Farmers Bank (Derrick, ND)

Episode Information

Episode UID
77102071585
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7710207 routing
Routing Number
77-1020
Start Date
January 9, 1932
Location
Derrick, North Dakota (48.477, -98.558)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8f8553a49d98a5db

Response Measures

None

Description

Articles state the bank is closed and in the hands of a state receiver; final dividend being paid.

Events (2)
1. January 9, 1932 Receivership
Newspaper Excerpt
final dividend ... is being paid to creditors of the closed Farmers bank of Derrick ... at the office of L R. Baird, state receiver. The final dividend makes a total of 45 per cent paid creditors. Payment is through the office of C. W. Conroy, district manager at Devils Lake.
Source
newspapers
2. January 9, 1932 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in charge of a state receiver (L. R. Baird).
Newspaper Excerpt
A final dividend of 10 per cent is being paid to creditors of the closed Farmers Bank of Derrick, at Derrick, it was announced Saturday at the office of L. R. Baird, state receiver.
Source
newspapers

Newspaper Articles (2)
1. January 9, 1932 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND
Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, January 9, 1932

Click image to open full size in new tab

Article Text

PAY FINAL DIVIDEND D., final dividend of 10 per cent is being paid to of the closed Farm ers bank of Derrick, at Derrick, it was today at the office of L R. Baird, state banks The final dividend makes a total of 45 per paid creditors. Payment is through the office of C. W. Conroy, district manager at Devils Lake.

2. January 9, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 9, 1932

Click image to open full size in new tab

Article Text

Final Dividend Paid To Derrick Creditors A final dividend of 10 per cent is being paid to creditors of the closed Farmers. Bank of Derrick, at Derrick, it was announced Saturday at the office of L. R. Baird, state receiver. The final dividend makes a total of 45 per cent paid to creditors. Payment is being made through the office of C. W. Conroy, district manager, at Devils Lake.