First Farmers Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 24, 1920
Location: Minot, North Dakota (48.233, -101.296)

Metadata

Model: gpt-5-mini
Short Digest: 35411e83

Response Measures

None

Description

Article reports the First Farmers Bank of Minot was closed Dec 24, 1920 and placed in charge of the state receiver; no run or reopening is mentioned. A final dividend was paid in 1933. Cause of suspension is not stated in the article.

Events (3)

1. December 24, 1920 Receivership

Newspaper Excerpt: G. R. Van Sickle ... district manager for the state receiver. Van Sickle, who has been in charge of the bank the entire time since it was closed, said ...
Source: newspapers

2. December 24, 1920 Suspension

Cause Details: Article does not specify reason for closure or suspension.
Newspaper Excerpt: which was closed Dec. 24, 1920
Source: newspapers

3. September 15, 1933 Other

Newspaper Excerpt: A final dividend of 6 per cent, making a total of 36 per cent, is being made to depositors in the First Farmers Bank of Minot
Source: newspapers

Newspaper Articles (1)

1. September 15, 1933 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, September 15, 1933

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Article Text

Final Dividend Paid By Closed Minot Bank Minot, N. D., Sept. 15.-(P)-A final dividend of 6 per cent, making a total of 36 per cent, is being made to depositors in the First Farmers Bank of Minot, which was closed Dec. 24, 1920, it was announced Friday by G. R. Van Sickle of this city, district manager for the state receiver. Van Sickle, who has been in charge of the bank the entire time since it was closed, said Friday that at the time of taking over the institution, he expressed a belief that 15 per cent was the maximum which he believed depositors would receive and consequently he is pleased that it was poss.ble to make paymetns ttaling 36 per cent. In all, $80,601.90 was distributed to depositors.