12057. Citizens State Bank (Bathgate, ND)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
state
Start Date
January 4, 1922
Location
Bathgate, North Dakota (48.877, -97.476)

Metadata

Model
gpt-5-mini
Short Digest
1df9b48f

Response Measures

None

Description

Newspaper articles state Citizens State Bank (Bathgate, ND) was a closed bank with a receiver (John Vallely) named by the state banking board under a consolidation plan. No article mentions depositor runs; the bank was closed and assets offered for sale later in 1922. Cause appears to be state banking board action (regulatory consolidation/closure).

Events (3)

1. January 4, 1922 Receivership
Newspaper Excerpt
John Valley, of Grand Forks, has been appointed receiver of the closed banks ... Citizens State Bank of Bathgate. He succeeds F. N. Evenson, receiver at Milton, and deputy state examiners assigned to the other banks. (The Bismarck Tribune, 1922-01-04).
Source
newspapers
2. January 4, 1922 Suspension
Cause
Government Action
Cause Details
State Banking Board consolidation plan and guaranty fund commission resulted in closing the bank and appointment of a receiver.
Newspaper Excerpt
He will be receiver for the following banks: ... Citizens State Bank of Bathgate.
Source
newspapers
3. October 26, 1922 Other
Newspaper Excerpt
Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment ... will be received up to November 15, 1922 (Grand Forks Herald, Oct. 26, 1922).
Source
newspapers

Newspaper Articles (5)

Article from The Bismarck Tribune, January 4, 1922

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Article Text

RECEIVER FOR 4 BANKS NAMED John Valley, of Grand Forks, has been appointed receiver of the closed banks in the Grand Forks district created in the consolidation plan of the state banking board and guaranty fund commission. He will be receiver for the following banks: State Bank of Milton; Peoples State Bank of Grand Forks; Citizens State Bank of Bathgate and the Bank of Mowbray. He succeeds F. N. Evenson, receiver at Milton, and deputy state examiners assigned to the other banks.


Article from Grand Forks Herald, October 26, 1922

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Article Text

LEGÁL NOTICES BANK ASSETS FOR SALE Sealed blds for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley, North Dakota. O. L. Engen, receiver, Fargo. State Bank of Milton, Milton, North Dakota. John Vallely, receiver, Grand Forks, First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford, New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank. Leith, North Dakota. C. F. Kellogg, receiver, Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota. Fred F. Walz, receiver, Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen. receiver, Fargo. Timmer State Bank, Timmer, North Dakota. C. F. Kellogg, receiver, Bismarck. Williston State Bank, Williston, North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen, North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal, Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal. Peoples' State Bank, Hatton. North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community, all bids to be accompanied by certified check of one per cent of the amount of the bid. All bide should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)


Article from Grand Forks Herald, October 27, 1922

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Article Text

IOUSES ARE SOLD EVERY DAY THRU HERALD WANT ADS-LET A HERALD WANT AD SELL YOUR HOUSE FOR YOU HOUSES FOR SALE. FURNITURE. MISCELLANEOUS FOR SALE SITUATIONS WANTED. Peoples' State Bank. Hatton, North of which said complaint is hereunto 12Dakota. O. L. Engen, receiver, Fargo. tached and herewith served upon you. FOR SALE-BROWN WOOL TRICOBARBER-Wants work in city. State Citizens' State Bank Bathgate, North and which complaint will be filed with tine dress, for young woman. Will and in the office of the clerk of the wages. Albert Bollie, Gatske, Minn. Dakota. John Vallely, receiver. Grand Forks. sell very reasonable. 411 Belmont. above named court at the court house Queen Anne Dining in Grand Forks, North Dakota. and to LENNEY'S TRUCK SERVICE. OVERHere Your Chance Sawyer State Bank, Sawyer, North BASE BURNER LARGEST SIDE MADE Room Suite serve & copy of your answer to said comland; all kinds of hauling. 1380-W. Dakota. G. R. Van Sickle, receiver, like new, cheap, Phone 12293. 1116 Minot. plaint upon the subscribers at their ofA REAL BUY! consisting of six chairs, buffet and University Ave. EXPERIENCED HOUSEKEEPER fice in the city of Grand Forks, N. D., Itemised lists of the assets are on file table, practically new. Must be As a Home or Investment wants job. Write 552 Herald. within thirty days after the service of in the office of the state examiner-at seen to be appreciated. Will POTATOES FOR SALE - 250 PER this summons upon youfexclusive of the Biamarck, and with the receivers of the sacrifice for quick sale. bushel; 30c delivered. Phone 2918-W. day of such service: and in case of your above banks. A 7-room home with hardwood TYPEWRITERS FOR SALE Phone 2814-W or 209 Girard St. failure to appear and answer said com1416 Strong Aye. Rids should contain terms of payment floors and painted walls: elecplaint, or do either, as above required, REBUILT MACHINES $30 AND UP: and may include time certificates of detric lights, water. sewer being indument will be taken against you by IRON BED, SPRINGS, MATTRESS, posit in going banks in the same comguaranteed for one year. Send for dug. shed or small barn, shade Y MAHOGANY POOLE PIANO default for the relief demanded 111 the dining room chairs, small coal heater. estalog. trees. House well built: warm munity, all bids to be accompanied by Russell E. Spear, Grand Beautiful tone and touch. Pre-war complaint. Phone 2753-J. Forks. certified check of one per cent of the in winter/and cool in summer. cost $450) Will sell for 8225 cash. Dated at Grand Forks. N. D., this 26th amount of the bid. All blds should be Four lots making a wonderful C. E. Desotell, 12 Stratford block. day of September. 1922. BED. LINOLEUM AND MISCELLANE addressed to Gilbert Semingson, state garden space. 2 blocks from WANTED TO BUY. MURPHY & TONER ous articles. Phone 434-J. Lincoln school. Location. 122 examiner, Biamarck, North Dakota, and BUY, SELL NEW. SECOND HAND Attorneys for Plaintiff. Forest. E. G. F. Don't be afraid the State Banking Board reserves the HERALD WANTED-COPY OF THE furniture, stoves. N. W. Furniture Residence and Postoffice Address, COMPLETE LINE OF J. R. WATKINS of location-but investigate. It's right to reject any and all bids. Morning Herald of-September 10. 1922 Co., 208 8. 3rd. Phone 311-W. Grand Forks, North Dakota Goods. Phone 2280-W. Neil Norman. only 9 blocks from 3rd and (Herald Oct. 26-27; Nov. 2-3.) is wanted. Circulation Dept. Grand (Oct. 20-27. Nov. 8-10-17-24) BUY AND - decenti HAND Forks Hereld DeMark Grand Forks


Article from Grand Forks Herald, November 2, 1922

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Article Text

TYPEWRITERS FOR SALE REBUILT MACHINES $30 AND UP; guaranteed for one year. Send for catalog. Russell E. Spear, Grand Forks. WANTED TO BUY. LATE MODEL FORD TOURING CAR wanted. Must be in good condition and reasonable. Phone 2551-J. WANT TO BUY - MEDIUM SIZE house at reasonable price. O. E. Fosse. Box 131. WANTED TO BUY-USED CAR. FORD sedan preferred. George Andrysak, Hannah, N. D. LEGAL NOTICES. BANK ASSETS FOR SALE Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett. receiver, Flaxton. Citizens' State Bank, Edgeley. North Dakota. O. L. Engen. receiver, Fargo. State Bank of Milton. Milton, North Dakota. John Vallely, receiver, Grand Forks, First State Bank, Crystal Springs. North Dakota. H. B. Hanson, receiver. Crystal Springs. Bank of New Rockford. New Rockford. North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank. Leith. North Dakota. C. F. Kelloge, receiver. Bismarck. Peoples State Bank. Grand Forks, North Dakota. John Vallely. receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota, Fred F. Walz. receiver. Egeland Security State Bank, Courtenay. North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper North Dakota. D. L. Engen. receiver Fargo. Timmer State Bank, Timmer, North Dakota. C. F. Kellogg, receiver, Bismarck. Williston State Bank, Williston, North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank. Pingree. North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazon, North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford. North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal, Leal, North Dakota. C. I. Buslee, special deputy examiner. Leal. Peoples' State Bank, Hatton. North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer. North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community. all bids to be accompanied by certified check of one per cent/ of the amount of the bid. All bids should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)


Article from Grand Forks Herald, November 3, 1922

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Article Text

LEGAL NOTICE BANK ASSETS FOR SALE Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley. North Dakota. O. L. Engen, receiver, Fargo. State Bank of Milton. Milton, North Dakota. John Vallely, receiver, Grand Forks. First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford. New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank, Leith. North Dakota. C. F. Kellogg. receiver. Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota. Fred F. Walz, receiver. Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen. receiver, Fargo. Timmer State Bank, Timmer. North Dakota. C. F. Kellogg. receiver, Bismarck. Williston State Bank, Williston. North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen. North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal. Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal. Peoples' State Bank, Hatton, North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community, all bids to be accompanied by certified check of one per cent of the amount of the bid. All bids should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)