gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bb033d978dcdb19d
Response Measures
None
Events (2)
1.July 25, 1930Receivership
Newspaper Excerpt
H. Preus, Moorhead, has been appointed receiver for the defunct Citizens State bank here, succeeding N. Bagne
Source
newspapers
2.July 25, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed/failed and paid partial (30%) dividend to depositors indicating insolvency
Newspaper Excerpt
has been appointed receiver for the defunct Citizens State bank
Source
newspapers
Newspaper Articles (2)
1.July 25, 1930The ForumFargo, ND
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Article Text
PREUS NAMED BANK RECEIVER
C. E. Schindler Opens New Oil Station In Barnesville
H. Preus, Moorhead. has been appointed for the defunct Citizens State bank here, succeeding N. Bagne, has been transferred to Chisago Maintaining an office in Moorhead. Mr. Preus has charge also of the closed banks in Its closing. the local bank has paid 30 per cent to depositors. E. has opened which will be known as The store
Miss Hazel M. Harrls. Fargo, has been appointed commercial teacher the local high school Rudolph Jorgenson, Minneapolis, has been appointed
Merchants and their clerks here been park their rear Barnesville shops Saturday nights. Visitors and have had difficulty finding parkIng places.
PREUS NAMED BANK RECEIVER
C. E. Schindler Opens New Oil Station In Barnesville
Barnesville, Minn., July H. Preus, Moorhead. has been appointed receiver for the defunct Citizens State bank succeeding B. Bagne, has been transferred to Chisago City. Maintaining office in Mr. Preus has charge also of the closed banks in Comstock and Since its the local bank has paid 30 per cent to
C. E. Schindler has opened new station here, which will be known as The on store.
Miss Hazel M. Harris, Fargo, has teacher the local high Rudolph Jorgenson, Minneapolis, has been ap. pointed principal
Merchants and their clerks here have been asked to park their cars in the rear of shops Saturday nights. Visitors and shop pers have had difficulty finding parking places
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
