Ransom County Farmers Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 30, 1924
Location: Lisbon, North Dakota (46.442, -97.681)

Metadata

Model: gpt-5-mini
Short Digest: 7897e888

Response Measures

None

Description

Article (Jan 30, 1924) explicitly refers to the Ransom County Farmers Bank as 'suspended' and reports county funds were deposited there. The article does not mention a depositor run or a reopening; no receiver is named. I classify as suspension leading to closure as the most likely outcome given context, noting that the text does not explicitly state a receiver or permanent liquidation.

Events (1)

1. January 30, 1924 Suspension

Cause Details: Article gives no explicit cause for the suspension; mentions county deposits and bond/treasurer reimbursement dispute.
Newspaper Excerpt: Ransom county had $24,382.58 in the suspended Ransom County Farmers Bank, known as a Ray Craig bank, according to Gray.
Source: newspapers

Newspaper Articles (1)

1. January 30, 1924 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 30, 1924

Click image to open full size in new tab

Article Text

OFFICIALS HELD FAULTY Ransom County Treasurer Asks $25,000 on Bonds Lisbon, N. D., Jan. 30.-J. A. Gray, county auditor, will demand $25,000 from the State Bonding Fund on the bonds of the county treasurer and county commissioners, according to published statements here. Ransom county had $24,382.58 in the suspended Ransom County Farmers Bank, known as a Ray Craig bank, accord g to Gray. The county commissioners H. W. Kile, O. O. Goldberg, E. K. Savre, J. P. Grange had taken a $25,000 personal bond as surety. It is alleged by Gray the bond is insufficient. He will demand reimbursement by the state fund on the county commissioners' bond and the bond of Peder Hill, county treasurer, who deposited the money.