12187. Dakota National Bank (Dickinson, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7663
Charter Number
7663
Start Date
January 1, 1924*
Location
Dickinson, North Dakota (46.879, -102.790)

Metadata

Model
gpt-5-mini
Short Digest
5ce978c4

Response Measures

None

Receivership Details

Depositor recovery rate
54.1%
Date receivership started
1924-02-07
Date receivership terminated
1932-06-04
OCC cause of failure
Economic conditions
Share of assets assessed as good
6.6%
Share of assets assessed as doubtful
58.4%
Share of assets assessed as worthless
34.9%

Description

The Dakota National Bank of Dickinson is repeatedly described as defunct and in the hands of a receiver. Articles note it closed in January 1924 and that receivers (C.C. Storing, later A.J. Biewar, and references to other receivers) were liquidating assets and paying dividends to depositors over subsequent years. No contemporaneous bank run is described in the provided articles; the bank was suspended/closed and placed in receivership and ultimately liquidated.

Events (6)

1. March 27, 1905 Chartered
Source
historical_nic
2. January 1, 1924* Suspension
Cause Details
Article states the bank closed in January 1924 but does not specify a triggering cause in the provided texts.
Newspaper Excerpt
The Dakota National at Dickinson ... closed in January 1924
Source
newspapers
3. February 7, 1924 Receivership
Source
historical_nic
4. March 31, 1926 Receivership
Newspaper Excerpt
F. A. Voracheck ... was receiver for the Dakota National Bank of Dickinson ... (Voracheck) died yesterday ... 1926-03-31 article references him as receiver.
Source
newspapers
5. February 10, 1928 Other
Newspaper Excerpt
10 per cent on the Dakota National bank, Dickinson, 45 per cent to date; ... will be paid immediately according to an announcement ... C. C. Storing, U. S. receiver of the three defunct institutions.
Source
newspapers
6. April 6, 1929 Receivership
Newspaper Excerpt
A. J. Bleiewar ... has been appointed receiver of the Dakota National bank of Dickinson to succeed C. C. Storing ... 1929-04-06
Source
newspapers

Newspaper Articles (10)

Article from The Bismarck Tribune, March 31, 1926

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Article Text

# Voracheck Was # Receiver For the # Dakota National F. A. Voracheck, who died yesterday in a government hospital at St. Paul, was receiver for the Dakota National Bank of Dickinson, not the First National Bank of Dickinson, L. R. Baird, receiver of state banks said today. The First National Bank of Dickinson has never been in the hands of a receiver, Baird said.


Article from The Bismarck Tribune, March 31, 1926

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Article Text

Voracheck Was Receiver For the Dakota National F. A. Voracheck, who died yesterday in government hospital at St. Paul. was receiver for the Dakota National Bank of Dickinson, not the First Bank of Dickinson, R. Baird. state banks said today. The First National Bank of Dickinson has been the hands of a receiver, Baird said.


Article from Morning Pioneer, December 23, 1926

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Article Text

MORATORIUM OF WAR TIME CITED IN COURT ACTION One case interest in which plaintiff brought records her husband. was tried at the term court just closed Stark county, according to Judge H Berry presided. Judge Berry and Court porter Broderick returned hom evening Dickinson. Mrs. Agnes Rademacher brought against Storing as of the defunct Dakota National bank alleging that the bank attached perty to her husband while in the service during the world and asking that the property be restored her on the grounds for all men was in effect Counsel for Mr. Storing charged the property was not and great records and was presented. The jury apparently believe in the theory for the verdict favored the bank receiver.


Article from Mandan Pioneer, December 24, 1926

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Article Text

MORATORIUM OF WAR TIME CITED IN COURT ACTION One case of real interest in which the plaintiff brought records of her husband. was tried the term of court just closed Stark county, according Judge H. Berry who presided. Judge Berry and Court Re. porter Broderick returned home evening from Dickinson. Mrs. Agnes Rademacher brought against Storing as receiver of the defunct Dakota National bank alleging that the attached pro perty to her husband while he was in the service during the world war and asking the perty restored to on grounds general moratorium for service was effect. Counsel for Mr. Storing charged the property question was the husband's and great mass of records and testimony was presented. jury apparently didn't the moratorium theory for favored the bank receiver


Article from The Bismarck Tribune, January 15, 1927

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Article Text

# DECISION OF SUPREME COURT From Stark County Frank L. Vorachek, as receiver of Dakota National Bank, a corporation, of Dickinson, N. D. Plaintiff and Respondent. VS. J. C. Anderson and Fred J. Flury, doing business as the Dakota Baseball Association, et al, Defendants. J. C. Anderson and Fred J. Flury, Defendants and Appellants. SYLLABUS: One who makes a contract on behalf of a voluntary association is personally liable thereon, although he is acting only as agent for the asso-


Article from The Bismarck Tribune, February 10, 1928

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Article Text

MANDAN NEWS Mandan Bank to Pay 10 Per Cent Dividend Dividends of 10 per cent to depositors of the Merchants National bank, Mandan, 35 per cent to date; 10 per cent on the Dakota National bank, Dickinson, 45 per cent to date; and 15 per cent on the First National bank, Turtle Lake, N. D., 35 per cent to date, will be paid immediately according to an announcement today of C. C. Storing, U. S. receiver of the three defunct institutions. The Merchants National of Mandan closed in December, 1923, and the 10 per cent dividend announced is the third made, bringing the total of funds returning to depositors of $117,575.60 or 35 per cent. Dickinson depositors get their fourth dividend, making $79,741.83 returned, while the First National of Turtle Lake will pay its third dividend and $49,989.37 paid up to date. In addition Mr. Storing announces all borrowed money carried by the banks and secured by collateral has likewise been paid.


Article from The Bismarck Tribune, April 2, 1929

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Article Text

RECEIVER STORING WILL TAKE VACATION National Bank Man at Mandan Will Be Succeeded by A. J. Biewar From Hannaford C. C. Storing. receiver for the Merchants National bank, Mandan, since it closed in December, 1923, is turning over its affairs to A. J. Biewar. named to succeed him, and will take a long vacation away from the grind of liquidating the liabilities of the Mandan institution and those of the First National, of Turtle Lake. and the Dakota National, of Dickinson. He will visit Minneapolis and Wash-


Article from Mandan Pioneer, April 5, 1929

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Article Text

STORING, NAT'L RECEIVER, BANK RESIGNS OVER CON TAKES SUCCESSOR THREE TROL TODAY TASKS past six Storing charge resident defunct the Biewar named Biewar closed bank been Mr Storing long rest grind closed assets leave next He before visit vacation handling of Mr Bank and Dakota Lake The Bank in Mandan ional in received dividends further per soon as court as orders involving around actions The Dakota National at DickinJanuary 1924 depos having received 45 per dividends their claims, 35 been paid depositors the First Turtle which closed That 35 pet cent with further dividend developed Merchants National Bank wreckage, considered persons familiar with been an unusual showing Mr. Storing


Article from The Bismarck Tribune, April 6, 1929

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Article Text

Hannaford Man to Succeed Storing Dickinson, N. Dak., April 6.-(AP)-A. J. Bleiewar, Hannaford, has been appointed receiver of the Dakota National bank of Dickinson to succeed C. a. Storing, resigned, it was announced from the office of the comptroller of the currency. He will take charge of his new duties at once. The new receiver has been stationed at Hannaford for the last few years while closing up the affairs of the defunct First National bank there. He will make his headquarters at Mandan and in connection with his duties here will be in charge of the liquidation of other national banks in that city and at Turtle Lake.


Article from The Bismarck Tribune, November 28, 1930

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Article Text

Two Murder Cases Slated for Trial In District Court (Continued from page one) and Young represent the railroad company. Suit of $15,000 is being waged by W. J, Altringer against Alfred Karlson, a farmer north of the city, whose car struck Jeanette Altringer last April 11 at Rosser and Twelfth streets. Karlson was arrested by the police at the time but the only case they were able to make out against him then was failure to report the accident. Police Magistrate E. S. Allen fined Karlson on that charge, but recently, in looking up the law, he says, he found he had no authority to impose the fine and he is planning to ask the city commission to remit the amount. William Langer represents the Altringers and George M. and George S. Register will appear for Karlson. Ford Tax Case Back Dr. F. M. Gilbreath, Linton dentist, is suing Christ Bertsch Jr. for $7,157.57 as a result of going into the ditch on highway No. 10, near the Kidder county line, March 25, 1930, alleging that Bertsch crowded him off the road. O'Hare, Cox and Cox represent the plaintiff, and Conmy, Young and Conmy the defendant. The old action growing out of a prairie fire near Welch's spur in 1929, in which Warren Taylor asks $5,000 damages from the Soo Line for himself and neighbors who, for the purposes of the action, have assigned their claims to him, will be called again at this term. It was tried before and went to the supreme court. as a result of which it was referred back to the district court for retrial. The suit of the Ford Motor company of Detroit for rebate of a $55,000 state tax of several years ago, which has been before the courts and the legislature for adjustment, is on the December calendar also. O'Hare, Cox and Cox represent the Ford company and the state will be represented by Attorney General James Morris and his deputy, Charles Simon. The new calendar starts with 81 cases left over from the former calendar. New actions added to the calendar include: B. Mann vs. U. L. Burdick, V. R. Lovell. H. F. Horner, copartners, and Tom Burke. David R. Forgan, Charles W. Folds, C. W. Seabury, John D. Larkin, B. A. McDonald, E. A. Duncan, W. H. Grimes, R. Walter Graham, and James C. Fenhagen, as the Commercial Credit Trust, vs. Joseph Breslow. H. A. Streeter, as receiver for the Dakota National bank, Dickinson, vs. G. S. Chalmers and L. A. Winter. Matt Michelson vs. George Regnier, John Baumiller and the Occident Elevator company. Clear Lake School district No. 15, Kidder county, vs. P. C. Remington and W. F. Hartman. Fred Fischer, administrator of the estate of John Weisz, vs. Fred Rittel. Patterson Hotel company vs. Harry Zuehlsdorff and John Bornhofer, as General Motors company. A. F. Smith company vs. F. E. Young. United Vates Bedding company vs. Ruder Furniture company. Louis Olson vs. Rollin Welch, as sheriff, and Albin Hedstrom, as deputy. Catherine J. Lee vs. G. Olgierson, J. J. Scallon and G. A. Hubbel. Caroline Selee vs. F. E. Young. Charles C. Lamb vs. Frank Krall. L. R. Baird as receiver of the First State bank of Garrison vs. J. A. Reuter. L. R. Baird, as receiver for Gwinner