First International Bank (Sherwood, ND)

Episode Information

Episode UID
77032771573
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7703277 routing
Routing Number
77-0327
Start Date
January 12, 1931
Location
Sherwood, North Dakota (48.960, -101.633)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9c5d7bcca490765a

Response Measures

None

Description

Closure occurred prior to Jan 1931 (article says closed year ago in Oct 1931); exact suspension date not given.

Events (3)
1. January 12, 1931 Other
Newspaper Excerpt
Payment is being made through the office of J. P. Reeves, district manager at Burlington, N. D., according to the announcement by Baird.
Source
newspapers
2. * Receivership
Newspaper Excerpt
L. R. Baird, receiver of closed banks, has announced that a 10 per cent dividend would be paid the depositors of the First International bank of Sherwood, N. D.
Source
newspapers
3. * Suspension
Cause Details
Bank had closed and was placed in liquidation/receivership; specific trigger not stated
Newspaper Excerpt
D. Ray Gregg of Sherwood, president of the First International bank until it closed year ago, ... Following the closing, with the approval and consent of the depositors' committee, Mr. Gregg was appointed by the state bank receiver to have charge liquidating the institution.
Source
newspapers

Newspaper Articles (2)
1. January 12, 1931 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 12, 1931

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Article Text

Sherwood Depositors To Receive Dividend L. R. Baird, receiver of closed banks, has announced that a 10 per cent dividend would be paid the depositors of the First International bank of Sherwood, N. D. Payment is being made through the office of J. P. Reeves, district manager at Burlington, N. D., according to the announcement by Baird.

2. October 21, 1931 The Forum Fargo, ND
Article from The Forum, October 21, 1931

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Article Text

GREGG JOINS ST. PAUL BANK Takes New Position Nov. 1 Sherwood, N. D., Oct. 20.-D. Ray Gregg of Sherwood, president of the First International bank until it closed year ago, has been elected cashier of the Twin Cities National bank of St. Paul. Mr. Gregg, widely known in north. western North Dakota, expects to leave with his family in a few days Nov. and will assume his new position For more than 20 years, Mr. Gregg was connected with the First International bank here, first as cashier and later as president Following the closing, with the approval and consent of the depositors' committee, Mr. Gregg was appointed by the state bank receiver to have charge liquidating the institution. In addition he has also aided in the liquidation of number of other closed banks in this section of the state. John C. Campbell, Sherwood, has been named Mr. Gregg's successor as liquidator. He also was formerly connected with the First International bank. Mr. Gregg one time was president of rthwest district group of the North Dakota Bankers asso-