Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 6, 1928
Location: Manitou, North Dakota (48.331, -102.637)

Metadata

Model: gpt-5-mini
Short Digest: 12fa36ec

Response Measures

None

Description

Article (Dec 6, 1928) states L. R. Baird, receiver, announced a 10% dividend being paid to depositors — indicates the bank was in receivership and paying a dividend after suspension/closure. No run is mentioned in the provided article.

Events (1)

1. December 6, 1928 Receivership

Newspaper Excerpt: Dividend of 10 Per Cent Is Being Paid by Bank at Manitou ... This announcement was made today by L. R. Baird, receiver.
Source: newspapers

Newspaper Articles (1)

1. December 6, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 6, 1928

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Article Text

Dividend of 10 Per Cent Is Being Paid by Bank at Manitou A dividend of 10 per cent is being paid to the depositors of the Farmers and Merchants Bank, Manitou, payment being made through J. P. Reeve, district manager, Burlington, N. Dak. This announcement was made today by L. R. Baird, receiver.