12651. Citizens Bank (Walhalla, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 4, 1930
Location
Walhalla, North Dakota (48.923, -97.918)

Metadata

Model
gpt-5-mini
Short Digest
b978c6d8

Response Measures

None

Description

Newspaper items (Jan 4, 1930) report the Citizens Bank of Walhalla as 'closed' with L. R. Baird named receiver and a 10% dividend being paid to depositors. No article mentions a run; the bank is in receivership (government action), so classified as suspension leading to permanent closure/receivership.

Events (2)
1. January 4, 1930 Receivership
Newspaper Excerpt
Payment of a dividend of 10 per cent to depositors of the closed Citizens Bank of Walhalla ... has been announced by L. R. Baird, receiver. C. W. Conroy, district manager at Devils Lake, is making the payments.
Source
newspapers
2. January 4, 1930 Suspension
Cause
Government Action
Cause Details
Bank is closed and placed in receivership (receiver L. R. Baird) resulting in suspension of operations.
Newspaper Excerpt
Payment of a dividend of 10 per cent to depositors of the closed Citizens bank of Walhalla, Pembina county, has been announced by L. R. Baird, receiver.
Source
newspapers

Newspaper Articles (2)
1. January 4, 1930 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 4, 1930

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Article Text

WALHALLA BANK PAYS Payment of a dividend of 10 per cent to depositors of the closed Citizens bank of Walhalla, Pembina county, has been announced by L. R. Baird. receiver. C. W. Conroy, district manager at Devils Lake, is making the payments.

2. January 4, 1930 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 4, 1930

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Article Text

10 Per Cent Dividend Is Given Depositors Of Bank at Walhalla Payment of a dividend of 10 per cent to depositors of the closed Citizens Bank of Walhalla, Pembina county, has been announced by L. R. Baird, receiver. C. W. Conroy, district manager at Devils Lake, is making the payments.