Security State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 24, 1932
Location: Upham, North Dakota (48.582, -100.728)

Metadata

Model: gpt-5-mini
Short Digest: ef88614c

Response Measures

None

Description

Article (Bismarck Tribune, 1932-08-24) reports the Security State Bank of Upham as 'closed' with L. R. Baird named receiver and depositors receiving a dividend. No run or prior suspension is explicitly described in the excerpt; the bank is in receivership and paying dividends, so this is classified as a suspension leading to permanent closure/receivership. Cause of closure not given in the article.

Events (2)

1. August 24, 1932 Other

Newspaper Excerpt: closed Security State Bank of Upham; depositors receiving dividend (5%) through receiver
Source: newspapers

2. August 24, 1932 Receivership

Newspaper Excerpt: A dividend of 5 per cent is being paid to the depositors of the closed Security State Bank of Upham, according to L. R. Baird, receiver. Payment is being made through the office of District Manager J. P. Reeve at Burlington.
Source: newspapers

Newspaper Articles (1)

1. August 24, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, August 24, 1932

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Article Text

Bank Depositors Receive Dividend A dividend of 5 per cent is being paid to the depositors of the closed Security State Bank of Upham, according to L. R. Baird, receiver. Payment is being made through the office of District Manager J. P. Reeve at Burlington.