First State Bank - Hazen, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 11, 1928
Location: Hazen, North Dakota (47.294, -101.623)

Metadata

Model: gpt-5-mini
Short Digest: 2067fd02

Response Measures

None

Description

Articles indicate the First State Bank of Hazen had closed (prior to 1927) and was in receivership; a receiver paid a dividend to depositors in April 1928. There is no mention of a depositor run; the bank was closed and a receiver was administering assets, so this is a suspension leading to permanent closure/receivership.

Events (2)

1. April 11, 1928 Receivership

Newspaper Excerpt: Payment of a first dividend of 10 per cent to depositors of the closed First State bank of Hazen is announced today by L. R. Baird, receiver for closed banks. The dividend is being paid through P. A. O'Keeffe, district manager, at Bismarck.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (county alleges losses due to the closing).
Newspaper Excerpt: the county alleges lost through the closing of The First State Bank of Hazen.
Source: newspapers

Newspaper Articles (4)

1. April 16, 1927 Morning Pioneer Mandan, ND

Article from Morning Pioneer, April 16, 1927

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Article Text

MERCER COUNTY APPEAL ARGUED IN STATE COURT (By The Associated Press) heard the Arguments yesterday the supreme court Mercer county against Ro berts and the state bonding fund. The Mercer court held that Roberts was not liable for which the county alleges lost through the closing of the First State Bank of Hazen. Roberts, then county treasurer, cepted draft the Hazen bank payment taxes and gave his check for the balance due the payee The check the Hazen bank was on collected. Only the county argued the fore the supreme court, the bonding fund submitting on brief.

2. April 16, 1927 Morning Pioneer Mandan, ND

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Article Text

MERCER COUNTY APPEAL ARGUED IN STATE COURT Associated Press). Arguments heard court yesterday in the supreme Mercer county against berts and state bonding fund. The Mercer county held that Roberts was for the lost through the closing the First State Bank of Hazen. Roberts, then county treasurer, cepted draft the Hazen bank payment taxes and his check for the balance due the check the Hazen bank Only the county argued supreme court, the bonding submitting brief.

3. April 16, 1927 The Bismarck Tribune Bismarck, ND

Article from The Bismarck Tribune, April 16, 1927

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Article Text

Mercer County Asks New Trial in Case Involving Bond Fund Arguments were heard in the supreme court yesterday in the case Mercer county against H. Roberts and the state bonding fund. The county district court held that Roberts was not liable for $1,290. which the county alleges lost through the closing of The First State Bank of Hazen. Roberts, then county treasurer. aecepted draft on the Hazen bank in payment taxes and gave his check for the balance due the payee. The check the Hazen not collected. Only the county argued the case before the supreme court, the bonding fund submitting it on brief.

4. April 11, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, April 11, 1928

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Article Text

HAZEN BANK PAYS DIVIDEND Payment of a first dividend of 10 per cent to depositors of the closed First State bank of Hazen is announced today. by L. R. Baird, receiver for closed banks. The dividend is being paid through P. A. O'Keeffe, district manager, at Bismarck.