Peoples State Bank - Hillsboro, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1932*
Location: Hillsboro, North Dakota (47.404, -97.062)

Metadata

Model: gpt-5-mini
Short Digest: f49f2c94

Response Measures

None

Description

Article (The Forum, 1934-04-01) states the Peoples State Bank of Hillsboro had closed in April 1932 and is paying a second dividend in 1934. No run is described; the bank remained closed and dividends are being distributed (implying a receivership/liquidation).

Events (2)

1. April 1, 1932* Suspension

Cause Details: Article states the bank closed in April 1932 but gives no specific cause for the suspension/closure.
Newspaper Excerpt: Depositors of the closed Peoples State bank of Hillsboro second dividend since the institution closed, April, 1932.
Source: newspapers

2. April 1, 1934 Receivership

Newspaper Excerpt: Depositors $55,561, Representing 20 Per Cent Payment ... second dividend since the institution closed, April, 1932. Total of the checks, representing per cent payment, was $55,561.96.
Source: newspapers

Newspaper Articles (1)

1. April 1, 1934 The Forum Fargo, ND

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Article Text

BANK AT HILLSBORO Depositors $55,561, Representing 20 Per Cent Payment Hillsboro, N. D.-Depositors of the closed Peoples State bank of Hillsboro second dividend since the institution closed, April, 1932. Total of the checks, representing per cent payment, was $55,561.96. Plans are complete for two trade be held Hillsboro April and The feature of the special days will auction sale which be sold cattle, horses and household goods. Allotted to Trail county have been enlistments for state CCC camps. All officers re-elected at the annual meeting the Traill County Taxpayers association. They Buxton, president; Julius Overmoe, Hillsboro, urer; Arnegard, Hillsboro, Portland; Guy Elken, Mayville, G. Jahnke, Caledonia, members of the board of directors. place place within the state by The committee representing the automobile without local post has with the Civie the of July celefor Hillsboro. On the committee are Iver Acker, Ernest Johnson, Jahr, Clyde Knudson and John Flaa.