First State Bank - Epping, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 23, 1923
Location: Epping, North Dakota (48.279, -103.357)

Metadata

Model: gpt-5-mini
Short Digest: 0dd1da32

Response Measures

None

Description

The article (Bismarck Tribune, 1925-07-20) lists Bottineau County Bank among Class B banks for which the State Guaranty Fund will pay dividends to depositors of closed banks. The text is OCR-corrupted but appears to report the bank as having closed/failed earlier (text suggests a July 23, 1923 closure). No run or depositor agitation is described in the excerpt. Date of closure is inferred from garbled text (see cause_details); this inference is uncertain — see snippet.

Events (1)

1. July 23, 1923 Suspension

Cause Details: Listed among banks closed/failed and placed in Class 'B' for state guaranty fund payouts; article does not describe a run or specific cause for suspension. Closure date inferred from garbled text suggesting July 23, 1923 but OCR is uncertain.
Newspaper Excerpt: Class B Banks ... Bottineau County Bank, Bottineau.
Source: newspapers

Newspaper Articles (1)

1. July 20, 1925 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, July 20, 1925

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Article Text

CLOSED BANK DEPOSITORS TO GET DIVIDENDS More Than $100,000 Will Be Paid by State Guaranty Fund Commission READY IN THIRTY DAYS All Claims of Less Than Twelve Dollars to Be Settled in Full Dividends estimated in excess of $100,000 will be paid to depositors of banks which first and Sept. 30, was July 23 closed failed 1923, between it the guaranty coma statement announced mission in by commission issued fund today fund at its session here The recent guaranty voted "B" divi- indends to be assigned to Class stitutions. The return will amount to ten per cent upon guaranteed deposits. Ready in 30 Days, fund commission will to commence "The be guaranty ready these consider- claims upon days as a the banks have ation in number about and of thirty payment from date. not been completely audited, but will probably be finished by that time," it was stated F. W. Cathro. will be the Announcement by made where to the newspapers in the towns closed banks are situated or in counofficial papers shortly, and dewill all be in excess ty commission positors notified of be acceptance by the of and will to their Receiver's their send deposits in required Certifi- form cates after notification, and a of verification of claims in excess of $100, no special verification being required for claims of less than $100. under the rule of the commission. Notice to Depositors Persons whose claims have been held as not guaranty will receive at rejected registered eligible notice to address. known postoffice these comcan their mission Claims last against announce, banks. be the handled ble having with if more persons expedition claims and less the against trou- time the will simply await is received Inwhen banks notice letters by written them. made and rewhether or not considered. serves will garding quiries be simply their claims to slow the work of the of less than All up claims commission. $12.00 will be in full and will for not paid be drawn amounts dividend in of checks than $10.00, excepting cases are less so doing, it is less where amount. claims By than estimated that one-half "B" be included that probably in Class banks of the the will claims large thus saving work and a amount eliminated, of administration considerable amount of money in cost and expense. Class "B" Banks banks are in division: Farmers of Following "B" designated Bank Hurdsfield State Bank; Hickson Fessenden: Class Farmers State American & Bank: MerNew Rockford; Sanish; State Van Hook; chants State Bank, Bank, Bank, Scand. Citizens American State Bank, Tagus; Farmers State Bank. Sanish: Blaisdell State Bank; AmerBank, Burlington; Farmers State Bank of ers ican Bank, State Ray: Oriska; Bank, Farm- Farm- Dunn Hazen; Horace First Bank, ers Center; Bank, State Dawson; State Bank: First State Bank, Dunn Center: Farmers & Merchants Bank, Leeds; Farmers State Bank, Neche: Farmers & Merchants Bank, Overly; First State Bank, Epping: Merchants State Bank. Werner; Bottineau County Bank, Bottineau.