12370. First State Bank (Killdeer, ND)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
September 1, 1922*
Location
Killdeer, North Dakota (47.372, -102.754)

Metadata

Model
gpt-5-mini
Short Digest
540f4275

Response Measures

None

Description

Articles show the First State Bank of Killdeer had a receiver (C. J. Kunz) and was closed, then reopened (article Nov 14 says it reopened last week). No article describes a depositor run; the closure was handled by the state banking board/receiver, so classified as a suspension (government action) followed by reopening.

Events (2)
1. September 1, 1922* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; C. J. Kunz named receiver and legal actions listed in September court docket indicating the bank was closed and in receivership.
Newspaper Excerpt
No. 4355-C. J. Kunz, receiver of the First State bank of Killdeer vs. Farmers' and Merchants' State bank of New Salem...
Source
newspapers
2. November 1, 1922* Reopening
Newspaper Excerpt
The First State Bank of Killdeer, which reopened last week, is the 24th North Dakota bank to reopen after having been closed.
Source
newspapers

Newspaper Articles (3)
1. September 26, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, September 26, 1922

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Article Text

# SUPREME COURT # SCHEDULE HEAVY Most Cases to be Heard in October of Commercial Nature. Bismarck, N. D., Sept. 26.--Thirty-one cases for hearing will face the North Dakota supreme court when it opens its October term one week hence. Beginning October 3 hearings will include October 6 with one day's hearings on October 10. The docket has practically none of North Dakota's political cases, being initiated by cases of the Central Metropoplitan bank against the American State bank of Burlington and Jourgen Olson and against the Farmers' State bank of Sanish and Olson. A large number of commercial cases are listed. The October docket follows: Tuesday, October 3. No. 4385- Central Metropolitan bank vs. the American State bank of Burlington and Jourgen Olson. From Ward county. No. 4384- Central Metropolitan bank vs. Farmers' State bank of Sanish and Jourgen Olson. From Ward county. No. 4378-Ole Nesvold and Hulda Nesvold vs. W. J. Gording. From Ward county. No. 4377-Allen W. Odell vs. Henry Hiney. From Ward county. No. 4351- The State of North Dakota vs. Arthur G. Weber. From Bottineau county. Wednesday, October 4. No. 4394-State of North Dakota vs. Ira Kelsey. From Sargent county. No. 4392-Katherine Mason vs. Fred Underwood. From Ransom county. No. 4390-Rudolph Rohlik vs. Farmers' Insurance company. From Stark county. No. 4391-E. R. Sinkler vs. Gurly Sinkler. From Ward county. Thursday, October 5. No. 4390-W. G. Mead vs. Herman Bockorny and Mike Kukk. From Adams county. No. 4382-A. Stonehouse and E. Stonehouse vs. George Smith. From Grand Forks county. No. 4383.-Fred W. Sheffield vs. Stone-Ordean-Wells company. From Cass county. No. 4386-P. B. Neff and Edward Bailey vs. William H. Schrader. From Dickey county. Friday, October 6. No. 4379 Grandin Investment company vs. Nicholas Hartung and T. N. Hartung. From Stark county. No. 4347- The State of North Dakota vs. J. W. Pauley and Pearlie Pauley. From Burleigh county. No. 4388-Emil Harth vs. St. Paul Cattle Loan company. From Logan county. No. 4389-Martin Paulson vs. S. E. Hammond. From Richland county. Tuesday, October 10. No. 4395- William J. Carroll vs. New York Life Insurance Co. From Ward county. No. 4393-Frank O. Hellstrom and Clifford R. Norton vs. J. L. Price and E. D. Smith. No. 4376-Ben Bleeker vs. G. J. Johnson and P. Z. Mowry. From Burleigh county. No. 4355-C. J. Kunz, receiver of the First State bank of Killdeer vs. Farmers' and Merchants' State bank of New Salem and H. H. Ellsworth. From Dunn county.

2. November 2, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, November 2, 1922

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Article Text

pany, a corporation. Morton county. No. 4426-A. E. Anderson vs. S. J. Weber company, a partnership. Cass county. No. 4406-The Dakota Live Stock and Investment company, a corporation, vs. K. C. Bishop, E. M. Bishop and C. B. Palmer. Sioux county. No. 4380-W. G. Mead vs. Herman Bockorny and Mike Kukk. Adams county. Wednesday, November 18. No. 4419-Anneta I. E. Erickson vs. Elna Tepp, nee Larson, et al. Burleigh county. No. 4404-Company A, First Regiment North Dakota National Guard Training School, a corporation, vs. Edmund A. Hughes. Burleigh county. No. 4425-Dixon Reo company, a corporation, vs. Horton Motor company, a corporation, Grand Forks county. 4434-First National Bank of Turtle Lake vs. Bovey, Shute & Jackson, Inc., a corporation. McLean county. Tuesday, November 16. No. 4410-The State of North Dakota vs. Ed. E. Dufek and James R. Smith, and Harry B. Dunbar. (Re: Contempt of Harry B. Dunbar). No. 4899-State of North Dakota vs. John Bloom, George M. Hogue, and Lee C. Pettibone. Cass county. No. 4413-Nick Stoffel and Peter Stoffel vs. J. S. Sullivan and J. W. Johnson. Ransom county. No. 4417-Peter Ohlquist vs. A. F. Turner, sheriff of Grand Forks county, North Dakota. Grand Forks county. Friday, November 17. No. 4355-C. J. Kunz, receiver of the First State Bank of Killdeer, vs. Farmers' and Merchants State Bank of New Salem and H. H. Ellsworth and Farmers' and Merchants' State Bank of New Salem. Dunn county. No. 4427-C. J. Kunz, receiver of the First State Bank of Killdeer, vs. Gunder Olson and Fred Oberg, defendants, and Gunder Olson, appellant.

3. November 14, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, November 14, 1922

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Article Text

DEFENDS SALE OF BANK ASSETS Examiner Thinks New Plan of Handling Closed Bank Business Is Good. Bismarck, N. D., Nov. 14.-Defense of the policy now being pursued by the state banking board of selling the assets of closed banks in the state en bloc if good bids are received, was made today by Gilbert Semingson, state examiner. Asserting that Governor Nestos had nothing to do with the proposal of the board to sell the assets of 19 closed banks here Wednesday, Mr. Semingson said the action was taken upon the recommendation of those who are liable for payment of the ank deposits under the guaranty und law. Receiverships: cannot be continued with profit indefinitely, he asserted. Explaining the action ,he said that the guaranty fund commission, of which the appointive members are M. R. Porter of Minot, S. G. Severtson of Bismarck and C. B. McMillan of Hannah, all bankers, had recommended that the sale of assets be made. The action, he said, also was approved by a committee of the state bankers' association. Since the bankers must bear the brunt of any losses incurred it is not probable that they would have embarked on a policy to injure themselves, he asserted. Wish to Complete Work. It is the plan of the guaranty fund commission to clean up the affairs. of closed banks as quickly as possible, the state examiner declared, in order that money may be realized with which to reimburse depositors. He declares that sales of closed bank assets previously made had been approved by the bankers' committee. The commission has endeavored to secure the reopening of banks and where they fail they will close up the affairs of the banks, he said. The First State Bank of Killdeer, which reopened last week, is the 24th North Dakota bank to reopen after having been closed. Bids will be received and considered Wednesday for the purchase of assets of 19 closed banks.