12176. Farmers Bank (Derrick, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 9, 1932
Location
Derrick, North Dakota (48.477, -98.558)

Metadata

Model
gpt-5-mini
Short Digest
4349ee42

Response Measures

None

Description

Newspaper items (Jan 9, 1932) report final dividend being paid to creditors of the closed Farmers Bank of Derrick by the state receiver L.R. Baird. No mention of a run; bank is closed and in receivership. Classified as suspension_closure (suspension leading to permanent closure/receivership).

Events (2)
1. January 9, 1932 Other
Newspaper Excerpt
The final dividend makes a total of 45 per cent paid to creditors. Payment is being made through the office of C. W. Conroy, district manager, at Devils Lake.
Source
newspapers
2. January 9, 1932 Receivership
Newspaper Excerpt
A final dividend of 10 per cent is being paid to creditors of the closed Farmers Bank of Derrick, at Derrick, it was announced Saturday at the office of L. R. Baird, state receiver.
Source
newspapers

Newspaper Articles (2)
1. January 9, 1932 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND
Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, January 9, 1932

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Article Text

PAY FINAL DIVIDEND D., final dividend of 10 per cent is being paid to of the closed Farm ers bank of Derrick, at Derrick, it was today at the office of L R. Baird, state banks The final dividend makes a total of 45 per paid creditors. Payment is through the office of C. W. Conroy, district manager at Devils Lake.

2. January 9, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 9, 1932

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Article Text

Final Dividend Paid To Derrick Creditors A final dividend of 10 per cent is being paid to creditors of the closed Farmers. Bank of Derrick, at Derrick, it was announced Saturday at the office of L. R. Baird, state receiver. The final dividend makes a total of 45 per cent paid to creditors. Payment is being made through the office of C. W. Conroy, district manager, at Devils Lake.