Newspaper headline and snippet indicate the First State Bank of Buford will pay off depositors and close. No mention of a run; closure appears voluntary/liquidation rather than government seizure.
Events (1)
1.October 12, 1931Suspension
Cause
Voluntary Liquidation
Cause Details
Article states the bank will pay off depositors and close because banking business ceased to be profitable; indicates voluntary winding up rather than forced closure or run-driven suspension.
Newspaper Excerpt
BANK TO PAY OFF DEPOSITORS, CLOSE Buford, N. D., Oct.