Dunseith State Bank - Dunseith, ND

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1908*
Location: Dunseith, North Dakota (48.813, -100.061)

Metadata

Model: gpt-5-mini
Short Digest: d5861f05

Response Measures

None

Description

Article (Golden Valley Chronicle, 1908-01-23) states the Dunseith State Bank had temporarily suspended because of inability to get cash but resumed business last week. This indicates a suspension with subsequent reopening; no run is mentioned. The liquidity problem involved securing cash from Eastern banks (treated as correspondent/wholesale funding issue). Dates are imprecise in the article; reopening placed in January 1908.

Events (2)

1. January 1, 1908* Reopening

Newspaper Excerpt: The Dunseith State bank ... resumed business last week. It has securities to secure plenty of cash from Eastern banks. Its embarrassment was due entirely to a shortage of cash, as its securities are all good.
Source: newspapers

2. January 1, 1908* Suspension

Cause: Correspondent
Cause Details: Inability to get cash; temporary suspension caused by shortage of cash and difficulty securing cash from Eastern banks.
Newspaper Excerpt: The Dunseith State bank, which closed its doors a short time ago, resumed business last week.
Source: newspapers

Newspaper Articles (1)

1. January 23, 1908 Golden Valley Chronicle Beach, ND

Article from Golden Valley Chronicle, January 23, 1908

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Article Text

BANK RESUMES BUSINESS. Inability to Get Cash Had Caused Temporary Suspension. The Dunseith State bank, which closed its doors a short time ago, resumed business last week. It has securities to secure plenty of cash from Eastern banks. Its embarrassment was due entirely to a shortage of cash, as its securities are all good. Most of the leading patrons have resumed business relations with it, and a nummer have made deposits, showing complete confidence in the management.