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ND.GOV | North Dakota
The BND Story

The BND Story

  • 1915-1919
  • 1920-1949
  • 1950-1989
  • 1990-Today

Charles F. Mudgett

1930-1932

Colonel Charles F. Mudgett served as captain of the Valley City National Guard company and served in the Philippines during the Spanish-American War. During WWI, he was an adjutant of the 81st brigade, 41st division from January 1918 to July 1919, under General Pershing.

When he returned, he moved to Valley City, North Dakota where he was vice president and executive officer of the National Bank of Valley City. He had 22 years of banking experience before he was appointed to his position of manager and director general and Bank of North Dakota February 15, 1930.

He was forced to resign from his position at the end of 1932. A retirement dinner was held for him January 16, 1933 at the Grand Pacific Hotel in Bismarck, North Dakota. About 20 former and present Bank employees attended it.

He and his wife, Florence, had five children.

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1920-1949

  • Birth Pangs and Growing Pains
  • Organized Opposition Tried to Take the Bank Down
  • Banking in Crisis Mode
  • Defending the Bank of North Dakota
  • The Nonpartisan League Fails
  • The Great Depression
  • First Transfer to General Fund
  • Bank Managers
    • Major James R. Waters
    • Frederick W. Cathro
    • Caleb R. Green
    • Charles F. Mudgett
    • Robert W. Stangler
    • Frank A. Vogel
    • Harold C. Bowers

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