Citizens State Bank - Barnesville, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 25, 1930
Location: Barnesville, Minnesota (46.652, -96.420)

Metadata

Model: gpt-5-mini
Short Digest: 8eab076b

Response Measures

None

Description

Articles (dated 1930-07-25) report the Citizens State Bank of Barnesville as 'defunct' and that H. Preus was appointed receiver; the bank has paid 30% to depositors. No run is described in the items provided — this is a suspension/closure with receivership.

Events (2)

1. July 25, 1930 Receivership

Newspaper Excerpt: H. Preus, Moorhead, has been appointed receiver for the defunct Citizens State bank here, succeeding N. Bagne ... Mr. Preus has charge also of the closed banks in Comstock ... Since its closing, the local bank has paid 30 per cent to depositors.
Source: newspapers

2. July 25, 1930 Suspension

Cause Details: Article gives no specific trigger (no run or external shock described); bank described as 'defunct' and closed.
Newspaper Excerpt: has been appointed receiver for the defunct Citizens State bank ... Since its closing, the local bank has paid 30 per cent to depositors.
Source: newspapers

Newspaper Articles (2)

1. July 25, 1930 The Forum Fargo, 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.

2. July 25, 1930 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND

Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, July 25, 1930

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Article Text

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