Citizens State Bank - Flaxton, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 6, 1930
Location: Flaxton, North Dakota (48.899, -102.392)

Metadata

Model: gpt-5-mini
Short Digest: 3534aed6

Response Measures

None

Description

Article (The Bismarck Tribune, 1930-01-06) reports the receiver of closed state banks paying dividends to depositors of Citizens State Bank of Flaxton. Indicates the bank previously suspended/closed and is in receivership; no run is mentioned.

Events (1)

1. January 6, 1930 Receivership

Newspaper Excerpt: A 10 per cent dividend is being paid by the receiver of closed state banks to depositors of the Citizens State Bank of Flaxton, making a total of 40 per cent paid to them.
Source: newspapers

Newspaper Articles (1)

1. January 6, 1930 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 6, 1930

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Article Text

FLAXTON BANK PAYS 10 P. C. A 10 per cent dividend is being paid by the receiver of closed state banks to depositors of the Citizens State Bank of Flaxton, making a total of 40 per cent paid to them. Payment is being made through J. P. Reeve, district manager for the receiver at Burlington.