Portal State Bank - Portal, ND

Bank Information

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

Metadata

Model: gpt-5-mini
Short Digest: adc30d21

Response Measures

None

Description

Article (Grand Forks Herald, 1926-01-19) reports the Union Bank of Portal was organized following the closing of the Portal State and First International banks. No run or heavy withdrawals are mentioned. A state bank receiver is referenced, indicating the Portal State Bank was closed and a receiver was involved.

Events (2)

1. * Receivership

Newspaper Excerpt: appointed to take up with the state bank receiver the matter of further protecting the interests of the depositors.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Portal State Bank had closed and a state bank receiver was involved, indicating closure under state supervision
Newspaper Excerpt: The Union bank of Portal was organized more than year ago, following the closing of the Portal State and the First International banks
Source: newspapers

Newspaper Articles (1)

1. January 19, 1926 Grand Forks Herald Grand Forks, ND

Article from Grand Forks Herald, January 19, 1926

Click image to open full size in new tab

Article Text

BANK AT PORTAL COMPLETES YEAR Portal N. D., Jan. Daley was e-elected president: F. M Ingle. vice president and C. H Mar shall. manager, of the Union bank of Portal the annual meeting of the shareholders which held Thursday night More than 90 per cent of the shareholders were present person or by proxy The financial statement showed a successful year's operations. $175.000 resources and total deposits of $150,621 The undivided profits for the year were $4,319.80 The advisory will consist of Joseph Hill and L. Grant, North Portal and Ballantyne, H. Kraand Halderson of Portal. A of thanks was tendered the 1925 board of directors and advisory The Union bank of Portal was organized more than year ago, following the closing of the Portal State and the First International banks There meeting of the depositors of the Portal State and the First banks, following the other bank meeting, and appointed to take up with the state bank receiver the matter of further protecting the interests of the depositors. Corporal Fryett, who has been in charge North Portal detachment the Royal Canadian Mounted Police the last 4½ years, leaves on Sunday for Shaunevon, Sask. to which town he has been transferred. Sergeant Camm of Shaunevon will take charge of the North Portal detachment. CANDO LODGES INSTALL Cando, Jan. Cando lodges installed officers during the week Among those installing were the Modern Neighbors, the Oddfellows and the Rebek