Bank of Sanborn - Sanborn, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 5, 1921
Location: Sanborn, North Dakota (46.942, -98.224)

Metadata

Model: gpt-5-mini
Short Digest: 35f41d8c

Response Measures

None

Description

Articles (May 5 and May 11, 1921) report a receiver is in charge and is making collections; reorganization is underway and officials are communicating with state authorities about reopening. A receiver being in charge indicates the bank was suspended/closed and placed in receivership; no clear evidence in these items that it reopened, so classified as suspension_closure.

Events (2)

1. May 5, 1921 Receivership

Newspaper Excerpt: A receiver is in charge and is making collections. F. E. Stephen, vice president, is in communication with state authorities relative to the opening of the institution.
Source: newspapers

2. May 5, 1921 Suspension

Cause Details: No specific cause stated in the articles; receiver appointed and reorganization underway but articles do not explain reason for suspension.
Newspaper Excerpt: Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections.
Source: newspapers

Newspaper Articles (2)

1. May 5, 1921 Grand Forks Herald Grand Forks, ND

Article from Grand Forks Herald, May 5, 1921

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Article Text

BANK AT SANBORN BEING REORGANIZED Sanborn. N. D.. May 5.-Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections. F. E. Stephen. vice president. is in communication with state authorities relative to the opening of the institution.

2. May 11, 1921 The Devils Lake World Devils Lake, ND

Article from The Devils Lake World, May 11, 1921

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Article Text

Bank Reorganizes Sanborn, N. D.,-Reorganization of the Bank of Sanborn is under way. A receiver is in charge and is making collections. F. E. Stephen, vice president, is in communication with state authorities relative to the opening of the institution.