American State Bank - Balfour, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 28, 1929
Location: Balfour, North Dakota (47.952, -100.535)

Metadata

Model: gpt-5-mini
Short Digest: a357df9a

Response Measures

None

Description

Article (Bismarck Tribune, 1929-10-28) states the American State Bank of Balfour is closed and a receiver (L. R. Baird) is paying dividends to depositors. No run is mentioned; bank is in receivership and paying dividends, indicating permanent closure/receivership rather than a temporary suspension with reopening.

Events (1)

1. October 28, 1929 Receivership

Newspaper Excerpt: Closed Balfour Bank Pays More Dividends A dividend of 10 per cent is being paid to depositors of the closed American State Bank of Balfour, McHenry county. it is announced by L. R. Baird, receiver.
Source: newspapers

Newspaper Articles (1)

1. October 28, 1929 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, October 28, 1929

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Article Text

Closed Balfour Bank Pays More Dividends A dividend of 10 per cent is being paid to depositors of the closed American State Bank of Balfour, McHenry county. it is announced by L. R. Baird, receiver. This payment makes the total dividends paid to depositors 30 per sent. Payment is being made through P. Reeve, district manager, at BurJington.