Citizens State Bank (Ambrose, ND)

Episode Information

Episode UID
1744183991581
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
174418399 hash
Start Date
September 1, 1931*
Location
Ambrose, North Dakota (48.954, -103.483)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d857fea0998bb50c

Response Measures

None

Description

Closure occurred in fall 1931; exact month/day not given.

Events (3)
1. September 1, 1931* Suspension
Cause
Government Action
Cause Details
Closed and placed in receivership by state receiver (fall 1931).
Newspaper Excerpt
The bank was closed in the fall of 1931.
Source
newspapers
2. August 6, 1932 Receivership
Newspaper Excerpt
Depositors of the Citizens State Bank of Ambrose are receiving a dividend of five per cent through the office of J. P. Reeve, district manager at Burlington, it was announced Saturday by L. R. Baird, receiver of state banks.
Source
newspapers
3. June 28, 1933 Receivership
Newspaper Excerpt
A dividend of five per cent is being paid depositors in the closed Citizens State bank at Ambrose, making a total of 30 per cent which has been paid, it was announced today by J. P. Reeve, Burlington, district manager for the state receiver of closed banks.
Source
newspapers

Newspaper Articles (2)
1. August 6, 1932 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, August 6, 1932

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Article Text

# DEPOSITORS GET DIVIDEND Depositors of the Citizens State Bank of Ambrose are receiving a dividend of five per cent through the office of J. P. Reeve, district manager at Burlington, it was announced Saturday by L. R. Baird, receiver of state banks. The payment makes total dividends of 25 per cent paid by this bank, Baird said.

2. June 29, 1933 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 29, 1933

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Article Text

PAYING BANK DIVIDEND Minot, N. D., June 28.-(P)-A dividend of five per cent is being paid depositors in the closed Citizens State bank at Ambrose, making a total of 30 per cent which has been paid, it was announced today by J. P. Reeve, Burlington, district manager for the state receiver of closed banks. The bank was closed in the fall of 1931.