Security State Bank - Karlsruhe, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 8, 1932
Location: Karlsruhe, North Dakota (48.090, -100.620)

Metadata

Model: gpt-5-mini
Short Digest: 86abfef3

Response Measures

None

Description

Article (Jan 8, 1932) states the bank is closed and a receiver (L. S. Baird) is making dividend payments to depositors. No run is mentioned. The bank is in receivership and paying dividends, indicating permanent closure and liquidation under a receiver.

Events (1)

1. January 8, 1932 Receivership

Newspaper Excerpt: A dividend of 10 per cent is being paid to depositors of the Security State Bank of Karlsruhe, L. S. Baird, receiver of closed state banks, announced Friday.
Source: newspapers

Newspaper Articles (1)

1. January 8, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 8, 1932

Click image to open full size in new tab

Article Text

PAYING BANK DIVIDEND A dividend of 10 per cent is being paid to depositors of the Security State Bank of Karlsruhe, L. S. Baird, receiver of closed state banks, announced Friday. This payment, being made through the office of G. R. Van Sickle, district manager at Minot, brings to 40 per cent dividends paid by this bank.