11230. Tuttle State Bank (Tuttle, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 17, 1928
Location
Tuttle, North Dakota (47.144, -99.995)

Metadata

Model
gpt-5-mini
Short Digest
9489873114b19cd5

Response Measures

None

Description

Articles explicitly describe the Tuttle State Bank as a closed state bank with a receiver (L. B. Baird) and paying dividends to depositors. No run or reopening is mentioned. Closure appears to be permanent with a receiver administering dividends, so classified as suspension_closure (suspension followed by permanent closure/receivership).

Events (4)
1. May 17, 1928 Other
Newspaper Excerpt
A first dividend of 20 per cent is being paid by the closed Tuttle State bank at Tuttle, according to L. B. Baird, receiver of closed banks.
Source
newspapers
2. December 19, 1928 Other
Newspaper Excerpt
A 30 per cent dividend is being paid to depositors of the Tuttle State Bank, making the total to date 50 per cent.
Source
newspapers
3. * Receivership
Newspaper Excerpt
according to L. B. Baird, receiver of closed banks. The dividend is being paid through the office of P. A. O'Keefe, district manager, at Bismarck and A 30 per cent dividend is being paid to depositors of the Tuttle State Bank... Payment is being made by (1928 articles).
Source
newspapers
4. * Suspension
Cause
Government Action
Cause Details
Bank is described as closed and under a receiver (L. B. Baird); closure appears to be by regulatory/government action resulting in receivership.
Newspaper Excerpt
the closed Tuttle State bank at Tuttle, according to L. B. Baird, receiver of closed banks.
Source
newspapers

Newspaper Articles (2)
1. May 17, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, May 17, 1928

Click image to open full size in new tab

Article Text

TUTTLE BANK PAYS DIVIDEND A first dividend of 20 per cent is being paid by the closed Tuttle State bank at Tuttle, according to L. B. Baird, receiver of closed banks. The dividend is being paid through the office of P. A. O'Keefe, district manager, at Bismarck

2. December 19, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 19, 1928

Click image to open full size in new tab

Article Text

Closed Banks Are Paying Depositors Dividends are being paid to the depositors of two closed state banks, the receiver of closed state banks announced today. A 30 per cent dividend is being paid to depositors of the Tuttle State Bank. making the total to date 50 per cent. Payment is being made by