10889. Fort Ransom State Bank (Fort Ransom, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 2, 1927
Location
Fort Ransom, North Dakota (46.521, -97.926)

Metadata

Model
gpt-5-mini
Short Digest
1e4692c9ee946a30

Response Measures

None

Description

Articles (Feb 2, 1927) report Fort Ransom State Bank as one of three closed banks paying dividends through the state bank receiver—indicates it had been closed and placed in receivership and is paying creditors. No mention of a depositor run prior to closure in these items.

Events (1)
1. February 2, 1927 Receivership
Newspaper Excerpt
Ten per cent dividends will be paid to creditors ... Fort Ransom State Bank, Fort Ransom. Three Closed Banks to Pay Dividends ... it was announced today at the office of L. R. Baird, state bank receiver.
Source
newspapers

Newspaper Articles (2)
1. February 2, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 2, 1927

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Article Text

Three Closed Banks to Pay Dividends Ten per cent dividends will be paid to creditors of three banks in the Lisbon district, it was announced today at the office of L. R. Baird, state bank receiver. The dividends will be paid through the office of District Manager A. E. Jones at Lisbon, to creditors of the Merchants State Bank of Fingal, First State Bank of Litchville and Fort Ransom State Bank, Fort Ransom.

2. February 2, 1927 The Bismarck Tribune Bismarck, ND
Article from The Bismarck Tribune, February 2, 1927

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Article Text

Three Closed Banks to Pay Dividends Ten per cent dividends will be paid creditors of three banks in the Lisbon district, it announced today the office of R. Baird, state receiver. The dividends will be paid through the office of District Manager Jones at Lisbon, to creditors the State Bank Fingal, First State Bank Litchville Fort Ransom State Bank, Fort Ransom.