Farmers & Merchants Bank (Manitou, ND)

Episode Information

Episode Type
Suspension → Closure
Start Date
July 1, 1927*
Location
Manitou, North Dakota (48.331, -102.637)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
381030084
Model
gpt-5-mini
Short Digest

Notes

Bank closed July 1927 and placed in receivership; later dividend payments distributed through the receiver.

Events (4)
1. July 1, 1927* Suspension
Cause
Government Action
Cause Details
Closed and placed under the jurisdiction of the district receiver (receiver took control in July 1927).
Newspaper Excerpt
The bank was closed last July, Mr. Reeve said ... and since that time has been under the jurisdiction of Mr. Reeve's office.
Source
newspapers
2. July 1, 1927* Receivership
Newspaper Excerpt
has been under the jurisdiction of Mr. Reeve's office. ... B. W. Taylor of Stanley, former president of the bank and now in the employment of Mr. Reeve.
Source
newspapers
3. September 22, 1927 Other
Newspaper Excerpt
Robbers who blew open a safe in the closed Farmers and Merchants bank at Manitou ... All the yeggs got was old records of the bank, according to the district receiver.
Source
newspapers
4. December 6, 1928 Other
Newspaper Excerpt
A dividend of 10 per cent is being paid to the depositors of the Farmers and Merchants Bank, Manitou, payment being made through J. P. Reeve, district manager, Burlington, N. Dak.
Source
newspapers

Newspaper Articles (2)
1. September 22, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, September 22, 1927

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Article Text

ROBBERS BLOW OPEN SAFE OF CLOSED BANK Either Unaware That Maniton Bank Was Closed, or Were Seeking Experience Minot, N. D., Sept. 22.-(A)) Yeggs who blew open a safe in the closed Farmers and Merchants bank at Manitou, in Mountrail county, either were unaware of the fact that the institution was closed, or were seeking experience in using explosives, in the belief of J. P. Reeve, district receiver of closed banks with headquarters at Burlington. The bank was closed last July, Mr. Reeve said in Minot today, and since that time has been under the jurisdiction of Mr. Reeve's office. All the yeggs got was old records of the bank, according to the district receiver, who was informed of the robbery by B. W. Taylor of Stanley, former president of the bank and now in the employment of Mr. Reeve. In addition to the attempted bank burglary the cracksmen also stole an automobile from a garage in Maintou it is reported.

2. December 6, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 6, 1928

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Article Text

Dividend of 10 Per Cent Is Being Paid by Bank at Manitou A dividend of 10 per cent is being paid to the depositors of the Farmers and Merchants Bank, Manitou, payment being made through J. P. Reeve, district manager, Burlington, N. Dak. This announcement was made today by L. R. Baird, receiver.