Farmers Bank - Derrick, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 13, 1928
Location: Derrick, North Dakota (48.477, -98.558)

Metadata

Model: gpt-5-mini
Short Digest: 789f312c

Response Measures

None

Description

Article reports the Farmers Bank of Derrick as a closed bank with a state receiver paying dividends to depositors. No run is mentioned. Closure was by state receiver (government action). Exact suspension/closure date not provided; dividend payment reported 1928-02-13.

Events (2)

1. February 13, 1928 Receivership

Newspaper Excerpt: Payment of 10 per cent dividends to depositors of the Farmers Banks of Derrick ... was announced today by the state receiver of closed banks. Payment to depositors of the Derrick bank is being made through the office of J. W. Conroy, district manager at Devils Lake.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank had been closed and placed under a state receiver (state-ordered closure/receivership).
Newspaper Excerpt: Payment of 10 per cent dividends to depositors of the Farmers Banks of Derrick ... was announced today by the state receiver of closed banks.
Source: newspapers

Newspaper Articles (1)

1. February 13, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 13, 1928

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Article Text

2 More Closed Banks Are Paying Dividends Payment of :10 per cent dividends to depositors of the Farmers Banks of Derrick and the Security State bank of Karlsruhe was announced today by: the state receiver 0. closed banks. The new payments make a total dividend of 30 per cent J depositors of the Derrick tank and of 20 per cent to depositors of the Karlsruhe bank. Payment to depositors of the Derrick bank is being made through the office of 3. W. Conroy, district manager at Devils Lake. Payment to depositors of the Karlsrhue bank is being made "hrough the office of G. R. Van Sickle, district manager at Minot.