Farmers Exchange State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 30, 1928
Location: Sanger, North Dakota (47.180, -100.995)

Metadata

Model: gpt-5-mini
Short Digest: ec259a6c

Response Measures

None

Description

Article (The Bismarck Tribune, 1928-05-30) states the Farmers Exchange State Bank, Sanger, N.D., is defunct and that a receiver (L. R. Baird) is paying a dividend to depositors. No run or reopening is mentioned; the bank is in receivership and closed.

Events (1)

1. May 30, 1928 Receivership

Newspaper Excerpt: A first dividend of 10 per cent is being paid depositors of the Farmers Exchange State bank, Sanger, N. D., L. R. Baird, receiver of defunct banks, announced today.
Source: newspapers

Newspaper Articles (1)

1. May 30, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, May 30, 1928

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Article Text

BANK TO PAY DIVIDEND A first dividend of 10 per cent is being paid depositors of the Farmers Exchange State bank, Sanger, N. D., L. R. Baird, receiver of defunct banks, announced today. Payment is being made through the office of P. A. O'Keefe, district manager.