Farmers State Bank - Lake Williams, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 10, 1931
Location: Lake Williams, North Dakota (47.135, -99.615)

Metadata

Model: gpt-5-mini
Short Digest: b4110f7d

Response Measures

None

Description

Article (Feb 10, 1931) reports the closed Farmers State Bank of Lake Williams with a receiver (L. R. Baird) paying dividends (90% paid). No run is mentioned. Bank is closed and in receivership, so classified as suspension leading to permanent closure/receivership.

Events (2)

1. February 10, 1931 Receivership

Newspaper Excerpt: L. R. Baird, receiver of closed banks, announced Tuesday that a five per cent dividend is being paid to the depositors of the Farmers State bank of Lake Williams, bringing the total dividends paid to 90 per cent.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (receiver handling dividend payments).
Newspaper Excerpt: the depositors of the Farmers State bank of Lake Williams
Source: newspapers

Newspaper Articles (1)

1. February 10, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 10, 1931

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Article Text

90 Per Cent Is Paid To Bank Depositors L. R. Baird. receiver of closed banks, announced Tuesday that a five per cent dividend is being paid to the depositors of the Farmers State bank of Lake Williams, bringing the total dividends paid to 90 per cent. Payment is being made through the office of P. A. O'Keefe, district manager at Bismarck.