First State Bank - Manning, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 23, 1927
Location: Manning, North Dakota (47.230, -102.770)

Metadata

Model: gpt-5-mini
Short Digest: 66c8e2cd

Response Measures

None

Description

Article reports a receiver (L. R. Baird) obtaining default judgments in 1927 for five state banks in North Dakota that failed three years earlier. This indicates the First State Bank of Cartwright had previously failed and was in receivership; no run or reopening is described. Date of failure not specified in this article (not inventing), but receiver actions are dated May 23, 1927.

Events (2)

1. May 23, 1927 Receivership

Newspaper Excerpt: Default judgments totaling $25,110 have been obtained in the Hennepin county district court by L. R. Baird, receiver of five state banks in North Dakota which failed three years ago... One for $4,787 for the First State bank of Cartwright... were entered against C. G. Kapelovitz... obtained on double liability assessments which it is alleged Kapelovitz refused to pay.
Source: newspapers

2. * Other

Newspaper Excerpt: The five state banks in North Dakota which failed three years ago (receiver actions and double liability assessments).
Source: newspapers

Newspaper Articles (1)

1. May 23, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, May 23, 1927

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Article Text

Receiver Obtains Judgment Against 6 Minneapolis Men Minneapolis, May 23.-(P)-Default judgments totaling $25,110 have been obtained in the Hennepin county district court by L. R. Baird, receiver of five state banks in North Dakota which failed three years ago, against six Minneapolis men who were either creditors or stockholders of the closed banks. Two separate judgments, one for $4.787 for the First State bank of Cartwright and another for $5,982 for the First State bank of Manning, were entered against C. G. Kapelovitz, salesman. These were obtained on double liability assess. ments which it is alleged Kapelovitz refused to pay. Two other judgments were obtained for the Merchants State bank of Velva for notes alleged due the bank. For one, $5,911 was entered against A. O. Anderson, Minneapolis, and the other was for a similar amount against A. E. Sevareld, also of Minneapolis. Both judgments previously were entered in the district court of Burleigh county, North Dakota. The remaining two judgments were entered against Fulton I. Kauffman of Minneapolis in the sum of $1,212 for double liability assessment for the First State bank of Dawson and against W. J. Morris of Glen Lake for $1,307 on a promisory note to the First State bank of Brantford.