Citizens State Bank (Barnesville, MN)

Episode Information

Episode UID
75100671567
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7510067 routing
Routing Number
75-1006
Start Date
July 25, 1930
Location
Barnesville, Minnesota (46.652, -96.420)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bb033d978dcdb19d

Response Measures

None

Events (2)
1. July 25, 1930 Receivership
Newspaper Excerpt
H. Preus, Moorhead, has been appointed receiver for the defunct Citizens State bank here, succeeding N. Bagne
Source
newspapers
2. July 25, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed/failed and paid partial (30%) dividend to depositors indicating insolvency
Newspaper Excerpt
has been appointed receiver for the defunct Citizens State bank
Source
newspapers

Newspaper Articles (2)
1. July 25, 1930 The Forum Fargo, ND
Article from The Forum, July 25, 1930

Click image to open full size in new tab

Article Text

PREUS NAMED BANK RECEIVER C. E. Schindler Opens New Oil Station In Barnesville H. Preus, Moorhead. has been appointed for the defunct Citizens State bank here, succeeding N. Bagne, has been transferred to Chisago Maintaining an office in Moorhead. Mr. Preus has charge also of the closed banks in Its closing. the local bank has paid 30 per cent to depositors. E. has opened which will be known as The store Miss Hazel M. Harrls. Fargo, has been appointed commercial teacher the local high school Rudolph Jorgenson, Minneapolis, has been appointed Merchants and their clerks here been park their rear Barnesville shops Saturday nights. Visitors and have had difficulty finding parkIng places.

2. July 25, 1930 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND
Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, July 25, 1930

Click image to open full size in new tab

Article Text

PREUS NAMED BANK RECEIVER C. E. Schindler Opens New Oil Station In Barnesville Barnesville, Minn., July H. Preus, Moorhead. has been appointed receiver for the defunct Citizens State bank succeeding B. Bagne, has been transferred to Chisago City. Maintaining office in Mr. Preus has charge also of the closed banks in Comstock and Since its the local bank has paid 30 per cent to C. E. Schindler has opened new station here, which will be known as The on store. Miss Hazel M. Harris, Fargo, has teacher the local high Rudolph Jorgenson, Minneapolis, has been ap. pointed principal Merchants and their clerks here have been asked to park their cars in the rear of shops Saturday nights. Visitors and shop pers have had difficulty finding parking places