Contemporary AP items report the Farmers State Bank of Hoople as one of three closed banks with dividends being paid by the state bank receiver. This indicates the bank had suspended operations and was in receivership (permanent closure) by July 1927. No run is described in the articles.
Events (2)
1.July 23, 1927Receivership
Newspaper Excerpt
Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver. ... a fifteen per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
Source
newspapers
2.July 23, 1927Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in the hands of the state bank receiver (L. R. Baird); dividends announced to creditors indicate official receivership/closure.
Newspaper Excerpt
a fifteen per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
Source
newspapers
Newspaper Articles (5)
1.July 23, 1927Morning PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 CLOSED BANKS
(By The Associated Press) Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver.
A ten per cent dividend to creditors of the Menoken Farmers Bank will be paid by P A O'Keefe, district manager, at Bismarck. A previous dividend of twenty per cent already has been paid. A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe and a fiften per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, dis trict manager at Devils Lake.
2.July 23, 1927Morning PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 CLOSED BANKS
(By The Associated Press). Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank re ceiver. A ten per cent dividend to creditors of the Menoken Farmers' Bank will be paid by P. A. O'Keefe, district manager, at Bismarck. A previous dividend of twenty per cent already has been paid A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe and a fiften per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
3.July 23, 1927The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Creditors of Shut Banks Get Money Dividend payments to creditors of three closed banks were announced today by L. R. Baird, state bank receiver. A ten per cent dividend to creditors of the Menoken Farmers' Bank will be paid "by P. A. O'Keefe, district manager at Bismarck. A previous dividend of 20 per cent already has been paid. A first dividend of 10 per cent will be paid to creditors of the State Bank of Bowman, also by O'Keefe, and a 15 per cent dividend will be paid to creditors of the Farmers State Bank of Hoople by C. W. Conroy, district manager at Devils Lake.
4.July 24, 1927Grand Forks HeraldGrand Forks, ND
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Article Text
Three Closed Banks Will Pay Dividends
Bismarck, July 23. (AP) payment creditors three today by L. R. Baird, state bank reper cent dividend to crediof the Menoken Farmers bank tors be paid O'Keefe, trict manager at Bismarck. predividend twenty per cent already been first of per cent will to creditors of the State be paid Bank Bowman also by 15 cent divident will be and per to of the Farmers State bank of Hoople by W. Condistrict manager at Devils Lake
5.July 29, 1927Mandan PioneerMandan, ND
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Article Text
DIVIDENDS FOR DEPOSITORS IN 3 BANKS
(By Associated Press) Dividend payments to creditors of three closed banks were announced today by R. Baird, state bank receiver ten per cent dividend to credit tors of the Menoken Farmers' Bank be paid by O'Keefe, district manager at Bismarck. previous dividend twenty per cent already has been paid first dividend of 10 per cent will be paid to creditors of Bank Bowman, also by O'Keefe and fiften cent dividend will be paid creditors of the Farmers State Bank of Hoople by Conroy, dis. trict manager at Devils Lake.
