Bank of Cogswell - Cogswell, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 4, 1922
Location: Cogswell, North Dakota (46.107, -97.782)

Metadata

Model: gpt-5-mini
Short Digest: 2da74a49

Response Measures

None

Description

Article (The Bismarck Tribune, 1922-01-04) lists Cogswell among towns with banks have been or are closed and describes appointment of receivers by the State Banking Board. No run reported; closure and receivership implied. Date taken from publication.

Events (3)

1. January 4, 1922 Receivership

Newspaper Excerpt: it will be possible to appoint a receiver in each of the districts to take charge of the closed banks in the area... Fargo District ... Cogswell ... listed by the names of the towns in which banks have been or are closed follows: ... Cogswell
Source: newspapers

2. January 4, 1922 Suspension

Cause: Government Action
Cause Details: State Banking Board grouping of closed banks and appointment of receivers to take charge of closed banks in the district; Cogswell listed among towns with closed banks.
Newspaper Excerpt: the towns in which banks have been or are closed follows: ... Cogswell
Source: newspapers

3. * Other

Newspaper Excerpt: Tentative division of the state into eight banking districts has been made by the State Banking Board, the basis of the change being the hope that it will be possible to appoint a receiver in each of the districts to take charge of the closed banks in the area.
Source: newspapers

Newspaper Articles (1)

1. January 4, 1922 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 4, 1922

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Article Text

WOULD APPOINT RECEIVER FOR EACH DISTRICT Proposal Made To Divide State Into Eight Banking Districts Tentative division of the state into eight banking districts has been made by the State Banking Board, the basis of the change being the hope that it will be possible to appoint a receiver in each of the districts to take charge of the closed banks in the area. While some of the - present receivers are holding their positions through court action, an appeal will be taken to the supreme court immediately for a final review of the statutes involved, and in the meantime the banks without receivers, or the banks where the re coivers have resigned, have been grouped. The divisions are tentative only and may be changed as conditions warrant. O. L. Engen of the Fargo District was the first of the receivers to be appointed and he has taken over the control of most of the banks in his district. The proposed groupings, listed by the names of the towns in which banks have been or are closed follows: Grand Forks District Grand Forks, Milton, Bathgate, Mowbray, Crocus. Fargo District Fargo, Prosper, Hatton, Edgeley, Jud, Cogswell, Crete. New Rockford District New Rockford, "Brantford, Kalum, Courtenay. Bismarck District Crystal Springs. Braddock, Pingree, Robinson, Leith, Timmer, Hazen. Bowman District Bowman, Haynes, Rhame, Marmath, Amidon. New England District New England, Havelock, Regent, Belfield, Beach, Killdeer.