Article reports receiver named; no contemporaneous mention of a run or explicit suspension.
Events (1)
1.May 10, 1923Receivership
Newspaper Excerpt
John R. Durkin of Bowman has been named receiver of the Farmers and Mechanics State bank of Bowman by the state banking board.
Source
newspapers
Newspaper Articles (1)
1.May 10, 1923The Bismarck TribuneBismarck, Mandan, ND
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Article Text
RECEIVER NAMED. John R. Durkin of Bowman has been named receiver of the Farmers and Mechanics State bank of Bowman by the state banking board.
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 & Mechanics State Bank · Episode ID 77094971481