Farmers State Bank - Marmarth, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 6, 1924
Location: Marmarth, North Dakota (46.295, -103.921)

Metadata

Model: gpt-5-mini
Short Digest: 748c9969

Response Measures

None

Description

Article (1924-06-06) states the Farmers State Bank of Marmarth is a closed bank with a general receiver paying dividends to depositors. No run is mentioned in the text; the bank is in receivership and paying dividends, indicating permanent closure/receivership.

Events (1)

1. June 6, 1924 Receivership

Newspaper Excerpt: dividends will be paid in the Farmers State Bank of Marmarth ... by L. R. Baird, general receiver
Source: newspapers

Newspaper Articles (1)

1. June 6, 1924 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, June 6, 1924

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Article Text

CLOSED BANK DIVIDENDS TO BE PAID SOON Expiration of Time For Notice of Payment to Bring Action by Receiver Payment of dividends to depositors from funds of closed banks, the first of which was made sometime ago in the case of a Leith bank by L. R. Baird, general receiver, will be continued during the summer months. Mr. Baird said today that dividends will be paid in the Farmers State Bank of Marmarth of five percent and ten to 15 percent in the case of the First State Bank of Jud, to the Guaranty Fund Commission, which had reimbursed depositors, and the non-secured creditors, as soon as proofs of claims are in. Dividends will be made in five other banks as soon as the expiration time of the notice given to creditors to file claims is reached, it being required under court order that four months notice be given to creditors to present claims.