Farmers & Merchants State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 27, 1931
Location: Wahpeton, North Dakota (46.265, -96.606)

Metadata

Model: gpt-5-mini
Short Digest: bb29719b

Response Measures

None

Description

Article (1931-01-27) states the Farmers' and Merchants' State Bank of Wahpeton is closed and a receiver (L. R. Baird) will pay a 10% dividend to depositors. No mention of a prior run; bank is in receivership, so classified as a suspension leading to closure/receivership (suspension_closure).

Events (2)

1. January 27, 1931 Receivership

Newspaper Excerpt: According to L. R. Baird, receiver. Payment will be made through the office of A. E. Jones, Lisbon, N. Dak. (closed Farmers' and Merchants' State bank of Wahpeton )
Source: newspapers

2. January 27, 1931 Suspension

Cause: Government Action
Cause Details: Bank is closed and placed in receivership (receiver L. R. Baird) though original trigger not specified in article.
Newspaper Excerpt: Depositors of the closed Farmers' and Merchants' State bank of Wahpeton will receive a dividend of 10 per cent, according to L. R. Baird, receiver.
Source: newspapers

Newspaper Articles (1)

1. January 27, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 27, 1931

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Article Text

Closed State Bank Will Pay Dividend Depositors of the closed Farmers' and Merchants' State bank of Wahpeton will receive a dividend of 10 per cent, according to L. R. Baird, receiver. Payment will be made through the office of A. E. Jones, Lisbon, N. Dak.