Farmers State Bank - Arthur, ND

Episode Information

Episode UID: 868257591487
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 86825759 hash
Start Date: November 12, 1923
Location: Arthur, North Dakota (47.104, -97.218)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 2130aff6626eb299

Response Measures

None

Description

Receiver to be appointed; closure due to depleted reserves.

Events (2)

1. November 12, 1923 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Depleted reserves cited as the cause for the closing.
Newspaper Excerpt: The Farmers State bank of Arthur ... closed its doors Monday and is now in the hands of the bank examiner.
Source: newspapers

2. November 13, 1923 Receivership

Newspaper Excerpt: A receiver is to be appointed in a short time, it is said.
Source: newspapers

Newspaper Articles (1)

1. November 13, 1923 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND

Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, November 13, 1923

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Article Text

Farmers State Bank Of Arthur Is Closed The Farmers State bank of Arthur, capitalized at $20,000 and with $52,000 listed in deposits, closed its doors Monday and is now in the hands of the bank examiner. A receiver is to be appointed in a short time, it is said. Depleted reserves is given as the cause for the closing. Stockholders are to meet this week to discuss plans for future action. They are working under the new law in an effort to obtain a trustee to take charge of all affairs looking to an adjustment of difficulties and the reopening of the institution.