Citizens National Bank - Hankinson, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8084
Charter Number: 8084
Start Date: November 21, 1924
Location: Hankinson, North Dakota (46.070, -96.902)

Metadata

Model: gpt-5-mini
Short Digest: 2f9d9fa9

Response Measures

None

Receivership Details

Depositor recovery rate: 47.6%
Date receivership started: 1924-04-30
Date receivership terminated: 1930-11-01
OCC cause of failure: Economic conditions
Share of assets assessed as good: 23.1%
Share of assets assessed as doubtful: 40.5%
Share of assets assessed as worthless: 36.5%

Description

Article states the Citizens National Bank of Hankinson is closed and a receiver (Elwood Galehouse) is paying creditors a 20% dividend. No mention of a depositor run; the bank is in receivership/closed, so classified as suspension_closure (suspension leading to permanent closure/receivership).

Events (4)

1. February 10, 1906 Chartered

Source: historical_nic

2. April 30, 1924 Receivership

Source: historical_nic

3. November 21, 1924 Receivership

Newspaper Excerpt: it was announced yesterday by Elwood Galehouse, receiver. A dividend of 20 percent will soon be paid on all approved claims against the closed Citizens National bank of Hankinson, it was announced yesterday by Elwood Galehouse, receiver. About $40,000 will be paid. Cash collections on the bank's assets approximate $80,000. The receiver has paid in full secured (excerpt).
Source: newspapers

4. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership (receiver named), indicating closure by regulatory or receiver action.
Newspaper Excerpt: the closed Citizens National bank of Hankinson
Source: newspapers

Newspaper Articles (1)

1. November 21, 1924 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, November 21, 1924

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Article Text

BANK CREDITORS SOON TO GET 20 PERCENT DIVIDEND Hankinson, N. D., Nov. 21.-A dividend of 20 percent will soon be paid on all approved claims against the closed Citizens National bank of Hankinson, it was announced yesterday by Elwood Galehouse, receiver. About $40,000 will be paid. Cash collections on the bank's assets approximate $80,000. The receiver has paid in full secured