Farmers State Bank - Hoople, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 21, 1932
Location: Hoople, North Dakota (48.535, -97.635)

Metadata

Model: gpt-5-mini
Short Digest: 8f334892

Response Measures

None

Description

Article (May 21, 1932) reports the Farmers State Bank of Hoople as closed and under a state receiver paying a 25% dividend to depositors. No run or reopening is mentioned; the bank is in receivership (government action).

Events (2)

1. May 21, 1932 Receivership

Newspaper Excerpt: A dividend of 25 per cent is being paid to depositors of the closed Farmers State Bank of Hoople, according to L. R. Baird, state receiver. Payment is being made through the office of C. W. Conroy, district manager at Devils Lake.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank is closed and placed in the hands of a state receiver (state-administered receivership).
Newspaper Excerpt: A dividend of 25 per cent is being paid to depositors of the closed Farmers State Bank of Hoople, according to L. R. Baird, state receiver.
Source: newspapers

Newspaper Articles (1)

1. May 21, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, May 21, 1932

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Article Text

Hoople Depositors Receive Dividend A dividend of 25 per cent is being paid to depositors of the closed Farmers State Bank of Hoople, according to L. R. Baird, state receiver. Payment is being made through the office of C. W. Conroy, district manager at Devils Lake.