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Cambridge Bank Closes. The state banking board has taken possession of the Citizen's State bank of Cambridge. Examiner Wilson took possession of the bank, Monday, and on Tuesday the state board authorized the attorney general to apply to the district court for the appointment of a receiver. The cause of the failure is said to have been too much poor paper. The bank has a capital stock of $12,500. The report of the bank on March I2 showed that the deposits were $39,393.71, and the loans and discounts amounted to $38,595 99. Frank Bagwill is the president of the bank and S.C. Simonds is the cashier. This is the first bank failure in the state this year. Last year, only one state bank failed and it had a capital stock of only $5,000.-Journal.