The Fargo forum and daily republican., 1916-05-16
Il BANKS
ORGANIZED
IN STATE
Report of Banking Board
Shows Numerous New
Institutions.
z BUILDING ASSOCIATIONS
North Dakota Capital Is
Largely Behind the New
Enterprises.

Twenty-one new banking institu-
tions and two new building associa-
tions have been organized in North
| Dakota recently, according to reports
Of the state banking board.
The banks are. for the most part,
located in the western part Of the
state, and are, in the main, backed by
| North Dakota capital
Under the present state law, no new
banks are permitted to organize with
a capital of less than $4,000, and all
Of the new institutions launched carry
that capitalization.
Following are the new banking in
Dakota Banker. the official organ of
the North Dakota Banking associa-
| ton:
The state banking board approved
the application of P. K. Everson of
Ray, John L. Hagen. Carl o. Livdahl,
both Of Williston, and ]. M. Larson,
Poplar, Mont, for a charter for the
Farmers & Merchants bank, Grenora,
Williams county, N. D., with a capital
| stock of $4,000.
! The state banking board approved
the application of Chas. e. Shrawder
of Valley City, Ernest J. Stranger of
Lucca, and r. M. Stranger Of Hazen,
for a charter for the Security State
bank, Medina, N. D., with a capital
stock Of $4,000.
The state banking board approved
the application Of I. /. Braaton, D. A.
Goplen of Binford, N. D., Geo. Sundby
of Lake Mills, Ia, A. Hort of New
England, N. D.. and G. G. Ingemann,
Lundsvalley, N. D., for charter for
the First State bank at Lundsvalley,
Mountrail county, N. D.. with a capi-
tai stock of $4,000.
The First State Bank Of Cleveland,
Cleveland. N. D., opened for business
April "a with the following officers:
President. J. j. Nierling; vice-presi-
dent, c. r. Hodge; cashier. VIM. Sim
clair.
The state banking board approved
the application Of August Peterson. ].
J.. Reimer and John o. Hanchett, all
of Harvey, for a charter for the
Pioneer State bank. Raub. N. D.. with
a capital stock of $4,000.
The application of j. L. Wemark, A.
u 6. Engdahl and H. C. Dahl of the
Farmers & Merchants State bank,
Kenmare, for an increase in capital
stock from $4,000 to $4,000, was ap-
proved by the state banking board.
The application of Sigurd Bue, E. o.
Halvorsen, and JOS. H. Pass, all Of
Crosby. for charter for the Farmers
State bank, Plumer, Divide county, N.
ID, with a capital stock of $4,000, was
approved by the banking board.
The application of A. M. Eckman,
Hendrum, Mimi, 0. T. Foss, Cotton
wood Lake, and L. c. Reep, Bonetrail,
for a charter for the Farmers State
bank, Mesa, Williams county, N. D.,
with a capitalization of $4,000, was
I approved by the banking board.
The application of A. M. Eckmann,
Hendrum, Mimi, o. 7. Foss, Cotton
wood Lake, and l.. Q. Reep, Bonetrail,
for a charter for the Citizens State
bank, Grenora, Williams county, N. D.,
-xz IL 20
proved by the state banking board.
The application Of j. B. lessen. Fred
Maser, Welton Mcdonald. ct al, all Of
dickinson, for q charter for the Build
ling & Loan Association Of Dickinson,
was approved by the banking board.
The application of c. F. Sweet, N. L.
| Sweet. and P. w. Meyers, all of Minot,
for a charter for the First State Bank
of Roseglen, N. D., with a capital
stock of $4,000 was approved by the
banking board.
The application of H. ]. Halvorsen, G.
w. McWilliams. p. A. Long. FL. e.
Sherrin. ct al, all of Minot. for a char
ter for the Bankers Trust company,
Minot, N. D., was approved by the
state banking board.
The application of A. F. Pierce,
Frank e. Ployhar, J. Void. John Ira
cey, C. F. Mudgett, ct al, of Valley
City, for a charter for the Valley City
Building & Loan aSSocldl1oA, valley
| City, was approved by the state bank
| ing board.
| The state banking board approved
the application of J. N. Fox, p. M. Cole
band H. P. Thomson. all of Kenmare,
In. D.. for a charter for the Farmers
| State bank, Norma, Renville county,
N. D., with a capital stock Of $4,000.
The application of Gilbert C. Bjone,
Litchville, Hans M. c. Bjone and Hans
| G. Bjone, of Verona, for a charter for
! the Farmers & Merchants State Bank
| of Verona. N. D., with q capital stock
of $4,000. was approved by the bank
ing board.
the application of Clarence III. Hoff and
Jennie Hoff, Fortuna, and Wiifred and
w. E. Burgett ct al, of Flaxton. for
charter for the Fortuna State bank,
Fortuna, Divide county, N. D.. with a
capital stock of $4,000.
| The application af August peterson
and J. J. Reimer both of Harvey, and
iC. Fl. Christianson Of Ryder, N. d.. for
| a charter for the Farmers State Bank
of RosegIen Mclean county, N. D.,
with a capital stock Of $4,000, was ap-
proved by the state banking board.
The banking board approved of the
application of r.. j. Piper, L. III. Piper
charter for the Farmers &S Merchants
| State bank, Tolley, N. D., with a
capital stock of $4,000.
| The state banking board has approv-
ed of the application Of A. J.. Fisher
/ and III. j. Wonder Haar Of Karlsruhe,
/ N. D., for charter for the Farmers
i State bank, Falsen, Mclean county, n.
H., with capital stock of $4,000.
| The application of r. G. Piper. i. IA.
4 Piper and E. c. Brittin, all OF Minot,
| for a charter for the Columbus State
4 bank, Columbus, Burke county, N. D.,
i with a capital stock of $4,000 was APP
| proved by the state banking board.
/ The application of e. F. Volkmann,
4 j. j. Larson, and p. S. Opsdahl, all of
1 Fessenden, for charter for the
i Sioux County State bank, Selfridge,
4 Sioux county, N. d., with a capital
| stock of $4,000, was approved by the
i state banking board.
The state banking board has ap-
Il proved the application of G. I'll.
Rodgers, Minneapolis, II. M. Cay jr-
and r. J.. Vincent, Minot, for a charter
1 for the Farmers s. Merchants State
bank, Lignite, N. D., with a capital
stock Of $4,000.