Portal State Bank - Portal, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1924*
Location: Portal, North Dakota (48.996, -102.550)

Metadata

Model: gpt-5-mini
Short Digest: eaee9352

Response Measures

None

Description

Article (The Producers News, 1924-05-16) reports Burke County State Bank 'ceased to function' and 'operations had suspended' the week prior. No run is mentioned and no reopening is reported; treated as a suspension that resulted in closure. No cause given in the text.

Events (1)

1. May 1, 1924* Suspension

Cause Details: Article does not provide a reason for the suspension; simply states the bank ceased to function and suspended operations.
Newspaper Excerpt: The Burke County State bank of Bowbells ceased to function last week. Monday morning the information was given out that operations had suspended.
Source: newspapers

Newspaper Articles (1)

1. May 16, 1924 The Producers News Plentywood, MT

Article from The Producers News, May 16, 1924

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Article Text

TWO BURKE COUNTY BANKS CLOSE DOORS The business men and many farmers of Portal, N. D., North Portal and surrounding districts received their second financial shock within the past six months when the doors of the Portal State bank failed to apen its doors Tuesday morning. This has created a financial crisis, as with the closing of the First International bank of Portal last November more than $200,000 is now tied up in the only two banks at the border here. Business is almost at a standstill and no one appears to be in a position to say as to what the ultimate solution of the crisis will be. The Burke County State bank of Bowbells ceased to function last week. Monday morning the information was given out that operations had suspended. This is the second bank to close in the Burke county capital and one bank still remains open.