Belfield State Bank - Belfield, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 11, 1924
Location: Belfield, North Dakota (46.885, -103.200)

Metadata

Model: gpt-5-mini
Short Digest: 2aec93d6

Response Measures

None

Description

Article (The Bismarck Tribune, 1924-03-11) discusses litigation involving the former receiver of the Belfield State Bank and the general receiver for closed banks, indicating the bank had been closed and a receiver appointed. No mention of a depositor run in the article. Cause of closure is not specified in the text.

Events (1)

1. March 11, 1924 Receivership

Newspaper Excerpt: demurrer of the state bonding fund to the case of L. R. Baird, general receiver of closed banks, against Adam Lefor, former receiver of a Belfield State Bank, in which the receiver charged misapprcpriation of funds, demanded an accounting and asked $25,000 on Lefor's bond.
Source: newspapers

Newspaper Articles (1)

1. March 11, 1924 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, March 11, 1924

Click image to open full size in new tab

Article Text

LEFOR CASE BEFORE JUDGE Demurrer of State Bonding Fund Is Sustained Judge C. M. Cooley of Grand Forks, in district court here today, sustained a demurrer of the state bonding fund to the case of L. R. Baird, general receiver of closed banks, against Adam Lefor, former receiver of a Belfield State Bank, in which the receiver charged misapprcpriation of funds, demanded an accounting and asked $25,000 on Lefor's bond. The bonding fund contended the claim was not filed within the statutory 20 days. Immediately attorneys for the receiver filed an amended complaint to cover the situation. There still remained a demurrer interposed by Lefor to be ruled upon Attorneys for Lefor raised the question of whether or not Judge Cooley, being of another district, could sit in the case. Judge Cooley stated that many complicated situations had arisen out of the law of the last legislature under which, with a supreme court order, bank receivership matters were placed in the Burleigh district court and Judge Cooley designated to have charge. Judge Cooley said there was a question of just how far this jurisdiction goes.