Article refers to efforts to reorganize the suspended bank, suggesting attempted resumption rather than outright liquidation.
Events (1)
1.January 26, 1924Suspension
Cause Details
Article does not specify reason for suspension; only notes reorganization efforts.
Newspaper Excerpt
Efforts are being made to reorganize the suspended Farmers and Merchants State Bank of Steele
Source
newspapers
Newspaper Articles (1)
1.January 26, 1924The Bismarck TribuneBismarck, Mandan, ND
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Article Text
TO REORGANIZE STEELE BANK Efforts are being made to reorganize the suspended Farmers and Merchants State Bank of Steele, according to Charles Liessman, states attorney of Kidder county, \ who was here yesterday.
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.
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Farmers & Merchants State Bank · Episode ID 77021571489