12655. American Exchange Bank (Watford City, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 9, 1926
Location
Watford City, North Dakota (47.802, -103.283)

Metadata

Model
gpt-5-mini
Short Digest
fc176ded

Response Measures

None

Description

Articles (Mar 8-12, 1926 and May 1926) state L. R. Baird is the state bank receiver and announce dividends to creditors (10% previously paid, 20% announced). The bank is in receivership (closed by state action) and there is no mention of a depositor run or reopening. Thus this is a suspension with permanent closure/receivership. OCR errors in some clippings corrected (e.g., 'Baird, state bank receiver').

Events (3)

1. March 9, 1926 Other
Newspaper Excerpt
Payment of 20 per cent dividend to creditors of the American Exchange Bank of Watford City ... A previous dividend of 10 per cent already has been paid to the bank's creditors.
Source
newspapers
2. March 9, 1926 Receivership
Newspaper Excerpt
Payment of a 20 per cent dividend to creditors of the American Exchange Bank of Watford City was announced here today by L. R. Baird, state bank receiver. A previous dividend of 10 per cent already has been paid to the bank's creditors. (Bismarck Tribune, Mar 9, 1926).
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Placed in receivership by the state (state bank receiver L. R. Baird); bank suspended and taken into state receivership.
Newspaper Excerpt
L. R. Baird, state bank receiver
Source
newspapers

Newspaper Articles (9)

Article from Morning Pioneer, March 8, 1926

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TWENTY PERCENT DIVIDENDS FOR WATFORD FOLKS Bismarck, Mar per the American Exchange Bank of Watford City, announced today by Baird, state receiver The payment will be through Reeve, district to rthe Burling dividend per already has paid Baird announced payment dividend creditors Karnak State Bank Conroy district Devils Lake


Article from Morning Pioneer, March 9, 1926

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TWENTY PERCENT DIVIDENDS FOR WATFORD FOLKS Bismarck. Mar ment per cent dividend ditors American Exchange Bank Watford City, here today Baird. state bank receiver The payment will be through Reeve, district manager to rthe receiver at Burling per already bank's Baird announced payment creditors Karnak State Bank, Karnak, made Conroy, district manager, Devils Lake.


Article from The Bismarck Tribune, March 9, 1926

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Watford City and Karnak Banks Are to Pay Dividends Payment of a 20 per cent dividend to creditors of the American Exchange Bank of Watford City was announced here today by L. R. Baird, state bank receiver. The payment will be made through J..P. Reeve, district manager for the receiver at Burlington. A previous dividend of 10 per cent already has been paid to the bank's creditors. Baird also announced payment of a 15 per cent dividend to creditors of the Karnak State bank, Karnak. to be made by C. W. Conroy, district manager at Devils Lake.


Article from The Bismarck Tribune, March 9, 1926

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Article Text

Watford City and Karnak Banks Are to Pay Dividends Payment of a 20 per cent dividend to creditors of the American Exchange Bank of Watford City was announced here today by L. R. Baird, state bank receiver. The payment will be made through J. P. Reeve, district manager for the receiver at Burlington. A previous dividend of 10 per cent already has been paid to the bank's creditors. Baird also announced payment of 15 per cent dividend to creditors of the Karnak State bank. Karnak. to be made by W. Conroy. district manager at Devils Lake


Article from Grand Forks Herald, March 10, 1926

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Dividends for Bank Depositors Announced Bismarek, March (AP) Payment of 20 per cent dividend to creditors of the American Exchange Bank of Watford City here today by R. Baird, state bank receiver. The payment will be Reeve. district for the at Burlington previous dividend of 10 cent already has been paid to the creditors. Baird also announced payment of 15 per cent dividend to creditors the Karnak State bank, Karnak to be Conroy, district manager at Devils Lake.


Article from Mandan Pioneer, March 12, 1926

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TWENTY PERCENT DIVIDENDS FOR WATFORD FOLKS D., ment 20 per cent dividend ditors the American Exchange Bank of Watford City, was announced here today by Baird, state bank receiver The payment will made through Reeve, district manager to rthe receiver at Burling ton. dividend of already been paid to creditors. Baird announced payment 15 per cent dividend to creditors Karnak State Bank, Karnak, made by Conroy, district manager, at Devils


Article from The Forum, March 12, 1926

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INITIATIONS DEFERRED Jamestown College Societies Wait to Ascertain Worth Jamestown, March (AP) of new students as members of the various at college, usually feature of the first activities got under way here The is authorities demanded certain of scholarship as requisite to admission and the eligibles not asuntil the first semester's grades available There are Sigma Tau, Adelphi and Delta two women's organizations, the Alpha Zeta and Elethiorian SEEK CROSSING SIGN IDEAS Ideas for and other to increase the railroad crossings North are being sought by Fay Harding. the state who in Chicago attending the exhibition the Association of Safety Appliances. DEPOSITORS TO GET SHARES ment of 20 percent dividend to creditors the American Exchange bank of Watford City has been an nounced by R. Baird, addition 10 percent already paid Baird also payment of percent dividend creditors of the Karnak State bank, Karnak


Article from The Bismarck Tribune, May 27, 1926

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Albin Anderson vs. Jacob J. Berg, Jrₙ et al. Citizens State bank of Goodrich vs. Fred Walz (two cases). L. R. Baird as receiver of the Farmers and Merchants Equity bank of Jud vs. M. F. Blanco et al. L. R. Baird as receiver of the Farmers Bank of Fessenden vs. A. L. Volkmann et al. G. I. Regnier vs. John Jacobson et al. Fred Prokop vs. O. W. Roberts. August I. Asplund vs. O. W. Boberts. First National bank of Underwood vs. G. R. Thompson. L. R. Baird as receiver of the American Exchange bank of Watford City vs. Anthony Walton et al. Otis School district No. 28 vs. L. A. Crowell and state bonding fund. W. H. Ebeling vs. Marcus Agnew. William Langer and Samuel L. Nuchols vs. Julius Waldenberg and the Kidder County bank. L. R. Baird as receiver of the State Bank of Olmstead vs. H. M. Disher et al. Union Farmers State bank, New Salem, vs. Robert Krutzner. James T. McCulloch vs. RussellMiller Milling company, et al. L. R. Baird as receiver of the Farmers State bank of Greene vs. Elisa M. Rosevold et al. Robert Krutzner and E. W. Anderson vs. Adolph Miller. Rollin Welch vs. James and Ethel Swanick. Farmers State bank of Baldwin vs. Merl White. C. W. Reichert vs. Seymour Arneson. C. W. Reichert vs. John J. Brose. C. W. Reichert vs. C. J. Rue. City National bank of Bismarck vs. Peter Jones. Fred Manson vs. Menoken Farmers Cooperative association, et al. C. W. Reichert vs. Oscar Magnuson. L. R. Baird as receiver of People's State bank of Grand Forks vs. Tom and Mrs. Thos.' Mann. Walfred Asplund vs. C. V. Danielson. The Cable company vs. Alfred Borkhart. State vs. Equity Grain and Mercantile company et al. R. S. Clark vs. Northern Pacific Railway company. State vs. Jas. H. Litt. Mary Kraft vs. Joseph and Edna K. Coghlan. J. G. Spitzer vs. Burleigh County State bank. E. W. Anderson and Robert Krutzner vs. P. N. Spiche. Florence M. Little vs. Ole G. Hagstrom. Albin Hedstrom, sheriff, vs. J. A. and Bertha Worden. Dalton Adding Machine Sales company vs. H. C. Arnold. L. R. Baird as receiver of the State Bank of Hensel vs. L. O. Anderson et al. Fred A. Bobb vs. Jacob Jangula. Heinrich Schatz and ,Christine Schatz vs. Karl Klein. Frank J. V. Kiebert vs. City of Bismarck. L. R. Baird as receiver/ of the Citizens State bank of Bisbee vs. John Anderson et al. State vs. Carl V. Anderson. Federal Intermediate Credit bank of St. Paul vs. Grant Lindsey. L. R. Baird as receiver of the Dunseith State bank vs. M. J. Anderson et al. City of Bismarck vs. Charles B. Whittey et al. F. H. Carpenter Lumber company vs. N. A. Freeberg. J. W. Pauley vs. Adolph Kutchera. Remington Typewriter company vs. Walter McMahon.


Article from The Bismarck Tribune, May 27, 1926

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13 CRIMINAL CASES AND 112 CIVIL CASES ON CALENDAR FOR JUNE TERM OF BURLEIGH COUNTY DISTRICT COURT There are 13 criminal cases and 112 Albin Anderson vs. Jacob J. Berg, civil cases listed on the calendar Jrₙ et al. prepared by Clerk of Court Chas. Citizens State bank of Goodrich Pisher for the June term of district vs. Fred Walz (two cases). court in Burleigh county, which will L. R. Baird as receiver of the open at the court house in Bismarek Farmers and Merchants Equity bank on Tuesday, June 1, with Judge Fred of Jud vs. M. F. Blanco et al. Jansonius on the bench. Only the L. R. Baird as receiver of the setting of the calendar and various Farmers Bank of Fessenden vs. A. L. court matters will receive attention Volkmann et al. the first week, as the petit jurors have not been summoned to appear G. I. Regnier vs. John Jacobson et al. until Monday, June 7. in order that the farmers may have more time in Fred Prokop vs. O. W. Roberts. which to complete their spring work. August I. Asplund vs. O. W. BobOf the 13 criminal cases listed, erts. eight were on the previous calendar First National bank of Underwood and five are new cases. Three are vs. G. R. Thompson. alleged violations of the liquor laws, L. R. Baird as receiver of the two involve charges of operating a American Exchange bank of Watford motor vehicle while intoxicated, two City vs. Anthony Walton et al. of larceny, and one each of malicious mischief, assault and battery, reOtis School district No. 28 vs. L. moval of chattels subject to lien, and A. Crowell and state bonding fund. desertion. Two cases are entered W. H. Ebeling vs. Marcus Agnew. without designation as to their naWilliam Langer and Samuel L. ture. Nuchols vs. Julius Waldenberg and Criminal Cases the Kidder County bank. The criminal cases on the cafendar L. R. Baird as receiver of the are as follows: State Bank of Olmstead vs. H. M. Disher et al. State vs. F. E. Erickson, operating a motor vehicle while intoxicated. Union Farmers State bank, New Salem, vs. Robert Krutzner. State VS. Mrs. J. L. Finstad, engagJames T. McCulloch vs. Russelling in the liquor traffic. Miller Milling company, et al. State vs. Walter Carter, engaging L. R. Baird as receiver of the in the liquor traffic. Farmers State bank of Greene vs. State vs. Elwood Swanson, maliElisa M. Rosevold et al. cious mischief. Robert Krutzner and E. W. AnderState vs. Albert Little and Homer son vs. Adolph Miller. Taylor, larceny. Rollin Welch vs. James and Ethel State vs. L. Gramling, engaging in Swanick. the liquor traffic. Farmers State bank of Baldwin vs. State vs. Fred Hoff and Mrs. Fred Merl White. Hoff, assault and battery. State vs. Matt F. Schmitz, removC. W. Reichert vs. Seymour Arneson. ing chattels subject to lien. C. W. Reichert vs. John J. Brose. State vs. Albert Little, grand larC. W. Reichert vs. C. J. Rue. ceny. City National bank of Bismarck vs. State VS. Walter Millet, driving a Peter Jones. motor vehicle while intoxicated. Fred Janson vs. Menoken Farmers State vs. Gordon Conley, desertion Cooperative association, et al. and failure to support wife and minor child. C. W. Reichert vs. Oscar Magnuson. State vs. Wendlein Boehler. L. R. Baird as receiver of People's State bank of Grand Forks vs. Tom State vs. John Bashara. and Mrs. Thos.' Mann. Civil Cases Walfred Asplund vs. C. V. DanielFifty eight of the civil cases listed son. are from a former calendar, while 54 The Cable company vs. Alfred are new causes. The civil cases listBorkhart. ed include: State vs. Equity Grain and MerJ. A. and Bertha Worden vs. A. L. cantile company et al. Garnes and First State bank of ReR. S. Clark vs. Northern Pacific gran. Railway company. State vs. Jas. H. Litt. F. H. Carpenter Lumber company vs. W. G. Hoerr. Mary Kraft vs. Joseph and Edna K. John R. Kvile vs. E. F. and Alfhild Coghlan. Alfson. J. G. Spitzer vs. Burleigh County John A. Johnson vs. Thomas Hall. State bank. Farmers State bank of Regan vs. E. W. Anderson and Robert KrutzSevert Anderson and Anna Knutson. ner vs. P. N. Spiche. Henry Schmidt vs. North Dakota Florence M. Little vs. Ole G. HagWorkmen's Compensation Bureau. strom. State vs Bismarek Bank and Bank Albin. Hedstrom, sheriff, vs. J. A. of North Dakota. and Bertha Worden. State vs. Fred Bobb. Dalton Adding Machine Sales comPhillip Hemmerick vs. Farmers pany vs. H. C. Arnold. Elevator & Mercantile company. L. R. Baird as receiver of the Karem Husom vs. North Dakota State Bank of Hensel vs. L. O. AnWorkmen's Compensation bureau. derson et al. Carl Beyer vs. Stella Beyer. Fred A. Bobb vs. Jacob Jangula. L. R. Baird, receiver of Security Heinrich Schatz and Christine Bank of Leeds vs. E. B. Page and Schatz vs. Karl Klein. Henry Henrictta. Frank J. V. Kiebert vs. City of L. R. Baird as-receiver of the McBismarck. Kenzie County bank of Watford City L. R. Baird as receiver/o the Citivs. O. L. Cassady, et al. zens State bank of Bisbee vs. John H. M. Ward vs. Mandan Mercantile Anderson et al. company. State vs. Carl V. Anderson. L. R. Baird as receiver of the CitiFederal Intermediate Credit bank zens State bank of Hazen, VS E. M. of St. Paul vs. Grant Lindsey. Serr. L. R. Baird as receiver of the DunD. R. Baird as receiver of the First seith State bank vs. M. J. Anderson State bank of Nome vs. Carl P. et al. Miller. City of Bismarck vs. Charles B. L. R. Baird as receiver of the First Whittey et al. State bank of Fillmore vs. J. G: F. H. Carpenter Lumber company McClintock et al. vs. N. A. Freeberg. L. R. Baird as receiver of the Dazey J. W. Pauley vs. Adolph Kutchera. State bank of Dazey vs. E. B. JacobRemington Typewriter company vs. Walter MeMahon. son et al.