12416. Loraine State Bank (Loraine, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1921*
Location
Loraine, North Dakota (48.866, -101.568)

Metadata

Model
gpt-5-mini
Short Digest
bd010602

Response Measures

None

Description

No article describes a depositor run. Sources show the Loraine State Bank was closed and placed in receivership (Fred Iwert named receiver appears in foreclosure notices) and foreclosure sale scheduled March 28, 1922. An Oct 6, 1921 notice claimed the bank would soon re-open under new ownership and new management, but subsequent records show receivership and foreclosure, consistent with permanent closure. Dates are taken from article publication/filing dates.

Events (4)

1. October 1, 1921* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was closed under receivership prior to Oct 1921 and undergoing change of ownership/management following financial failure; no run reported.
Newspaper Excerpt
would soon re-open under new ownerships and new management. This will prove welcome news to the many depositors of these institutions in Renville county.
Source
newspapers
2. January 10, 1922 Other
Newspaper Excerpt
W. E. Burgett, of Flaxton, president of the Citizens State bank of that city, has been named receiver for closed banks at Greene, Tolley, Fortuna. Columbus, Loraine and for the Security State of Mohall.
Source
newspapers
3. February 17, 1922 Receivership
Newspaper Excerpt
Fred Iwert as receiver of the Loraine State Bank (judgment dated February 17th, 1922).
Source
newspapers
4. March 28, 1922 Other
Newspaper Excerpt
will sell at public auction ... on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution ... Minneapolis Trust Company ... and Loraine State Bank ... Fred Iwert as receiver of the Loraine State Bank
Source
newspapers

Newspaper Articles (11)

Article from The Ward County Independent, October 6, 1921

Click image to open full size in new tab

Article Text

Two Renville County Banks to Re-open We have it upon the authority of G. A. Ebbert, receiver of the Mohall Security Bank of Mohall, that the Mohall Security Bank of Mohall and the Loraine State Bank of Loraine would soon re-open under new ownerships and new management. This will prove welcome news to the many depositors of these institutions in Renville county.


Article from Grand Forks Herald, January 10, 1922

Click image to open full size in new tab

Article Text

NEW PLAN FOR RECEIVERSHIPS SAVES MONEY Twenty-five Per Cent Saving in Salaries Has Already Been Accomplished. Bismarck, N. D., Jan. 10.-Reduction of 25 per cent in the salaries paid receivers of closed banks in North Dakota already has been accomplished through consolidation of receiverships, it is said. With the announcement by the banking board of the appointment of three more receivers for groups of banks, there remains but two or three more groups in the state for which receivers will be named under the consolidated plan. The consolidation has not been carried to its full extent because of the fact that some receivers obtained confirmation of their appointments try courts and have refused to resign. The question of whether the court or state examiner, with approval of the state banking board, shall have power to name receivers will be settled through an appeal of a Dickinson case to the supreme court. W. E. Burgett, of Flaxton, president of the Citizens State bank of that city, has been named receiver for closed banks at Greene, Tolley, Fortuna. Columbus, Loraine and for the Security State of Mohall. G. R. Van Sickle, of Minot. has been appointed receiver for the Williston State bank of Williston. He also is receiver for the First Farmers bank of Minot and the First Security of Carpio. J. W. Lee, of Rhame, has been named receiver for closed banks at Haynes, Marmarth and for the First State bank of Amidon. He has been receiver for the Farmers State of Rhame and continues to act as receiver for that institution.


Article from The Bottineau Courant, February 23, 1922

Click image to open full size in new tab

Article Text

NOTICE OF SALE ON SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota. in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Delia F. VanWoert, Loraine State Bank, a corporation, Fred Iwert as receiver of the Loraine State Bank, Zumbro Falls State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said County and to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, and described as follows: Northwest Quarter (NW 1/4) of Section four (4), Township one hundred sixty-two (162), Range, Eighty-three (83), or so much thereof as may be necessary to satisfy the said judgment and the costs of said sale; that there is due on said judgment the sum of $2373.85 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, February 23, 1922

Click image to open full size in new tab

Article Text

# NOTICE OF SALE ON # SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of fore- closure made, entered and docketed in the District Court of the County of Bottin- eau, State of North Dakota, in an action in which the Minneapolis Trust Com- pany, a corporation is plaintiff and Della F. Van Woert. Executrix of Jiles J. Van- Woert, and Della F. VanWoert and Ella Van Woerr. Joseph E. VanWoert, Ross L. Van Woert and Fairy Van Woert, Min-ors and William H. VanWoert as guard- ian of said minors, Loraine State Bank,a corporation. Fred Iwert as receiver of said corporation, Zumbro Falls State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith, are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said county to me directed. under date of February 17th, 1922, the undersigned. Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the Coun- ty of Bottineau, State of North Dakota, described as follows:


Article from The Bottineau Courant, March 2, 1922

Click image to open full size in new tab

Article Text

NOTICE OF SALE ON SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota. in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Della F. VanWoert. Executrix of Jiles J. VanWoert, and Della F. VanWoert and Ella VanWoerr. Joseph E. VanWoert, Ross L. VanWoert and Fairy VanWoert, Minors/and William H. VanWoert as guardian of said minors, Loraine State Bank,a corporation, Fred Iwert as receiver of said corporation, Zumbro Falls State Bank of Hamburg, a corporation, John L. Edwarás and John P. Galbraith, are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said county to me directed, under date of February 17th, 1922. the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution,which is situated in the County of Bottineau. State of North Dakota, described as follows: Northwest Quarter (NW1) of Section three (3), Township one hundred sixtytwo (162), Range eighty-three (83), or so much thereof as may be necessary to satisfy said judgment and the costs of said sale; that there is due on said judgment the sum of $2481.45 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, March 2, 1922

Click image to open full size in new tab

Article Text

NOTICE OF SALE ON SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota. in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Delia F. VanWoert, Loraine State Bank, a corporation, Fred Iwert as receiver of the Loraine State Bank, Zumbro Falls State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said County and to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, and described as follows: Northwest Quarter (NW 1) of Section four (4), Township one hundred sixty-two (162), Range, Eighty-three (83), or so much thereof as may be necessary to satisfy the said judgment and the costs of said sale; that there is due on said judgment the sum of $2373.85 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, March 9, 1922

Click image to open full size in new tab

Article Text

# NOTICE OF SALE ON SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota, in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Deila 1. Van Woert, Executrix of Jiles J. Van Woert, and Della F. Van Woert and Ella Van Woert, Joseph E. VanWoert, Ross L. Van Woert and Fairy Van Woert, Minors and William H. Van Woert as guardian of said minors, Loraine State Bank,a corporation, Fred Iwert as receiver of said corporation, Zumbro Falls State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith, are defendants, in favor of said plaintin and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said county to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, described as follows: Northwest Quarter (NW¼) of Section three (3), Township one hundred sixty-two (162), Range eighty-three (83), or so much thereof as may be necessary to satisfy said judgment and the costs of said sale; that there is due on said judgment the sum of $2481.45 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, March 9, 1922

Click image to open full size in new tab

Article Text

# NOTICE OF SALE ON # SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota, in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Delia F. VanWoert, Loraine State Bank, a corporation, Fred Iwert as receiver of the Loraine State Bank, Zumbro Falls State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said County and to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, and described as follows: Northwest Quarter (NW¼) of Section four (4), Township one hundred sixty-two (162), Range, Eighty-three (83), or so much thereof as may be necessary to satisfy the said judgment and the costs of said sale; that there is due on said judgment the sum of $2373.-85 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, March 16, 1922

Click image to open full size in new tab

Article Text

# NOTICE OF SALE ON # SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota, in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Delia F. VanWoert, Loraine State Bank, a corporation, Fred Iwert as receiver of the Loraine State Bank, Zumbro Falls State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said County and to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, and described as follows: Northwest Quarter (NW¼) of Section four (4), Township one hundred sixty-two (162), Range, Eighty-three (83), or so much thereof as may be necessary to satisfy the said judgment and the costs of said sale; that there is due on said judgment the sum of $2373.85 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, March 16, 1922

Click image to open full size in new tab

Article Text

# NOTICE OF SALE ON SPECIAL EXECUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota, in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Della F. VanWoert. Executrix of Jiles J. Van-Woert, and Della F. VanWoert and Ella VanWoert, Joseph E. VanWoert, Ross L. VanWoert and Fairy VanWoert, Minors and William H. VanWoert as guardian of said minors, Loraine State Bank, a corporation, Fred Iwert as receiver of said corporation, Zumbro Falls State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith, are defendants, in favor of said plaintiff and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said county to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, described as follows: Northwest Quarter (NW¼) of Section three (3), Township one hundred sixty-two (162), Range eighty-three (83), or so much thereof as may be necessary to satisfy said judgment and the costs of said sale; that there is due on said judgment the sum of $2481.45 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.


Article from The Bottineau Courant, March 23, 1922

Click image to open full size in new tab

Article Text

# NOTION OF SARN ON SPECIAL EXBOUTION. Notice is hereby given that by virtue of the judgment and decree of foreclosure made, entered and docketed in the District Court of the County of Bottineau, State of North Dakota, in an action in which the Minneapolis Trust Company, a corporation is plaintiff and Deila VanWoert, Executrix of Jiles J. VanWoert, and Della F. VanWoert and Ella E. Van Woert, Ross L. VanWoert and Fairy VanWoert, Minors and William H. Van Woert as guardian of said minors, Loraine State Bank, a corporation, Fred Iwert as receiver of said corporation, Zumbro Fails State Bank, a corporation, State Bank of Hamburg, a corporation, John L. Edwards and John P. Galbraith, are defendants, in favor of said plaintin and against said defendants, on the 17th day of February, 1922, and by authority of Special Execution issued by the Clerk of Court of said county to me directed, under date of February 17th, 1922, the undersigned, Sheriff of said County of Bottineau, State of North Dakota, will sell at public auction at the front door of the Court House in the City of Bottineau, County of Bottineau, State of North Dakota, on the 28th day of March, 1922, at 2 o'clock P. M., the real estate described in said judgment and Special Execution, which is situated in the County of Bottineau, State of North Dakota, described as follows: Northwest Quarter (NW¼) of Section three (3), Township one hundred sixty-two (162), Range eighty-three (83), or so much thereof as may be necessary to satisfy said judgment and the costs of said sale; that there is due on said judgment the sum of $2481.45 with interest thereon from the 17th day of February, 1922, at the rate of 7 per cent per annum. Dated February 18th, 1922. Thos. Hennessy, Sheriff, Bottineau Co., N. Dak. McIntyre & Burtness Attorneys for Plaintiff, Grand Forks, N. Dak. February 23 to March 23.