10808. Farmers Bank (Derrick, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 4, 1926
Location
Derrick, North Dakota (48.477, -98.558)

Metadata

Model
gpt-5-mini
Short Digest
fbd0faf4196cedf7

Response Measures

None

Description

Newspaper items (1926–02–04 and 1927–01–05) describe Farmers Bank of Derrick as a 'closed bank' with a state receiver (L. R. Baird) paying dividends to depositors. No contemporaneous run is described; the bank is in receivership and paying dividends, indicating permanent closure rather than reopening.

Events (3)
1. February 4, 1926 Receivership
Newspaper Excerpt
L. R. Baird of Bismarck, receiver for closed banks in the state of North Dakota, announced today that dividends are being paid by closed banks ... Farmers Bank of Derrick, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake.
Source
newspapers
2. February 4, 1926 Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership; state receiver L. R. Baird administering dividends.
Newspaper Excerpt
L. R. Baird, Receiver, Announces Payments by Four More Banks ... Farmers Bank of Derrick, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake.
Source
newspapers
3. January 5, 1927 Other
Newspaper Excerpt
A 10 per cent dividend will be paid soon to the depositors in four closed banks ... Farmers Bank of Derrick ... Checks will be sent out from the office of C. W. Conroy, district agent for the receiver, to depositors ... (announcement by L. R. Baird, state receiver).
Source
newspapers

Newspaper Articles (2)
1. February 4, 1926 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 4, 1926

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Article Text

OTHER CLOSED BANKS PAYING DIVIDENDS L. R. Baird, Receiver, Announces Payments by Four More Banks L. R. Baird of Bismarck, receiver for closed banks in the state of North Dakota, announced today that dividends are being paid by closed banks at Neche, Derrick, Church's Ferry and Hebron, as follows: Farmers State bank of Neche, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake. Farmers Bank of Derrick, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake. Farmers State bank, Church's Ferry, N. D., a second dividend of 15 per cent is being paid, which, with the first dividend of 10 per cent, makes a total of 25 per cent paid; dividend is being paid through C. W. Conroy, district manager, at Devils Lake. Farmers State bank of Hehron, N. D., 20 per cent; paid through E. S. DeLaney, district manager, at Bismarck.

2. January 5, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 5, 1927

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Article Text

Four Closed Banks Will Pay Dividends A 10 per cent dividend will be paid spon to the depositors in four closed banks in the Devils Lake district, according to announcement by L. R. Baird, state receiver of closed banks. Checks will be sent out from the office of C. W. Conroy, district agent for the receiver, to depositors in the Citizens State Bank, Bisbee; Stutsman county bank, Courtenay; Farmers Bank of Derrick and Farmers State Bank, Emerado.