10676. Citizens State Bank (Ambrose, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1931*
Location
Ambrose, North Dakota (48.954, -103.483)

Metadata

Model
gpt-5-mini
Short Digest
925b3626452927f9

Response Measures

None

Description

Articles state the Citizens State Bank of Ambrose was closed in the fall of 1931 and a state receiver (L. R. Baird) administered dividends in 1932 and 1933. No newspaper text describes a depositor run; the bank was closed and placed in receivership, with dividends paid later.

Events (3)
1. September 1, 1931* Suspension
Cause
Government Action
Cause Details
Closed in fall 1931 and placed under the state receiver of closed banks (receiver involvement noted).
Newspaper Excerpt
The bank was closed in the fall of 1931.
Source
newspapers
2. August 6, 1932 Receivership
Newspaper Excerpt
Depositors of the Citizens State Bank of Ambrose are receiving a dividend of five per cent ... L. R. Baird, receiver of state banks.
Source
newspapers
3. June 28, 1933 Receivership
Newspaper Excerpt
A dividend of five per cent is being paid depositors in the closed Citizens State bank at Ambrose ... it was announced today by J. P. Reeve, ... district manager for the state receiver of closed banks.
Source
newspapers

Newspaper Articles (2)
1. August 6, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, August 6, 1932

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Article Text

# DEPOSITORS GET DIVIDEND Depositors of the Citizens State Bank of Ambrose are receiving a dividend of five per cent through the office of J. P. Reeve, district manager at Burlington, it was announced Saturday by L. R. Baird, receiver of state banks. The payment makes total dividends of 25 per cent paid by this bank, Baird said.

2. June 29, 1933 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 29, 1933

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Article Text

PAYING BANK DIVIDEND Minot, N. D., June 28.-(P)-A dividend of five per cent is being paid depositors in the closed Citizens State bank at Ambrose, making a total of 30 per cent which has been paid, it was announced today by J. P. Reeve, Burlington, district manager for the state receiver of closed banks. The bank was closed in the fall of 1931.