Citizens State Bank - Flaxton, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 10, 1928
Location: Flaxton, North Dakota (48.899, -102.392)

Metadata

Model: gpt-5-mini
Short Digest: ae6db60e

Response Measures

None

Description

Article (The Bismarck Tribune, 1928-03-10) reports the Citizens State Bank of Flaxton is closed and in the hands of the state receiver; a third dividend is being paid to creditors. No mention of a run; bank is closed and in receivership, so classified as suspension_closure.

Events (1)

1. March 10, 1928 Receivership

Newspaper Excerpt: Payment of a third dividend of 10 per cent to creditors of the Citizens State Bank of Flaxton was announced today by the state receiver of closed banks, bringing the total payment on this bank to 30 per cent. Payment is being made through J. P. Reeve, district manager for the receiver at Burlington. ,cause:null,
Source: newspapers

Newspaper Articles (1)

1. March 10, 1928 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, March 10, 1928

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Article Text

PAYING THIRD DIVIDEND Payment of a third dividend of 10 per cent to creditors of the Citizens State Bank of Flaxton was announced today by the state receiver of closed banks, bringing the total payment on this bank to 30 per cent. Payment is being made through J. P. Reeve, district manager for the receiver at Burlington.