Citizens State Bank - Ambrose, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 2, 1935
Location: Ambrose, North Dakota (48.954, -103.483)

Metadata

Model: gpt-5-mini
Short Digest: 64aec830

Response Measures

None

Description

Article (Apr 2, 1935) reports Citizens State Bank of Ambrose as one of three closed banks with the state receiver (L.R. Baird) ordering a 5% dividend to depositors. No mention of a depositor run; bank is in receivership and remains closed.

Events (1)

1. April 2, 1935 Receivership

Newspaper Excerpt: Depositors in the Citizens State Bank of Ambrose ... are to receive 5 per cent dividends. ... being made through the offices of J. P. Reeve, Burlington, district manager for the state receiver.
Source: newspapers

Newspaper Articles (1)

1. April 2, 1935 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, April 2, 1935

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Article Text

Three Closed Banks Will Pay Dividends Minot, N. D., April 2.-(P)-Depositors in three closed banks in northwestern North Dakota are to receive dividends at once upon order of L. R Baird, state receiver of closed banks. Depositors in the Farmers Stat Bank of Battleview are to receive a 30 per cent dividend, making a total of 60 per cent in dividends which have been paid. Depositors in the Citizens State Bank of Ambrose and in the Bank of Stanley are to receive 5 per cent dividends. This makes a total of 35 per cent in dividends which have been paid by both banks. The payments of the dividends are being made through the offices of J. P. Reeve, Burlington, district manager for the state receiver.