Merchants State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 2, 1927
Location: Fingal, North Dakota (46.761, -97.790)

Metadata

Model: gpt-5-mini
Short Digest: 52ac0604

Response Measures

None

Description

Article (Bismarck Tribune, 1927-02-02) states Merchants State Bank of Fingal is one of three 'closed banks' and that dividends will be paid to creditors through the state bank receiver, indicating the bank had closed and been placed in receivership. No run is mentioned and no cause for the closure is given in the text.

Events (1)

1. February 2, 1927 Receivership

Newspaper Excerpt: Ten per cent dividends will be paid to creditors of the Merchants State Bank of Fingal ... it was announced today at the office of L. R. Baird, state bank receiver.
Source: newspapers

Newspaper Articles (1)

1. February 2, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 2, 1927

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Article Text

Three Closed Banks to Pay Dividends Ten per cent dividends will be paid to creditors of three banks in the Lisbon district, it was announced today at the office of L. R. Baird, state bank receiver. The dividends will be paid through the office of District Manager A. E. Jones at Lisbon, to creditors of the Merchants State Bank of Fingal, First State Bank of Litchville and Fort Ransom State Bank, Fort Ransom.