Bank of Rugby - Rugby, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1911
Location: Rugby, North Dakota (48.369, -99.996)

Metadata

Model: gpt-5-mini
Short Digest: e3de78c1

Response Measures

None

Description

Article (1911-07-01) reports that the receivers of the banks of Rugby and Barton will sue a former treasurer, indicating the Bank of Rugby was in receivership/closed. No run or reopening is mentioned.

Events (1)

1. July 1, 1911 Receivership

Newspaper Excerpt: It is stated here that the receivers of the banks of Rugby and Barton will bring suit against former treasurer Peterson to recover $4,700 ... the receivers hope to recover.
Source: newspapers

Newspaper Articles (1)

1. July 1, 1911 Bismarck Daily Tribune Bismarck, ND

Article from Bismarck Daily Tribune, July 1, 1911

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Article Text

PETERSON TO BE SUED BY BANKS? RUGBY, N. D., July 1-It is stated here that the receivers of the banks of Rugby and Barton will bring suit against former treasurer Peterson to recover $4,700 which he is alleged to have received from Andy Jones. In the report of the legislative investigating committee, made public yesterday, the committee stated that Peterson received a bonus of $4,700 for allowing excess vouchers to remain in the Rugby and Barton banks. It is this sum that the receivers hope to recover.