Article names it as Citizens State bank, likely the same institution; receiver appointed.
Events (1)
1.March 12, 1936Receivership
Newspaper Excerpt
Bank Receiver Wabasso-C. Meyer came from northern Minnesota Friday to become receiver of the closed Citizens State bank here. He replaces Anton Kramer.
Source
newspapers
Newspaper Articles (1)
1.March 12, 1936The Redwood GazetteRedwood Falls, MN
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Article Text
Bank Receiver Wabasso-C
Meyer came from northern Minnesota Friday to become receiver of the closed Citizens State bank here. He replaces Anton Kramer.
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.