Articles (Jan 18, 1930) report the State Bank of Abercrombie as a closed bank with the state bank receiver paying dividends to depositors. No run is mentioned; the bank is in receivership and appears permanently closed.
Events (2)
1.January 18, 1930Receivership
Newspaper Excerpt
All payments were made by O. Engen, district manager for the receiver at Fargo.
Source
newspapers
2.January 18, 1930Suspension
Cause
Government Action
Cause Details
Bank had been closed and placed in the hands of the state bank receiver, who announced dividend payments.
Newspaper Excerpt
Payment of dividends to depositors in three closed North Dakota banks was announced today by the state bank receiver... Ten per cent dividends were paid to depositors of the State bank of Abercrombie
Closed Bank Receiver Announces Dividends
-Payment of dividends to depositors in three closed North Dakota banks was announced today by the state bank receiver Ten per cent dividends were paid to depositors of the State bank of Abercrombie and the Luvern State bank. and 20 per cent on the State bank of Page All payments were made by O. Engen, district manager for the receiver at Fargo.
2.January 18, 1930The ForumFargo, ND
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Article Text
Depositors of Three Banks Get Payments closed North banks today the state receiver. Ten dividends paid to of the State Bank Abercrombie and the Luthe ments district manager for the receiver at Fargo.
