First State Bank of Backoo, 1924

The banking series contains correspondence of the Pembina County Holding Company and the State Bank of Starkweather as well as correspondence and financial reports of the First State Bank of Backoo, Bank of Garske, McCanna Bank, and Pembina County Bank.  In index to the bank correspondence is available here. The bulk of bank correspondence is between the cashiers of the First State Bank of Backoo/Pembina County Bank and the Bank of Garske and Edwin or Charles McCanna. Walter R. Weaver was the cashier of the First State Bank of Backoo and the Pembina County Bank. C. N. Nilson was the cashier of the Bank of Garske. Correspondence records day-to-day bank operations. Customers, deposits, loans, foreclosures, bank failures, and state audits, as well as road conditions, train schedules, farm production, and the weather are common topics. Of special interest within the correspondence series is the 1924 restructuring of D. W. McCanna's debt, the First State Bank of Backoo's move to Cavalier in 1925, the 1929 sale of the Pembina County Bank and subsequent creation of the Pembina County Holding Company, and the unexpected events surrounding the June 1930 closing of the McCanna Bank. Bank financial reports are nearly complete for each month from January 1925 through the summer of 1929 for the First State Bank of Backoo/Pembina County Bank and the Bank of Garske. Reports consist of an overall statement of resources and liabilities as well as an itemized list of monies due from other banks, expenses and interest paid, loan payments, loans written, and deposits made during the reporting period. Loan and deposit entries include names, dates, and amounts. This series also contains an itemized financial statement of the Bank of McCanna at the time of its closing.