Article Text
DIVIDEND IS PAID A dividend of 25 per cent is being paid to depositors of the closed Forbes State bank. according to L. R. Baird, state receiver. Payment is being made through the office of P. A. O'Keefe, Bismarck.
10884. Forbes State Bank (Forbes, ND)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- April 1, 1932
- Location
- Forbes, North Dakota (45.944, -98.782)
Metadata
- Model
- gpt-5-mini
- Short Digest
1b62ecb5a69b115c
Response Measures
None
Description
Article (The Bismarck Tribune, 1932-04-01) states the Forbes State Bank is 'closed' and that the state receiver L. R. Baird is paying a 25% dividend to depositors. No mention of a run; bank is in receivership and paying dividends, indicating a suspension followed by closure/receivership. No dates given for suspension/closure beyond the article date.
Events (2)
1.
April 1, 1932
Receivership
- Newspaper Excerpt
- A dividend of 25 per cent is being paid to depositors of the closed Forbes State bank, according to L. R. Baird, state receiver. Payment is being made through the office of P. A. O'Keefe, Bismarck. (The Bismarck Tribune, 1932-04-01).
- Source
- newspapers
2.
*
Suspension
- Cause Details
- Article does not specify cause of suspension or failure.
- Newspaper Excerpt
- closed Forbes State bank.
- Source
- newspapers
Newspaper Articles (1)
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