Farmers Bank - Derrick, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 4, 1926
Location: Derrick, North Dakota (48.477, -98.558)

Metadata

Model: gpt-5-mini
Short Digest: d8c6c8c8

Response Measures

None

Description

Newspaper items describe Farmers Bank of Derrick as one of several 'closed banks' under a state receiver paying dividends. No run is mentioned; the bank is closed and in receivership. Suspension appears to be government/receiver action.

Events (3)

1. February 4, 1926 Receivership

Newspaper Excerpt: L. R. Baird, receiver for closed banks in the state of North Dakota, announced today that dividends are being paid ... Farmers Bank of Derrick, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake.
Source: newspapers

2. January 5, 1927 Other

Newspaper Excerpt: A 10 per cent dividend will be paid soon to the depositors in four closed banks ... Farmers Bank of Derrick ... Checks will be sent out from the office of C. W. Conroy, district agent for the receiver, to depositors in the Citizens State Bank, Bisbee; Stutsman county bank, Courtenay; Farmers Bank of Derrick and Farmers State Bank, Emerado.
Source: newspapers

3. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership by state authorities (described as a 'closed bank' under state receiver).
Newspaper Excerpt: closed banks in the state of North Dakota, announced today that dividends are being paid by closed banks at Neche, Derrick, Church's Ferry and Hebron
Source: newspapers

Newspaper Articles (2)

1. February 4, 1926 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 4, 1926

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Article Text

OTHER CLOSED BANKS PAYING DIVIDENDS L. R. Baird, Receiver, Announces Payments by Four More Banks L. R. Baird of Bismarck, receiver for closed banks in the state of North Dakota, announced today that dividends are being paid by closed banks at Neche, Derrick, Church's Ferry and Hebron, as follows: Farmers State bank of Neche, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake. Farmers Bank of Derrick, N. D., 15 per cent; paid through C. W. Conroy, district manager, at Devils Lake. Farmers State bank, Church's Ferry, N. D., a second dividend of 15 per cent is being paid, which, with the first dividend of 10 per cent, makes a total of 25 per cent paid; dividend is being paid through C. W. Conroy, district manager, at Devils Lake. Farmers State bank of Hehron, N. D., 20 per cent; paid through E. S. DeLaney, district manager, at Bismarck.

2. January 5, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 5, 1927

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Article Text

Four Closed Banks Will Pay Dividends A 10 per cent dividend will be paid spon to the depositors in four closed banks in the Devils Lake district, according to announcement by L. R. Baird, state receiver of closed banks. Checks will be sent out from the office of C. W. Conroy, district agent for the receiver, to depositors in the Citizens State Bank, Bisbee; Stutsman county bank, Courtenay; Farmers Bank of Derrick and Farmers State Bank, Emerado.