Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 19, 1931
Location: Leeds, North Dakota (48.289, -99.438)

Metadata

Model: gpt-5-mini
Short Digest: 8b924bb4

Response Measures

None

Description

Article (Feb 19, 1931) reports the closed Farmers and Merchants Bank of Leeds and a receiver (L. R. Baird) paying a dividend to depositors. No mention of a run; bank is closed and in receivership. I classify as a suspension followed by permanent closure/receivership. Bank type not specified in text.

Events (2)

1. February 19, 1931 Receivership

Newspaper Excerpt: L. R. Baird, receiver, has announced the payment of a five per cent dividend. ... depositors of the closed Farmers and Merchants bank of Leeds to 25 per cent, L. R. Baird, receiver, has announced the payment of a five per cent dividend. Payment is being made through the office of C. W. Conroy, district manager at Devils Lake. (The Bismarck Tribune, 1931-02-19). This excerpt indicates receivership and dividend payment to depositors.)
Source: newspapers

2. * Suspension

Cause Details: Article indicates the bank was closed prior to the dividend payment; no cause for suspension given.
Newspaper Excerpt: the closed Farmers and Merchants bank of Leeds
Source: newspapers

Newspaper Articles (1)

1. February 19, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 19, 1931

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Article Text

Depositors in Leeds Bank to Get Dividend Bringing the total dividends paid to the depositors of the closed Farmers and Merchants bank of Leeds to 25 per cent, L. R. Baird, receiver, has announced the payment of a five per cent dividend. Payment is being made through the office of C. W. Conroy, district manager at Devils Lake.