Articles (July 1928) state the First National Bank of Leeds has been closed since December 1926 and a national bank receiver is paying dividends to creditors. No run is mentioned; the bank remained closed under receivership and is distributing dividends, indicating permanent closure.
Events (5)
1.July 16, 1900Chartered
Source
historical_nic
2.December 1, 1926*Suspension
Cause Details
Article does not state a specific cause for the suspension/closure; simply reports the bank closed in December 1926 and is in receivership.
Newspaper Excerpt
the bank has paid since closing in December, 1926.
Source
newspapers
3.January 6, 1928Receivership
Source
historical_nic
4.July 3, 1928Other
Newspaper Excerpt
creditors of the First National bank of Leeds are receiving 20 percent as second dividend ... The first dividend of the latter institution also was 20 percent, making 40 percent the bank has paid since closing in December, 1926.
Source
newspapers
5.July 3, 1928Receivership
Newspaper Excerpt
announcement has been made by C. M Gilbertson, national bank receiver ... dividends being paid by the two closed banks ... creditors of the First National bank of Leeds are receiving 20 percent as second dividend ... making 40 percent the bank has paid since closing in December, 1926.
Two Closed N. D. Banks Are Paying Dividends
Devils Lake. N. D., July nouncement has been made by C. M Gilbertson. national bank receiver with offices at Cando, of dividends being paid by the two closed banks in the lake region. The First National bank of Minnewaukan, closed last January, Is paywhile creditors of the First National bank of Leeds are receiving 20 percent as second dividend The first dividend of the latter institution also was 20 percent. making 40 percent the bank has paid since closing in December, 1926.
2.July 10, 1928The ForumFargo, ND
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Article Text
Two Closed N. D. Banks Are Paying Dividends
Devils Lake N. D., July 3.-Anbeen made by nouncement Gilbertson. national bank receiver with offices at Cando. dividends being paid by the two closed banks lake region. The First National bank of Minnewaukan, closed last payfirst dividend 30 percent while creditors of the First National bank of Leeds are receiving per. as second dividend. The first dividend of the also was 20 making 40 the bank has paid since closing in 1926.
