First State Bank - Hastings, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 29, 1931
Location: Hastings, North Dakota (46.684, -98.095)

Metadata

Model: gpt-5-mini
Short Digest: c47ceb42

Response Measures

None

Description

Article (Dec 29, 1931) reports the closed First State Bank of Hastings is in receivership and paying a third dividend to creditors. No mention of a depositor run; the bank is closed with a state receiver making dividend payments, so classed as suspension leading to closure/receivership.

Events (2)

1. December 29, 1931 Other

Newspaper Excerpt: Payment is being made through the office of A. E. Jones, district manager, at Lisbon.
Source: newspapers

2. December 29, 1931 Receivership

Newspaper Excerpt: A third dividend of 10 per cent is being paid to creditors of the closed First State Bank of Hastings. Barnes county, it was announced by L. R. Baird, state receiver.
Source: newspapers

Newspaper Articles (1)

1. December 29, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 29, 1931

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Article Text

Hastings Depositors Receiving Dividends A third dividend of 10 per cent is being paid to creditors of the closed First State Bank of Hastings. Barnes county, it was announced by L. R. Baird, state receiver. Payment is being made through the office of A. E. Jones, district manager, at Lisbon.