Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1931
Location: Hunter, North Dakota (47.191, -97.217)

Metadata

Model: gpt-5-mini
Short Digest: 9bbced94

Response Measures

None

Description

Article (Dec 1, 1931) states the bank is closed and a state receiver (L. R. Baird) is paying a dividend to depositors, indicating the bank had been suspended and placed in receivership (permanent closure). No run is described in the text.

Events (1)

1. December 1, 1931 Receivership

Newspaper Excerpt: A dividend of eight per cent is being paid to the depositors of the Farmers and Merchants bank, Hunter, N. D., it was announced Monday by L R. Baird, state receiver of closed banks.
Source: newspapers

Newspaper Articles (1)

1. December 1, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 1, 1931

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Article Text

PAYING BANK DIVIDEND A dividend of eight per cent is befing paid to the depositors of the Farmers and Merchants bank, Huniter, N. D., it was announced Monday by L R. Baird, state receiver of closed banks. Payment of the dividend. which Torings to 43 per cent the total dividends paid by this bank. Baird said, is being made through the office of C. a Engen, district manager at Fargo.