Article Text
P. A. O'Kcefe, Bismarck, district manager for the receiver. A 10 per cent dividend is being paid to depositors of the Farmers State Bank of Lake Williams, bringing total payments to 85 per cent. O'Keefe is making this payment, also.
11000. Farmers State Bank (Lake Williams, ND)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 19, 1928
- Location
- Lake Williams, North Dakota (47.135, -99.615)
Metadata
- Model
- gpt-5-mini
- Short Digest
b5cb05005c192e48
Response Measures
None
Description
Article (The Bismarck Tribune, 1928-12-19) states the bank has a receiver (district manager P. A. O'Keefe) and is paying a 10% dividend to depositors, bringing total payments to 85%. This indicates the bank was placed in receivership and is making liquidation/dividend payments. No mention of a depositor run prior to suspension is present in the text, so classification is suspension_closure (suspension followed by permanent closure/receivership).
Events (2)
1.
December 19, 1928
Other
- Newspaper Excerpt
- A 10 per cent dividend is being paid to depositors of the Farmers State Bank of Lake Williams, bringing total payments to 85 per cent.
- Source
- newspapers
2.
December 19, 1928
Receivership
- Newspaper Excerpt
- P. A. O'Keefe, Bismarck, district manager for the receiver. A 10 per cent dividend is being paid to depositors of the Farmers State Bank of Lake Williams, bringing total payments to 85 per cent. O'Keefe is making this payment, also.
- Source
- newspapers
Newspaper Articles (1)
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