Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 28, 1931
Location: Leith, North Dakota (46.358, -101.637)

Metadata

Model: gpt-5-mini
Short Digest: 1993c1e6

Response Measures

None

Description

Article (Bismarck Tribune, 1931-05-28) states the Farmers' State Bank of Leith is a closed bank under receiver L. R. Baird and that a 10% dividend is being paid to depositors. There is no mention of a depositor run; the bank is in receivership and paying dividends, so this is a suspension leading to closure/receivership.

Events (2)

1. May 28, 1931 Receivership

Newspaper Excerpt: L. R. Baird, receiver of banks, announced Thursday. Payment is being made through the office of P. A. O'Keefe, district manager here.Leith Depositors Receive Dividend (Bismarck Tribune, 1931-05-28).Leith Depositors Receive Dividend A dividend of 10 per cent is being paid to depositors of the closed Farmers' State bank of Leith, L. R. Baird, receiver of banks, announced Thursday. Payment is being made through the office of P. A. O'Keefe, district manager here.
Source: newspapers

2. May 28, 1931 Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (regulatory action resulting in suspension/closure).
Newspaper Excerpt: A dividend of 10 per cent is being paid to depositors of the closed Farmers' State bank of Leith, L. R. Baird, receiver of banks, announced Thursday.
Source: newspapers

Newspaper Articles (1)

1. May 28, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, May 28, 1931

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Article Text

Leith Depositors Receive Dividend A dividend of 10 per cent is being paid to depositors of the closed Farmers' State bank of Leith, L. R. Baird, receiver of banks, announced Thursday. Payment is being made through the office of P. A. O'Keefe, district manager here.