Citizens State Bank (Argyle, MN)

Episode Information

Episode UID
75133071473
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7513307 routing
Routing Number
75-1330
Start Date
September 1, 1922*
Location
Argyle, Minnesota (48.333, -96.821)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b330875ba2d53b84

Response Measures

None

Description

Closed by the state superintendent and placed in receivership; a subsequent receiver appointment is reported months later.

Events (4)
1. September 1, 1922* Suspension
Cause
Government Action
Cause Details
Closed by the state superintendent of banks (ordered suspension of payments/closure)
Newspaper Excerpt
The Citizens State Bank of Argyle which was closed last week by the superintendent of banks
Source
newspapers
2. September 20, 1922 Receivership
Newspaper Excerpt
The Citizens State Bank of Argyle which was closed last week by the superintendent of banks has been placed in the hands of a receiver. O. L. Melgaard has been appointed receiver, and is now in charge of the bank's affairs and making settlement of its accounts and making settlement of its accounts and making settlement of its accounts.
Source
newspapers
3. March 3, 1923 Receivership
Newspaper Excerpt
Named Bank Receiver ... has been named receiver for the Citizens State bank at Argyle.
Source
newspapers
4. April 11, 1924 Other
Newspaper Excerpt
Oscar Hendrickson, former cashier of the Citizens State bank of Argyle, is on trial charged with grand larceny in the first degree.
Source
newspapers

Newspaper Articles (3)
1. September 20, 1922 Warren Sheaf Warren, MN
Article from Warren Sheaf, September 20, 1922

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Article Text

ARGYLE From the Banner. A carload of North Dakota lignite coal arrived here last Friday and was soon disposed of to buyers anxious to have their bins stocked for the approaching winter. Miss Margaret Meisch went to Kennedy last Saturday to take up her duties as teacher of the 6th and 7th grades of the public schools of that place. Paul Marschalk and son passed thru Argyle last Saturday. Paul was doing a little campaigning for "Marschalk for senator" on the swing through Marshall county on their way to Crookston where his son took the train for Northfield. Wm. Rickell and one of his neighbors were attacked one day last week by an enraged bull belonging to a neighbor and were saved from being gored to death by the interference of a faithful collie dog and the use of a shot gun. Both the men were somewhat bruised up. The bull has already gone to the South St. Paul market. T. J. Imsdahl and family are here visiting at the home of Mr. and Mrs. Wm. Menzel, parents of Mrs. Imsdahl. Mr. Imsdahl recently resigned as manager of a co-operative store at Bruce, Wis., and has accepted a position as traveling salesman for a manufacturing concern. Miss Gladys Menzel who was clerking in the store managed by Mr. Imsdahl at Bruce returned home with them. Miss Adele Melgaard returned home last Thursday from a trip to Europe on which she spent most of the summer. She states that their party was royally entertained everywhere they went; they saw much wonderful scenery and had a grand trip throughout. Miss Melgaard left Tuesday for Wenatchee, Wash., to teach this term in the public schools of that city. Miss Marie Melgaard, who also made the European trip, stopped at New York. The Citizens State Bank of Argyle which was closed last week by the superintendent of banks has been placed in the hands of a receiver. O. L. Melgaard has been appointed receiver, and is now in charge of the bank's affairs and making settlement of its accounts.

2. March 4, 1923 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, March 4, 1923

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Article Text

Reading Club in Own Rooms. The Workers' Reading club which started its collection of books with 5 volumes a few years ago, and which now has a library of more than 15,000 volumes, has moved into a building which was recently purchased by the organization in Noerre Soegade, Copenhagen. The society has 2,000 members who all belong to organized labor unions; in the new building are large reading rooms, and members may read their favorite books either there or at their own homes if they so prefer. SHOW AT RUGBY Rugby, N. D., Mar. 3.—A successful crop show was held at the local potato warehouse here today. A fair number of exhibits were entered by interested farmers and liberal cash prizes were awarded. Corn, wheat, potatoes, flax and sweet clover seed. An institute was held in connection with the show and several agricultural experts gave short addresses. NAMED BANK RECEIVER Argyle, Minn., Mar. 3.—Mayor John Bratrud of Thief River Falls who has been receiver for the State Bank of Holt, closed some time ago by order of the state banking department, has been named receiver for the Citizens State bank at Argyle. WALKS 30 MILES IN SNOW Minnewaukon, N. D., Mar. 3.—Told over the phone of his father's illness, Elmer Martinson, student at Fargo, took the train to the nearest point to Minnewaukon where trains were running and then walked the remaining 30 miles, fearing that his father who had suffered a paralytic stroke, might be dead before he arrived. He found his father alive and recovering. The trip on foot was made through heavy snow immediately following the big blizzard.

3. April 11, 1924 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, April 11, 1924

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Article Text

MACDONALD'S DRESS REASSURES BRITAIN Sports Suit and Reports That Premier Plays Good Game of Golf Banish Fears By Associated Press. London—Perhaps there is no country where clothes come nearer to making the man than in England. That may explain why commentators on current events and world problems give such close scrutiny to the photographs of Prime Minister MacDonald as they appear from day to day in the newspapers. A year ago, when Stanley Baldwin took up the burden of the prime minister, he received a "good press," as the British call it. Even papers of another political complexion were cordial to him, and they all seemed to rejoice that he raised pigs on his farm and smoked a briar pipe. Add to this picture his gates-ajar collar, with the expansive four-in-hand knot, and there was a steady, sound English gentleman and a conservative. No doubt about it. Then labor came in, a political innovation, and the home Briton wondered what would change and how much. Mr. MacDonald went to Buckingham palace to receive from the king his appointment as prime minister. He wore the traditional top hat, silky and shining. This brought sighs of relief from many a frightened bosom. Then a few days later he went to the country for a weekend, and wore a sports suit with knickerbockers. There they were, the next morning, pictured in all the papers. That was proof of the pudding, the good old British plum pudding. Mr. MacDonald was at bottom a Britisher, first and last, even if some of his party members did sing the "Internationale" at their meetings instead of "God Save the King." And, as though some further "proof" were wanted that the country was safe, someone started the story that the labor leader played such a keen game of golf that his handicap was only seven. England would never go to the bolshevik bowwows as long as she had a man in No. 10 Downing street who had got his golf game almost down to bogey! SUICIDE IS IDENTIFIED Crookston, Minn., April 11.—The man who committed suicide in a hotel here Tuesday afternoon, registered as J. J. Mattson of Minot, N. D., was identified today as Elmer Flugskvan, living on a farm near Adams, N. D. Identification was made by a cousin, Louis Flugskvan. The latter declared the dead man had intended to go to Minneapolis for medical treatment and probably took his life here after becoming despondent over his condition. CASHIER ON TRIAL FOR LARCENY Warren, Minn., April 11.—Oscar Hendrickson, former cashier of the Citizens State bank of Argyle, is on trial charged with grand larceny in the first degree. It is charged that Hendrickson, while cashier of the Argyle bank, which later closed, received $1,200 from one party through a real estate transaction which he kept instead of paying it to the other party of the transaction. BANK RECEIVER NOMED Plentywood, Mont., April 11.—R. S. McGraw, former state bank examiner, has been appointed receiver of the First National bank of Plentywood, which closed a few days ago. Mr. McGraw has just returned from Washington, where he was engaged in work for the War Finance corporation.