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ND.GOV | North Dakota
The BND Story

The BND Story

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

Frederick W. Cathro

1920-1921

Frederick W. Cathro had an impressive resume with a background in both education and banking. He served as state superintendent of education under North Dakota’s first two governors. After completing his tenure, he moved to Bottineau, North Dakota where he was cashier for 26 years at the First National Bank of Bottineau. After that, he was appointed to serve as director general for the new Bank of North Dakota, working for James Waters. Cathro basically took over operations for the Bank within days of its opening before being promoted to manager in 1920.

He died in 1937.

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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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