9470. Citizens Bank (Appleton, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 12, 1903
Location
Appleton, Minnesota (45.197, -96.020)

Metadata

Model
gpt-5-mini
Short Digest
81eec11c

Response Measures

None

Description

Newspaper excerpts show the Citizens Bank of Appleton was placed in receivership (C. W. Stanton named receiver) and later the receiver closed out affairs at a court hearing (Nov 11, 1903). No article describes a depositor run; evidence is of closure/receivership. I infer a state-chartered bank from the name but the articles do not explicitly state charter type.

Events (2)

1. June 12, 1903 Other
Newspaper Excerpt
In the matter of the claim of Hans A. Skordal, appellant, vs. C. W. Stanton, as receiver of the Citizens Bank of Appleton, respondent. Order affirmed.
Source
newspapers
2. November 11, 1903 Receivership
Newspaper Excerpt
The affairs of the Citizens Bank at Appleton were practically closed at a hearing before Judge Powers last week. The receiver had collected $42,969.51. The receiver was allowed $3,500 for his services and Hon. E. T. Young $2,500 for legal services.
Source
newspapers

Newspaper Articles (2)

Article from The Minneapolis Journal, June 12, 1903

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Article Text

Contractors Get Money. Bridge contractors in Wright county who sued for the amount of their claims, held up by the county attorney, win their case. It is decided as follows: A. Y. Bayne, doing busines under the firm name of A. Y. Bayne ; Co., respondent, vs. the Board of County Commissioners of Wright County, Minnesota, appellant. First-Held that certain verified claims and demands presented to a board of county commissioners for auditing and allowance were a substantial and sufficient compliance with the raquirements of General Statutes 1894, section 687. Second-By laws of 1899, chapter 192, section 1, boards of county commissioners are authorized to appropriate money for the purpose of building bridges upon public highways in counties, and this includes bridges on town roads. This statute is not inconsistent with the provisions of General Statutes 1894, sections 1847 to 1850, inclusive. Having been given authority to appropriate money for the building of bridges, it is to be inferred that a county board may enter into contracts for such building. Order affirmed. -Collins, J. Other decisions were filed to-day as follows: Swift County. In the matter of the claim of Hans A. Skordal, appellant, vs. C. W. Stanton, as receiver of the Citizens Bank of Appleton, respondent.Order affirmed. Faribault County. Elizabeth Stellmacher, appellant. vs. Charles Bruder, as administrator of the Estate of Ferdinand Stellmacher, deceased, et al, respondents. -Order affirmed. Morrison County. William J. Parker, appellant, vs. Pine Tree Lumber Company, respondent.-Order affirmed. Redwood County. John Barchent, appellant, vs. Alfred P. Selleck, respondent.-Judgment affirmed.


Article from Willmar Tribune, November 11, 1903

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Article Text

The affairs of the citizens Bank a Appleton were practically closed at a hearing before Judge Powers last week. The receiver had collected $42,969.51. The receiver was allowed $3,500 for his services and Hon. E. T. Young $2,500 for legal services.