Bank of Oliver County

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 20, 1928
Location: Center, North Dakota (47.116, -101.300)

Metadata

Model: gpt-5-mini
Short Digest: 49784d56

Response Measures

None

Description

Article (Bismarck Tribune, 1928-02-20) reports dividend paid by the receiver to depositors of the Bank of Oliver County, Center, indicating the bank was closed and in receivership. No mention of a run; classified as suspension leading to permanent closure/receivership. Bank name capitalization normalized; article refers to closed state banks, supporting 'state' classification.

Events (1)

1. February 20, 1928 Receivership

Newspaper Excerpt: A payment of 7 4-10 per cent will be made to depositors of the Bank of Oliver county, Center, making the total paid to depositors of that institution 50 per cent.
Source: newspapers

Newspaper Articles (1)

1. February 20, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 20, 1928

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Article Text

Dividends Announced For Four Closed Banks Payment of dividends to deposiors of four closed banks was anounced today by the receiver of osed state banks. A payment of 7 4-10 per cent will be made to depositors of the Bank of Oliver county, Center, making the total paid to depositors of that institution 50 per cent. A 30 per cent dividend is being paid to depositors of the Merchants State Bank of Hebron. An additional dividend of 10 per cent is being paid to depositors of