Great Western Bank - Osnabrock, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 28, 1923
Location: Osnabrock, North Dakota (48.669, -98.151)

Metadata

Model: gpt-5-mini
Short Digest: 3d5dadd8

Response Measures

None

Description

Article states Great Western Bank of Osnabrock 'closed March 28, 1923' and a receiver (S. R. Shannon) was appointed; Bank of North Dakota obtained foreclosure judgment and scheduled a sheriff's sale. No article mentions a depositor run prior to suspension, so this is classified as a suspension that resulted in permanent closure/receivership.

Events (3)

1. March 28, 1923 Suspension

Cause Details: Article gives no specific cause for the bank's closure; closure reported without explanation in the clipping.
Newspaper Excerpt: The bank closed March 28, 1923, according to the papers in the suit.
Source: newspapers

2. June 15, 1923 Receivership

Newspaper Excerpt: The Bank of North Dakota has instituted foreclosure proceedings, and been granted degree in the district court here, against S. R. Shannon, receiver of the Great Western Bank of Osnabrock. ... The bank closed March 28, 1923, according to the papers in the suit. (Bismarck Tribune 1923-06-15).
Source: newspapers

3. July 12, 1923 Other

Newspaper Excerpt: Notice is hereby given ... will offer for sale and sell to the highest bidder for cash ... on the 12th day of July, 1923 ... the following personal property in said judgment and decree of foreclosure described (Bismarck Tribune 1923-06-29).
Source: newspapers

Newspaper Articles (2)

1. June 15, 1923 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, June 15, 1923

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Article Text

FORECLOSURE ON BANK MORTGAGE The Bank of North Dakota has instituted foreclosure proceedings, and been granted degree in the district court here, against S. R. Shannon, receiver of the Great Western Bank of Osnabrock. The bank closed March 28, 1923, according to the papers in the suit. The bank began the suit to foreclosure on collateral to secure loans amounting to $4,141.56.

2. June 29, 1923 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, June 29, 1923

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Article Text

NOTICE OF SPECIAL EXECUTION SALE State of North Dakota, County of Burleigh, SS In District Court Fourth Judicial District. State of North Dakota, doing business as the Bank of North Dakota, Plaintiff. vs. S. R. Shannon, as Receiver of the Great Western Bank of Osnabrock,, North Dakota, a corporation, Defendant. Notice is hereby given that under and pursuant to the Special Execution issued out of the office of the Clerk of the District Court in and for the County of Burleigh and State of North Dakota, on the 26th day of June, 1923, upon a certain judgment and decree of foreclosure entered and filed in the above entitled action, in favor of the plaintiff and against the defendant on the 15th day of June, 1923, for the sum of Four Thousand Three Hundred Forty-eight and 66-100 ($4348.66) Dollars, I Albin Hedstrom Sheriff of the County of Burleigh State of North Dakota, will offer for sale and sell to the highest bidder for cash at the front door of the Court House in the City of Bismarck, County of Burleigh. State of North Dakota, on the 12th day of July, 1923, at the hour of 2:00 o'clock P. M., the following personal propcrty in said judgment and decree of foreclosure described, and hereinafter described as follows: