State Bank - Finley, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 29, 1928
Location: Finley, North Dakota (47.514, -97.836)

Metadata

Model: gpt-5-mini
Short Digest: 82ac25e8

Response Measures

None

Description

Article (Dec 29, 1928) states the 'closed State Bank of Finley' is in receivership and depositors are being paid a 20% dividend by the receiver. No run or reopening is mentioned. Therefore this is a suspension/closure with receivership.

Events (2)

1. December 29, 1928 Receivership

Newspaper Excerpt: Payment is being made through O.L. Engen, district manager of the receiver's office at Fargo. ... announced by L. R. Baird, receiver of closed state banks, here today.
Source: newspapers

2. * Suspension

Cause Details: Bank is closed and placed in receivership; article does not state reason for closure.
Newspaper Excerpt: Depositors of the closed State Bank of Finley are/being paid a dividend of 20 per cent it was announced by L. R. Baird, receiver of closed state banks, here today.
Source: newspapers

Newspaper Articles (1)

1. December 29, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 29, 1928

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Article Text

FINLEY BANK PAYS Depositors of the closed State Bank of Finley are/being paid a dividend of 20 per cent it was announced by L. R. Baird. receiver of closed state banks, here today. Payment is being made through O.L. Engen, district manager of the receiver's office at Fargo.