Article Text
BANK TO PAY OFF DEPOSITORS, CLOSE Buford, N. D., Oct. cause the banking business ceased to be profitable for the First tSate bank Buford, depositors
12114. First State Bank (Buford, ND)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- October 12, 1931
- Location
- Buford, North Dakota (47.999, -103.991)
Metadata
- Model
- gpt-5-mini
- Short Digest
701e2d9b
Response Measures
None
Description
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, 1931
Suspension
- 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.
- Source
- newspapers
Newspaper Articles (1)
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