Pisek State Bank - Pisek, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1928*
Location: Pisek, North Dakota (48.311, -97.709)

Metadata

Model: gpt-5-mini
Short Digest: 5c37d00e

Response Measures

None

Description

Article states the Pisek State Bank voluntarily closed in January 1928 and 'has since been in charge of a receiver.' A subsequent check revealed a cashier allegedly appropriated funds. No run is mentioned; receiver was appointed and bank remained closed.

Events (2)

1. January 1, 1928* Receivership

Newspaper Excerpt: has since been in charge of a receiver. The Pisek banker is charged with appropriating the $10,567.78 belonging to Pisek school district No. 71.
Source: newspapers

2. January 1, 1928* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily closed in January; checkup after closure revealed shortages and examiner objections.
Newspaper Excerpt: the bank's condition following its voluntary close in January which has since been in charge of a receiver.
Source: newspapers

Newspaper Articles (1)

1. May 24, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, May 24, 1928

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Article Text

PUBLIC FUNDS LOST IN BANK Warrant Charges Cashier with Fraudulently Appropriating $10,567 Grafton, N. D., May 24.-(AP)Warrant charging fraudulent appropriation of $10,567.78 of public funds has been issued here against Charles J. McKean cashier of closed Pisek State bank by T. I. Dahl, state's attorney of Walsh county. The Pisek banker is charged with appropriating the $10,567.78 belonging to Pisek school district No. 71. It is charged that part of the funds were used by him personally and that some were used to take paper out of the bank to which examiners objected.' The alleged shortage is said to have been revealed in a checkup of the bank's condition following its voluntary close in January which has since been in charge of a receiver. Mr. McKean as cashier was in active charge of the bank's management.