Sterling State Bank - Sterling, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 18, 1937
Location: Sterling, North Dakota (46.814, -100.292)

Metadata

Model: gpt-5-mini
Short Digest: 95fa65b3

Response Measures

None

Description

Notice from the FDIC dated Dec 18, 1937 names the FDIC as Receiver for the Sterling State Bank, indicating the bank was insolvent and placed in receivership (closed). No article text describes a prior run; evidence points to government-ordered closure/receivership.

Events (2)

1. December 18, 1937 Receivership

Newspaper Excerpt: Notice is hereby given by the undersigned, Federal Deposit Insurance Corporation, as Receiver of the Sterling State Bank, Sterling, North Dakota, to the creditors of said insolvent bank ... Dated Dec. 18, 1937. Federal Deposit Insurance Corporation, Receiver By: J. C. Eaton, Liquidator for Receiver First publication on 18th day of December, 1937.
Source: newspapers

2. December 18, 1937 Suspension

Cause: Government Action
Cause Details: Bank declared insolvent and taken into receivership by the Federal Deposit Insurance Corporation (FDIC) leading to suspension of operations.
Newspaper Excerpt: NOTICE TO CREDITORS IN THE MATTER OF THE INSOLVENCY OF THE STERLING STATE BANK, STERLING, NORTH DAKOA.
Source: newspapers

Newspaper Articles (1)

1. December 18, 1937 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 18, 1937

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Article Text

NOTICE TO CREDITORS IN THE MATTER OF THE INSOLVENCY OF THE STERLING STATE BANK, STERLING, NORTH DAKOA. Notice is hereby given by the undersigned, Federal Deposit Insurance Corporation, as Receiver of the Sterling State Bank, Sterling, North Dakota, to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers, with the undersigned Receiver at his office at Minot, within four months after the first publication of this notice. If said claims are not so filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said insolvent bank. Dated Dec. 18, 1937. Federal Deposit Insurance Corporation, Receiver By: J. C. Eaton, Liquidator for Receiver First publication on 18th day of December, 1937. 12/18-20-21 20