Article Text
BANK TO PAY OFF DEPOSITORS, CLOSE Buford, N. D., Oct. cause the banking business ceased to be profitable for the First tSate bank Buford, depositors
10755. First State Bank (Buford, ND)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- October 12, 1931
- Location
- Buford, North Dakota (47.999, -103.991)
Metadata
- Model
- gpt-5-mini
- Short Digest
a574d8d532fb4db8
Response Measures
None
Description
Article (Oct 12, 1931) states the First State Bank of Buford will pay off depositors and close because banking business ceased to be profitable. No run is mentioned in the available text; this appears to be a voluntary closure/liquidation. Text is truncated/OCR-corrupted but meaning is clear.
Events (1)
1.
October 12, 1931
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Banking business ceased to be profitable; bank will pay off depositors and close permanently.
- Newspaper Excerpt
- BANK TO PAY OFF DEPOSITORS, CLOSE Buford, N. D., Oct. cause the banking business ceased to be profitable for the First tSate bank Buford, depositors
- Source
- newspapers
Newspaper Articles (1)
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