Farmers State Bank - Tolley, ND

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 17, 1922
Location: Tolley, North Dakota (48.729, -101.827)

Metadata

Model: gpt-5-mini
Short Digest: 82d0adb4

Response Measures

None

Description

Article reports the Farmers State Bank of Tolley suspended business temporarily when the Tolley State Bank reopened, later having its charter transferred to Greene and reopening there. No run is mentioned; suspension appears linked to the reopening of a local bank (Tolley State Bank). Date of reopening in Greene described as last week relative to Aug 24, 1922.

Events (3)

1. August 17, 1922 Other

Newspaper Excerpt: It reopened for business last week. ... has had its charter transferred to Green[ e ]. It reopened for business last week.
Source: newspapers

2. August 24, 1922 Other

Newspaper Excerpt: The Farmers State Bank of Tolley ... has had its charter transferred to Greene. It reopened for business last week.
Source: newspapers

3. * Suspension

Cause: Local Banks
Cause Details: Suspended temporarily when the Tolley State Bank reopened (competition/overlap with local bank reopening).
Newspaper Excerpt: The Farmers State Bank of Tolley which suspended business temporarily when the Tolley State Bank reopened
Source: newspapers

Newspaper Articles (1)

1. August 24, 1922 The Ward County Independent Minot, ND

Article from The Ward County Independent, August 24, 1922

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Article Text

Bank Opens at Greene The Farmers State Bank of Tolley which suspended business temporarily when the Tolley State Bank reopened has had its charter transferred to Green. It reopened for business last week. It is understood that there is as yet no connection between the Farmers State Bank of Greene which is in the hands of a receiver and the new bank. J. H. Sinclair, Chas. Docter and J. M. Lund are president, vice president and cashier respectively of the new institution.