10852. Guaranty State Bank (Emerado, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 19, 1932
Location
Emerado, North Dakota (47.919, -97.365)

Metadata

Model
gpt-5-mini
Short Digest
d2b208c3f51242cb

Response Measures

None

Description

Articles (Mar 1932) refer to the Guaranty State Bank of Emerado as a closed state bank under the receiver of state banks and paying dividends to depositors. No run or depositor agitation is mentioned. The bank is in receivership and paying dividends, indicating it suspended operations and remained closed.

Events (3)
1. March 19, 1932 Receivership
Newspaper Excerpt
L. R. Baird, receiver of state banks, announced... A dividend of 5 per cent is being paid to depositors of the Guaranty State Bank of Emerado.
Source
newspapers
2. March 19, 1932 Suspension
Cause
Government Action
Cause Details
Placed in receivership by state banking authorities; described as a closed state bank and under a receiver.
Newspaper Excerpt
closed state banks... A dividend of 5 per cent is being paid to depositors of the Guaranty State Bank of Emerado, L. R. Baird, receiver of state banks, announced Saturday.
Source
newspapers
3. March 25, 1932 Other
Newspaper Excerpt
A dividend of five per cent also is being paid to depositors of the Guaranty State Bank of Emerado. (dividends paid through the office of C. W. Conroy, district manager for the receiver at Devils Lake.)
Source
newspapers

Newspaper Articles (2)
1. March 19, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 19, 1932

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Article Text

TWO DIVIDENDS PAID A dividend of 5 per cent is being paid to the depositors of the Guaranty State Bank of Emerado, making total dividends of 35 per cent paid by this bank, L. R. Baird, receiver of state banks, announced Saturday. Depositors of the State Bank of Jessie also are receiving a 5 per cent dividend. Baird said. Both of the dividends are being paid through the

2. March 25, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 25, 1932

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Article Text

PAYING BANK DIVIDENDS Dividends to depositors in two closed state banks, each payable through the office of C. W. Conroy, district manager for the receiver at Devils Lake, were announced Saturday by the receiver of closed state banks. A dividend of five per cent is being paid to depositors of the State Bank of Jessie and a dividend of five per cent also is being paid to depositors of the Guaranty State Bank of Emerado.