First State Bank - Tower City, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 12, 1926
Location: Tower City, North Dakota (46.923, -97.674)

Metadata

Model: gpt-5-mini
Short Digest: 77c5e2c7

Response Measures

None

Description

Article (Bismarck Tribune, 1926-03-12) states the First State Bank, Tower City, is a 'closed bank' with a state receiver paying dividends to creditors — indicates suspension and permanent closure with receiver. No mention of a depositor run in the provided text.

Events (1)

1. March 12, 1926 Receivership

Newspaper Excerpt: Dividends of 10 per cent to the creditors of the First State Bank, Tower City, ... were announced today by L. R. Baird, state receiver of closed banks. Both dividends will be paid by O. L. Engen, district manager for the receiver at Fargo.
Source: newspapers

Newspaper Articles (1)

1. March 12, 1926 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, March 12, 1926

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Article Text

Tower City and Oriska Banks to Pay Dividends Dividends of 10 per cent to the creditors of the First State Bank, Tower City, and The State Bank of Oriska were announced today by L. R. Baird. state receiver of closed banks. Both dividends will be paid by O. L. Engen. district manager for the receiver at Fargo.