bank of Stanley was closed and in the hands of a receiver by December 1926; assets were later advertised/sold and final dividends declared. No article describes a depositor run. Embezzlement by a former clerk (Dec 10, 1926) occurred while the bank was already in receivership.
Events (5)
1.July 1, 1909Chartered
Source
historical_nic
2.December 1, 1926*Receivership
Newspaper Excerpt
that institution was in the hands of the receiver. ... advertised the sale of the remaining assets the bank at public auction here Dec. 10, 1926 ... close the trust and declare the final ... dividends has been paid . . . affairs of the defunct First National Bank ... are concluded (Grand Forks Herald, 1929).
Source
newspapers
3.December 1, 1926*Suspension
Cause
Government Action
Cause Details
Bank was placed in the hands of a receiver (closed and under receivership); assets later advertised for public auction and final dividends declared.
Newspaper Excerpt
embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver.
Source
newspapers
4.December 10, 1926Other
Newspaper Excerpt
The money is alleged to have been taken December 10, 1926. When arrested ... on charges of embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver. (Bismarck Tribune, 1928-10-10).
Source
newspapers
5.December 15, 1926Receivership
Source
historical_nic
Newspaper Articles (2)
1.October 10, 1928The Bismarck TribuneBismarck, Mandan, ND
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Article Text
# Bismarck Woman to Face Embezzlement Charges Here Soon
Dorothy H. Fenstermacher was arrested here yesterday by Jacob Rothschiller, Fargo, deputy United States marshal, on charges of embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver.
It is charged in an indictment, returned by a federal grand jury at Fargo last month, that while a clerk and stenographer in the bank, the defendant embezzled $1,040.
The money is alleged to have been taken December 10, 1926. When ar-
Affairs of Closed Bank Of Stanley are Concluded Senator Hamilton Is Speaker at Granville wind the agairs of the defunct
First National Bank, Andrew Foley vertised the sale of the remaining assets the bank at public auction here Dec. the Foley will close the trust and declare the final 10. 1926 since which 30 per cent dividends has been paid Mr. Foley has been in since June, 1928, succeeding P. E. Severson.
Granville, Dec. 7.-Senator D H Hamilton, recently named member of the board of directors of the North Dakota division of the Farm ers Union, addressed meeting of the Granville unit of the Union on the national convention of the ganization at Omaha which he attended Other speeches were given by S M. finnson, Hughes in structor in the local school and President E. E. Hamilton. Math Eidsnes acted as chairman of the session.
