Glenburn State Bank - Glenburn, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 14, 1931
Location: Glenburn, North Dakota (48.513, -101.221)

Metadata

Model: gpt-5-mini
Short Digest: 3e3fe12f

Response Measures

None

Description

Article (The Bismarck Tribune, 1931-02-14) states the Glenburn State Bank is closed and a receiver is paying a final dividend to depositors. No run is mentioned. Closure is in receivership and final dividend is being distributed.

Events (2)

1. February 14, 1931 Receivership

Newspaper Excerpt: a final dividend is being paid to Glenburn State bank depositors, according to L. R. Paird, receiver.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank had been closed and placed in receivership (receiver L. R. Paird) leading to suspension of operations.
Newspaper Excerpt: final dividend of the Glenburn State bank is being made through the office of J. P. Reeve, district manager at Burlington, N. D.
Source: newspapers

Newspaper Articles (1)

1. February 14, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 14, 1931

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Article Text

To Pay Dividends on Closed State Banks A 10 per cent dividend is being paid to depositors of the Merricourt and Oriska State banks, and a final dividend is being paid. to Glenburn State bank depositors, according to L. R. Paird, receiver. Payment to depositors of the closed Merricourt bank is being made through the office of P. A. O'Keefe, district manager at Bismarck. The final dividend of the Glenburn State bank is being made through the office of J. P. Reeve, district manager at Burlington, N. D. A 10 per cent dividend at Oriska is the second since the bank was closed. Payment is being made through the office of O. L. Engen, Fargo.