Citizens State Bank - Slayton, MN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 19, 1926
Location: Slayton, Minnesota (43.988, -95.756)

Metadata

Model: gpt-5-mini
Short Digest: c67c2089

Response Measures

None

Description

Article (Sioux City Journal, 1926-06-19) reports the Citizens State Bank of Slayton is 'defunct' with a receiver appointed by the state superintendent of banks and depositors planning a meeting; it states there is probability the bank will reopen soon. No run or depositor panic is described — this is a suspension with planned reopening.

Events (2)

1. June 19, 1926 Suspension

Cause: Government Action
Cause Details: Bank was closed and a receiver appointed by the state superintendent of banks (state action leading to suspension).
Newspaper Excerpt: DEPOSITORS MAKING PLANS TO OPEN DEFUNCT BANK Slayton, Minn., June committee depositors the Citi. zens State bank, which short time the bank and company the bank's receiver the state superintendent of banks that probability that the bank will reopen in short time.
Source: newspapers

2. * Reopening

Newspaper Excerpt: committee depositors the Citizens State bank ... that probability that the bank will reopen in short time. meeting of all depositors is to be held soon definite plan will then adopted. (reported 1926-06-19).
Source: newspapers

Newspaper Articles (1)

1. June 19, 1926 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, June 19, 1926

Click image to open full size in new tab

Article Text

SHIPPING Speaker Urges Tidewater Project but Condemns Water Diversion. Duluth, Minn., June toration great lakes level and struction the great rence tidewater project urged the Chicago project condemned by William Bruce, Milwaukee, president of the Great Lakes Harbors association of the United and Canada, in an address the Minnesota Association of Secretaries inland as the great said Bruce, stitute today most inland waterway in the world. They greater annually than carried across Atlantic between States and Europe. total tonnage than that of the port New York. The tonnage of New York tons; tons. The total lake exceeds the mark. the great lakes lower feet than they have before. larger part of this been lowering be assigned natural and the denuding forests. But good fraction the the water That an established fact. The best way begin the restoration of lake levels be to stop the tapping Chicago. Chicago diversion not only injury the great lakes but the interests. That beautiful stream for distance of 200 miles has been turned into an open sewer. The effect of river pollution tion fish industry which and ruined fresh pearl dustry year. has made mer housing on the river banks un- MERCHANTS MEET TO DISCUSS TRADE AFFAIRS Pipestone, Minn., June Forty hardware dealers this section of Minnesota and eastern South Dakota met here and talked over subjects general interest to the trade. Steinke, this presided the gathering, which opened with banquet session. Edward of Minneapolis, represented the state hardware dealassociation meeting. feature by Wieger, of Pipestone, on trade and conditions connected with the business entered 52 years ago. Wieger connected with hardhere. DEPOSITORS MAKING PLANS TO OPEN DEFUNCT BANK Slayton, Minn., June committee depositors the Citi. zens State bank, which short time the bank and company the bank's receiver the state superintendent of banks that probability that the bank will reopen in short time. meeting of all depositors is to be held soon definite plant will then adopted.