12405. Peoples State Bank (Leith, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 15, 1921
Location
Leith, North Dakota (46.358, -101.637)

Metadata

Model
gpt-5-mini
Short Digest
e0c8b03e

Response Measures

None

Description

Contemporary newspapers report the People's/Peoples State Bank of Leith closed/suspended in mid-February 1921. No run is described in the articles provided. A receiver (C. F. Kellogg) was named and by late 1922 the bank's assets were offered for sale, indicating permanent closure and receivership. OCR variants of the name (People's / Peoples') were normalized to 'Peoples State Bank'.

Events (3)

1. February 15, 1921 Suspension
Cause Details
Article simply reports the bank closed/suspended among many state bank suspensions in North Dakota; no specific cause given.
Newspaper Excerpt
the People's State Bank of Leith closed to-day. making the total thirty-five State banks that have suspended in the last three months in North Dakota.
Source
newspapers
2. January 7, 1922 Receivership
Newspaper Excerpt
Banks in the Bismarck district, which will be in charge of Charles F. Kellogg... are: People's State Bank of Leith... Kellogg was named receiver for the Bismarck district and will have headquarters in this city.
Source
newspapers
3. October 26, 1922 Other
Newspaper Excerpt
Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: ... Peoples' State Bank. Leith, North Dakota. C. F. Kellogg, receiver, Bismarck.
Source
newspapers

Newspaper Articles (9)

Article from Evening Star, February 16, 1921

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Article Text

Two More Banks Close. BISMARCK. N. D.-The Union Farmers' Bank of New Salem, with reported deposits of $130,000 and capital and surplus of $35,000, and the People's State Bank of Leith, have closed, making the total thirty-five state banks that have suspended in the past three months in North Dakota. Two of that number have reopened.


Article from The New York Herald, February 16, 1921

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BISMARCK, N. D., Feb. 15.-The Union Farmers' Bank of New Salem, with reported deposits of $130,000 and capital and surplus of $35,000. and the People's State Bank of Leith closed to-day. making the total thirty-five State banks that have suspended in the last three months in North Dakota. Two of that number have reopened.


Article from Norwich Bulletin, February 17, 1921

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Births in England and Wales during 1920 reached the highest figure ever corded, and the death rate was the lowest. H. T. Parson, president of the F. W Wcolworth Co., declares a gradual decrease in prices will be in effect until April 1. The Connecticut State Fair Association, at its annual meeting, went on record as opposed to a continuation of daylight saving in this state. One socialist was killed and three members of the extreme nationalist party were wounded during a melee yesterday at Cerbani, near Fiorence, Italy, A resolution was introduced in the Texas legislature providing for an investigation of the larger oil producing and pipe line companies of Texas. Commercial Cable Co. announced there is delay in transmission of messages to Japan owing to local defects at the Jap. anese end of the Guam-Tokio cable. Enforcement of Illinois 2-cent fare law will cause railroads of the state an annual deficit of $15,000,000. according to Bruce Scott, general counsel for Bure lingon. Whiskey importations into the United States in 1920 amounted to 167.310 gaiIons, valued at $10,013,091, compared with pre-war time importations of 1,541,663 gallons. During a demonstration of the unem. ployed in Sydney New South Wales, Sir W. E. Davidson. the governor, was mic-bbed and a detachment of the police was stoned. Apparatus by which it is hoped to make it possible for two or more conversations to be simultaneously over the same wireless set was given a transcontinental test at Los Angeles. Eighty teachers of the New Westminster. B. C., school have gone on strike following announcement of the school board that there would be 1.0 further in creases in salaries. Nine gunmen held up a number of ap. plicants: for work at the Standard Oil Co. plant near Elizabeth. N. J. They took a small amount of money and number of watches. Pope Benedict has given 30,000 lire for the relief of poor families in Fiume and has placed administration of the fund in the hands of the apostolic delegate and the mayor of the city. The Pertuguese steamer Sae Vincent a 9 week overdue at New Berford from f Lisbon, with 800 passenbers aboard went ashore on Black Rock Ledge at the entrance to that harbor. American banking group announced ne gotiations with the Chilean government N were satisfactorily completed. A public offering of $24,000,000 bonds will be made. 20-year 8 per cent. 's A giant among moonshine stills. an 5 ex-15 horsepower steam boiler able to turn out thousand of gallons of corn is mash on its new job. has been Beized at 1West Neck, near Norfoik, Va y Republican members of the New York Assembly, in caucus, voted to repeal the in daylight saving law. Towns and to corporated villages will have right be adopt daylight saving ordinance. e nFresh CEES deelined to 35 cents, whole by sale. in New York. Chicago price war is down to 31 cents. By the end of th of week eggs should not retail at more that 40 cents in New York, dealers predict. n The Union Farmers' Bank of New 5Salem and the People's State Bank Id Leith closed. making a total of thirty in five state banks that have suspended the past three motnhs in North Dakota huSenate Judiciary Committee ordere as Secretary Houston to stop further pay ment of loans to foreign countries ever al on commitments already made until Ii. facts concerning loans are made know he to congress. he ePresident Obregon, of Mexico, is pre paring a bill whereby all owner of agri an cultural*lands in Mexico who were de w o prived of their property as a result ng decrees issued during the Carranza ad d. ministration would be paid. 3 li. Major Herbert W. Taylor. formerly d New York and Philadelphia. died heart disease at Nitro, Pa.. where he ha of been stationed as a member of the go me ernment control board since his dischar a from the service early in January An organization of counterfelters fo Berlin which has been operating 65 more than a year and which is believ to have floated millions of marks H. spurious money has been broken sithrough the arrest of 200 persons. ar65 George H. Cushing. managing directo of the Wholesale Coal Dealers' Associ on tion, before the Senate Reconstructi re committee. "declared, Dix W. Smith, for in en U. S. Treasury officials sought to a er. range deals in coal for his own profit. Dr. E. O. Kane, chief surgeon at HT hospital of Kane. Pa.. operated upo himself for chronic appendicit ant He applied local anaesthetic during th off peration. and his only assistant was his nurse who held his head forward th the he might see. us m., h Every dramatic critic in Paris He gone on strike, refusing to attend an rs. play or write any criticisms until Supreme Court amends its decisio against a newspaper's right to critici BT stage productions without giving a chan for an equally prominent reply. of The annual meeting of the stockhold to of the New England Telephone Tel 'his graph Company in Boston voted author $25,000,000 of increase zation


Article from The Weekly Times-Record, October 13, 1921

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Article Text

LASTS SAD RITES FOR CAHILL'S BANK Carson, N. D., Oct. 11.-According to the Leith correspondent of the Carson Press, the Peoples State bank, of Leith, or what is left of it, has been bundled up and relegated to a warehouse. This bank. known as the "Cahill bank," profited to the extent of many thousands of dollars in the way of deposits and loans from the Bank of North Dakota. When it closed it had about $45 in cash on hand and the Bank of North Dakota had claims against the institution of approximately $30,000. Following is what the Leith correspondent says of the last development in connection with the Cahill bank. "On Friday of last week all that was left of the once Peoples' State bank was relegated to the back alley of the past. The wreckage was packed up tied up, bundled up and placed in cold storage at the rear of the Farmers' elevator. Rumor has it that paying rent on Main street was too much of a luxury. Thus it is that Cahill's folly sinks into the innocuous desuetude of the cold pulseless past. There will be no monument, save that of the memory of the departed shekels of those who were inveigled to invest their good, hard earned dollars-or their notes that remain unpaid, ghosts of the future. Just when a receiver will be appointed is a matter of conjecture. However, there are a few who have a goodly amount "frozen" up in its empty archives and they may petition the court any time to have the obsequies over with."


Article from The Bismarck Tribune, January 7, 1922

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Article Text

BANKS PUT UNDER KELLOGG'S CARE agast Banks in the Bismarck district, which will be in charge of Charles F. Kellogg, formerly of New Salem, recently of Fargo, are: People's State Bank of Leith, Farmers and Merchants Bank of Robinson, Citizens State Bank of Hazen, First State of Crystal Springs, Timmer State Bank of Timmer. Kellogg was named receiver for the Bismarck district and will have headquarters in this city.


Article from Grand Forks Herald, October 26, 1922

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LEGÁL NOTICES BANK ASSETS FOR SALE Sealed blds for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley, North Dakota. O. L. Engen, receiver, Fargo. State Bank of Milton, Milton, North Dakota. John Vallely, receiver, Grand Forks, First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford, New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank. Leith, North Dakota. C. F. Kellogg, receiver, Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota. Fred F. Walz, receiver, Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen. receiver, Fargo. Timmer State Bank, Timmer, North Dakota. C. F. Kellogg, receiver, Bismarck. Williston State Bank, Williston, North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen, North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal, Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal. Peoples' State Bank, Hatton. North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community, all bids to be accompanied by certified check of one per cent of the amount of the bid. All bide should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)


Article from Grand Forks Herald, October 27, 1922

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LEGAL NOTICES BANK ASSETS FOR SALE Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers. State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley. North Dakota, O. L. Engen, receiver, Fargo. State Bank of Milton. Milton, North Dakota. John Vallely, receiver, Grand Forks. First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford. New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank; Leith. North Dakota. C.F. Kellogs, receiver, Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. CrocumState Bank, Crocus, North Dakota. Fred F Walz, receiver, Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen, receiver, Fargo. Timmer State Bank, Timmer, North Dakota. C. F. Kelfogg, receiver, Bismarck. Williston State Bank, Williston, North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen. North Dakota. C. F. Kellogs. receiver, Bismarck. Security State, Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. / Bank of Leal, Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal.


Article from Grand Forks Herald, November 2, 1922

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TYPEWRITERS FOR SALE REBUILT MACHINES $30 AND UP; guaranteed for one year. Send for catalog. Russell E. Spear, Grand Forks. WANTED TO BUY. LATE MODEL FORD TOURING CAR wanted. Must be in good condition and reasonable. Phone 2551-J. WANT TO BUY - MEDIUM SIZE house at reasonable price. O. E. Fosse. Box 131. WANTED TO BUY-USED CAR. FORD sedan preferred. George Andrysak, Hannah, N. D. LEGAL NOTICES. BANK ASSETS FOR SALE Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett. receiver, Flaxton. Citizens' State Bank, Edgeley. North Dakota. O. L. Engen. receiver, Fargo. State Bank of Milton. Milton, North Dakota. John Vallely, receiver, Grand Forks, First State Bank, Crystal Springs. North Dakota. H. B. Hanson, receiver. Crystal Springs. Bank of New Rockford. New Rockford. North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank. Leith. North Dakota. C. F. Kelloge, receiver. Bismarck. Peoples State Bank. Grand Forks, North Dakota. John Vallely. receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota, Fred F. Walz. receiver. Egeland Security State Bank, Courtenay. North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper North Dakota. D. L. Engen. receiver Fargo. Timmer State Bank, Timmer, North Dakota. C. F. Kellogg, receiver, Bismarck. Williston State Bank, Williston, North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank. Pingree. North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazon, North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford. North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal, Leal, North Dakota. C. I. Buslee, special deputy examiner. Leal. Peoples' State Bank, Hatton. North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer. North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community. all bids to be accompanied by certified check of one per cent/ of the amount of the bid. All bids should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)


Article from Grand Forks Herald, November 3, 1922

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LEGAL NOTICE BANK ASSETS FOR SALE Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley. North Dakota. O. L. Engen, receiver, Fargo. State Bank of Milton. Milton, North Dakota. John Vallely, receiver, Grand Forks. First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford. New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank, Leith. North Dakota. C. F. Kellogg. receiver. Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota. Fred F. Walz, receiver. Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen. receiver, Fargo. Timmer State Bank, Timmer. North Dakota. C. F. Kellogg. receiver, Bismarck. Williston State Bank, Williston. North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen. North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal. Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal. Peoples' State Bank, Hatton, North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community, all bids to be accompanied by certified check of one per cent of the amount of the bid. All bids should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)