Articles (July 23, 1927) report the State Bank of Bowman as one of three 'closed banks' with a state bank receiver paying dividends to creditors. No run or temporary suspension is described; the bank is closed and in receivership.
Events (2)
1.July 23, 1927Receivership
Newspaper Excerpt
Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver. ... A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe, district manager at Bismarck.
Source
newspapers
2.July 23, 1927Suspension
Cause
Government Action
Cause Details
Bank is closed and in the hands of the state bank receiver; dividends being distributed to creditors.
Newspaper Excerpt
A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe
Source
newspapers
Newspaper Articles (4)
1.July 23, 1927Morning PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 CLOSED BANKS
(By The Associated Press) Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver.
A ten per cent dividend to creditors of the Menoken Farmers Bank will be paid by P A O'Keefe, district manager, at Bismarck. A previous dividend of twenty per cent already has been paid. A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe and a fiften per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, dis trict manager at Devils Lake.
2.July 23, 1927Morning PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 CLOSED BANKS
(By The Associated Press). Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank re ceiver. A ten per cent dividend to creditors of the Menoken Farmers' Bank will be paid by P. A. O'Keefe, district manager, at Bismarck. A previous dividend of twenty per cent already has been paid A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe and a fiften per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
3.July 23, 1927The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Creditors of Shut Banks Get Money Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver. A ten per cent dividend to creditors of the Menoken Farmers' Bank will be paid "by P. A. O'Keefe, district manager at Bismarck. A previous dividend of 20 per cent already has been paid. A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe, and a 15 per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
4.July 24, 1927Grand Forks HeraldGrand Forks, ND
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Article Text
Three Closed Banks Will Pay Dividends
Bismarck, July 23. (AP) payment creditors three today by L. R. Baird, state bank reper cent dividend to crediof the Menoken Farmers bank tors be paid O'Keefe, trict manager at Bismarck. predividend twenty per cent already been first of per cent will to creditors of the State be paid Bank Bowman also by 15 cent divident will be and per to of the Farmers State bank of Hoople by W. Condistrict manager at Devils Lake
