Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 21, 1932
Location: Overly, North Dakota (48.682, -100.150)

Metadata

Model: gpt-5-mini
Short Digest: 5613e42b

Response Measures

None

Description

Article (Oct 21, 1932) reports a receiver paying dividends to depositors of the Farmers & Merchants Bank of Overly, indicating the bank had been placed in receivership and remained closed. No run is mentioned in the article.

Events (1)

1. October 21, 1932 Receivership

Newspaper Excerpt: L. R. Baird, receiver of state banks, announced payment of two dividends of 10 per cent Friday, one to depositors of the Farmers & Merchants Bank of Overly
Source: newspapers

Newspaper Articles (1)

1. October 21, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, October 21, 1932

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Article Text

DEPOSITORS GET DIVIDENDS L. R. Baird. receiver of state banks. announced payment of two dividends of 10 per cent Friday, one to depositors of the Farmers & Merchants Bank of Overly and the other to depositors of the Security State Bank of Overly. Both payments are being made through the office of G. R. Van Sickle, district manager at Minot, according to Baird.