Anoka National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3000
Charter Number: 3000
Start Date: January 1, 1931*
Location: Anoka, Minnesota (45.198, -93.387)

Metadata

Model: gpt-5-mini
Short Digest: aab62ba1

Response Measures

None

Description

The Anoka National Bank closed in late January 1931 (article 1931-02-03: closed last week and closed due to frozen assets). By March 1934 the bank is explicitly listed as '(receiver)' and received an RFC loan, indicating it did not reopen and was placed in receivership. No article describes a depositor run prior to suspension.

Events (2)

1. January 1, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed because of frozen assets, indicating asset impairment/insolvency rather than rumor or external run.
Newspaper Excerpt: ANOKA BANK DEPOSITORS STUDY LIQUIDATION PLAN in the Anoka National bank. closed last week. ... The bank, which had deposits of $615,000, closed due to frozen assets.
Source: newspapers

2. March 12, 1934 Receivership

Newspaper Excerpt: The Reconstruction Finance corporation announced Monday $864,000 was loaned to Minnesota banks during December, 1933. The loans and banks follow: Anoka National bank (receiver), $20,000; ... (Star Tribune, 1934-03-13).
Source: newspapers

Newspaper Articles (3)

1. February 3, 1931 Star Tribune Minneapolis, MN

Article from Star Tribune, February 3, 1931

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Article Text

ANOKA BANK DEPOSITORS STUDY LIQUIDATION PLAN in the Anoka National bank. closed last week. have organized committee to determine what may be done toward liquidation. A new bank may be organized. spokesmen said. Serv ing on the are August Anderson, W H. Bradley Archie Butt. Daniel Caldwell Will Case, George Peter Charles G. Pease. M. Rodd. L. Stewart and The bank. which had deposits of $615,000 closed due to frozen assets.

2. March 13, 1934 Star Tribune Minneapolis, MN

Article from Star Tribune, March 13, 1934

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Article Text

R.F.C. Loans to City Banks Announced Washington, D.C., March 12.-(P) -The Reconstruction Finance cor. poration announced Monday $864,000 was loaned to Minnesota banks during December, 1933. The loans and banks follow: Anoka National bank (receiver), $20,000; Columbia National Bank of Columbia Heights, $15,000; Farmers & Merchants State bank, Dassel, $100,000; Ellendale State bank, Ellendale (repaid in full), $8,000; First National bank, Frazee (receiver), $30,000; Calhoun State bank, Minneapolis (receiver), $57,000; Harriet State bank. Minneapolis (receiver), $37,000; Penn Avenue State bank, Minneapolis (receiver), $32,000; Twenty Street State bank. Minneapolis (receiver) $40,000; State Bank & Trust Co., Redwood Falls (receiver) $320,000; Citizens State bank, St Paul (receiver), $15,000; Dayton's Bluff State bank. St. Paul (receiver), $150,000; First National of Westbrook (receiver), $40,000.

3. March 16, 1934 St. Cloud Times Saint Cloud, MN

Article from St. Cloud Times, March 16, 1934

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Article Text

RFC Loan to State Banks Announced Washington (AP)-The Recon struction Finance corporation an nounced $864.000 had been loaned to Minnesota banks during December, 1933. The loans and banks follow: Anoka National bank (receiver), $20,000. Columbia National bank of Columbia Heights, $15,000 Farmers and Merchants State bank, Dassel, $100,000 Ellendale State bank, Ellendale, (repaid in full), $8,000. First National bank, Frazee, (receiver), $30,000. Calhoun State bank, Minneapolis, (receiver), Hariett State bank, Minneapolis, (receiver), $37,000. Penn Avenue State bank, Minneapolis, (receiver) $32,000. Twenty sixth Street State bank, Minneapolis, (receiver). $40,000. State Bank and Trust Co., Redwood Falls, (receiver), $320,000. Citizens State bank, St. Paul, $15,000. Dayton's Bluff State bank, St. Paul, (receiver), $150,000. First National bank of Westbrook, (receiver), $40,000.