gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c07e6db0cd1b7a70
Response Measures
None
Events (2)
1.July 23, 1927Receivership
Newspaper Excerpt
Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver.
Source
newspapers
2.*Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership by the state bank receiver (L. R. Baird)
Newspaper Excerpt
A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe
Source
newspapers
Newspaper Articles (4)
1.July 23, 1927Morning PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 CLOSED BANKS
(By The Associated Press) Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver.
A ten per cent dividend to creditors of the Menoken Farmers Bank will be paid by P A O'Keefe, district manager, at Bismarck. A previous dividend of twenty per cent already has been paid. A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe and a fiften per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, dis trict manager at Devils Lake.
2.July 23, 1927Morning PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 CLOSED BANKS
(By The Associated Press). Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank re ceiver. A ten per cent dividend to creditors of the Menoken Farmers' Bank will be paid by P. A. O'Keefe, district manager, at Bismarck. A previous dividend of twenty per cent already has been paid A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe and a fiften per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
3.July 23, 1927The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Creditors of Shut Banks Get Money Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver. A ten per cent dividend to creditors of the Menoken Farmers' Bank will be paid "by P. A. O'Keefe, district manager at Bismarck. A previous dividend of 20 per cent already has been paid. A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe, and a 15 per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
4.July 24, 1927Grand Forks HeraldGrand Forks, ND
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Article Text
Three Closed Banks Will Pay Dividends
Bismarck, July 23. (AP) payment creditors three today by L. R. Baird, state bank reper cent dividend to crediof the Menoken Farmers bank tors be paid O'Keefe, trict manager at Bismarck. predividend twenty per cent already been first of per cent will to creditors of the State be paid Bank Bowman also by 15 cent divident will be and per to of the Farmers State bank of Hoople by W. Condistrict manager at Devils Lake
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
