Mott State Bank - Mott, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 10, 1929
Location: Mott, North Dakota (46.373, -102.327)

Metadata

Model: gpt-5-mini
Short Digest: ebda9e32

Response Measures

None

Description

Article (Jan 10, 1929) reports Mott State Bank had been closed years earlier and is in liquidation under a state bank receiver; receiver paid an additional 20% dividend (bringing total to 60%). No mention of any depositor run; bank remains closed and in receivership. OCR text is garbled but meaning (dividend payments by receiver) is clear.

Events (3)

1. January 10, 1929 Other

Newspaper Excerpt: The largest paid by any bank ... dividend 40 per cent ... The total depositors ... of 60 per cent the largest made any closed bank ... Further dividends will be paid liquidation assets (OCR garbled).
Source: newspapers

2. January 10, 1929 Receivership

Newspaper Excerpt: MOTT BANK WILL PAY ANOTHER TWENTY PERCENT ... through the state bank receiver this week dividend 40 per cent The total depositors ... of 60 per cent ... Further dividends will be paid liquidation assets the former cashier ... has had excellent success reports indicate (OCR garbled). ,
Source: newspapers

3. * Suspension

Cause Details: Bank had been closed previously and placed in liquidation/receiver; exact cause of closure not stated in article
Newspaper Excerpt: closed State bank Mott which dividend through the state bank receiver this week
Source: newspapers

Newspaper Articles (1)

1. January 10, 1929 Morning Pioneer Mandan, ND

Article from Morning Pioneer, January 10, 1929

Click image to open full size in new tab

Article Text

MOTT BANK WILL PAY ANOTHER TWENTY PERCENT Mott, (Special The largest paid by any bank North today to the closed State bank Mott which dividend through the state bank receiver this week dividend 40 per cent The total depositors in the bank last year. of 60 per cent the largest made any closed bank The dividends paid in successive indicates healthy financial condition vicinity, The Mott bank was experts closed years ago result of a with Further dividends will be paid liquidation assets The former cashier Helming tions has in charge George of collecand has had excellent success reports indicate