First National Bank - Casselton, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2792
Charter Number: 2792
Start Date: January 1, 1914*
Location: Casselton, North Dakota (46.901, -97.211)

Metadata

Model: gpt-5-mini
Short Digest: 3530594a

Response Measures

None

Receivership Details

Date receivership started: 1915-12-06
Date receivership terminated: 1916-03-15
OCC cause of failure: Fraud

Description

Article states the First National Bank of Casselton failed nearly three years ago (article dated 1917-08-11, implying failure circa 1914). The piece primarily reports receiver appointment for the Kittel estate; R.C. and W.F. Kittel were president and cashier of the bank and are in prison. No explicit mention of a depositor run in the provided text. The bank is described as having failed (permanently closed) prior to the article. I classify this as a suspension leading to closure (suspension_closure).

Events (6)

1. October 11, 1882 Chartered

Source: historical_nic

2. January 1, 1914* Receivership

Newspaper Excerpt: R. C. Kittel and W. F. Kittel were president and cashier respectively of the First National Bank of Casselton which failed nearly three years ago.
Source: newspapers

3. December 6, 1915 Receivership

Source: historical_nic

4. March 15, 1916 Restored To Solvency

Source: historical_nic

5. August 11, 1917 Other

Newspaper Excerpt: Oscar F. Grey, director of the reorganized First National Bank of Casseiton, was named receiver for the estates.
Source: newspapers

6. March 18, 1933 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. August 11, 1917 The Dickinson Press Dickinson, ND

Article from The Dickinson Press, August 11, 1917

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Article Text

RECEIVER APPOINTED FOR KITTEL ESTATE With assets totalling $193,222.58 and liabilities of $532,313.67, R. C. Kittel & Co., and the individual members of the firm, R. C. Kittel, M. G. Kittel and W. F. Kittel, have filed petitions in voluntary bankruptcy before Referee Emerson H. Smith in Fargo. Oscar F. Grey, director of the reorganized First National Bank of Casseiton, was named receiver for the estates. R. C. Kittel and W. F. Kittel were president and cashier respectively of the First National Bank of Casselton which failed nearly three years ago. They are now serving terms in the federal penitentiary at Ft. Leavenworth.