12583. Farmers Exchange State Bank (Sanger, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 25, 1930
Location
Sanger, North Dakota (47.180, -100.995)

Metadata

Model
gpt-5-mini
Short Digest
7355939b

Response Measures

None

Description

Articles (Mar–Aug 1930) refer to the bank as a closed bank with a receiver (L. R. Baird) and later dividend payments by the receiver. No run or reopening is described; the bank is in receivership and paying dividends, indicating permanent closure.

Events (3)
1. March 25, 1930 Receivership
Newspaper Excerpt
L. R. Baird as receiver of the Farmers Exchange bank of Sanger ... (court case listing).
Source
newspapers
2. March 25, 1930 Suspension
Cause Details
Article identifies the bank as closed and in receivership but gives no cause for suspension.
Newspaper Excerpt
L. R. Baird as receiver of the Farmers Exchange bank of Sanger, against A. L. Garnes...
Source
newspapers
3. August 27, 1930 Other
Newspaper Excerpt
Payment of 15 per cent dividend depositors of the closed Farmers Exchange State bank of Sanger was announced today by the receiver of closed banks. This brings the total dividends paid depositors of the bank to 35 per cent.
Source
newspapers

Newspaper Articles (3)
1. March 25, 1930 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 25, 1930

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Article Text

M'FARLAND OPENS MARCH SETS COURT TRIAL SUITS One Case Defaulted, Another Continued, and Third Is Transferred to July Court cases were set this morning for March term of district court when Judge R. G. McFarland returned to hear suits pending on the calendar from the December term. The term was devoted to jury trials and none of the actions for bench decisions were reached then. This afternoon the hearing of trials was started with No. 63, the suit of L. R. Baird as receiver of the Farmers and Merchants state bank of Driscoll against Elick Larson. Zuger and Tillotson represent the plaintiff and Hyland and Foster are appearing for the defence. Other cases set were: 64-L. R. Baird as receiver for the Bismarck bank against .P. E. Byrne and Belle D. Byrne. 39-Grabinger against Grabinger, transferred from McLean county, to be heard at 9:30 Wednesday morning. 8-W. C. Gehrke against American Railway Express company. 18-L. R. Baird as receiver of the Farmers Exchange bank of Sanger, against A. L. Garnes, L. Engen, John J. Hoff and Mrs. Lenie Leer. 28-Baldwin Piano company against J. G. Belanger. 40-William G. Hoerr against Emmett E. McDonnell. 50-Burleigh county against P. E. Byrne and Bell D. Byrne. 52-L. R. Baird as receiver for the Farmers State bank of Garrison against Eugene Spach, defendant, and William Gee garnishee. 60-A. B. Larson, as administrator of the estate of George Alderin, deceased, against National Surety company. 68-Oscar Anstrom, against John A. Johnson. 73-B. W. Graham, against Nellie Yager formerly Nellie Carey and all persons unknown having or claiming to have any interest in or lien or incumbrance upon the premises described in the complaint. 74-Fred Heidt, against Oscar Weitstock. 80-Emma Oster, against Jacob Oster. 83-Minnie Moffit Benz against William Benz. 115-Ruth Willoughby, against R.B. Willoughby. 121-R. M. Reinestson, against R. R. Rust, defendant, and First National bank of Bismarck, and the Provident Life Insurance company, garnishee. 128-American Travel and Hotel Director company against Parkinson and Jack. 135-H. J. McCollough against Blanche Leyben. 138-Lillian Cook against C. C. Hoskin. Case No. 98 as defaulted; No. 100 was continued; and No. 39 was transferred to the July calendar by stipulation.

2. March 26, 1930 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 26, 1930

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Article Text

# WEHE AND BYRNES # WIN IN TWO SUITS Court Decides Bank Case and Reverses Jury Verdict in Car Collision District court adjourned this after- noon out of respect to the memory of Carl Ben Eielson, to resume ses- sions at 10 o'clock tomorrow morn- ing. At the same time the case of Elizabeth Grabinger against Joseph Grabinger, transferred from McLean county, was set for Thursday, while these cases were ordered ready for trial Friday morning: 8—W. C. Gehrke against American Railway Express company. 18—L R. Baird as receiver of the Farmers Exchange bank of Sanger, against A. L. Garnes, L. Engen, John J. Hoff and Mrs. Lenie Leer.

3. August 27, 1930 The Bismarck Tribune Bismarck, ND
Article from The Bismarck Tribune, August 27, 1930

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Article Text

Father and Daughter Hurt in Road Crash Edgeley, N. Aug. Borth, 42, proprietor of general store at and his daughter, Amelia, 19, are patients in an Edgeley hospital as the result of collision Tuesday of their automobile and grain truck near Berlin, 10 miles north of here. Both suffered facial lacerations and body bruises, while Miss Borth received fractured skull. Unconscious for several hours, Miss Borth today consciousness and expected to recover. DECLARE BANK DIVIDEND Payment of 15 per cent dividend depositors of the closed Farmers Erchange State bank of Sanger was announced today by the receiver of closed banks. This brings the total dividends paid depositors of the bank to 35 per cent. Payment being made through the office of O'Keefe, district manager for the ceiver at Bismarck.