12558. First State Bank (Regan, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 6, 1930
Location
Regan, North Dakota (47.158, -100.528)

Metadata

Model
gpt-5-mini
Short Digest
d011e2e2

Response Measures

None

Description

Articles (Oct–Nov 1930) show L. R. Baird acting as state bank receiver for the First State Bank of Regan, paying dividends to depositors and foreclosing mortgages as receiver. No mention of a depositor run; bank is in receivership and being liquidated, so classified as suspension leading to permanent closure/receivership.

Events (3)

1. October 6, 1930 Other
Newspaper Excerpt
First Regan Bank Is Paying 10 P. C. More A 10 per cent dividend is being paid depositors of the First State Bank of Regan, through the office of P. A. O'Keefe, Bimarck, according to announcement by L. R. Baird, state bank receiver. This will raise the total of payments by this bank to 30 per cent.
Source
newspapers
2. October 6, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank placed in receivership for liquidation/insolvency (receiver making dividend payments to depositors).
Newspaper Excerpt
announcement by L. R. Baird, state bank receiver
Source
newspapers
3. November 24, 1930 Receivership
Newspaper Excerpt
L. R. BAIRD AS RECEIVER OF THE FIRST STATE BANK OF REGAN, REGAN. NORTH DAKOTA. Mortgagee. ... Notice of mortgage foreclosure sale dated Nov 1, 1930, by L. R. Baird as receiver.
Source
newspapers

Newspaper Articles (3)

Article from The Bismarck Tribune, October 6, 1930

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Article Text

First Regan Bank Is Paying 10 P. C. More A 10 per cent dividend is being paid depositors of the First State Bank of Regan, through the office of P. A. O'Keefe, Bimarck, according to announcement by L. R. Baird, state bank receiver. This will raise the total of payments by this bank to 30 per cent.


Article from The Bismarck Tribune, October 6, 1930

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Article Text

cent dividend being per the First State of Regan, through the office O'Keefe, Bimarck, Baird, receiver. This will raise the of payments by this bank to cent. Most domestic poultry and wild animals will frightened the road the automobile horn sounded 200 to 300 away. Lack of reasonable blame for most casualties among farm flocks and wild creatures.


Article from The Bismarck Tribune, November 24, 1930

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Article Text

NOTICE OF MORTGAGE FORECLOSURE SALE Notice Is Hereby Given: That that certain mortgage executed and delivered by Joseph W. Guthrie and Ruth Guthrie, husband and wife, of Bismarck, North Dakota, mortgagors, to First State Bank of Regan, a corporation of Regan, North Dakota, mortgagee, dated' the 23rd day of December, 1926, and filed for record in the office of the Register of Deeds of Burleigh County, North Dakota, on the 28th day of December, 1926, and duly recorded in Book 196 of Mortgages on page 5, will be foreclosed by a sale of the premises in such mortgage and hereinafter described, at the front door of the County Court House in the City of Bismarck, Burleigh County, North Dakota, at the hour of 2 o'clock P. M. on the 15th day of December, 1930, to satisfy the amount due upon said premises and mortgage at the time of sale. That the premises described in said mortgage, and which will be sold to satisfy the same, are those certain premises situated in Burleigh County, North Dakota, and described as follows, to-wit: Lot Eight (L-3) in Block Three (B-3) of Macombers' additions to South Wilton, North Dakota. That there will be due on said mortgage on the date of the sale the sum of Six hundred eight and 35/100 dollars ($608.35) principal and the sum of Forty two dollars and twenty seven cents ($42.27) interest. making a total of Six hundred fifty and 62/100 dollars ($650.62) besides the statutory attorneys fees and costs of this sale and foreclosure. Dated at Regan, North Dakota, this 1st day of November, 1930. L. R. BAIRD AS RECEIVER OF THE FIRST STATE BANK OF REGAN, REGAN. NORTH DAKOTA. Mortgagee. Cameron and Holgeson, Attorneys for the mortgagee, P. O. and Office Address, Regan. N. D. 11/3-10-17-24; 12/1-8