Article Text
NEW BANK RECEIVER NAMED AT ARGYLE Minn., Jan. 26 Frazer of ed as the this place ceed on for Grand with Frazer been receiver of First National and banks for and his headquarters that but more week at the
8347. First National Bank (Argyle, MN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 5907
- Charter Number
- 5907
- Start Date
- January 26, 1928
- Location
- Argyle, Minnesota (48.333, -96.821)
Metadata
- Model
- gpt-5-mini
- Short Digest
5f2f3572faf30c42
Response Measures
None
Receivership Details
- Depositor recovery rate
- 17.7%
- Date receivership started
- 1927-01-18
- Date receivership terminated
- 1931-11-02
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 12.6%
- Share of assets assessed as doubtful
- 69.8%
- Share of assets assessed as worthless
- 17.6%
Description
Article (Grand Forks Herald, 1928-01-27) reports a receiver named for the First National Bank at Argyle (Minn., Jan. 26). Text is a short OCR-fragment but clearly indicates a receiver was appointed; no mention of an antecedent run or reopening. Classified as suspension_closure (bank closed and receiver assigned).
Events (3)
1.
July 19, 1901
Chartered
- Source
- historical_nic
2.
January 18, 1927
Receivership
- Source
- historical_nic
3.
January 26, 1928
Receivership
- Newspaper Excerpt
- NEW BANK RECEIVER NAMED AT ARGYLE ... Frazer ... been receiver of First National
- Source
- newspapers
Newspaper Articles (1)
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