Citizens & Security National Bank (St James, MN)

View Charter #7021 on SPMC View balance sheet

Episode Information

Episode UID
702101598
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
70210 national
Charter Number
7021
Start Date
February 6, 1933
Location
St James, Minnesota (43.982, -94.627)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3c19feb33e8e5b83

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-02-06
Date receivership terminated
1938-02-25
Share of assets assessed as good
15.4%
Share of assets assessed as doubtful
74.4%
Share of assets assessed as worthless
10.1%

Events (4)
1. October 28, 1903 Chartered
Source
historical_nic
2. February 6, 1933 Receivership
Source
historical_nic
3. February 6, 1933 Receivership
Newspaper Excerpt
St. James, The Citizens & Security National bank of St. James (receiver), $65,000 (x).
Source
newspapers
4. February 6, 1933 Suspension
Cause
Government Action
Cause Details
Suspension reported to the Comptroller of the Currency on Feb. 6, 1933.
Newspaper Excerpt
Feb. 6: Citizens and Security National Bank of St. James, Minn. resources, $600,462.
Source
newspapers

Newspaper Articles (2)
1. February 17, 1933 The Producers News Plentywood, MT
Article from The Producers News, February 17, 1933

Click image to open full size in new tab

Article Text

More Banks Close National banks suspending Feb. 2, 4, and 6 as reported to Comptroller of the Currency were: Feb. 2: First National Bank, of Secor, Ill., resources $219,044. Pleasantville National Bank of Pieasantville, N. J., resources, $630,000. Feb. 6: Citizens and Security National Bank of St. James, Minn. resources, $600,462.

2. October 31, 1933 Lincoln Journal Star Lincoln, NE

Article Text

WASHINGTON. (AP). Authorization of loans by the Reconstruction Finance corporation during September, as reported Tuesday to congress included, the following banks and trust companies: No part of this amount had been disbursed up to Sept. 30, 1933, inclusive). Iowa. Iowa City, Farmers Loan & Trust Co. (receiver), $70,000 (x). Oskaloosa, Mahaska County State bank (receiver), $50,000 (x). Michigan. Ishpeming, Miners National bank (conservator), $407,000 (x). Three Rivers, First National Bank of Three Rivers, $2,531 (x). Ypsilanti, The First National bank of Ypsilanti (conservator) $400,000 (x). Minnesota. Jackson, The Jackson National bank in Jackson (receiver), $17,000. St. James, The Citizens & Security National bank of St. James (receiver), $65,000 (x). South Dakota. Fairfax, The Farmers National bank of Fairfax (receiver), $6,300 (x). Wisconsin. Rosholt, State bank of Rosholt, $6,500. Accounting adjustment in September resulting in an increase in a loan authorization previously reported. Iowa. Boone, City Trust & Savings bank, $175 (x). BUILDING AND LOAN ASSOCIATIONS. South Dakota. Madison, The Madison Building & Loan association of Madison, South Dakota $53,877. INSURANCE COMPANIES. Iowa. Des Moines, Iowa National Fire Insurance company, $45,000 (x). CREDIT UNION. Minnesota. Minneapolis, Franklin Co-operative, $9,738. FEDERAL LAND BANKS. Nebraska, Omaha Federal Land bank of Omaha, $2,000,000. Nebraska, Omaha Federal Land bank of Omaha, $1,000,000. REGIONAL AGRICULTURAL CREDIT CORPORATIONS. Iowa. Sioux City Regional Agricultural Credit corporation of Sioux City, Iowa, $12,29 (x), 35,329 (x), 15,035 (x), 15,321, 27,422, 13,466, 49,319, 32,191, 67,574, 61,086, 80,929, 45,955, 18,050, 53,238, 83,222, 112,025, 21,505, 153,371, and 181,933.