3411. Citizens State Bank (Eagle Grove, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 2, 1929
Location
Eagle Grove, Iowa (42.664, -93.904)

Metadata

Model
gpt-5-mini
Short Digest
578030c6

Response Measures

None

Description

Articles (Oct 1929–Mar 1930) refer to the bank as 'defunct' and a receiver selling bank property. No run is described. The bank was placed in receivership (government action) and assets were being sold, indicating permanent closure.

Events (3)

1. October 2, 1929 Receivership
Newspaper Excerpt
CLARION, Oct. 2. Charles Kelly, receiver for the defunct Citizens State bank of Eagle Grove, sold the Atwood farm of 160 acres... the farm bringing a bid of $19,300.
Source
newspapers
2. March 23, 1930 Other
Newspaper Excerpt
Bank Receiver Sells Eagle Grove Property ... sold by the receiver of the defunct Citizens State bank to Gordon Paine for approximately $110 an acre.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and described as 'defunct' in contemporary newspaper accounts.
Newspaper Excerpt
receiver for the defunct Citizens State bank of Eagle Grove
Source
newspapers

Newspaper Articles (4)

Article from Globe-Gazette, October 2, 1929

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Article Text

Farm Brings $19,300. CLARION, Oct. 2. Charles Kelly, receiver for the defunct Citizens State bank of Eagle Grove, sold the Atwood farm of 160 acres, four miles north of Clarion, at auction Tuesday, the farm bringing a bid of $19,300. Henry Odlund, farmer near Clarion, was the high bidder.


Article from The Austin Daily Herald, October 4, 1929

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Article Text

Bank Receiver Sells Farm receiver for the defunct Citizens State bank of Eagle Grove, sold the Atwood farm of 160 acres. four miles north of Clarion. at auction The farm brought a bid of $19,300 given by Henry Odlund.


Article from The Des Moines Register, March 23, 1930

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Article Text

Bank Receiver Sells Eagle Grove Property Special News EAGLE north of the acre piece of ground city, known as the Davidson tract. been sold by the has State bank to the defunct Citizens Gordon Paine for approximately This is considered per acre. the piece has no The former W. in the south of the city was sold the same part day to John S. Paine.


Article from The Sioux City Journal, March 24, 1930

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Article Text

HEN CACKLES AT DOOR; LAYS EGGS IN HOUSE Roswell, Mrs. Irwin, Roswell, an "educated" which knows that is safest her eggs place. The hen comes the door and asks be let in and hunts nest in the house. After she lays the egg, the hen last cackles loudly until receives food, when she rejoins the flock. This hen believes egg every day enough, but sets three times each raises three broods of chicks. The hen is years Bank Receiver Sells Land Eagle. Grove, nere piece ground, north the city, known as Davidson tract, THE TALK OF sold by the receiver of the funct Citizens State bank to Gordon Paine for approximately $110 an This considered fair price, the land has no improvements. Plant Churns Much Butter Mapleton, Ia.-Special: The MaValley creamery, opened here set new daily record when 1,520 pounds of butter churned in day. The plant equipped to handle 400,000 pounds annually. Cardboard frames, made to resemble lumbering tanks and mounted on blcycles recently used in