State Bank - Jessie, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 25, 1932
Location: Jessie, North Dakota (47.542, -98.238)

Metadata

Model: gpt-5-mini
Short Digest: 1bf200d4

Response Measures

None

Description

Article (Mar 25, 1932) states the State Bank of Jessie is a 'closed state bank' and that the receiver is paying a dividend. No run is mentioned; bank was closed and in receivership, indicating suspension leading to permanent closure.

Events (2)

1. March 25, 1932 Receivership

Newspaper Excerpt: A dividend of five per cent is being paid to depositors of the State Bank of Jessie...through the office of C. W. Conroy, district manager for the receiver at Devils Lake.
Source: newspapers

2. March 25, 1932 Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership; receiver announcing dividend payments.
Newspaper Excerpt: Dividends to depositors in two closed state banks...were announced Saturday by the receiver of closed state banks.
Source: newspapers

Newspaper Articles (1)

1. March 25, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, March 25, 1932

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Article Text

PAYING BANK DIVIDENDS Dividends to depositors in two closed state banks, each payable through the office of C. W. Conroy, district manager for the receiver at Devils Lake, were announced Saturday by the receiver of closed state banks. A dividend of five per cent is being paid to depositors of the State Bank of Jessie and a dividend of five per cent also is being paid to depositors of the Guaranty State Bank of Emerado.