Security State Bank - Noonan, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 6, 1932
Location: Noonan, North Dakota (48.889, -103.009)

Metadata

Model: gpt-5-mini
Short Digest: bb83c07f

Response Measures

None

Description

Article (Feb 6, 1932) reports the Security State Bank of Noonan as a closed bank under the state receiver; a 5% dividend is being paid by the receiver. The article does not mention any depositor run; it indicates the bank was closed and in receivership. Therefore classified as a suspension leading to closure/receivership.

Events (2)

1. February 6, 1932 Receivership

Newspaper Excerpt: Payment IS being made through the office of J. P. Reeve, district manager for the receiver at Burlington .,PAYING BANK DIVIDEND Payment of a 5 per cent dividend to depositors of the closed Security State Bank of Noonan was announced Friday by the state receiver of closed banks here. ,Payment IS being made through the office of J. P. Reeve, district manager for the receiver at Burlington .,Payment of a 5 per cent dividend to depositors of the closed Security State Bank of Noonan was announced Friday by the state receiver of closed banks here. (OCR excerpt)
Source: newspapers

2. * Suspension

Cause Details: Article only states the bank was closed and under the state receiver; no cause for suspension provided.
Newspaper Excerpt: Payment of a 5 per cent dividend to depositors of the closed Security State Bank of Noonan was announced Friday by the state receiver of closed banks here.
Source: newspapers

Newspaper Articles (1)

1. February 6, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 6, 1932

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Article Text

PAYING BANK DIVIDEND Payment of a 5 per cent dividend to depositors of the closed Security State Bank of Noonan was announced Friday by the state receiver of closed banks here. Payment IS being made through the office of J. P. Reeve, district manager for the receiver at Burlington.