12368. Security State Bank (Kensal, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 27, 1926
Location
Kensal, North Dakota (47.301, -98.733)

Metadata

Model
gpt-5-mini
Short Digest
9e48e6eb

Response Measures

None

Description

Newspaper articles (1926-1927) describe the Security State Bank of Kensal as a closed bank with the state receiver (L. R. Baird) paying dividends to depositors through district managers. No article describes an immediate run; the bank was closed and in receivership and paying dividends, indicating a suspension followed by permanent closure/receivership.

Events (3)
1. February 27, 1926 Receivership
Newspaper Excerpt
A 10 per cent dividend is now being paid to the depositors of the closed Farmers Bank of McKenzie county, at Charlson, N. D., according to L. R. Baird, receiver for closed banks. A 10 per cent dividend is also being paid the depositors of the Security State bank at Kensal, N. D.... through C. W. Conroy, district manager, at Devils Lake. (The Bismarck Tribune, 1926-02-27).
Source
newspapers
2. January 17, 1927 Other
Newspaper Excerpt
DIVIDENDS TO BE PAID BY 10 CLOSED BANKS ... Security State Bank, Kensal, second dividend of 10 per cent; ... announced here today by L. R. Baird, state receiver of closed banks.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank is described as closed and under the state receiver (L. R. Baird), indicating suspension by state authority and placement in receivership.
Newspaper Excerpt
A 10 per cent dividend is also being paid the depositors of the Security State bank at Kensal, N. D. ... through C. W. Conroy, district manager, at Devils Lake.
Source
newspapers

Newspaper Articles (4)
1. February 27, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 27, 1926

Click image to open full size in new tab

Article Text

Banks at Kensal and Charlson Are Paying Dividends A 10 per cent dividend is now being paid to the depositors of the closed Farmers Bank of McKenzie county, at Charlson, N. D., according to L. R. Baird, receiver for closed banks. A 10 per cent dividend is also being paid the depositors of the Security State bank at Kensal, N. D. The payment by the bank at Charlson is being made through J. P. Reeve, district manager, at Burlington, and that for the bank at Kensal through C. W. Conroy, district manager, at Devils Lake.

2. March 3, 1926 Morning Pioneer Mandan, ND
Article from Morning Pioneer, March 3, 1926

Click image to open full size in new tab

Article Text

MANNHAVEN BANK GET DIVIDENDS Bismarck dividend of ten percent to be paid the creditors the Security State Bank of Kensal, through C.W Conroy district manager at Devils Lake, was here today by Baird, state bank receiver Baird announced ten percent dividend creditors the Mercer he paid Delaney, district manager

3. March 3, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 3, 1926

Click image to open full size in new tab

Article Text

Kensal and Manhaven Banks Pay Dividends A dividend of 10 per cent to be paid to the creditors of the Security State Bank of Kenşal, N. D., through C. W. Conroy, district manager at Devils Lake, was announced here today by L. R. Baird, state bank receiver. Baird also announced a 10 per cent dividend to creditors of the Mercer County State Bank, Manhaven, N. D., to be paid by E. S. DeLaney, district manager at Bismarck.

4. January 17, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 17, 1927

Click image to open full size in new tab

Article Text

DIVIDENDS TO BE PAID BY 10 CLOSED BANKS State Receiver Baird Announces Payments Through District Offices Dividends to be paid to the depositors in 10 closed banks were announced here today by L. R. Baird, state receiver of closed banks. Five dividends to be paid through the office of C. W. Conroy, district manager at Devils Lake, are: Security Bank of Oberon, a second dividend of 10 per cent; Security State Bank, Kensal, second dividend of 10 per cent; Farmers State Bank, Hesper, second dividend of 15 per cent; Karnak State Bank, second dividend of 20 per cent; Security State Bank, Brantford, a dividend of 10 per cent. Two dividends will be paid through the office of G. R. Van Sickle, district manager at Minot, as follows: Farmers and Merchants State Bank, Barton, 20 per cent; Towner State Bank, Towner, a second dividend of 30 per cent. Three dividends will be paid through the office of J. P. Reeve, district manager at Burlington, as follows: Farmers State Bank, Noonan, a second dividend of 20 per cent; Citizens State Bank, Flaxton, second dividend of 10 per cent; First State Bank, Lansford, second dividend of 10 per cent.