First National Bank (Alexander, ND)

Episode Information

Episode UID
1129701493
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
112970 national
Charter Number
11297
Start Date
May 1, 1924*
Location
Alexander, North Dakota (47.843, -103.643)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
84e094ed52c6c681

Response Measures

None

Receivership Details

Depositor recovery rate
26.0%
Date receivership started
1924-04-15
Date receivership terminated
1929-01-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
32.9%
Share of assets assessed as doubtful
37.8%
Share of assets assessed as worthless
29.3%

Events (4)

1. February 1, 1919 Chartered
Source
historical_nic
2. April 15, 1924 Receivership
Source
historical_nic
3. May 1, 1924* Suspension
Cause Details
Article indicates the bank was closed and under receiver's charge but gives no specific trigger or cause for suspension.
Newspaper Excerpt
Wm. E. Birmingham, national bank receiver, spent Monday at Alexander in connection with the affairs of the closed First National bank there.
Source
newspapers
4. May 22, 1924 Receivership
Newspaper Excerpt
Wm. E. Birmingham, national bank receiver, spent Monday at Alexander in connection with the affairs of the closed First National bank there.
Source
newspapers

Newspaper Articles (2)

Article from Fairview News, May 22, 1924

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Article Text

Local News Mr. and Mrs. Begs left Monday for the west. E. A. Nissen was over from Alexander to spend Sunday. Mrs. Roy Collins and one of the girls are ill with the flu. Grandma Vanderhoof is back to Fairview to spend the summer. Mrs. Herman Servin is visiting friends at Watford City this week. Claud Runyun went to Velva to get his car which he will drive back. W. B. Chappel went to Fromberg, driving through, Saturday to visit his family. Mrs. Sam Sluiter of Richey is spending a few days in town and having some dental work done. Bill Varner, prominent rancher south of Cartwright, transacted business in Fairview Thursday, this week. Wm. E. Birmingham, national bank receiver, spent Monday at Alexander in connection with the affairs of the closed First National bank there. Al Sluiter has received word from Mr. Brunner, the cheese factory man, that he will arrive here between the 1st and 10th of June with his factory equipment. Mr. and Mrs. Roy Javnager and children will leave in their car the first of the week for Casper, Wyoming, for a visit at the homes of two brothers of Mrs. J.'s. It is reported that Paul C. C. Wagner, county agricultural agent of McKenzie county, has resigned that position to go with the Agricultural Credit Corporation, immediately effective. Mrs. Walter Bosshard of Van Hook, N. D., visited at the Lemieux and Elmer Bosshard homes from Saturday until Wednesday, when she left for Cliamala, Wash., where Mr. Bosshard preceded her with an emigrant car. Mrs. W. A. Leo and Mrs. Davis were in town from their farm homes near Girard last week. Mrs. Leo said Mr. Leo is busy putting in his crops. She attended to some property matters and they drove home the following day. John McCollins resigned his job with the Farmers State Bank and has entered upon a position with the North Dakota closed bank department. He left last week for Devils Lake, where his work is centered. There are over thirty closed banks in that jurisdiction and John has complete charge of one department with a staff of seven subordinates. Mrs. Jack Kaufman and children left Saturday for Pelican Rapids, Minn., where Mr. Kaufman is and the family will reside this summer. Mr. and Mrs. Glenn Richardson took them to Williston to take the train from there, and themselves drove back by way of Alexander, where they visited at the Hyde home, coming home Monday accompanied by Neil Hyde, who came over to attend the baccalaureate services. Miss Louise Seims and P. W. Lacy were married at Watford last week. Both are well known here, the bride being the daughter of Mr. and Mrs. Ed. Seims, former residents here living at Watford City. Mr. Lacy represents the International Harvester Co. in this territory and has been making his headquarters at Watford. Mr. and Mrs. Lacy will live in Fairview this summer. The News joins their friends in extending congratulations. Mrs. C. D. Kempfert will leave for the twin cities next week for a visit with relatives and friends. Ben Sluiter has been on the sick list the past two weeks. He is about and says he is feeling much better at this writing. The Bridge club met at the L. E. Newlon home Wednesday evening. A delightful dinner was served by the hostess and the usual bridge session followed. Bert Frankl is this week at Billings attending a meeting of druggists. He drove his car through and was accompanied from Sidney by Jim Turner, druggist there. Mrs. Oscar Johnson returned from Minneapolis Tuesday, after a two months' visit with her sister, resident there. She reports the unemployment situation in the twin cities critical. Wages are lower than they have been in years and there is no demand for labor. Arrangements are being made by Secretary Van Quackenbush of the Commercial club to bring Max Morgan of the Fairmount Creamery here for a lecture and to display several reels of dairy pictures. Mr. Morgan is famous in dairying circles. He was for several years on the expert staff of the North Dakota A. C. at Fargo. The date he will be here will be announced as soon as definite arrangements are completed. Dr. and Mrs. Reisland were here the first of the week, the doctor filling his professional dates. They came from Fargo where he attended a ceremonial session of El Zagel Temple on May 17. Imperial Potentate Conrad H. Dyckman was in attendance on his official visit. He has visited 96 Shrines officially and honored signally the El Zagel shrine at Fargo by inviting the Chanters of the temple to participate in the ceremonies of the Imperial Conclave to be held in Kansas City in June. Fifty-four candidates were initiated into the mysteries of El Zagel during the session. Farmers are warned against letting their cattle eat too much green alfalfa now. Alfalfa bloat has taken a number of cattle in the valley already and will take more unless precautions are taken by cattle owners. John Mohrherr lost a valuable milch cow and a steer the first of the week. He said that had he reached them in time he could have saved them by puncturing their stomachs. It is necessary to know how to do it and Mr. Mohrherr knows how. Cattle owners who do not should inform themselves and Mr. Mohrherr would be glad to tell them how to insert a knife so as to save their cattle when alfalfa bloat gets them. A critter so taken dies quickly in great agony. Virgil Evans is back from Seattle where he spent several weeks. H. T. Nelson, assistant to Wm. E. Birmingham, national bank receiver, went to Billings last week to take some Masonic work in the higher degrees. John Helm tells the News that the sugar beets are coming out of the ground nicely and he looks forward to a good average yield in this section of the valley. Mr. Helm voices the opinion that conditions in this section are going to change for the better perceptibly with the crop promise looming up favorably and says we should all be glad we are here and not some place where the reverse order is imminent.


Article from Fairview News, September 11, 1924

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Article Text

LOCAL NEWS Mrs. J. M. Benoit will leave for Spokane, Wash., to visit her sister, the last of next week. Mrs. Oscar Berard and infant son returned to their home on Four Mile from the Sidney hospital last Thursday. E. A. Nissen accompanied a shipment of two cars of cattle to Chicago from Alexander, leaving last Saturday, for the receivership of the First National Bank of Alexander. Mr. Nissen is National Bank Receiver Wm. E. Birmingham's assistant with charge of the Alexander bank. Earle B. Hawley will leave Saturday for Helena to resume his studies at Intermountain Union college. His brother Ray will accompany him and enter upon his first year in the college. Earle was employed at the Maxson Co. store while Mr. and Mrs. Maxson were away. Dan McCollins returned Monday from Rugby, N. D., where he went last week to be present during the the threshing of the crop on his half-section farm there. He says he was satisfied with the returns from the place this year, about 100 acres of wheat yielding over 15 bushels to the acre. The territory between Minot and Rugby, he says, didn't get the necessary moisture during the growing season and the crops are comparatively light, although nearly all the farmers even in that territory will net a profit this year. Mr. and Mrs. B. T. Grow and son Palmer, who recently returned from Southern California to again make their home here, are comfortably settled on their farm just east of Fairview, and will operate the place next season. Miss Goldy Hurley has engaged to teach school near Girard and assumed the position Monday. Miss Hurley graduated from the Fairview high school with the class of 1924, and during the summer months attended the teachers' school at Miles City. The Misses Tenina and Belle Pomminville, who had been visiting at the V. D. Evans home, left last week to assume their teaching engagements. Miss Tenina is principal of the school at Enid, and Miss Belle is teaching in a school near Circle in McCone county. E. R. Prachel, representing the Fisk Tire Co., was here from Bismarck, N. D., one day this week calling on the local dealer, the Fairview Auto Co. He stated that his sales in the territory he has for the first week in September this year amounted to nearly as much as his sales for the entire month of September last year. Thornton Dean left Tuesday for Helena where he will enter upon his first year as a student at Intermountain Union College. He graduated from Fairview High with the class of '24. His brother, Milo, who has attended the college the past two years, and was home during the vacation period, returned to Helena last week to resume his studies. Mr. and Mrs Ed Halvorson and little boy and David Kay of Moscow, Idaho, relatives of H. N. Richardson, visited at his home a few days last week, making the trip by auto. Mr. Halvorson operated a threshing outfit in Idaho, where the threshing season closed last week, and had some idea of shipping the rig here if a sufficient run was in sight to warrant it. Finding enough rigs in this territory in good season, they left Monday for Fergus Falls, Minn., and from there Mrs. Halvorson and little son will go on to their former home in Wisconsin for a visit. The men will remain at Fergus Falls to put in the threshing season. Mr. McKay is Mrs. Halvorson's brother. M. E. LADIES WILL SERVE AT FAIR GROUNDS AT SIDNEY The M. E. Ladies Aid will serve at their booth on the Fair grounds at Sidney Sept. 16, 17, 18. Weiner sandwiches Pie Doughnuts Coffee Ice cream Andrew Nohle was in town from the ranch yesterday. Miss Nora McWold of City Point, Wis., who has been visiting at the home of her aunt, Mrs. Martin Thorsen, will make her home with her aunt this winter. Miss Dorothy Jevnager will leave Sunday for Casper, Wyoming, where she expects to attend school this winter. Her brother Roy and family now reside there and she will make her home with them. A baby girl was born to Mr. and Mrs. Bert Chase at their home in Fairview, last Saturday, Sept. 6th, Dr. Treat reports. E. S. Cushing arrived here Monday from Seattle, Wash., to look after his farm interests in the valley. Mr. and Mrs. Cushing, moving from here, went to Los Angeles, where they lived for some time. Last winter they moved from there to Seattle. Their son, Edgar, well known here, is now vice president of one of Seattle's strongest banking institutions. Mr. Cushing will return to Seattle when he has completed his business here. C. C. May, republican candidate for county treasurer, was in from his farm west of Sioux Pass Wednesday on some federal farm loan matters. He is secretary-treasurer of Spokane, was here and with Mr. association. Just before the primary election James Griffin of Chinook, appraiser for the Federal Land Bank at Spokane, was here and with Mr. May drove over the county extensively. He said the federal farm loans in Richland county had been well placed and well managed. He was accompanied by W. S. McCormack of Kalispell, director of the Spokane Federal Land Bank and who is the republican nominee for lieutenant governor. Mr. May will make a canvass of the county in the interests of his candidacy for county treasurer during October. He is regarded as one of the strongest candidates running for county office. Dr. A. M. Treat reports the birth of a baby boy to Senor and Senora Jose Vasquez, beet workers, at the J. D. Snyder farm on September 4th. Miss Rose Flynn, who has been visiting at the home of her parents, Mr. and Mrs. Robt. Flynn, will leave Friday for Lansing, Mich., where she will resume her position with the Lansing Mortgage Co. Attorney John A. Bird transacted legal business in district court at Sidney Monday, before Judge Frank P. Leiper who held court Monday and Tuesday to hear ex parte matters. Mr. Bird attended the meeting of the executive committe of the Richland County Republican Central committee Monday afternoon, while in Sidney. George Johnson is here from Seattle, Wash., to look after his farm interests. He owns a section of land near Sioux Pass which, so much of it as is under plow, is producing a big crop this year. Mr. Johnson left here two years ago to reside in Seattle, where he conducts a real estate and brokerage business. He says that Seattle is a live and progressive city and will continue so, but that few opportunities offer for people who go there expecting to find employment or enter business at the present time. He would not advise anyone who is managing to get along in Montana to go to any western coast city with greater expectations, he says, as they will most surely meet with disappointment. Mr. Johnson went out to Sioux Pass where threshing operations will begin on his farm in a few days. Mrs. P. S. Bates will leave Sunday to return to her home in Minneapolis after visiting through the summer with her daughter, Mrs. J. L. Warford, and her son, L. S. Bates here. Which reminds the editor that some time ago he received a letter from Mr. P. S. Bates, dated at Minneapolis, asking for information as to Mrs. Bates' whereabouts, he having brought her to Fairview by auto and left her here to visit, but after returning home picking up a Fairview News which referred to a visitor at the Warford and Bates homes as Mrs. L. S. Bates, Sr. He informed us that his wife would be known as Mrs. P. S. Bates, that he was batching it at home, and desired the information concerning her whereabouts to write to her and tell her of dishes stacked high and the home, with her presence, always in order and pleasant, strewn with all manner of things and all the comfort gone out of it. His letter was something of an S.O.S., but we didn't want to disturb Mrs. Bates' peace of mind, by imparting to her its contents, and so the next time her name appeared in the News we saw to it that it was as Mrs. P. S. Bates so that Dad Bates in Minneapolis would know that she was here and could expect some day that she would return to him unless she found out about the state of her household. The neighborhood folks have come to know Mrs. Bates and appreciate her for the loveable lady she is, and since they have lived so long together, it is reasonable to believe that Mr. Bates is a fine, companionable gentleman. The next time he visits Fairview, if his youngster don't pass him around and show him into the News office, that we may make his acquaintance, we shall probably say something in the News about said youngsters that they won't like. This mention is made more as a warning to Mr. Bates to get some one on the job to set the house in order before Mrs. Bates arrives home, in order to avoid trouble, than to tell the world that he ain't no housekeeper, and from the tenor of his letter it will be joyful tidings.