First State Bank - Walcott, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 16, 1929
Location: Walcott, North Dakota (46.549, -96.937)

Metadata

Model: gpt-5-mini
Short Digest: 8cedc743

Response Measures

None

Description

Article reports the First State Bank of Walcott as a closed state bank with a receiver paying dividends. No run is described. The bank is in receivership and remains closed; classified as suspension leading to closure (receivership).

Events (2)

1. March 16, 1929 Receivership

Newspaper Excerpt: L. R. Baird, receiver of closed state banks, announced today. The dividend ... is being paid through O. L. Engen, district manager for the receiver at Fargo.
Source: newspapers

2. March 16, 1929 Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (receiver of closed state banks managing dividend payments).
Newspaper Excerpt: Depositors of the First State Bank of Walcott are being paid a 10 per cent dividend, L. R. Baird, receiver of closed state banks, announced today.
Source: newspapers

Newspaper Articles (1)

1. March 16, 1929 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, March 16, 1929

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Article Text

WALCOTT BANK PAYS Depositors of the First State Bank of Walcott are being paid a 10 per cent dividend, L. R. Baird, receiver of closed state banks, announced today. The dividend, which brings the total dividend paid by this bank to 25 per cent, is being paid through O. L. Engen, district manager for the receiver at Fargo.