Citizens National Bank (Crosby, ND)

View Charter #10519 on SPMC View balance sheet

Episode Information

Episode UID
1051901481
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
105190 national
Charter Number
10519
Start Date
May 9, 1923
Location
Crosby, North Dakota (48.914, -103.295)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b8046b60fc4060d1

Response Measures

None

Receivership Details

Depositor recovery rate
57.1%
Date receivership started
1923-11-21
Date receivership terminated
1927-04-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
9.3%
Share of assets assessed as doubtful
56.4%
Share of assets assessed as worthless
34.3%

Description

Date of original closure inferred from closed four years ago in 1927 article.

Events (5)
1. April 23, 1914 Chartered
Source
historical_nic
2. May 9, 1923 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership due to insolvency; receiver J. S. Odland wound up affairs
Newspaper Excerpt
the closed Citizens' National bank of Crosby ... which was closed four years ago
Source
newspapers
3. November 21, 1923 Receivership
Source
historical_nic
4. May 8, 1927 Other
Newspaper Excerpt
Burning of the records, files, books and all other accountings of the bank marked the end of the liquidation
Source
newspapers
5. May 8, 1927 Receivership
Newspaper Excerpt
J. S. Odland of Mohall, receiver of the bank ... wound up the details of his receivership pursuant to court order
Source
newspapers

Newspaper Articles (2)
1. May 13, 1927 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, May 13, 1927

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Article Text

Records of Closed Crosby Bank Burned Crosby, N. D., May 9.-Only ashes remain of the hundreds of records of the closed Citizens' National bank of Crosby, the affairs of which have been completely liquidated and the paid. Two truck loads of records from the institution, which was closed four years ago, were hauled to the dump grounds near here, saturated with kerosene and were burned. under the direction of J. S. Odland of Mohall, receiver of the bank.

2. May 13, 1927 The Producers News Plentywood, MT
Article from The Producers News, May 13, 1927

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Article Text

BURN RECORDS OF INSOLVENT CROSBY BANK * * * * * * Crosby, N. D., May 8.-Burning of the records, files, books and all other accountings of the bank marked the end of the liquidation of the insolvent Citizens) National Bank of this city, when J. S. Odland, received, wound up the details of his receivership pursuant to court order. A big truck load of records were destroyed by fire in this manner. The Citizens National Bank was the oldest banking institution in Divide county.