First National Bank (Crary, ND)

View Charter #6407 on SPMC View balance sheet

Episode Information

Episode UID
640701577
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
64070 national
Charter Number
6407
Start Date
May 25, 1931
Location
Crary, North Dakota (48.071, -98.638)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2126080b500d072c

Response Measures

None

Receivership Details

Depositor recovery rate
31.4%
Date receivership started
1931-05-18
Date receivership terminated
1935-06-28
OCC cause of failure
Economic conditions
Share of assets assessed as good
18.8%
Share of assets assessed as doubtful
56.6%
Share of assets assessed as worthless
24.6%

Description

Closure date inferred from closed a year ago in 1932 article.

Events (4)
1. September 2, 1902 Chartered
Source
historical_nic
2. May 18, 1931 Receivership
Source
historical_nic
3. May 25, 1931 Receivership
Newspaper Excerpt
Dividends of 12½ per cent are being paid depositors in the closed First National bank at Crary, N. D., according to E. H. Intlehouse, national bank receiver. The bank closed a year ago.
Source
newspapers
4. May 25, 1931 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership; national bank receiver E. H. Intlehouse administering estate.
Newspaper Excerpt
Dividends of 12½ per cent are being paid depositors in the closed First National bank at Crary, N. D., according to E. H. Intlehouse, national bank receiver. The bank closed a year ago...
Source
newspapers

Newspaper Articles (2)
1. May 25, 1932 Grand Forks Herald Grand Forks, ND

Article Text

he was driving was struck by a train at a crossing at Sentinel Butte. The truck was demolished and Wyckoff hurled about 20 feet from the track. The train stopped and brought the injured man here for medical treatment. Dividends of 12½ per cent are being paid depositors in the closed First National bank at Crary, N. D., according to E. H. Intlehouse, national bank receiver. The bank closed a year ago and previously paid a 10 per cent dividend. found its progress blocked by the determination of Baltimore & Ohio railroad officials to prevent the group's riding on trains of that line. Until Monday night, the railroad had moved eastward only one freight train since arrival of the veterans Saturday. ABSTRACT OF STATEMENT For the Year Ending December 31, 1931. Of the Michigan Millers Mutual Fire Insurance Company, located at Lansing in the State of Michigan. President, A. D. Baker. Secretary, L. H. Baker.

2. May 25, 1932 Grand Forks Herald Grand Forks, ND

Article Text

he was driving was struck by a train at a crossing at Sentinel Butte. The truck was demolished and Wyckoff hurled about 20 feet from the track. The train stopped and brought the injured man here for medical treatment. Dividends of 12 1/2 per cent are being paid depositors in the closed First National bank at Crary, N. D., according to E. H. Intlehouse, national bank receiver. The bank closed a year ago and previously paid a 10 per cent dividend.