State Bank - Northwood, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 21, 1903
Location: Northwood, North Dakota (47.734, -97.567)

Metadata

Model: gpt-5-mini
Short Digest: 108a8131

Response Measures

None

Description

Article (Minneapolis Journal, 1903-01-21) refers to the 'defunct State bank of Northwood' and mentions a receiver (Receiver Lee) pursuing litigation. No run or temporary suspension is described in the excerpt; the bank is already closed and in receivership.

Events (2)

1. January 21, 1903 Other

Newspaper Excerpt: Cashier Swenson of the Scandinavian bank of St. Paul and Attorney Boyeson the bank's legal representative, are in the city in connection with a suit brought by Receiver Lee ... suing to recover a large amount of collateral security.
Source: newspapers

2. January 21, 1903 Receivership

Newspaper Excerpt: Receiver Lee of the defunct State bank of Northwood, who is suing to recover a large amount of collateral security...
Source: newspapers

Newspaper Articles (1)

1. January 21, 1903 The Minneapolis Journal Minneapolis, MN

Article from The Minneapolis Journal, January 21, 1903

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Article Text

NORTH DAKOTA # FROZE IN HIS WAGON Sons of Eli Beaudrie Found His Remains When His Team Returned Home. # Pioneer and Wealthy Farmer Perished During a Long Drive on the Prairie. Special to The Journal. Grand Forks, N. D., Jan. 21.-Eli Beaudrie, a pioneer farmer residing five miles west of Neche, was found frozen to death in the bottom of his wagon box by his sons. He had driven to Walhall and his team arrived home about 10 o'cock at night with the frozen body of the old man. He was 60 years of age and wealthy. Cashier Swenson of the Scandinavian bank of St. Paul and Attorney Boyeson the bank's legal representative, are in the city in connection with a suit brought by Receiver Lee of the defunct State bank of Northwood, who is suing to recover a large amount of collateral security secured by the St. Paul bank in connection with a loan made three years ago by the defunct bank. The claim is made that the transfer of the collateral was not legal in that it was not authorized by the directors of the State Bank of Northwood, which is necessary in North Dakota to make such a transfer according to law. Other banks are also interested, the total amount involved being $30,000.