Article Text
GRAND FORKS, N. D.-Sidney C. Lough pleaded guilty to the charge of accepting deposits in a bank while knowing the bank was insolvent. He was cashier of the State Bank of Northwood, which suspended over a year ago.
12518. State Bank (Northwood, ND)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- *
- Location
- Northwood, North Dakota (47.734, -97.567)
Metadata
- Model
- gpt-5-mini
- Short Digest
f88d28d3
Response Measures
None
Description
Multiple articles (Dec 1902) report that the State Bank of Northwood suspended over a year ago and that its cashier pleaded guilty to accepting deposits while the bank was insolvent. No mention of a subsequent reopening; treatment indicates a prior suspension likely permanent/failed. Exact suspension date not given in the clippings.
Events (1)
1.
*
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank was insolvent; cashier later pleaded guilty to accepting deposits while knowing bank was insolvent; insolvency led to suspension.
- Newspaper Excerpt
- Mr. Lough was cashier in the State Bank of Northwood, which suspended over a year ago.
- Source
- newspapers
Newspaper Articles (6)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
BANKER PLEADS GUILTY. Lough Admits Accepting Deposits When Bank Is Broke. Grand Forks, N. D., De 19.-Sidney C. Lough sprung a surarise at the session of the district count yesterday by pleading guilty to the charge of accepting deposits in a bank while knowing that the bank was insolvent. Mr. Lough was cashier in the State Bank of Northwood, which suspended over a year ago., The case has been pending against him since that time, but it was not expected that he would plead guilty.
Click image to open full size in new tab
Article Text
# BANKER PLEADS GUILTY. Lough Admits Accepting Deposits When Bank Is Broke. Grand Forks, N. D., Dec. 19.-Sidney C. Lough sprung a surprise at the session of the district court yesterday by pleading guilty to the charge of ac- cepting deposits in a bank while know- ing that the bank was insolvent. Mr. Lough was cashier in the State Bank of Northwood, which suspended over a year ago. The case has been pend- ing against him since that time, but it was not expected that he would plead guilty.
Click image to open full size in new tab
Article Text
# BANKER PLEADS GUILTY. Lough Admits Accepting Deposits When Bank Is Broke. Grand Forks, N. D., Dec. 19.-Sidney C. Lough sprung a surprise at the session of the district court yesterday by pleading guilty to the charge of ac- cepting deposits in a bank while know- ing that the bank was insolvent. Mr. Lough was cashier in the State Bank of Northwood, which suspended over a year ago. The case has been pend- ing against him since that time, but it was not expected that he would plead guilty.
Click image to open full size in new tab
Article Text
BANKER PLEADS GUILTY. Lough Admits Accepting Deposits When Bank Is Broke. Grand Forks, N. D., Dec. 19.-Sidney C. Lough sprung a surprise at the session of the district court yesterday by pleading guilty to the charge of accepting deposits in a bank while knowing that the bank was insolvent. Mr. Lough was cashier in the State Bank of Northwood, which suspended over a year ago. The case has been pending against him since that time, but it was not expected that he would plead guilty.
Click image to open full size in new tab
Article Text
BANKER PLEADS GUILTY. Lough Admits Accepting Deposits When Bank Is Broke. Grand Forks, N. D., Dec. 19.-Sidney C. Lough sprung a surprise at the session of the district court yesterday by pleading guilty to the charge of accepting deposits in a bank while knowing that the bank was insolvent. Mr. Lough was cashier in the State Bank of Northwood, which suspended over a year ago. The case has been penaing against him since that time, but 1t was not expected that he would plead guilty.