Colgate State Bank - Colgate, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 20, 1928
Location: Colgate, North Dakota (47.245, -97.656)

Metadata

Model: gpt-5-mini
Short Digest: 9122a4c4

Response Measures

None

Description

Article (Dec 20, 1928) states Colgate State Bank is a closed state bank with a receiver (L. R. Baird) paying a 30% dividend to depositors. No run is mentioned; bank is in receivership/closed permanently.

Events (2)

1. December 20, 1928 Other

Newspaper Excerpt: Three Closed Banks Paying Depositors Dividends are being paid to depositors of three closed state banks, L. R. Baird, receiver of closed state banks, announced here today.
Source: newspapers

2. December 20, 1928 Receivership

Newspaper Excerpt: A dividend of 30 per cent is being paid to depositors of the Colgate State bank, payment being made through O. L. Engen, district manager, for receiver at Fargo.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 20, 1928

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Article Text

Three Closed Banks Paying Depositors Dividends are being paid to depositors of three closed state banks, L. R. Baird. receiver of closed state banks, announced here today. A dividend of 30 per cent is being paid to depositors of the Colgate State bank, payment being made through O. L. Engen, district manager. for receiver at Fargo. A dividend of 10 per cent is being paid to depositors of the Ayr State