Farmers & Merchants State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 31, 1927
Location: Reeder, North Dakota (46.106, -102.945)

Metadata

Model: gpt-5-mini
Short Digest: f4fb17b7

Response Measures

None

Description

Article (Bismarck Tribune, 1927-08-31) reports the Farmers & Merchants State Bank of Reeder is closed and in receivership; receiver announcing dividend payments (10% dividend bringing total to 60%). No run is mentioned in the article, and the bank remains closed with a receiver, so classify as suspension leading to closure/receivership.

Events (1)

1. August 31, 1927 Receivership

Newspaper Excerpt: Payment of 10 per cent dividends to creditors of the Farmers and Merchants State Bank of Reeder ... was announced here today by L. R. Baird, receiver of state banks.
Source: newspapers

Newspaper Articles (1)

1. August 31, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, August 31, 1927

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Article Text

Closed Banks Are Paying Dividends Payment of 10 per cent dividends to creditors of the Farmers and Merchants State Bank of Reeder and the Farmers State Bank of Crary was announced here today by L. R. Baird, receiver of state banks. The new dividend brings the total paid to creditors of the Reeder institution to 60 per cent. Payment to creditors of the Reeder bank will be made by P. A. O'Keeffe, district manager for the receiver at Bismarck. Payment to creditors of the Crary bank will be made by C. W. Conroy. district manager for the receiver at Devils Lake.