12221. Guaranty State Bank (Emerado, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1932*
Location
Emerado, North Dakota (47.919, -97.365)

Metadata

Model
gpt-5-mini
Short Digest
b126918a

Response Measures

None

Description

Newspaper articles (March 1932) describe the Guaranty State Bank of Emerado as a 'closed state bank' and report dividends being paid to depositors through the state receiver. No run is mentioned; the bank is closed and in receivership, consistent with a suspension followed by permanent closure/receivership.

Events (3)
1. March 1, 1932* Suspension
Cause
Government Action
Cause Details
Closed by state banking receiver; bank is listed among 'closed state banks' handled by the receiver.
Newspaper Excerpt
closed state banks
Source
newspapers
2. March 19, 1932 Receivership
Newspaper Excerpt
A dividend of 5 per cent is being paid to the depositors of the Guaranty State Bank of Emerado, ... L. R. Baird, receiver of state banks, announced Saturday.
Source
newspapers
3. March 25, 1932 Other
Newspaper Excerpt
A dividend of five per cent also is being paid to depositors of the Guaranty State Bank of Emerado.
Source
newspapers

Newspaper Articles (2)
1. March 19, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 19, 1932

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Article Text

TWO DIVIDENDS PAID A dividend of 5 per cent is being paid to the depositors of the Guaranty State Bank of Emerado, making total dividends of 35 per cent paid by this bank, L. R. Baird, receiver of state banks, announced Saturday. Depositors of the State Bank of Jessie also are receiving a 5 per cent dividend. Baird said. Both of the dividends are being paid through the

2. March 25, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 25, 1932

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Article Text

PAYING BANK DIVIDENDS Dividends to depositors in two closed state banks, each payable through the office of C. W. Conroy, district manager for the receiver at Devils Lake, were announced Saturday by the receiver of closed state banks. A dividend of five per cent is being paid to depositors of the State Bank of Jessie and a dividend of five per cent also is being paid to depositors of the Guaranty State Bank of Emerado.