First State Bank - Kloten, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 25, 1930
Location: Kloten, North Dakota (47.716, -98.075)

Metadata

Model: gpt-5-mini
Short Digest: 039e3c8b

Response Measures

None

Description

Article (Bismarck Tribune, 1930-01-25) reports the First State Bank of Kloten is closed and that depositors are being paid dividends by the receiver. No run is mentioned; a receiver is handling payments, indicating closure by government/receiver action.

Events (2)

1. January 25, 1930 Receivership

Newspaper Excerpt: Depositors of the closed First State Bank of Kloten are being paid ... according to L. R. Baird, receiver.
Source: newspapers

2. January 25, 1930 Suspension

Cause: Government Action
Cause Details: Bank is closed and in receivership; receiver L. R. Baird is paying dividends to depositors.
Newspaper Excerpt: Depositors of the closed First State Bank of Kloten are being paid a 20 per cent dividend, according to L. R. Baird, receiver.
Source: newspapers

Newspaper Articles (1)

1. January 25, 1930 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 25, 1930

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Article Text

1 City-County Briefs P. S. Berg of the Dickinson Normal school, is a visitor in the city today. John J. Bader, New Leipzig, is transacting business in the city today. Charles R. Emch, Carson, is spending a few days in the city attending to matters of business. Papers requesting the governor of Oregon to send Edward Dornbusch back to Hettinger county to answer a charge of removing chattels subject to lien were issued, today by Governor George F. Shafer. Depositors of the closed First State Bank of Kloten are being paid & 20 per cent dividend, according to L. R. Baird, receiver. Payment, which total dividends paid to 30 per cent, is being made through C. W. Conroy, district manager. for the receiver at Devils Lake. : Ivan Jones, announcer at Bismarck's radio station KFYR, has received an offer from the National Battery company's station at St. Paul, KSTP, to handle part of the daily programs. The offer came from Kenneth Hance, former manager of WDAY at Fargo, now manager of the St. Paul station,