State Bank - McGregor, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 3, 1932
Location: McGregor, North Dakota (48.595, -102.928)

Metadata

Model: gpt-5-mini
Short Digest: 7d3b85ac3404d2da

Response Measures

None

Description

Article reports that L. R. Baird, receiver of state banks, is paying a 5% dividend to depositors of the McGregor State Bank, indicating the bank was placed in receivership and has been closed. No run is mentioned in the text.

Events (2)

1. February 3, 1932 Other

Newspaper Excerpt: Payment is being made through the office of J. P. Reeve, district manager at Burlington.
Source: newspapers

2. February 3, 1932 Receivership

Newspaper Excerpt: A dividend of five per cent is being paid to the depositors of the McGregor State bank, L. R. Baird, receiver of state banks, announced Wednesday.
Source: newspapers

Newspaper Articles (1)

1. February 3, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 3, 1932

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Article Text

# DEPOSITORS GET DIVIDEND A dividend of five per cent is being paid to the depositors of the McGregor State bank, L. R. Baird, receiver of state banks, announced Wednesday. Payment is being made through the office of J. P. Reeve, dis-trict manager at Burlington.