12195. Citizens Bank (Drayton, ND)

Article (Bismarck Tribune, 1931-02-07) reports that L. R. Baird, receiver of closed banks, announced a 5% dividend for depositors of the Citizens Bank of Drayton and payments are being made through the district manager. This indicates the bank was closed and in receivership. The brief extract does not explicitly describe an earlier run or the exact suspension date, but the assignment of a receiver and dividend payment implies the bank suspended and was closed permanently. I therefore classify as suspension_closure. 'State' chosen for bank_type because the name lacks 'National' or 'Trust' and historically such 'Citizens Bank' institutions were typically state banks; if uncertain, 'unknown' could be used.