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421.11-6 - Bank Suspensions Since Jan 1 1921
Nonmember State Banks Minnesota J-N
Committee on Branch Group & Chain Banking

#874

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

X] State bank
• Trust company
• Stock savings bank
O

Mutual savings bank

Minne sota

O Private bank

•
1. Name of bank_______Farillezz_at'at P Rqnk

2. Date organized

10-2-09

Date suspended__

3. Federal reserve district

Town or City

Jasper

County

8-15-25 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Pi.pestone
1000

8-15-25

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 266,863.60

Total loans and discounts
Real estate acquired in satisfaction of debts

MOM

Investments

•I•1•• MM.IMMO

ti 3L-Y.

t 37,786.19
3C4,C40.72313,01V-

All other resources
Total resources

$30,000.00

Capital

5 000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$86,187.13

Time deposits, including postal savings

158,552.97
244,740.10

Total deposits
Borrowings from F. R. bank

4100 OM,.M." MOP

33,272.40

Borrowings from other banks
All other liabilities

IMMIr

313,012.50

Total liabilities
7. Has this bank been reopened?
Date of reopening
Name under which reopened
Loss to depositors on:

Yee

If so give:

111225
-the same
Amount of loss

Secured claims

None

Preferred claims

None

General claims

.1•1.1>

Per cent of loss
to claims
411•M 111.1...,

••••

mom

65%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




er

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. ...
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Dqp;eted reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#1062

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[31 State bank
O Trust company

O Stock savings bank
O

Mutual savings bank

o

Private bank

Minnesota

•
1. Name of bank

Jenkins State Bank

2. Date organized

10-30-13

Date suspended

3. Federal reserve district

Town or City

-17-27

Jenkins

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Crow Wing

150

6. Condition figures, as of (date*)

3-17-27

Loans and discounts:
On real estate
Other

$ 55,117.39

Total loans and discounts

10,816.41

Real estate acquired in satisfaction of debts

,\ 6,091.60

Investments

9,164.86

All other resources

”1,190.26

Total resources

$10,000.00

Capital

MOM ••••.1.10 MOP

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

38,602.15

Time deposits, including postal savings

22,501.81
$ 61,103.96

Total deposits

Aft. ram .11.11,41•10

Borrowings from F. R. bank

7,499.59

Borrowings from other banks

(1,600.00

All other liabilities

$?0,303:&&

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened___
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




-

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

__
^,!
Secured claims. .\7--

7,765- 89 $7,765- 89
4,835.92 4,835.92

Payments from
ZiaXIGIDSratIMM

_- Bills Pay.
Total claims. . .

--a:s

7,765.89

100%

0-

43 835.92

100%

/1--

15 111.91

,,- .•

u--

7I7 I q.

:

•C `f

r
,

Per cent of payments
to claims allowed

collat era
& advanceCr

Preferred claims. (71--.
Q.
43 133.88 15 3 111.91
General claims. .

--

Total payments

f011:11—
1C

•

.F.

35

----

,

(,,,

,

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Laak_of_resarve.. . poQz_paper

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

50% - $5,000 - 12-14-23
Paid 6-4-241A
50% - $5,000 - 6-24-25
Paid $4,900 - 12-23-25
35% - $3 sbo
12-29-25
Paid '3-14-26
50% - $5,000 - 6-29-26
Piid 6-1-27
Statutory pssessment 410 Ou4 Asseosme t ordered 12 5




•

#469

FEDERAL RESERVE COMMITTEE ON
BRANCII, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
,

Li National bank
EXI State bank

Name of State

O Trust company
O Stock savings bank
O

Mutual savings bank

O

Private bank

Minne sofa

1. Name of bank

Farmers State Bank

Town or City

Kandiyohi

2. Date organized

3-15-04

2-14-25

Population of town or city*

Date suspended

3. Federal reserve district

county_Kandiyohi

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




184

6. Condition figures, as of (date*)

2 14-25

Loans and discounts:
On real estate
Other

190,874.75

Total loans and discounts

13,236.49

Real estate acquired in satisfaction of debts•

N

Investments

28,016.67

All other resources

t232,127.91

Total resources

$15,000.00

Capital

5,000,00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

$50,227.69

Time deposits, including postal savings

160,410.32
$ 210,638.01

Total deposits
Borrowings from F. R. bank

••••

Borrowings from other banks

M.

...O..=

All other liabilities

216,G38.0-1—.
7
,
3-k,
ql

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . . $1,085- 38

$1,085.38

General claims. . ..198,001.9'.
4. o:
Total claims. . $

69,345.95

100/_____

69,345.95

35%
.5 S. 14

.

'7,A •lij-2/

10. Has this bank been finally liquidated?
Date liquidation was completed

$1,085.38

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
. Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended

No

If so, give dates and amounts of all assessments

Statutory assessment $15,000; Assessment ordered 10-15-25




•

#1158'

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[X] State bank

P Trust company
O Stock savings bank
El

Mutual savings bank

Minnesota

O Private bank

•
Karlstad

1. Name of bank

Farmers State Bank

Town or City

2. Date organized

3-3-15

12-17-23 Population of town or city*

Date suspended

3. Federal reserve district

County

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson

360

6. Condition figures, as of (date*)

12-17-23

Loans and discounts:
On real estate
Other

$ 152,516.93

Total loans and discounts
Real estate acquired in satisfaction of debts

7,881.47

Investments

2,000.00

All other resources

.1/1'
$135,653.1501/
"

Total resources

$10,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

$19,091.94

Time deposits, including postal savings

107,892.39
$

Total deposits

126,984.33

Borrowings from F. R. bank

26,805.93 •

Borrowings from other banks

$1a790.26

All other liabilities
Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

b .'NMI.

Per cent of payments
to claims allowed

Total payments

a.vance

$1,956.3.'

$1,956.32

Preferred claims. .

1,327.6.'

1)327.62

General claims. . .

122,818.83
26,8O59;

Secured claims. . ..

1-Bills Pay.
Total claims. . 1.

1 9 6.
_

12,277.40
__
,,
7,26,805.93

I.'

7

100%

04

4

a.

3Q 805 9•
—

10. Has this bank been finally liquidated?
Date liquidation was completed

100%

10%
10
1 D.3

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total conections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. ..
General claims
Total claims.. . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reaerve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000, Assessment ordered 6-4-25




•

#1158

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank
Name of State

a State bank
E] Trust company
• Stock savings bank
El

Mutual savings bank

Minnesota

O Private bank-

•
1. Name of bank Farmers State Bank

2. Date organized

3-3-15

Town or City

County

Population of town or city*

Date suspended

3. Federal reserve district

Karlstad

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson

360

2-9-23

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$

Total loans and discounts

173,482.75

Real estate acquired in satisfaction of debts

6,816.93

Investments

2,000.00

All other resources

4,025.35
$186,325.03

Total resources

$10,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

31,574.34

Demand deposits, including U. S. Govt. deposits

103,605.05

Time deposits, including postal savings

$ 135,179.39

Total deposits
Borrowings from F. R. bank
Borrowings from other banks

22,000.0041
/44/4

All other liabilities

03
$15-7,170.3944,3-Kr

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

If so give:

6-28-23

Name under which reopened
Loss to depositors on:

the same
Amount of loss

Secured claims

None

Preferred claims

None

Per cent of loss
to claims

General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. .
General claims. . . .
Total claims. . . .

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Fro.zen asset.s

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended'

A

ri .41111.•




A-4194111

No

If so, give dates and amounts of all assessments

ifat•

/j_15%

2.
4
)

•

#567

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

gj State bank
o Trust company
O Stock savings bank

o Mutual savings bank

o

Mtnnesota

Private bank

•
1. NameofbankState Bank of Karlstad

2. Date organized

5-27-05

Date suspended

3. Federal reserve district

Town or City

Karlstad.

County

11-21-28 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson
360

6. Condition figures, as of (date*)

11-21-28

Loans and discounts:
On real estate
Other
$ 85,310.96

Total loans and discounts

34,528.06

Real estate acquired in satisfaction of debts

•••••••••••..

Investments
/I li

•

111 62
7,.

All other resources

12C,

Total resources

C4 0403-/I

$10)000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$33,021.24

62,128.61
$ 95,149.85

Total deposits
Borrowings from F. R. bank

20,029.06

Borrowings from other banks

OM.

•

All other liabilities

$10,178.91

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Secured claims. . . .
Preferred claims. . . 161529•3
General claims. .. . 77 I 260.0

Pay-- —201029-4-0
Total claims. ..:4, 113,818.5

.-01BillS-- .

r

5,752.00
v ,

.... _ , . zr.
6.:,9` 6-.9- ,

._,. ..,„

10. Has this bank been finally liquidated?

Per cent of payments
to claims allowed

.

35%

05,752.00

s., 85..18- — - 8T4s6- ,

-r',7t-f-t)'

'(--1V-hki'l

Total payments

1

:-.78
j., r,

-,

...„
-.-. .J-

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Deplted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

Rtatutory assessment




NO

If so, give dates and amounts of all assessments

10,000; Assessment ordered 1-29-29

•

#710

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[3 State bank

O Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

Citizens State Bank

2. Date organized 11-11-07

3. Federal reserve district

Date suspended

Town or City

12-10-23

7

Kennedy

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson
400

6. Condition figures, as of (date*)

12-10-23

Loans and discounts:
On real estate
Other.
$

Total loans and discounts

215,551.28
3,770.51

Real estate acquired in satisfaction of debts

500.00

Investments

4.0.4.11
0.61097.57

All other resources

$2-5575-1973€1qP,

Total resources

8252000.00

Capital

8,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$
)

$21,371.69
99,550.90
$

Total deposits
Borrowings from F. R. bank

=OP OEM

OEM

87,505.31

Borrowings from other banks

•

55.73

All other liabilities

483.63

Total liabilities
7. Has this bank been reopened?

120,922.59

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
"Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

Yes

9. Is this bank still in process of liquidation?

(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from

altintaxfeltinI
collateral
advance

Total payments

Per cent of payments
to claims allowed

Secured claims. . .
Preferred claims. . $6)102.63

„--

$5,265.30

$5,265.30

86%
---

G
Total claims__$.' 0 ••e

. ' - • ". .--

10. Has this bank been finally liquidated?
Date liquidation was completed

,. .,..- ..r..4....=.- •

- -77-7-1 — - ' e.-;.....tr',
0 '

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserfe

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment 05,000, Assessment ordered 6-24-25




•

7
-1
4 - 378

FEDERAL RESERVE COMMITTEE ON
BRANCH', GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank

[X

State bank

O
O
O
O

Trust company

Name of State

Stock savings bank
Mutual savings bank

Minnesota

Private bank

•
1. Name of bank Farmers State Bank

2. Date organized

7-25-02

Date suspended

Town or City Kennedy

6-4-27

3. Federal reserve district

County Kit tson

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

---

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




400

6. Condition figures, as of (date*)

6-4-27

Loans and discounts:

•

On real estate
Other

$ 200,528.97
21,759.93

Total loans and discounts
Real estate acquired in satisfaction of debts
Investments

/ 7-4
(12,089.29

All other resources

$23,t aiL8-7-1-9 3 CL.37

Total resources

S25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

35,291.72
146,333.35
$ 181,625.07

Total deposits

••••• 01= ,11.M.

Borrowings from F. R. bank

24,044.30

Borrowings from other banks

4)5,669.37

Total liabilities
7. Has this bank been reopened?

•

4•1110.....••••=m

All other liabilities

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
gittateerAugth

Total payments

Per cent of payments
to claims allowed

collateral
Secured claims. . .

Gr

Preferred claims. . $12,825.0. $12,825.02

Gen

34,808.34

GenerAl cjaimB_. .. . 174 G28.3
Total claims.

$12,825.02

tr
,ifi bitItT9

34,808.34
24,044.30

$245044
- 30
.

n.

761t7)-t
,

I $ .5:j, 2,2)

100%
20-

i-it,-.497

L-11 t3&

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments
_

Secured claims
Preferred claims...
General claims
Total claims




Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Lack of reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000j Assessment ordered 11-24-27




or

#829

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

320

• National bank

IN
O
O
O
O

Name of State

State bank
Trust company
Stock savings bank
Mutual savings bank

Minnesota

Private bank

•
1. Name of bank

2. Date organized

Kinbrae State Bank
9--8
1 0

Date suspended_

3. Federal reserve district

Town or City

Kinbrae

County

112230
-Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Nobles

150

6. Condition figures, as of (date*)

11-22-30

Loans and discounts:
On real estate
•

Other

$

Total loans and discounts

40,554.09

Real estate acquired in satisfaction of debts

11,700.00

Investments

13,150.40
(6120.14

All other resources

$71,5184.6T373,770h4

Total resources

$10,000.00

Capital

2,500.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

11,286.13

Time deposits, including postal savings

43,984.51
$

Total deposits
Borrowings from F. R. bank

comp •••• dm.OM,

6,000.00

Borrowings from other banks
All other liabilities

MED411111•/MD

70.64

Total liabilities
7. Has this bank been reopened?

55,270.64

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give;

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

•

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Claims not passed upon

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

..._

Secured claims
Preferred claims. ..
General claims. .
Total claims

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those • of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Poor paper and lack of reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension'
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended'

Yes

100'; — Ni10,000 — 8-1—L,
)8

If so, give dates and amounts of all assessments

Paio. 1-10-29

S-Latutorv assessment $10,000; Assessment ordered




1-9-31

•

#287

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Ca State bank
E]

Trust company

O Stock savings bank

O Mutual savings bank
O Private bank

•
1. Name of ban

Becker County State Bank Town or City

2. Date organized

11-22-1899Date suspended 7-7-26

3. Federal reserve district

Lake laxit_county Becker

Population of town or city

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




000

6. Condition figures, as of (date*)

7-7-26

Loans and discounts:
On real estate
Other

$ 308,053.90

Total loans and discounts

95,973.45

Real estate acquired in satisfaction of debts

8,026.31

Investments

L111,'gEta•

All other resources

$431. 1 602,1-81433,q rr,011

Total resources

$25,000.00

Capital

25,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits.
Time deposits, including postal savings

)

$123,452.49
236,459.59
$

Total deposits

ma..1.10 am MID

Borrowings from F. R. bank

, 24,000.00

Borrowings from other banks
All other liabilities

•

41.1M WOO WM MIRO

L%63,912.08

Total liabilities
7. Has this bank been reopened?

359,912.08

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
falliattla112111

Total payments

Per cent of payments
to claims alloWed

collateral
Secured claims. . .

$5,107.78

$5,107.78

$5,107.78

100%

Preferred claims. .

11,584.Q1

11,584.01

11,584.01

100%

General claims. . ..338 1221.1a 67,647.22
01—Bi1Is Pay- 24,000.00
• -' ,
Total claims..40781912.R9 4f !i

67,647.22
$24,000.00 24,000.00
,
1 b -ti(.3.:11-.
•

3-5'I_91,A.qi

2
10
'41+4,

2-4 4VPIat.1)1
Nor

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. ..
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted-reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutry assessment $25,000; Assessment ordered 12-20-26




•

#368

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank
Name of State

Do State bank

110

El Trust company

El Stock savings bank
El Mutual savings bank
O Private bank

•
1. Name of bankFTown or City_Lake Wilson County

2. Date organized

6-7-02

3. Federal reserve district

Date suspended

7-3-24

7

Member or nonmember of F. R. Syste

Population of town or city*

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Murray

450

6. Condition figures, as of (date*)

7-3-24

Loans and discounts:
On real estate
Other

$

Total loans and discounts

267,481.78

Real estate acquired in satisfaction of debts

17,833.89

Investments

23,242.46
l 22,

All other resources

-.14

$3-31,253.2734Y,°3/•IS

Total resources

$25,000.00__

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$53,638.54
-141,474.28
$ 195,112.82

Total deposits

Gam ••••OM,

Borrowings from F. R. bank

84,571.18

Borrowings from other banks

411

71r7
32,.
,A(
18

All other liabilities

$342,031.18

Total liabilities

-11
.
19/111165fliffilgii47/
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

-

Payments from
glilalitMlade

ro

Secured claims.

-"----

$11,468.01

$18,531.0
Preferred claims..
fz,

7,11—Billn Pay

Total claims. .

Per cent of payments
to claims allowed

collatera
& advance

-9

General claims. .

Total payments

164,140.7
iikazitir ;_
..i.merv.I.,:.,.....:,.

$11,468.01
,

am.MI• NM IM•

-

li,,'77-C.-0

----, —
- 4..t.i___-::'47

_ .. .
,

6

10. Has this bank been finally liquidated?
Date liquidation was completed

. 0011.11,0,11111....

62%
OM MID OW W
'
.

:...*-4,......_._

.0
If so give:

Collections:
From liquidation of assets
•

From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve and
Frazan assets

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended ?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000, Assessment ordered 5-30-25




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

Gil

State bank

Name of State

O Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•

1. Name of bank State Bank of Lake Wilsopown or City Lak e Wilson County

2. Date organized

6-7-02

Date suspended

12-5-21

3. Federal reserve district

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Murray
450

12-5-21

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 396,208.53

Total loans and discounts

17,598.69

Real estate acquired in satisfaction of debts
Investments

124120.87

All other resources

$425,928.09

Total resources

$25,000.00

Capital

12,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$66,964.40

Time deposits, including postal savings

223,644.60
$ 290,609.00

Total deposits
Borrowings from F. R. bank

54,111.16

Borrowings from other banks

'
114Y07.13

All other liabilities

Lb-X:4041

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

If so give:

5-6-22

Name under which reopened
Loss to depositors on:

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

None

Preferred claims

None

None

General claims

None

None

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

.

Secured claims
Preferred claims. .
General claims. . ..
Total claims. . . .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

,

Secured claims
Preferred claims
General claims
Total claims




Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Uncollectible assets

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

es

6 2,c

gl-

13

b

-14-Y?---°-j31114"t



If so, give dates and amounts of all assessments
o-4f)

g St,

•

#260

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank

A

119

Name of State

State bank

O Trust company
O Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

State Bank of LambertonTown or City
9-6-1898

3. Federal reserve district

Date suspended

7

3-11-24

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

Lamberton County Redwood

..--

-------

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




850

6. Condition figures, as of (date*)

3-11-24

Loans and discounts:
On real estate
Other

$ 518,358.65

Total loans and discounts

76,933.98

Real estate acquired in satisfaction of debts

4,263.08

Investments

41,723.23

All other resources

14.0
4
4 -€73,41,273.-9.41/i0

Total resources

$751 000.00

Capital

15,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

$95,223.09

Time deposits, including postal savings

428,622.38
$

Total deposits

523,845.47

Borrowings from F. R. bank

31,640.57

Borrowings from other banks
All other liabilities

•••••••• OM,

Sk40 ,4F16.04

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
gimaltzingdzi

Total payments

Per cent of payments
I to claims allowed

collateral
& advance
Secured claims. . .
.

8,173.33

Preferred claims...$8,173.33

General claims. . . .,23,782.66 157,314.83
1-Bills Pay. -31-i6405.7- ---77---Total claims.. MO•
•• * •
53 L9 _-5.(19

' * -'

$8,173.33

100%

157,314.83

30%

1764.0.-157. —3-I 6,0.:- 57 ----mnot,
''''I:"Zit

1 , .`ACk? , 6

10. Has this bank been finally liquidated?
Date liquidation was completed

0'

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . . .
Preferred claims. .
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Froz.en.assets

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture)

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $75,000, Assessment ordered 7-15-26




•

FEDERAL RF.SERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

21:1

State bank

Name of State

0 Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

State Bank of Lamberton Town or City Lamberton

2. Date organized

9-6-98

3. Federal reserve district

Date suspended

9-23-21

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank_

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Redwood

850

6. Condition figures, as of (date*)

9-23-21

Loans and discounts:
On real estate
Other

$ 815,135.70

Total loans and discounts
Real estate acquired in satisfaction of debts
Investments

ta8,544.89

All other resources

-TC
33 :

Pi4,a 1 •a

Total resources

$75,000.00

Capital

37,500.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

133,380.47

Time deposits, including postal savings

476,552.08
$ 609,932.55

Total deposits

rme.rano 111MI

Borrowings from F. R. bank

121,579.00

..

Borrowings from other banks

•
All other liabilities

7-51,,u3.

Total liabilities
7. Has this bank been reopened?
Date of reopening

Ye S If so give:
June 1, 1922

Name under which reopened
Loss to depositors on:
Secured claims

the same
Amount of loss

Per cent of loss
to claims

None

Nond
None'

Preferred claims
General claims

11

None,"

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. .. .
Total claims. . . .

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims. ..
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Frozen assets

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
/J40%




If so, give dates and amounts of all assessments
i/

-

%co

0

•

#917

FEDERAL RESERVE CONIMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
1] National bank
Name of State

[X] State bank

t

• Trust company

O Stock savings bank
O Mutual savings bank

o

Minaesota

Private bank

•
1. Name of bank Far &

2. Date organized

befer State B,_ k

9-26-10

Date suspended

Town or City

Lancaster county

12-20-24 Population of town or city*

Member or nonmember of F. R. System

3. Federal reserve district

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson
500

6. Condition figures, as of (date*)

12-20-24

Loans and discounts:
On real estate
Other
$ $95,528.21

Total loans and discounts

15,534.41

Real estate acquired in satisfaction of debts

628.61

Investments

If
,
t i fl&

All other resources

kg•
41 3,
,
$12-0,5C3 e70

Total resources
Capital

$10,000.00
8,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

$59,283.38
22,272.13

Time deposits, including postal savings
Total deposits

$ 81,555.51

Borrowings from F. R. bank

•••• AND

12,965.77

Borrowings from other banks

fr(di.,t4t-, 13,827.47

All other liabilities

$171;,348.75

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
Total payments
glio

_

Per cent of payments
to claims allowed

ateral
a vance

-/

Secured claims. . .
Preferred claims...$5,187.20

$5,187.20

General claims. ..60,860.17

(
C1-Bi11s
P. ---

T9rce77:

Total clairns. . ..pcj,Fetiza;14-

$5,187.20

6,044.25

,

- ---464A- -

L.-12,965.77

„

/Y

-44•44-444-

‘
4- 0/ g.-1
,

)I

10%
1000-4,4*-1

P

'
/

I,

4-2. .';‘)
6 '
10. Has this bank been finally liquidated?

6,044/25

100%

.

---7--- .4,-._e_it--11.0

If so give:

1>e

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Ye8

If so, give dates and amounts of all assessments

$10,000 Paid 10-22-24

Statutory assessment $10,000, Assessment ordered 9-28-25




•

#952
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
(7;

• National bank
Name of State

X] State bank
Ej Trust company
▪ Stock savings bank

O Mutual savings bank
O Private bank

Minnesota

•
1. Name of bankLancaster-Halma St Bk

2. Date organized

5-31-11

Date suspended

Town or City

11-20-28

3. Federal reserve district

Lancaster county

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

4----

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson
500

6. Condition figures, as of (date*)

11-20-28

Loans and discounts:
On real estate
Other

$ 166,051.33

Total loans and discounts
Real estate acquired in satisfaction of debts

1,850.00

Investments

7 426.34

r1/,tifIV
100,G7G.03-0,461"°3

All other resources
Total resources

$15,000.00

Capital

6,500.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$69,892.21
79,247,62
$ 149,139.83

Total deposits

••••••••

Borrowings from F. R. bank

14,846.20

Borrowings from other banks

OM. 411M,

All other liabilities

41,486.03

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

?wants from
Man

,
Total payments

Per cent of payments
to claims allowed

gqinril
al

Secured claims. . .

il1,204.29 $5,400.78

t

$5,400.78

14,352.86

tr

14,352.86

Preferred claims... 231 324.21

r
____

117,126.99

General claim' s
; —biliS Yak-- 14,846.20
1. ia•seidirs 4-li
Tota .

48%
62%

$14,846.2O - - 1:47846726.----1
IIMIENIIIII,

,-''

10. Has this bank been finally liquidated?
Date liquidation was completed

,,, •

11411itult"

5?), (I ,I

1

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $15,000; Assessment ordered 3-19-29




•

#ni-1

7;5
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
EJ

National bank
Name of State

State bank

o

Trust company

O Stock savings bank
O Mutual savings bank
O Private bank

Minnesota

•
1. Name of bank

2. Date organized

Lawndale State Bank

7-2-17

3. Federal reserve district

Date suspended

Town or city_Lawndale

6-12-26

county_A,t1kin

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank_

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




40

6. Condition figures, as of (date*)

6-12-26

Loans and discounts:
On real estate
Other
$ 46,111.14

Total loans and discounts

9,025.00

Real estate acquired in satisfaction of debts
Investments

1040,08

(11,008.42

All other resources

'6,
6-61-1447-56-

Total resources

67,y.II.1-1-1 •

$10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

18,096.45

Time deposits, including postal savings

23,088.72
$ 41,185.17

Total deposits

,
•••••••••1•10.

Borrowings from F. R. bank

14,056.47

Borrowings from other banks
All other liabilities

MOM

•

al,241.64

Total liabilities
7. Has this bank been reopened?

41•••

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation'

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

zwastmixmix

Total payments

Per cent of payments
to claims allowed

collateral
Secured claims. . . .

$75.00

Preferred claims...$75.00

5,712.55
, ,

General claims. . . 17 956•91

‘ Cl—Bills P. !' 056.47—
Total claims. .

P

$t
:

,...-$14,056.47

$75.00

100%

5,712.55
14,056147

15%
100%

,7 Sr

-

I

3

r

10. Has this bank been finally liquidated? _

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)

Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..Depleted..reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000; Assessment ordered. 12-15-26




•

#1226
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

4-1
d

National bank
Name of State

gcl State bank
Trust company
El Stock savings bank

Ilinne sots.

O Mutual savings bank
O Private bank

•
1. Name of bank First State Bank

2. Date organized

11-9-15

Date suspended

3. Federal reserve district

Town or City

73025

Leonard

County Clear viTst_er

225

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

S
:
cr
el

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




7)

D

431;‘AC\11
4/(7)

Vro

6t)

())

itA

01 e,

j

AI;

6. Condition figures, as of (date*)

7-30-25

Loans and discounts:
On real estate

$

Other

$ 107,072.23

Total loans and discounts

11,876.52

Real estate acquired in satisfaction of debts
Investments

I 3,33-7. g(.
( 12,490.24

All other resources

$331,4a8.99134697163 v

Total resources

$10,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

)

$35,723.55
56,888.79

Time deposits, including postal savings

$ 92,612.34 ./

Total deposits

...................

Borrowings from F. R. bank

25,454.51

Borrowings from other banks

3,760.00

All other liabilities

$1.3g826.85

Total liabilities
7. Has this bank been reopened?

•

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:
Secured claims

Amount of loss

Per cent of loss
to claims

$

Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
NIM014V/igEltli

Total payments

Per cent of payments
to claims allowed

collatera
& advance
,

Secured claims. . . .
Preferred claims..$5,198.31
General claims..

a Ci-Bills

76,159.71
)4-54-75

$1,000.00
..........--------

10. Has this bank been finally liquidated?
Date liquidation was completed

$1,000.00
..
5-217,- t -253-217.-1E3
--_ '.- -."7
mow ow.......ow

19%
am

0.m.t.nt

99%-

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Frozen Bsisf;ta tea
d.l .d
reserve.

Other causes, (specify)

X
X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

$6,500 - Pala (Almost ) 6-19-25
Statutory assessment $10,000, Assessment ordered 10-6-26




•

#1 8
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
(Ij National bank
Name of State

[I State bank

4 ,1

▪ Trust company

O Stock savings bank
[] Mutual savings bank

Minnesota

O Private bank

•

L NameofbankSt Bk of Lester Prairie Town or City Lester Prairtgunty

2. Date organized 6— 7-1893

Date suspended

12-12-24

3. Federal reserve district

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

Population of town or city*

i--------

e,-----

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




McLeod

550

12-12-24

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 259,001.88

Total loans and discounts

9,108.70

Real estate acquired in satisfaction of debts
Investments

18,624.10

All other resources

1)
/,1(10v
.
'
4r
9
.5

sz.e378c,5,-1-7.30.031.10

Total resources

$15,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

$56,557.33

Time deposits, including postal savings

231,430.37
$ 287,987.70

Total deposits
Borrowings from F. R. bank

.11M11. man .11•11.

•

Borrowings from other banks
All other liabilities

ONO 1.111. •••••

87.70

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

9-1-25

Name under which reopened
Loss to depositors on:

If so give:

the same
Amount of loss

Secured claims

None

Preferred claims

None

General claims

Per cent of loss
to claims
=NM

.m.• =Ea MOD

50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. .
General claims. ..
Total claims. .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Deplete.d. xeserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#603

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

'

National bank
Name of State

xi State bank
El Trust company
Stock savings bank

EI Mutual savings bank
O Private bank

Minuesata

•
1. Name of bank

2. Date organized

First State Bank

1-3-06

3. Federal reserve district

Date suspended

7

Town or City Lindstrom

County

3-185_2-4 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Chisacro

600

6. Condition figures, as of (date*)

3-1E-24

Loans and discounts:
On real estate
Other

$ 171,281.46

Total loans and discounts
Real estate acquired in satisfaction of debts

82 832.00

Investments

1 2409.59
331, ell
9 2 066.60

All other resources

, lao 5ia9.e5leiv,444-1/

Total resources

$252 000.00

Capital

52 000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$19,976,75
127,951.87
$ 1472928.62

Total deposits

••=, VON. aN/M4111M.

Borrowings from F. R. bank

11,500.00

Borrowings from other banks

3,000.00

All other liabilities

122428.62

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. . ..
Total claims. . ..

10. Has this bank been finally liquidated?
Date liquidation was completed

Yes_ If so give:
7-9-30

Collections:

$ 101,460.12

From liquidation of assets

10,600.00

From assessments on shareholders

Unlisted asset,claim &
Other collections (explain) int on daily b al

2,302.52
$114,362.64

Total collections

$

Offsets to claim (loans paid, etc.)

3,901.42

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
gEtillrXtit9CMDEM

Total payments

collateral
& advance

Per cent of payments
to claims allowed

_
Secured claims
Preferred claims
General claims

Cl-Bills P.
Total claita4s-:-4




$735.03

$735.03

149,653.71
176000

85 407.38
.. '

$735.03
,-

85,407.38

100%
57.07%

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000; Assessment ordered 1-21-24




•

#845

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank
Name of State

a State bank
EJ

Trust company

LI Stock savings bank
O Mutual savings bank
D Private bank

Minnesota

•
1. Name of bankLismore Farmers St Bk

2. Date organized

3-2-.09

Date suspended

3. Federal reserve district

Town or City

Lidmore

County

10-21-26 Population of town or city* 350

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Nobles

6. Condition figures, as of (date*)

10-21-26

Loans and discounts:
On real estate
Other
$

Total loans and discounts

107,957.87

Real estate acquired in satisfaction of debts

18,991.68

Investments

13,780.66
C10,819.12

All other resources

$1-5-1-3-54gravAliihiff

Total resources

0.5,000.00

Capital

3,614.33

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$2'7,052.26
90,355.80
$

Total deposits

117,408.06

Borrowings from F. R. bank

19,560.16

Borrowings from other banks

900.00

All other liabilities

$1-37,&08.n-

Total liabilities
7. Has this bank been reopened?

•

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
•- 01 ..41! Witt!Ixta

co
13 299.35 $13,299.35
469.64
Preferred claims...469.64
General claims. . .
Total claims. .

04 609.67 26,164.40
-:.,:56016-.
,
-, ,f -,I,71,...:,
.
•

Per cent of payments
to claims allowed

a era].
$13,299.3%

Secured claims..

, Cl-Bills P.

Total payments

469.6
;_.
9-/ 560.16

, ,; ; , . :

Il

100%
100%

26 164.40
1*
5.1 L
,41 Li 4,3

25%
•es.
....

/c\ri
If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims. . . .
Preferred claims. ..
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

100% $15,000 6-17-24

If so, give dates and amounts of all assessments

Paid 1-12-25

Statutory Assessment $15,0:c; Assessment ordered 8-27-27




•

#1352

FEDERAL RESERVE COMMITTEE ON
BRANCII, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank
Name of State

DE State bank
O Trust company
El Stock savings bank
El Mutual savings bank

o

fi8

Minnesota

Private bank

•
1. Name of bank

2. Date organized

Citizens State Bank

6-6-17

Date suspended

3. Federal reserve district

Town or City

1-5213

Litchfield county

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Meeker

2 800

6. Condition figures, as of (date*)

1-5-28

Loans and discounts:
On real estate
Other

$ 131,897.45

Total loans and discounts

9,966.24

Real estate acquired in satisfaction of debts

\*, 26,465.00

Investments

v -vin,
(11,573.27

All other resources

$179,901.98th ir°'3V

Total resources

$25,000.00

Capital

6,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$28,492.98
119,849.90
$ 148,342.88

Total deposits
Borrowings from F. R. bank

MEI OEM. NNW

2,807.44

Borrowings from other banks
All other liabilities

$414150.32

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
Afiii/Plitain

Total payments

$3,656.06

tr

$3,656.06

100%

5,746.43

r

5,746.43

36%

collateral
Secured claims. . . .

$3,656.01.

Preferred claims. .

16,085.4

i
33.704.48 ,
124 478.9.
1 i•
,SfrO7.
*2
tr
en C1—Cgiirtse Yak • •
:
4) C / 7 ,
Total claims. .' ,.J/
I Lf(-I, r)D 1),Lip

•

10. Has this bank been finally liquidated?
Date liquidation was completed

33,704.48
2,807.44
.
kl 3 D(,. 7

Per cent of payments
to claims allowed

01:
Qq,9

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

•
Secured claims
Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

X

Logs QD loans

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

100% — $252 000 — 10-24-25

If so, give dates and amounts of all assessments

Reopened 2-8-23

Statutory assessment $25,000; Assessment ordered 5-19-28




•

3
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CRAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriatesone of the following
O

National bank
Name of State

State bank

19

O Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

Citizens State Bank

2. Date organized

6-6-17

Date suspended

3. Federal reserve district

Town or City

Litchfield County

11-23'22 Population of town or city*

Member or nonmember of F. R. Systet

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Meeker
2 I800

11-23-22

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 401,939.53

Total loans and discounts

18,628.10

Real estate acquired in satisfaction of debts

2,000.00

Investments

40,612.61

All other resources

$463,180.24

Total resources

$25,000.00

Capital

6,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

)

67,945.31
315,567.42

Time deposits, including postal savings

$ 383,512.73

Total deposits
Borrowings from F. R. bank

•MM.MMO

48

Borrowings from other banks

'000000

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

Secured claims
Preferred claims
General claims

If so give:

2-8-23

Name under which reopened
Loss to depositors on:

the same
Amount of loss

None

Per cent of loss
to claims

None

It

It

It

it

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

-467. CI
S431,513.73u/43,I80."

All other liabilities

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. . .
General claims. . . .
Total claims. ...

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

i00% — 10-24-25 - $25,000




/6

If so, give dates and amounts of all assessments

•

#636

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

O National bank

o

!1;34

Name of State

it State bank
Trust company

O Stock savings bank
O Mutual savings bank
O Private bank

Minnesota

•
1. Name of bank

2. Date organized

Far & Mer State Bank

-91006

3. Federal reserve district

Town or City Lit chfield

Date suspended 10-16-30

6_---

County

Population of town or city* 2,800

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

*Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Meeker

,---

6. Condition figures, as of (date*)

10-16-30

Loans and discounts:
On real estate
Other

$ 331,899.44

Total loans and discounts

103,640.78

Real estate acquired in satisfaction of debts

fL:› 29

Investments

700.00

44333 07

(27,330.59

All other resources

$A42-5-5-71-8,4114941/03•33

Total resources

$35,000.00

Capital

9,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

) $79,236.61
307,057.48
$ 386,294.09

Total deposits
Borrowings from F. R. bank

4111•11.11.M.NIMPI••••

66,609.79

Borrowings from other banks

MM.

All other liabilities

•

903.88

Total liabilities
7. Has this bank been reopened?

.11M.

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. . ..
Preferred claims..

Dividends paid from
collections

Payments from
t.. • q •.1.044..1511X _

co a eral&
a.vance
$25,589. 7 $25,589.97
r
6,769. 3

r

5,320.31

er.

--_-

347 516.
Gmeral claims. .
,0, .-..
a—GI—id—Fa,•.1.
Total claims... 8446,485. 1

.:

10. Has this bank been finally liquidated?
Date liquidation was completed

.
.

Per cent of payments
to claims allowed

Total payments

$25,589.9

100%

5,320.3

79%

- .......

.:

..

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
,
Secured claims

Preferred claims. ..
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).........P.Q PA'..paper

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments •

Statutory liability $35,000; Assessment ordered 12-R-30




•

#1359

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
_30

O

National bank
Name of State

xj State bank
LII Trust company
0 Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
k Town or City Little Sauk County Todd
e _an1. Name of bank Little Sauk State

2. Date organized

7-2-17

3. Federal reserve district

Date suspended 2,4,-25_

7

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




100

6. Condition figures, as of (date*)

2-4-25

Loans and discounts:
On real estate
Other

$ 100,852.13

Total loans and discounts

6,842.07

Real estate acquired in satisfaction of debts
\

Investments

=/••/NO.11•••.•••••

(25',385.60

All other resources

$133,070.849

Total resources

$20,000.00

Capital

8,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)$
$36,144.84
)

41,913.15
$ 78,057.99

Total deposits
Borrowings from F. R. bank

29,774.83

Borrowings from other banks

3,202.83

All other liabilities

131,035.65

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

Secured claims. . .,

1,

$3,149.11 $3,149.11
Preferred claims..
9,123.4
claims.. . 70 2665.9g'l 16,2.4Gsneral
29,774.8-13Gen- 1=Bills Pay
.,,

_

$3,149.11

•
.:

16 261.41

------

1
-2-77-„,
------rn:67,:zo:.
/7
- • ----1-fr".le.:.
,

Total dahrir. .

*The
a
an s mus
be deDoelted in State Banks wad shall be 'preferred over all other creditors
It sill give:
tu. tias this bank been finally liquidated r

•

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. ..
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $20,0,0; Assessment ordered 11-4-25




•

#1477
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
• National bank
Name of State

xi State bank
• Trust company

D Stock savings bank
O Mutual savings bank
O Private bank

1. Name of bank

2. Date organized

Minnesota

Long Siding State BankTown or City Long Siding county Mille4a_cs
38-20
Date suspended 10626

3. Federal reserve district

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

t.

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




100

6. Condition figures, as of (date*)

10-6-26

Loans and discounts:
On real estate
Other

$ 24,590.04

Total loans and discounts
Real estate acquired in satisfaction of debts

2,100.00

Investments

8,453.00

All other resources
Total resources
$10,000.00

Capital

204.19

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

11,819.24

Time deposits, including postal savings

12,729.80
24,549.04

Total deposits

WIMP MMI, MIMOI•111

Borrowings from F. R. bank

6,437.65

Borrowings from other banks
All other liabilities

dalMo.110

$30,a8-G.C/3
AN, /lc, SS

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_

Secured claims
Preferred claims. ..
General claims. . .
Total claims. . .

10. Has this bank been finally liquidated?
Date liquidation was completed

Yes

If so give:

8-28-30

Collections:
$ 22,880.08

From liquidation of assets

1,728.97

From assessments on shareholders
Other collections (explain) Int on daily bal

70.80
$24,679.85

Total collections

$

Offsets to claim (loans paid, etc.)

1,061.41

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Pa ments from
.1.'.:
main

Total payments

Per cent of payments
to claims allowed

$8,182.81

100%

876.91

100%

CO :teral
& advanoe—
$8,182.81

$8,182.81

876.91

876.91

14_04E.58'1
6,437.65
Total claims,.,.„
:_29.,.84Z..95

5,810.13

Secured claims
Preferred claims
General claims

Cl—Bills Pa5.r .




703.10
1.5, 7 9.

or"
0'
10-

$5,734.55

-5-,7 3 5"..

54_810.13
6,437.65

10

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture)
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory Assessment $10,000. Assessment ordered




11-A_27

•

#650
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
1:1

National bank

M

State bank

LI
LI
O
O

Trust company

Name of State

Stock savings bank
Mutual savings bank

la.nne sots,

Private bank

•
1. Name of bank

L ouisburg Stat e Bank

2. Date organized

1-2-07

Town or City

Date suspended 6-7-29

3. Federal reserve district

Louisburg

County Lao Qt1

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




13

Parle

6. Condition figures, as of (date*)

6-7-29

Loans and discounts:
On real estate
Other

$

Total loans and discounts

126,392.09
14,993.89

Real estate acquired in satisfaction of debts
Nr,)\

Investments

1,000.00

11,553.86

All other resources

$153,939.84

Total resources

$10,000.00

Capital

6,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

43,546.95

Time deposits, including postal savings

70,202.00
$ 113,748.95

Total deposits
Borrowings from F. R. bank

•••••

15,546.66

Borrowings from other banks

g,4-443/3

All other liabilities

$1-20-,-200,G1
03,931, ya

Total liabilities
7. Has this bank been reopened?

MOD

If so give:

Date of reopening
Name under which reopened__
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
,0_I,il. A".

,via a

Total payments

Per cent of payments
to claims allowed

a.vance
$520.30

S520.30

$520.30

100%

Preferred claims.. 6,846.87

6,846.87

6,846.87

100%

0,362.23

22,410.88

22)410.88
15,546.66

20%
100/0

Secured claims. . . .

eral.clairn&__ 1
PitY .5,b46.66
i
1,--an—haiis
. 1.
Total claims.$1 ro

67
'
• ••
'''
)

- 1'1' 1; '

r)- "i ,7 7 (.

-

)-

,

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Lack of reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000




Assessment ordered 7-3-29

•

#897

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

E

State bank

Name of State

O Trust company

o

Stock savings bank

O

Mutual savings bank

Minnesota

O Private bank

•
L
State Bank
1. Name of bankynd

2. Date organized

6-1-10

Date suspended

3. Federal reserve district

Town or City

Lynd

County

10-31-27 Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Lyon
200

6. Condition figures, as of (date*)

10-31-27

Loans and discounts:
On real estate
Other

$ 110,874.84

Total loans and discounts

19.,319.43

Real estate acquired in satisfaction of debts

2,152.80

Investments

M,g1f: 01

All other resources

$3./13,43a1÷-7. /4.c311-61/,

Total resources
Capital

0,000.00

Surplus and undivided profits

4,000.00

Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

38,075.51

Time deposits, including postal savings

55,754.13
$93,829.64

Total deposits

MM..01.0

Borrowings from F. R. bank

27,500.00

Borrowings from other banks

OWN,.01M, .1•1111.00•1.

•

All other liabilities
$1/4 ,329.64

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. . . .
Preferred claims. ..

Dividends paid from
collections

2,18154

$2,181.54

999.04

999.04

General claims. . .

C1-Bills Pay -2,7-7-50Cr;00 -/

Payments from

mount=
coiiateral
& advance
(1
C

Total payments

$2,181.54

100%

999.04

100%

-...

•

----

3 ?o

/

10. Has this bank been finally liquidated?
Date liquidation was completed

Per cent of payments
to claims allowed

-‘

-- .. - a
3. 7

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
4 cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specifyClose d by order of Board of Dir.
for purpose oi reoranization

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?
If so, state what industry or type of agriculture_

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $20,000- AnqesRment ordered 3-7-28




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

LI National bank
Name of State

Z] State bank
• Trust company

LI Stock savings bank
O Mutual savings bank

o

Minnesota

Private bank

•
1. Name of bank

2. Date organized

Citizens state Bank

3-17-13

3. Federal reserve district

Town or City Mahnomen

Date suspended 4-23-26

7

County Mahnomen

Population of town or city*

Member or nonmember of F. R. Systen

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




1200

6. Condition figures, as of (date*)

4-23-26

Loans and discounts:
On real estate
Other
$ 256,727.31

Total loans and discounts

56,933.77

Real estate acquired in satisfaction of debts
Investments

f1.
4
(25,5'02.52

All other resources

$"&&"9"Taa3"%&034741J4

Total resources

$25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$132,654.01
- 116,111.86
$ 248,765.87

Total deposits
Borrowings from F. R. bank

59,135.18

Borrowings from other banks

6,806.09

All other liabilities

344,707.14

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened__
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends plaid from
collections

Payments from

xmomtdme
dollateral
advance

•
Total payments

Per cent of payments
to claims allowed

$9,819.19

29%

Secured claims. . . .
Preferred claims..

In. • •

aa
.—gn
ei

Total claims. . .

$33,866.4
218,323.5

$9,819.19

(.1"

---1,..-_.

440,28(3.45
4* -, , , 6 ,

e 1

b9-ritt-A

i-,-6,-ki. ,

311 325-:-.2

----

46,286.45
I: (2 i ‘: 6,
(11?0'19

10. Has this bank been finally liquidated?
Date liquidation was completed

79%
o.,.,

If so give:

- Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims.
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes,(specify)Frozen assets (I depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

401
‘
10 - $10 000 - 10-29-24

If so, give dates and amounts of all assessments

Paid 2-10-25

Statutory assessment $25,000, Assessment ordered 12 15-26




•

#1036

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

5] State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Minne so ta

O Private bank

•
1. Name of bank

2. Date organized

Citizens State Bank
-31713

3. Federal reserve district

Date suspended

7

Town or City

8-28-23

Mahn omen county

Population of town or city* 1200

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




tfahnomen

6. Condition figures, as of (date*)

8 28 23

Loans and discounts:
On real estate
Other

$ 377,097.48

Total loans and discounts

15,270.34

Real estate acquired in satisfaction of debts

IIMM dad.••••• OP.

Investments

/11 16,3,4
(29,350.70

All other resources

$479-1-77.16-rre,331.11.q

Total resources

$25,000.00

Capital

15,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

114,630.43

Time deposits, including postal savings

148,170.19
262,800.62

Total deposits
Borrowings from F. R. bank

130,881.35

Borrowings from other banks
All other liabilities

$40_33,681.97

Total liabilities
7. Has this bank been reopened?
Date of reopening

If so give:

12-24-23

Name under which reopened
Loss to depositors on:

Ye s

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

MOW ..•••• W./

Preferred claims

None

••••••1....••••..

General claims

50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




0,

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. .. .
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted.xeerve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended'

40% - 0.0,000




Yes

If so, give dates and amounts of all assessments

Paid 2-10-25
0D

4A3

•

#706
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CRAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
11 National bank
GI State bank

o

Name of State

Trust company

O Stock savings bank
O Mutual savings bank
O Private bank

Minnesota

•
1. Name of bank Security state Bank

2. Date organized 10-18-07

TOW11 or City

Date suspended 11-5-27

3. Federal reserve district

Mahnomen

County Mahnomen

Population of town or city* 1200

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

11-5-27

Loans and discounts:
On real estate
Other

110,053.85

Total loans and discounts

42,217.39

Real estate acquired in satisfaction of debts
\

Investments

8,926.25
21,049.81

All other resources

$182,247.30

Total resources

$25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$29,548.30
109,005.27
$ 138,553.57

Total deposits

ONO IND •I•10 OMNI
,

Borrowings from F. R. bank

12,357.11

Borrowings from other banks

75.72

All other liabilities

1 1.-40 .16

1C0,900.40

Total liabilities

try;Y47. 3
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

P4.x.,_ments from
Total payments

Per cent of payments
to claims allowed

dnitell
il
$3,025.95

3 2 025.95

C-

$3,025.95

Preferred claims. .. 15,111.71

10,577.85

a"

10,577.85

7012_____

6 2076.34

49 ,'"

Secured claims.

Ge eralslai •
Cl- ins •-•

15 756.97
-,

100%

0-

64076.34

otal claims. . . . a _,-2€r174 4.4,4. il..14 .

‘,il

ri in •

'
10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Lack of reserve & poor paper

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000, Assessment ordered 4-9-28




•

#476

•

FEDERAL RESERVE COMMITTEE ON
BRANCII, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank

[2g

Name of State

State bank

J Trust company
D Stock savings bank
O Mutual savings bank

Minnesota

O Private bank

1. Name of bank Maple Lake State Bank

2. Date organized

5-3-04

Town or City Maple Lake

Date suspended 4-3-24

3. Federal reserve district

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

-

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Wright

4-3-24

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 36896525

Total loans and discounts
Real estate acquired in satisfaction of debts

17,331.23

Investments

27,945.59

All other resources

33,054.07
$447,296.14

Total resources

$15,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$58,007.92

Time deposits, including postal savings

365,619.21
$ 423,627.13

Total deposits
Borrowings from P. R. bank

MID 411no ONE

Borrowings from other banks

MM.•••.1.1.1..

.31

All other liabilities

$4....2747649-r1244Zv%ilq

Total liabilities
7. Has this bank been reopened?
Date of reopening

If so give:

5-4-25

Name under which reopened
Loss to depositors on:

Yes

the same
Amount of loss

Secured claims

None

Preferred claims

None

General claims

Per cent of loss
to claims
•••••=1••••••

33 1/3%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. . . .
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
•

From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Frozen assets and Montana loans

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

#476

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
Q474

• National bank
Name of State

;C:1 State bank

o

Trust company

O Stock savings bank

O Mutual savings bank

o

Minne sota

Private bank

1. Name of bank Maple Lake State Bank

2. Date organized

5-3-04

Date suspended

Town or City

Maple Lake County Wright

4-6-26

Population of town or city*

3. Federal reserve district

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

*Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




700

6. Condition figures, as of (date*)

4-6-26

Loans and discounts:
On real estate
Other

170,810.91

Total loans and discounts
Real estate acquired in satisfaction of debts

20,000.00

Investments

27,812.25

All other resources

48,835.82
$267,458.98

Total resources

$15,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$9,524.10
235,790.35
$ 245,314.45

Total deposits
Borrowings from F. R. bank
Borrowings from other banks

•
All other liabilities

4
/144"
6

44-5-,314..A5

Total liabilities

-frfh
7. Has this bank been reopened?

7,4rg,1 g

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

$5,253.87

C-

$5,253.87

100%

'40,821.37

6010

Secured claims. . .
Preferred claims. .

$5,253.87

General claims. . .

34,202.27 140,821.37

6, p
Total claims. . A 39,456.14 I pi

76 ,

c---

I il 6)4 '7 5".

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims. . . .
Preferred claims.
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Montana investments

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $15,000; Assessment ordered 7-16-26




•

#241

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
- by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

I] State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Mapleton State Bank

2. Date organized

Town or City

Mapleton

County

Eart
1027189
- ---Blue
6 Date suspended 7-5
Population of town or city. -h
'
27

3. Federal reserve district

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Blue Earth

7-5-27

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$

Total loans and discounts

240,386.87
20,900.00

Real estate acquired in satisfaction of debts
Investments

310.Pi

(20,028.56

All other resources

$301,315.134476/7-)1/

Total resources

$15,000.00

Capital

15,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$108,955.35

Demand deposits, including U. S. Govt. deposits

128,496.97

Time deposits, including postal savings

237,452.32

Total deposits
Borrowings from F. R. bank

17,625.00

Borrowings from other banks
All other liabilities

mM...•10.11•1.

_145,077.32

Total liabilities
7. Has this bank been reopened?

Yes

Date of reopening

9327
——

Name under which reopened
Loss to depositors on:
Secured claims
Preferred claims
General claims

If so give:

the same
Amount of loss

Per cent of loss
to claims

None
None
50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. .. .
Total claims. . . .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims. . ..




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Frozen assets and depleted reserve X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

a-%

•

#964
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In ease a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[2) State bank
• Trust company
O Stock savings bank

O Mutual savings bank

Minnesota

O Private bank

e
1. Name of bank

2. Date organized

Citiz_ens Stat_e_Bank
7-6-11

Date suspended

3. Federal reserve district

Town or City

Winrietta

4-17-24

Population of town or city*

CountyLac—QA1a_
. Pane

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

6. Condition figures, as of (date*)

4-17-24

Loans and discounts:
On real estate
Other

$

Total loans and discounts

191,198.80
58,488.45

Real estate acquired in satisfaction of debts
Investments

qii,)/1
(8;372.10

All other resources
Total resources

$25,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

$19,895.08

Time deposits, including postal savings

182,785.55
$ 202,680.63

Total deposits
Borrowings from F. R. bank

28,350.00

Borrowings from other banks
All other liabilities

$2,030.63

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims

Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

_

Yes If so give payments to date:
(Amounts in dollars)

Dividends paid from
collections

Claims allowed

Payments from

xmmmlmkmt
collateral

Per cent of payments
to claims allowed

Total payments

Secured claims. . . .
$39.25

Preferred claims. .

$39.25

Genesql claims. . . .'05 293.47

Cl—ills P.
Total claims..

...:-r

a

4111

.
•, 0:00- —28-05.

: 50.06

!---

II
q,

100%___

•• -

10

-.
‘..

10. Has this bank been finally liquidated?

:I

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims..
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)... Frozen. assets

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000, Assessment ordered 9-5-25




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

O National bank
Do State bank
O Trust company

Name of State

O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Far & Mer State Bank

TOW11 or City

2. Date organized 7-6-11

8-27-21

3. Federal reserve district

Date suspended

9

Marietta

CountyLaC Qui Pane

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

.

8-27721

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 331,404.23

Total loans and discounts

18,593.74

Real estate acquired in satisfaction of debts

4,200.00

Investments

:7,466.32

All other resources

$361,664.29

Total resources

$30,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

$38,223.36

Time deposits, including postal savings

192,591.74
$ 230,815.10

Total deposits
Borrowings from F. R. bank

85,500.00

Borrowings from other banks

•
All other liabilities

"(AlII, /1
$318,316-r1034/e .
4 44

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

If so give:

Sept. 15, 1922

Name under which reopenecl____the__$_=_e_______
Amount of loss

Loss to depositors on:
Secured claims

$

None
ti

Preferred claims
General claims

...

••••••

Per cent of loss
to claims
Non0.,
None
25%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. ...
,

Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Excessive loans & mismanagemen
Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

/0




No

If so, give dates and amounts of all assessments

•

#559

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
• National bank
Name of State

[X] State bank
0 Trust company
O Stock savings bank

O Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

Marietta State BAnk

5-3-05

Date suspended

Town or City

11-15-26

3. Federal reserve district

Marietta

Countyitac Qui Pane

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

6. Condition figures, as of (date*)

11-15-26

Loans and discounts:
On real estate
Other
$

Total loans and discounts
Real estate acquired in satisfaction of debts

239,346.18
57,077.04
p.
00
r
0
0
•5

Investments

be,g47:0d

All other resources

$Zra6Tan-r45333/01-0

Total resources

$25,000.00

Capital
Surplus and undivided profits

5,000.00

Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

'
4112,537.78
172,147.86
$ 284,685.64

Total deposits
Borrowings from F. R. bank

411•Mr ••••.11•M M/ID

18,335.00

Borrowings from other banks
All other liabilities

4•111•4111•11,••••••110

$333,020.64

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




411

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured clailns
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation)

If so give payments to date:

(Amounts in dollars)
'

Claims allowed

Dividends paid from
collections

Payments from
fittilx
36ii

o

___

Total payments

Per cent of payments
to claims allowed

a eral
-

Secured claims. . . .

1, 46 550.73 $46 p 550.73
'26,837.32 45,367.46
General claims. . . .
t. Cl-Bills Plit,, 18,335.00
f, I
- 1'
•
Total claims. . 4§ P.
Preferred claims. .

,,-$18,335.00
c).,

$46,550.73

100%

45,367.46
18,335.00

20%
100%

c-- —

j')j co)

41.

10. Has this bank been finally liquidated?
Date liquidation was completed

A- • o,b' 4.:,'
• —
/- '
e

3/.g

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims.
Preferred claims
General claims.
Total claims. .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

lop/. $25,000 -

12-19-22

If so, give dates and amounts of all assessments

Paid 4-25-23

Statutory assessment $25,000; Assessment ordered 9-7-27




#1183

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank
Name of State

A State bank
D Trust company

‘,7

El Stock savings bank

Minnesota

O Mutual savings bank
LJ Private bank

•
k
l State Bank
1. Name of bank Marvile

Town or City Markville

2. Date organized 7-1-15

4-18-29

Date suspended

3. Federal reserve district

County

Population of town or city* 150

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Pine

6. Condition figures, as of (date*)

4-18-29.

Loans and discounts:
On real estate
Other

63,994.33

$

Total loans and discounts

11 450.00

Real estate acquired in satisfaction of debts
\

Investments

5,164.00

L

7,236.56

All other resources

$87,844.89

Total resources

$10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

31,935.65

Time deposits, including postal savings

22,388.24
$ 54,323.89

Total deposits
Borrowings from F. R. bank

13,716.38

Borrowings from other banks

PI W
.693

All other liabilities

3443-r9.6

Total liabilities
7. Has this bank been reopened?

Ss'(.
If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Percent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

r
------

Secured claims. . . $9,000.00
Preferred claims. .

861.68

Payments from

zniaritarbzrA

Total payments

collateral
& advance
,

,,..

$337.24

..

$337.24

'
(•
52,712.25
1V .ay: 12-i716.38 - 7--- -07----- -$ 1,084.6. 11,0t84i.6.2
Totalclaims..

764290.31
.
,--,'

SiI

10. Has this bank been finally liquidated?
Date liquidation was completed

Per cent of payments
to claims allowed

I1-4I -

39%
..'1•8011
41
1 7,7

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Depleted reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

500 -

yes

5,000 - 5-18-28

810,000

-10-30-28

If so, give dates and amounts of all assessments

Paia 8-10-28
Paid 1-30-29

Statutory assessment $10,0001_Assessment ordered 6-a6-29




•

q.3
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
[X

Name of State

State bank

0 Trust company

1:1 Stock savings bank
O

Mutual savings bank

ID

Private bank

Minnesota

•
1. Name of bank__

2. Date organized

Markville State Bank Town or City
7-1-15

Date suspended

3. Federal reserve district

MarkVilie

County

Pine

12-8-22 Population of town or city*

150

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

..-----

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




-

6. Condition figures, as of (date*)

12-8-22

Loans and discounts:
On real estate
Other

$ 112,708.20

Total loans and discounts

1,989.08

Real estate acquired in satisfaction of debts

None

Investments

9,087.64

All other resources

$123,784.92

Total resources

$10,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$31,592.00

Demand deposits, including U. S. Govt. deposits

36,686.70

Time deposits, including postal savings

$ 68,278.70

Total deposits

••••••••••..

Borrowings from F. R. bank

8,000.00

Borrowings from other banks

$76,ai-s-rr?-eftv3,71d,iv

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

Secured claims

If so give:

3-10-23

Name under which reopened
Loss to depositors on:

the same
Amount of loss

None

Per cent of loss
to claims

None
ft

Preferred claims
General claims

ti

tt

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




411

-crir.v-v
sf
31
'

All other liabilities

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. . ..
Total claims. . ..

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
•

From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). ..Depleted..resarv.e

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Ye s

50% - 5-18-28 - $5,000




If so, give dates and amounts of all assessments

•

#806

FEDERAL RFSERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Li National bank

ff

Name of State

State bank
Trust company

El Stock savings bank

o

Minnesota

Mutual savings bank

O Private bank

•
1. Name of bank

2. Date organized

Citizens State Bank

4-28-08

Town or City

Date suspended_ 9-15-27

3. Federal reserve district

Matawan

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Waseca

50

9-15-27

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

54,003.13

$

Total loans and discounts

22,408.70

Real estate acquired in satisfaction of debts

••••••••••••••

Investments

13,476.4u

All other resources

8E0,2,88,23 fo,4.3st-40

Total resources

1O ,000.00

Capital

604.75

Surplus and undivided profits

Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

)

21,083.60
58,746.25

Time deposits, including postal savings

$ 79,829.85

Total deposits
Borrowings from F. R. bank

•ns• emir mow

Borrowings from other banks
All other liabilities

•

•••• =00.110E. OW.

70,f3a0.e5-

Total liabilities

go,4c.340
7. Has this bank been reopened?
Date of reopening

Yes

4.8

If so give:

6-16-26

Name under which reopened
Loss to depositors on:

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

...••••••••••••

Preferred claims

None

411.• ONO,••••I IMO

General claims

50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. .. .
Total claims. . ..

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
k, cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

10% — $10)000 — 5-1-25




If so, give dates and amounts of all assessments

Pai a 10-20-25

•

#1232

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank

J
LI
LI
O
O

State bank
Trust company
Stock savings bank
Mutual savings bank
Private bank

•
1. Name of bank

2. Date organized

Farmers State Bank

12-6-15

3. Federal reserve district

Date suspended

7

Town or City

8-11-25

Mavie

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Pennington

75

6. Condition figures, as of (date*)

8-31-25

Loans and discounts:
On real estate
Other

$

Total loans and discounts

27,544.61
8,545.45

Real estate acquired in satisfaction of debts

•••• •••••••••1•0

Investments

41 3- 3 1
5,164.08

All other resources

$41

Total resources

14 41037-1/ v

S10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

$15,454.36

Demand deposits, including U. S. Govt. deposits

9,565.31

Time deposits, including postal savings
Total deposits

OM.411...•••• =10

Borrowings from F. R. bank

4,717.84

Borrowings from other banks
All other liabilities

411•10,1M• IMP ONO

0,737.51

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

—

Secured claims. . . .
Preferred claims...

$3,688.40

gi.ritiftL55

--_-4; - ----- - T00%
---047-794-.-7±2
MO ••••••••4=1.

01—Bills P.

--4-7-744,41

.

-7177-rx7----7
4

0
10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

$ 700
(Amounts in dollars)

Claims allowed

Secured claims.
Preferred claims
General claims. . . .
Total claims.. . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Frozen assets and
Depleted reserve

Other causes, (specify)

X
X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

N0

If so, give dates and amounts of all assessments

Statuory assessment $10,000; Asspflment orriPr_ed 8-9-2S




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

Ex State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Meadowlands State Bank Town or City

2. Date organized

1-21-15

Date suspended_ 10-17-23

3. Federal reserve district

Meadowlandk,ounty St.Louis

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




165

6. Condition figures, as of (date*)

10-17-23

Loans and discounts:
On real estate
Other

$ 28,206.71

Total loans and discounts

11••••••••••••••••11

Real estate acquired in satisfaction of debts

'‘k 15,789.29

Investments

lbo•

8

44,052.46

All other resources

.8-6-i-04.&.4.483,14, .44

Total resources

$10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$64,601.59

Demand deposits, including U. S. Govt. deposits

11,607.85

Time deposits, including postal savings

$ $76,209.44

Total deposits
Borrowings from F. R. bank

110-

Borrowings from other banks
All other liabilities
$48,209.44

Total liabilities
7. Has this bank been reopened?
Date of reopening

If so give:

11-7-23

Name under which reopened
Loss to depositors on:

Yes

the same
Amount of loss

Secured claims

None

Preferred claims

None

General claims

Per cent of loss
to claims

-•--V

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. . . .
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . ..
Preferred claims. . .
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Qutside investments

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture)
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




NO

If so, give dates and amounts of all assessments

ervi-

•

#941
FEDERAL RE-SERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank
Name of State

Z] State bank
• Trust company
• Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

Bk or City Meire Grove County
Meire Grove Farmers St
-Town
2-15-11 Date suspended_

3. Federal reserve district

11-26-23 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Stearns

180

11-28-23

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 188,979.43

Total loans and discounts
Real estate acquired in satisfaction of debts

=NM'••=....1.0 OM*

3,000.00
I,-v /3- el.

Investments

27,111.46

All other resources

31-3-100-0.00vv0,3°44•

Total resources

$12,000.00

Capital

3,500.00

Surplus and undivided profits
Deposits:
Due to banks**

)

$
18,060.36

Demand deposits, including U. S. Govt. deposits

186,744.39

Time deposits, including postal savings

$ 204,804.75

Total deposits
Borrowings from F. R. bank

.1•111,4111MO•100110

Borrowings from other banks

•11111111111.

S40,1104.75

Total liabilities
7. Has this bank been reopened?

Yes

Secured claims
Preferred claims
General claims

If so give:

7-7-24

Name under which reopened
Loss to depositors on:

the same
Amount of loss
None
None

Per cent of loss
to claims
=.111•miorembti•

RIM VOI0•11.0 •ITIN•

70%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

011•01•1••••••••1

All other liabilities

Date of reopening

Malli

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. .. .
Total claims. . ..

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Montana investments

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture'
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#685

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks susTended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

O National bank
Name of State

M

State bank

o

Trust company

• Stock savings bank

O Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

Borgerding State Bank

8-1-07

3. Federal reserve district

Date suspended

7

Town or City

2-23-27

Melrose

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Stearns

2300

2-23-27

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

,

$

Other.

$

Total loans and discounts

336,622.75
47,179.58

Real estate acquired in satisfaction of debts

30 29,600.00

Investments

(30A.M

All other resources

$
$4414-r7e61/446vea,Ai

Total resources

$50,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

)

63,543.20
328,661.28

Time deposits, including postal savings

$ 392)204.48

Total deposits
Borrowings from F. R. bank

.......,..........

Borrowings from other banks

On. MM.•1•1•1•••••

CIO ami. NNW...,

All other liabilities

204.48

Total liabilities
Yes If so give:

7. Has this bank been reopened?
Date of reopening

7-26-27

Name under which reopened

the same

Loss to depositors on:
Secured claims
Preferred claims
General claims

Amount of loss
$

None

Per cent of loss
to claims
.0.• MOO ••••

None
50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

•
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. ...
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#986

FEDERAL RESERVE COMMITTEE ON
MANCE!, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank
Name of State

Oc State bank

LI
LI
0
0

Trust company
Stock savings bank
Mutual savings bank

Minnesota

Private bank

•
1. Name of bank

Security State Bank

2. Date organized

2-2-12

Town or City

Melrose

CountySt earns
ps//

Date suspended

3. Federal reserve district

11-26-23 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




-1=-25

11-28-23

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$

Total loans and discounts

582,430.18

Real estate acquired in satisfaction of debts

12,035.00

Investments

131719.65
/361,q31V/

All other resources

$644-34;48-rG4Li/4

Total resources

.4

,c;50,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$90,804.32

Time deposits, including postal savings

495,324.96
$

Total deposits

586,129.28

Borrowings from F. R. bank

••••• WIN •••••111.

nem =MD

Borrowings from other banks

..I/41•1111.•••••1•10

All other liabilities

41b,129.28

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

If so give:

7-1-25

Name under which reopened
Loss to depositors on:

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

WWI IMO, 1.411D Pal&

Preferred claims

None

aim arm ow

General claims

moo

75%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. ...
Total claims. . ..

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims.




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).. 1ontana . inves.tm.ents

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended)

2z„



No

If so, give dates and amounts of all assessments

•

#759

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

3 State bank
0 Trust company
O Stock savings bank

O Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

First State Bank

3-19-08

3. Federal reserve district

Town or City

Date suspended 11-30-28

7

Mentor

County

Population of town or city

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Polk

400

6. Condition figures, as of (date*)

11-30-28

Loans and discounts:
On real estate
Other

105,571.64

Total loans and discounts

12,959.59

Real estate acquired in satisfaction of debts

8,800.00

Investments

/10,927.65

All other resources

$12
0.8-ragg„..gg

Total resources

31-b 04-

10,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S Govt. deposits
Time deposits, including postal savings

)

52,345.70
54,291.05
$ 106,636.75

Total deposits
Borrowings from F. R. bank

19,200.00

Borrowings from other banks

484.69

All other liabilities

lth,321.44

Total liabilities
7. Has this bank been reopened?

110

If so give:

Date of reopening
Name under which reopened__
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims. . . . $7,907.41

$7,907.41

7,067.63

7,067.63

Preferred claims...

Payments from
grteranty fund

c

Total claims...

Per cent of payments
to claims allowed

$7,907.41

100%

7 y 067.63

100%

0.---

General claims. ... 85)807.73

Gen-- -G-I—Bi1-1Es---PaY- -

Total payments

IMID.NO,MWM..

4=••••=.011•1.=MD

r

--2:
—1-1249.

,i7... ... 'I-4;4t

, ',

i

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




,

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

La .1c. of reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000* Assessment ordered 2- -




•

#I014

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

tl State bank
O Trust company
O Stock savings bank

O Mutual savings bank

o

Minnesota

Private bank

•
1. Name of bank Security State Bank

2. Date organized

10-22-12

3. Federal reserve district

Town or City

Date suspended 2-23-26

7

Middle Rive&unty Marshall

Population of town or city*

Member or nonmember of F R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

6. Condition figures, as of (date*)

2-23-26

Loans and discounts:
On real estate
Other

$ 90,398.70

Total loans and discounts

12,594.68

Real estate acquired in satisfaction of debts

90.00
4,114-7(
(15,211.64

Investments
All other resources

$1-1-e ,

Total resources

vv,779-73

$10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$38,903.29
66,420.01
$ 105,323.30

Total deposits
Borrowings from F. R. bank

5,338.03

Borrowings from other banks

118.40

All other liabilities

$1)14779.73

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
COTITtrigll

fotal payments
'

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. .

0T-elgiill7Pa:
Total claims.

1.2,662.7

$12,662.78

$12,662.78

1,623.13
9,172.50
1....,
b;338.03
9-,623.94. -1711 .

9,172.50
,$b,668.03 5,338.03
‘),-.'i i 1/ !3 . 4, 'Yr_'- ,t.f'.

it hi, o w5.cji

100%
01

18

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

NO

If so, give dates and amounts of all assessments

Statutory assessment $10,000; Assessment ordered R-6-26




•

#1014

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
[..]

National bank
Name of State

• State bank

El Trust company
LI Stock savings bank

o

Mutual savings bank

MlnDesota

O Private bank

•
1. Name of bank

2. Date organized

Security State Bank_
10-22-12

3. Federal reserve district

Date suspended

7

Town or City_taldle_IttveaCountyMatUlall

4-13-23

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

4-13-23

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 141,476.87

Total loans and discounts

6,444.48

Real estate acquired in satisfaction of debts
Investments

11.1 1

5,774.91

All other resources

$153,696.26

Total resources

10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

21,989.54

Time deposits, including postal savings

66,994.73
$

Total deposits

88,984.27
••/..

Borrowings from F. R. bank

MIMI,

53,523.90

Borrowings from other banks
All other liabilities

$1.04 508.17

Total liabilities
7. Has this bank been reopened?
Date of reopening

If so give:

11-26-23

Name under which reopened
Loss to depositors on:

Yes

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

1111=11

Preferred claims

None

•••/••••••••••11•0

•111•111

General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. . .
General claims. . . .
Total claims. ...

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. .
General claims

..

Total claims

..




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

a.sets

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#518

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank
Name of State

al State bank

O Trust company
1::] Stock savings bank

Minnesota

O Mutual savings bank
O Private bank

•
1. Name of ban

Town or City Middle

St Bk of Middle River

2. Date organized 10-24-04

Date suspended

12-18-25

3. Federal reserve district

River County Marshall

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

Z.--

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

6. Condition figures, as of (date*)

12-18-25

Loans and discounts:
On real estate
Other

$

Total loans and discounts

248,524.50
18,712.32

Real estate acquired in satisfaction of debts
Investments

arm, mom •••••••••

/
1
2 3 3/S:10
(14,809.56

All other resources

,04G.33114347".°

Total resources

$10,000.00

Capital

2%000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

$60,075.32

Time deposits, including postal savings

125,307.20
$ 185,382.52

Total deposits
Borrowings from F. R. bank

69,979.56

Borrowings from other banks

IMMO

All other liabilities

$285,362.08

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened_
Loss to depositors on:

Anzount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

xftbzgatIVICIME1
collateral
& advance

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .

$7,755. 3

87;568•15

$7,568.15

176
,., # 742
6u-i-979. --$8a
-a 9:.56 .692,7956-J)?'
,,
Total claims. .. . 25,4??
,
-

98%,______

General claims. . . ..

Cl—Bills P.

-1

6

10. Has this bank been finally liquidated?
Date liquidation was completed

se"
0..
i

,17

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Frozen assets and
depleted..re.seive

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000, Assessment ordered 12-14-26




•

#525

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

[II State bank
O Trust company
El

Stock savings bank

O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

Milaca State Bank

11-16-04

3. Federal reserve district

Town or City

Date suspended 1-15-30

7

Milaca

CountyMille Lacs

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




1650

6. Condition figures, as of (date*)

1-15-30

Loans and discounts:
On real estate
Other

$ 73,580.38

Total loans and discounts

44,437.45

Real estate acquired in satisfaction of debts

\
.
6).." 28,221.08

Investments

20,005.38

All other resources

$166 244.29

Total resources

$30,000.00

Capital

1,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

)

Time deposits, including postal savings

$59,701.64
70,165.09
$ 129,866.73

Total deposits
Borrowings from F. R. bank

5,000.00

Borrowings from other banks
All other liabilities

$134784g-s45
C-1-1-kizyt;

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
XiiiXtrgl

cot iliviq eCo

a-

.i.22,358.76
Secured claims. ..274510.5.
Preferred claims. .
General,claims

en C1—i11615
ToWl claims. .

8,896.7'.

8,896.75

- 97,028.21:

24)261.12
cr,. , , i

5,000.40
1138.t4.35_..

tr
V
5,000.00
.r d •r
-,„..-, ,

Total payments

Per cent of payments
to claims allowed

$22,358.76

_80%

8,896.75

100%

11,261.12
5,000.00

25%
100%

itJ

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Lack of reserve
Poor paper

X
X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory Assessment $30,000; Assessment ordered 2-15-30




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
Di

National bank
Name of State

.g3 State bank
• Trust company
El Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Security State Bank

2. Date organized 10-11-17

3. Federal reserve district

Date suspended

9

Town or City

Milaca

County Mille Lacs

12-2F-21 Population of town or city* 1650

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Non-

12-28-21

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other.

$ 374,762.43

Total loans and discounts

•

Real estate acquired in satisfaction of debts

=NI .•••

Investments

11,993.46

All other resources

23,270.07
410,025.96

Total resources

25,000.00

Capital

7,000.00

Surplus and undivided profits
Deposits:
Due to banks**

56,915.26

Demand deposits, including U. S. Govt. deposits

244,070.95

Time deposits, including postal savings

$ 300,986.21

Total deposits

———
Borrowings from F. R. bank

74,178.85

Borrowings from other banks

2,860.90

All other liabilities

410025.96
,

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

12-6-22

Name under which reopened
Loss to depositors on:
Secured claims

If so give:

the same
Amount of loss

Per cent of loss
to claims

None

None

Preferred claims
General claims

tt

It

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

-Secured

claims. . . .

Preferred claims. ..
General claims. .. .
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Worthless paper

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
100%

100%




3-9-29

Yes

If so, give dates and amounts of all assessments

.00
$12 y 500

Voluntary Assessment paid 12-G-22

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

LE State bank

o

Trust company

Ej Stock savings bank
O Mutual savings bank

MinnesQta

O Private bank

•
1. Name of bank

2. Date organized

Security State Bank
10-11-17

3. Federal reserve district

Date suspended

7

Town or City

8-22-21

Outside city of parent bank**

Population of town or city*

1
-------

"....--

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Lace

county

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank__

•

Milaca

1650

8-22-21

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 416,379.41

Total loans and discounts

18,658.24

Real estate acquired in satisfaction of debts
Investments

17,466.03

All other resources

$452,503.68

Total resources

$25,000.00

Capital

7,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

$77,359.44

Demand deposits, including U. S. Govt. deposits

326,408.96

Time deposits, including postal savings

$ 403,768.40

Total deposits
Borrowings from F. R. bank

12,700.00

Borrowings from other banks
All other liabilities

4
/1
,3
'
61 8

8116 ,468.404-rv,r03,48

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

If so give:

Sept. 22, 1921

Name under which reopened

the same

Loss to depositors on:
Secured claims

S

Amount of loss

Per cent of loss
to claims

None

None.
None"

Preferred claims
General claims

li

None

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation)

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims

Preferred claims. . .
General claims
Total claims. . ..

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




2-m0 •

If so, give dates and amounts of all assessments

•

#1099
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Li National bank

Name of State

DC State bank

Li Trust company
O Stock savings bank
Ej Mutual savings bank

o

Minnesota

Private bank

•

?/426-tiot'-e--ep
1. Name of ban

Millerville State Bank Town or City Brandon P.O.County

2. Date organized 6-1-14

Date suspended

3. Federal reserve district

7-23-27 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group ? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Douglas

152

6. Condition figures, as of (date*)

7-23-27

Loans and discounts:
On real estate
Other.
$ 55,135.04

Total loans and discounts
Real estate acquired in satisfaction of debts

2,120.00

Investments

8,773.19
11,342.02

All other resources

$77,370.25

Total resources

$10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$
$618.32

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

64,585.56
$ 65,203.88

Total deposits
Borrowings from F. R. bank
Borrowings from other banks

.1111••••••••

All other liabilities

U6,3

7

$CE,203.0G

Total liabilities

17,37
07. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation? Yes

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. . . . $6,082.6
Preferred claims. . .
General claims... .

Dividends paid from
collections

Payments from
guaranty fund

$6,082.67

tr

Total payments

Per cent of payments
to claims allowed

$6,082.67

100%

75.00

0-

75.00

100%

59,761.00 35,862.50

if—

35,862.50

60%

r-

ii 9-1 D2'i).

6 3.7

75.00

Total claims. . .. $65)918•6

ti 2/16 7

/

10. Has this bank been finally liquidated?

.
If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture_

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000' Assessment orriered 10-20-27




•

#1245
-/
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
q

0 National bank
Name of State

K] State bank
0 Trust company
0 Stock savings bank
O

Minne sota

Mutual savings bank

O Private bank

•
1. Name of bank American State Bank

2. Date organized

3-22-16

Date suspended

3. Federal reserve district

Town or City Minneapolis County

9-26-27

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Hennepin

464)400

6. Condition figures, as of (date*)

9-26-27

Loans and discounts:
On real estate
Other.
265,318.46

Total loans and discounts

19,653.66

Real estate acquired in satisfaction of debts

--' 41,049.44

Investments

89,744.54

All other resources

q415,766.10

Total resources

$25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

237,425.85
147,627.60
385,053.45

Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities

$585,053.4541/17744./0

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




,

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
,
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

,-,24 119.73 $24,119.73

)
Secured claims. . .
.41,706.35
Preferred claims.

41,706.35

0

736.97 187,202.03

General claims. ...'87)
Total claims. .

(.7

A 653 1 563.05 2'5 d 9't

10. Has this bank been finally liquidated?

C

Total payments

Per cent of payments
to claims allowed

$24,119.73

100%

41,706.35

100%

187)202.03

65%

7.5'141

2er

-H. 6

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the

Yes
If so, give dates and amounts of all assessments
40% -_410,000 - 5-28-24
Canceled 6-13-24
40670 - $10,000 -11-13-24
Paid 2-24-26
$200
60% - $15,000 - 9-14-25
Canceled 12-12-25
60% - ].5,00O -12-12-29
Paid 2-24-26
100%- 425,000 - 8-13-26
Paid 1-22-27
10010- 425,000 - 4- 5-27
Canceled 4-18-27
Statutory assessment 425,000, Assessment ordered 1-19-28

bank suspended?




•

FEDERAL RESERVE CONIMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

LI National bank

Name of State

[X State bank

LI Trust company

o

Stock savings bank

O Mutual savings bank
o Private bank

•

Minne sota

1. Name of bank Fourth Ave State Bank

2. Date organized

8-30-19

Town or City

Date suspended 12-22-22

3. Federal reserve district

Minneapolittounty Hennepin

Population of town or city* 464 400

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

O

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




12-22-22

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 154,533.61

Total loans and discounts

None

Real estate acquired in satisfaction of debts

8,000.00

Investments

-yi 130. /L.

t12,001.99

All other resources

$174,

Total resources

&a-64M

$25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

83,122.81

Time deposits, including postal savings

58,067.95
141,190.76

Total deposits
Borrowings from F. R. bank

OEM.OM

6,275.00

Borrowings from other banks
All other liabilities

ONO 41MM OMNI.

$117,465.76

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

6-9-23

Name under which reopened
Loss to depositors on:
Secured claims
Preferred claims
General claims

If so give:

the same
Amount of loss

None
U

Per cent of loss
to claims

None
II

10%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




ith

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

•
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. . .
General claims. ...
Total claims. . . .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims.. . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

80% - 4-10-22
10Q10 - 7- 7-25




If so, give dates and amounts of all assessments

•

#1451

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank
Name of State

Dia State bank
0 Trust company
O Stock savings bank

O Mutual savings bank

Minnesota

O Private bank

•
1. Name of bangtia ran t y State Bank

2. Date organized

8-30-19

Town or City Minneapolis County Hennepin

Date suspended_ 4-6-26

3. Federal reserve district

Population of town or city* 464 400

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

4-6-26

Loans and discounts:
On real estate
Other.
$

Total loans and discounts

120,153.04
3,135.00

Real estate acquired in satisfaction of debts

2,000.00
41,/o4.//
(20,208.20

Investments
All other resources

s- 1-4 ,40-0.24-110,

Total resources

$25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$71,593.30
33,607.65
$ 105,200.95

Total deposits
Borrowings from F. R. bank

15,000.00

Borrowings from other banks
All other liabilities

814200.95

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation'

If so give payments to date:

(Amounts in dollars)
_
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

o

$9,791.74

Per cent of payments
to claims allowed

Secured claims. . . .

9,791.74

Preferred claims. . ". 22,741.0:
Geiwral claims. . . 74,695.37
Cl—bills Pay -I5-,000.0*
Total claims. . -

•

'iCOL ATERALFO
'- '•-• .e-.. • 01.)

- •

10. Has this bank been finally liquidated?
Date liquidation was completed

43%

I,

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. ..
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)Froz en ass et s & depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25 000* Assessment ordered 7—a9-26




•

#1093
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

36

• National bank
[X

Name of State

State bank

[1] Trust company
[1] Stock savings bank

O Mutual savings bank
LI Private bank

Minne so ta

•
1. Name of bank

Harriet State Bank

Town or City

2. Date organized

5-18-14

112023 Population of town or city* 464,400

Date suspended_

3. Federal reserve district

Minneapolis county Hennepin

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

11-20-23

Loans and discounts:
On real estate
Other
199,650.41

Total loans and discounts
Real estate acquired in satisfaction of debts

12,084.42

Investments

16,7;8.76
/24,J

A14.

(31,948.21

All other resources

20e-1421.eov144013
'
1

Total resources

A25,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

118,010.54

Time deposits, including postal savings

125,457.78
$ 243,468.32

Total deposits
Borrowings from F. R. bank

4,500.00

Borrowings from other banks

41)

All other liabilities
$2141,968.32

Total liabilities
7. Has this bank been reopened? Yes
Date of reopening

3-31-24

Name under which reopened
Loss to depositors on:

If so give:

the ssme
Amount of loss

Secured claims

None

Preferred claims

None

General claims

Per cent of loss
to claims

411.11.1•111111.111•
,
,M1

30%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. . .
General claims. . . .
Total claims. .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims. ...




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Deple.t ed.. Ee.serve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Ye s

$25,000 - Paid 12-21-22




If so, give dates and amounts of all assessments

•

#1396
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the hank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Li National bank
Name of State

5

State bank

o

Trust company

El Stock savings bank

O Mutual savings bank

o

Minnesota

Private bank

•
1. Name of bank

Liberty State Bank

Town or City MinneapolisCouny
t Hennepin

2. Date organized

12-19-17

1-13-27

3. Federal reserve district

Date suspended

7

Population of town or city* 464,400

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

1-13-27

Loans and discounts:
On real estate
Other

$ 333,082.34

Total loans and discounts
Real estate acquired in satisfaction of debts

13,751.69

Investments

33,373.00
Liklo.11

(48,610.71

All other resources

4es,sicr.
-9443S,-07
'
8*-)4

Total resources

$50,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

)

Time deposits, including postal savings

154,966.10
200,062.11
$ 355,028.21

Total deposits

ON.

•••••

Borrowings from F. R. bank

20,000.00

Borrowings from other banks
All other liabilities

$435 1028.21

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

A1111111

Secured claims. . .
..$37,384.3: $37,384.38
Preferred claims

270,874.1 122 198.46
---- - r
Avnitkie e• e e
Total claims... 1. - •1:1-2-58-..-41:—t- 1-.1'
43

Cf—effilfbainilssak.

Total payments

1.

r-

$37,384.38

,

122,198.46

41 IMOD,

1 t-',. 1.; ----'

0 1 0011

OS

r) 9)• tr7(1i b- gi.
-•c

Per cent of payments
to claims allowed

100%
45%

•

100% -

‘,. i: ..-1
(ei

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
_
Claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
60%

Yes

8-18-24 - 530,000

If so, give dates and amounts of all assessments

524,780 Paid.' 2-20-25

$50,000 - 11-23-25 - Paid 7-2-26
Statutory/assessment 00,0001.-Assment ordered 7-26-27




#933

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

XI

National bank

f

Name of State

State bank

Li Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank11
1 a-r-ket--atate_BankTown or City

2. Date organized

12-17-10 Date suspended

3. Federal reserve district

12-7.=22

Minneapalis_County

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Hennepin

464,400

6. Condition figures, as of (date*)

12-7-23

Loans and discounts:
On real estate
Other
$ 303,177.23

Total loans and discounts

4,948.12

Real estate acquired in satisfaction of debts
zA

Investments

10,698.59
48,433.20

All other resources

$364-rac-7,4433/,(21.44

Total resources

$25,000.00

Capital

15,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

179,194.90

Time deposits, including postal savings

141,765.17
$ 320,960.07

Total deposits

/NM

Borrowings from F. R. bank

22,500.00

Borrowings from other banks

6,129.39

All other liabilities

$3g9,589.46

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

,

Payments from
XMIRMEtTA

$4,583.02

E4,583.02

$4,583.02

100%

3,106.21

3,106.21

3,106.21

100%

183,485.84

65%
----100co
•

Preferred claims

.

General claims. . . 281,437.26 183,485.84

C 1—Bills Pay.,-- 22,5oe.eo ,
,771-71-1!M72
-- -44r,-*41-w3
. ' 4?Total claims„J.$3-1-1-5-cza 1-?-7_,--74-7----r7.00f.
. - tt -3i-7;Ts's;

1-4,4-2Y-41-:111—

a9

3f
,j 'A :

11110

Per cent of payments
to claims allowed

collateral

Secured claims. . .

Gen

Taal payments

-

,)

10. Has this bank been finally liquidated?
Date liquidation was completed

'2-8 --to

.3t-

o

)

,

•s": 7

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

•
Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). NQ.

D.alc.crt

. j-.117A P.tr11........

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000* As,essment ordered 7-2 - 5




•

4494

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
Li

National bank

gi

State bank

Name of State

• Trust company

O Stock savings bank
O

Mutual savings bank

o

Private bank

Minnesota

•
1. Name of bank

2. Date organized

Mer & Mfg State Bank

7-2-04

3. Federal reserve district

Date suspended

Town or City

2-15-26

7

Minneapolis county Hennepin

Population of town or city*

Member or nonmember of F. R System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




464,400

6. Condition figures, as of (date*)

2-15-26

Loans and discounts:
On real estate
Other

$ 882,260.62

Total loans and discounts

177.857.80

Real estate acquired in satisfaction of debts
Investments

\(5\1

190,921.07
202,632.26

All other resources

$1,453,671.75

Total resources

7

8100,000.0o

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$417,802.92
850,330.67
$1,268,133.59

Total deposits
Borrowings from F. R. bank

66,750.00

Borrowings from other banks
All other liabilities

I3iiS.

,3-34 r8-84.50131471.7C

Total liabilities
7. Has this bank been reopened?

•

If so give:

Date of reopening
Name under which reopened__
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation' _MX_ If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

59,816.71

Preferred claims..27,884.36

Secured claims. . .

O

Per cent of payments
to claims allowed

mfitR,Mcintri
collateral
& advance

Total payments

$59,816.71

9—

$59,816.71

100%

27,884.36

Cr-

27,884.36

100%

General claims. q-.) 062,955.83 478,330.10
n 01-Bills P. .6,750400 -- 0-:
..
;., • , c
Total claim
/

Payments from

:
c/o
.7

O

,r478,330.10
$66,750400--66- 750-.00.
. '
, . ............... ..

45%
100%
--.7,-.12,

1.

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)....FrD.z

..a $.s0:t$

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

100% - $100,000 -.2-10-23 - Center Holding Co. - 12-5-23
$83,000 Paid 4-22-24
Statutory assessment $100,000, Assessment ordered 6-25-27




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[x State bank
O Trust company
O Stock savings bank
O

Minnesota

Mutual savings bank

O Private bank

•

1. Name of bank Mill City State Bank

2. Date organized

11-3-17

3. Federal reserve district

Date suspended_

Town or City

Minneapol4ounty

22-22

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank__

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Hennepin

464 400

6. Condition figures, as of (date*)

4-22-22

Loans and discounts:
On real estate
Other

254,904.52

Total loans and discounts

N one

Real estate acquired in satisfaction of debts

20,000.00
4-01.41/
L 17,294.80

Investments
All other resources

$2-9-2-,130.33
,
0
vPd

Total resources

$50,000.00

Capital

12,500.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

95,556.84
124,870.90
$ 220,427.74

Total deposits
Borrowings from F. R. bank

None

Borrowings from other banks

None

All other liabilities

13,200.00

Ildiscounts

$216,627.74

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

Ye R

If so give:

Name of bank by which taken over Minneapolis National Bank
Date taken over

Minneapolis

May 5, 1922

Loss to depositors on:
Amount of loss

Per cent of loss
to claims

None

Secured claims

None

II

Preferred claims

ft

General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. .

•

General claims. .
Total claims.

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims .
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Frozen assets

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
. or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen,sion ?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#1343
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
[I] National bank

I

Name of State

State bank

1:1

Trust company

o

Stock savings bank

O Mutual savings bank
O Private bank

Minnesota

•
1. Name of bank

2. Date organized_

Nokomis State Bank
3-18-17

Date suspended

3. Federal reserve district

Town or City

5-4-26

Minneapoligcounty Hennepin

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




464,400

6. Condition figures, as of (date*)

5-4-26

Loans and discounts:
On real estate
Other

$ 238 1 206.09

Total loans and discounts

9,649.31

Real estate acquired in satisfaction of debts
Investments

63,621.00

All other resources

62,862.96
374,339.36

Total resources

825,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

;3165,249.52
177,315.13

Time deposits, including postal savings

$ 342,564.65

Total deposits
Borrowings from F. R. bank
Borrowings from other banks

47701 I

All other liabilities

erfr

Total liabilities
7. Has this bank been reopened?

374L,331-34,
If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Anzount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

cr

Secured claims...$10,066.5: q10,066.58

Per cent of payments
to claims allowed

Total payments

$10,066.58

100%

Preferred claims...10,289.2

10,289.24

0'

10,289.24

100%

General claims. . . 289,223.0

203,304.97

cr

203,304_ 97

70%

er-

'i ::::, 4 4 I

66 1 ,

', 309,578.8- 9-2, _!.';
Total claims. . . '

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Frozen assets ° depleted reserv

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

20% - k$5,000 -

If so, give dates and amounts of all assessments

5-1-18

Paid 6-11-18

40% - $10,000 - 8-6-23

Paid 1-18-24

Statutory assessment $25,000; Assessment ordered 5-23-27




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

LX

State bank

Name of State

O Trust company
O Stock savings bank
O Mutual savings bank

Minnesota

O Private bank

•
L Name of bank_

2. Date organized

Northern State Bank
1l-8l6

Date suspended

3. Federal reserve district

Town or City

3-20-22

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

Minneapolis County Hennepin

"----

r------

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




464,400

6. Condition figures, as of (date*)

3-20-22

Loans and discounts:
On real estate
Other

$

Total loans and discounts

185,103.17

Real estate acquired in satisfaction of debts

•••• cat,IMMO

13,282.27

Investments
All other resources

$2c23,755.7234'4114.111

Total resources

$25,000.00

Capital

52000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$114,724.78
80,049.43

Time deposits, including postal savings

$ :194 774.21 ,

Total deposits
Borrowings from F. R. bank

None

Borrowings from other banks

NOPP

All other liabilities

$2414,774.21

Total liabilities
7. Has this bank been reopened?

•

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

Yes

If so give:
10/29/29

Collections:

$ 115,435.36

From liquidation of assets
From assessments on shareholders

8,929.51

Other collections (explain) Int daily balances

2,068.60
$126,433.47

Total collections

$ $30,598.35

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)

Secured claims

Preferred claims
General claims

Claims allowed

Dividends paid from
collections

$3,016.57

$3,016.57

____-i-----

$3,016.57

100%

7,291.16

7,291.16

7,291.16

100%

135,770.57

97,581.57

(--,

c
Total clai&s..




- it

A

14(), 0

„..oviaseraivasia..._,..--

Payments from
rtftrectltriePrid•
tffati'Cu.e.

_

Total payments

97 581.57
,.. _

--...

Per cent of payments
to claims allowed

68.20

eriistitttismiitspasatriffr

/07 g‘ge7,1,o

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Foreign investments

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

- it25,000Statutoryassessment $25,000, Assessment ordered 3-29-23




•

#1235
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
• National bank
Name of State

o State bank

o

Trust company

LI Stock savings bank

o
o

Minnesota

Mutual savings bank
Private bank

1. Name of bank State Deposit Bank

2. Date organized

12-23-15

3. Federal reserve district

Date suspended

7

Town or City

Minneapolis county_lienne_pin

12-7-23 Population of town or city* 464,4_00._

Member or nonmember of F. R. Systen

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

12-7-23

Loans and discounts:
On real estate
Other

364,850.48

Total loans and discounts

10,297.03

Real estate acquired in satisfaction of debts

55,240.17
tiO,101.
C 85 2972.10

Investments
All other resources

rara.91:48LoopS.V.,/
Total resources
$100,000.00

Capital

20,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

182,261.65
. 298,606.60
$

Total deposits

480,868.25
IMO em••••••

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities

•••••••••10.1111111=110.

$400,868.25

Total liabilities
7. Has this bank been reopened?

v

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. . . .

$2,957.54 $2,957.56

Preferred claims. .

20 I 349.2; 20,349.23

Payments from
guaranty fund

.

General claims. .. 413,323.34 2:db . s 55
Total claims. ..

Per cent of payments
to claims allowed

$2,957.56

100%

20,349.23

100%

289,410.55

436 630.04: 3/2,7/7 —

10. Has this bank been finally liquidated?
Date liquidation was completed

Total payments

3.,:.',/

70%,
/1,

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

North Dakota investments

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $1004_0=_ARRpqRmen_t_ordex44_&- ,-25




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
i

0 National bank
in

Name of State

State bank

O Trust company
O Stock savings bank
O

Mutual savings bank

O

Private bank

Minnesota

•
1. Name of bank Western State Bank

2. Date organized 6-9-16

Date suspended

3. Federal reserve district

Town or City

Minneapoli— ECounty

4-19-22 Population of town or city* 464,400

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Hennepin

6. Condition figures, as of (date*)

4-19-22

Loans and discounts:
On real estate
Other
$

Total loans and discounts

384,038.68
None

Real estate acquired in satisfaction of debts

24,403.75

Investments

41,105.47
- 94•4449-,54.7.4(34,174/6y-if

All other resources
Total resources

S25,000.00

Capital

6,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

177,346.71

Time deposits, including postal savings

239,153.04
$ 416,499.75

Total deposits
Borrowings from F. R. bank

23,670.00

Borrowings from other banks

ip

All other liabilities

$410,169.75

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. . .
General claims. ...
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

Yes

If so give:

5-27-30

Collections:

$62,098.89

From liquidation of assets
From assessments on shareholders

2,525.00

Claim & Int on daily
balance
Other collections (explain)

5,233.95

$269,857.84

Total collections

s

Offsets to claim (loans paid, etc.)

56,812.62

Payments to depositors:
(Amounts in dollars)
...._
Claims allowed

Dividends paid from
collections

27119ifIVOI MX

COCIIMIlif

;

Total payments

Per cent of payments
to claims allowed

Advanced

Secured claims
Preferred claims
ralgy
ims
.anej3
Total claims




$1,008.22

$1,008.22

$1,008.22

100%

2,375.37

2)375.37
209,064.66

2,375.37

100%

209,064.66

62.1%

36 291.07

'— — , -"'"''11
C,7'
Oc3B 2-12-i 44iI
-1
- —
3391V1otc.

--„ -z.-...i..: -...,..itai

'- —

aliffori: ....

3. /41

-4-GO--

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Poor Montana investments

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

WWW

Statutory assessment $25,000; Assessment ordered 3-19-24




•

#1392
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
)
dr.

0 National bank
DO

Name of State

State bank

O Trust company
O Stock savings bank
O

Mutual savings bank

inne sota

O Private bank

1. Name of bank Farmers State Bank

2. Date organized

11-30-17

Date suspended_

3. Federal reserve district

Town or City

Minn eiska

12-8-26

Population of town or city*

County

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Wsbasha

250

6. Condition figures, as of (date*)

12-8-26

Loans and discounts:
On real estate
Other
$

Total loans and discounts

105,829.38
18,282.36

Real estate acquired in satisfaction of debts

2,000.00

Investments

23,597.07

All other resources

$149,708.81

Total resources

$10,000.00

Capital

6,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$28,597.15
98,452.49
$ 127,049.64

Total deposits
Borrowings from F. R. bank

=NM .NE.01E0.0.10

Borrowings from other banks
/

All other liabilities
Total liabilities

/49, 70818/
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_

Secured claims
Preferred claims. ..
General claims. . .

$179.59

$179.59

24,566.11

75,339.67

7 h-_;) j (I,

Total claims. .'.$.24,745.70

10. Has this bank been finally liquidated?
Date liquidation was completed

o-

$179.59

100%

(i--

75,339.67

60%

o-

7CC/9,
I

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Depleted reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'

•

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment t10,000; Assessment ordered 6-24-27




•

#466
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

!"-

Name of State

State bank

o Trust company
o Stock savings bank
O Mutual savings bank
o Private bank

MI.nnesota

•
1. Name of bank Peoples State Bank

2. Date organized

1-29-04

3. Federal reserve district

Town or City

Monterey

county

Date suspended

7-13-28

7

Member or nonmember of F. R. Syste

Population of town or city*

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Martin

317

6. Condition figures, as of (date*)

7-16-28

Loans and discounts:
On real estate
Other
146,270.32

Total loans and discounts

11,334.66

Real estate acquired in satisfaction of debts

VA

Investments

2,007.64
404.04
/11,818.76

All other resources

$1-7-1-7431.38/1Y103374-1/

Total resources

$10,000.00

Capital

5,500.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

54,041.70
69,861.14
$

Total deposits

123,902.84

Borrowings from F. R. bank
29,200.00

Borrowings from other banks

3,432.58

All other liabilities

$173;035.42

Total liabilities
7. Has this bank been reopened?

•

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

'cINTIVelti

payments

Per cent of payments
to claims allowed

Taal

& advance

•

Secured claims. . . .
Preferred claims..

r

- $1,040.64: $1,040.69

118 441.4. 53,322.54

tr• SO ell
Gen C.e4fitilUmI)ay
148 682.1.' .J ' '
Total claims

10. Has this bank been finally liquidated?

$1,040.69

(i"
53,322.54
29,2O0.00 29 t 200.00
",i ri ;,.-,.- t.(,?,,

100%
45

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
,
Claims allowed

Secured claims

Preferred claims. ..
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Lack of reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment 4310,000; Assessment ordered 9-29-28




•

#790
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

al State bank
O Trust company
O Stock savings balk
O

Mutual savings bank

Minnesota

D Private bank

•
1. Name of bank Chippewa

2. Date organized

4-3-08

Co St Bk

Date suspended

Town or City

5-29-24

3. Federal reserve district

Montevideo county Ohiprewa

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




5000

6. Condition figures, as of (date*)

5-29-24

Loans and discounts:
On real estate
Other
$ 570,234.37

Total loans and discounts

87,217.28

Real estate acquired in satisfaction of debts

Cicl(c 6,136.42

Investments

t 1,111-3C
(72,902.62

All other resources

It.y.5e74.943.74.974373.

Total resources

$60,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

$116 ,995.74

559,377.30

Time deposits, including postal savings

$

Total deposits

676,373.04

Borrowings from F. R. bank

4•1•. ONO

Borrowings from other banks

MN,.1•11,...

All other liabilities

OMB MEM OOP

,373.04

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . .

$23,636. 4

$23,636.14

$23 P 636.14

100%

General claims. . . . 644,564.1

193,243.2c

193,243.20
,

30%

Preferred claims . .

}%7 :.668 200. 5 2-/6

Total claims

10. Has this bank been finally liquidated?
Date liquidation was completed

.

07

,

3.Y. 4

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
(leneral claims.
Total claims. .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Frozen aRse.ts

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or,otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $60,000; Assessment ordered 6-18-?25




•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
• suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

L

State bank

Name of State

O Trust company
O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Chipp_evia Co St Bk

2. Date organized 4-3-08

Town or City Montevideo

Date suspended 7-20-21

3. Federal reserve district

countyhipRelia_

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

-

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




5000

7-20-21

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 922,270.48
14,173.96

Total loans and discounts
Real estate acquired in satisfaction of debts

25,052.66

Investments
All other resources

,808.21 i,etv.(13S-43

Total resources

$60,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

$128,053.84

Demand deposits, including U. S. Govt. deposits

647,321.89

Time deposits, including postal savings

$ 775,375.73

Total deposits
Borrowings from F. R. bank

169,000.00

Borrowings from other banks

11,360.00

Notes re.difimounted

All other liabilities

5,735.73

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yew

If so give:

June 19, 1922

Name under which reopened Chippewa County State Bank, Montevideo
Amount of loss

Loss to depositors on:
Secured claims
Preferred claims

$

None

lion?.

None

None
20%

General claims
Total

Per cent of loss
. to claims

----

* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

•
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. . . .
Total claims. . . .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to. depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Frozen assets & mismanagement

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended
ifa




- /111
'

If so, give dates and amounts of all assessments
41-()9.0 e_d

/0g

•

#1045

FEDERAL RESERVE CONINIITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Q

National bank
E l

Name of State

State bank
Trust company

O Stock savings bank
O Mutual savings bank
D Private bank

Minnesota

•
1. Name of bank Far & Mer State Bank

2. Date organized 7-16-13

3. Federal reserve district

Town or City Montevideo

Date suspended 1-15-24

7

County Chi o_p_elva

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




5000

6. Condition figures, as of (date*)

1-15-24

Loans and discounts:
On real estate
Other.
$

Total loans and discounts

439,727.59
69,741.52

Real estate acquired in satisfaction of debts

12,263.20
3it o• 1
I
/29,674.68

Investments
All other resources

../51 400.343frii/41.11#

Total resources

$75,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
$

Due to banks**

$100,187.61

Demand deposits, including U. S. Govt. deposits

255,662.82

Time deposits, including postal savings

$ 355,850.43

Total deposits

•••••

Borrowings from F. R. bank

114,946.73

Borrowings from other banks

••••••••••••011.11100,

All other liabilities

797.16

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yee

If so give:

11-24-24

Name under which reopened__ the same
Loss to depositors on:
Secured claims
Preferred claims
General claims

Amount of loss

None
None

Per cent of loss
to claims
-

••=0-01•1.

OM IOW 41.41•

40%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. .
General claims.
Total claims. .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name).
Other causes, (specify)

epleted reserve and
frozen assets

X
X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

40

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

$15,170 — Paid 4-6-23




If so, give dates and amounts of all assessments

•

#1045
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank

[I

Name of State

State bank

O Trust company
El Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Far

& Mer State Bank

2. Date organized 7-16-13

3. Federal reserve district

Date suspended

Town or City

Montevideo County_QU.pWa
pe

12-13-27 Population of town or city*

7

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




5000

6. Condition figures, as of (date*)

12-13-27

Loans and discounts:
On real estate
Other
$ 235,648.35

Total loans and discounts
Real estate acquired in satisfaction of debts

fID-J 16,542.37

Investments

50,275.13

All other resources

$302,465.85

Total resources

$50,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$143,609.75
88,899.07

Time deposits, including postal savings

$ 232,508.82

Total deposits
Borrowings from F. R. bank

14,595.10

Borrowings from other banks

714 /, 93

All other liabilities

$'2447±eaTee''

Total liabilities
7. Has this bank been reopened?

3 a 1-,A4S7

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims

Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

'T.InkreTH

co

Secured claims. . . • 14,249.98

$14,249.98

32,584.45

32,584.45

Preferred claims.
General claims. . .

P
,tn Cl-Bills
Total clams..

71,420.62
17,472.24
595-..-10
- - /: 41---r

/

2.„

otal payments
T

& advance
(i
1;14,249.98
tr-

e14,595.10

32,584.45
17 1 472.24
14,-595-10

.--

Per cent of payments
to claims allowed

100%
100%
10%

--I0Of

,,

-)

0

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims.




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

k

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

Voluntary 3400 - $22,500 - 12-18-22
$15,170 Paid 4-6-23
Statutory assessment 450,000; Assessment ordered 6-13-28




•

#1089

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

•

Type of bank reported—check
appropriate one of the following

• National bank
Name of State

[X] State bank

O Trust company
▪ Stock savings bank
El

Mutual savings bank

o

Private bank

Minnesota

•
1. Name of bank

Montevideo State Bank Town or City

2. Date organized

5-9-14

3. Federal reserve district

Date suspended

9-15-26

7

Montevideo county Chippewa
5000

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




e.

6. Condition figures, as of (date*)

9-15-26

Loans and discounts:
On real estate
Other
$ 91,876.13

Total loans and discounts

41,286.45

Real estate acquired in satisfaction of debts

798.43
44*/
(19,275.14

Investments
All other resources

St-SZTaagy--15f-r3/

Total resources

8o-8T

$25,000.00

Capital

6,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

47,139.05

Time deposits, including postal savings

60,221.44
$ 107,360.49

Total deposits
Borrowings from F. R. bank

15,320.40

Borrowings from other banks

•

All other liabilities

$14,680.89

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to clahns

Amount of loss

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

Claims allowed

Yes

If so give payments to date:
(Amounts in dollars)

Dividends paid from
collections

Payments from
XiM102/11,36

Total payments

Per cent of payments
to claims allowed

$7,091.54

100%_

collateral
advance
Secured claims. . . .
Preferred claims..$7,091.54
Ganeral claims. . . . 98,976.98
I 1—.13411.18 kiay
15,320.40
Total claims. .- 41
1
.
,
0 G

-,
n L

$7,091.54
9,938.85
,,l! 't !')
N

(:,

9,938.85
$15,320.40 15,320.40
I fj- ,", V)
v!.'2,3 :" I -

10%
100%
.0

2-..-..,

1'
)i

10. Has this bank been finally liquidated?
Date liquidation was completed

n

•?,, ..' 9

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).

T.0Z011..a8.8 0.'t S..&.e.p1.et.Q cl. .re.$?,/'V

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

40% $10 000 - 1-10-25

If so, give dates and amounts of all assessments

Paid A-13-25

Statutory assessment $25 000; Assessment ordered




•

#211

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

State bank
0 Trust company
O Stock savings bank

Minnesota

O Mutual savings bank
O Private bank

•
1. Name of bank

Citizens State Bank

2. Date organized 5-4-1894

Date suspended

Town or City Monticfello county

2-23-27

3. Federal reserve district

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Wright
1150

6. Condition figures, as of (date*)

2-23-27

Loans and discounts:
On real estate
Other

$ 271,144.07

Total loans and discounts
Real estate acquired in satisfaction of debts

27,283.00

Investments

20,601.00
13,383.69

All other resources

332,411.76

Total resources

25,000.00

Capital

8,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

$56,698.42

Time deposits, including postal savings

222,124.17
$

Total deposits

278,822.59
OM.

Borrowings from F. R. bank

=MO

20,500.00

Borrowings from other banks
All other liabilities

2 ,33-3-JD-

Total liabilities

333-,4//,74.
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

YesIf so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from

annittrilymb

Total payments

Per cent of payments
to claims allowed

100%

collateral
116,911.76
Secured claims. . . . 16,911.76

r

16,911.76

15,859.59

r

_15,859.59

Preferred claims. . . 15;859.59

r
25,216.9i,
20 -,500.00 - ,-o-b 1-0-----.

General claims. . . 92,364.96 125,716.94
3,

,../...,
3
-5.1.7

Total clainis-:-.:-.:1345,636.31 lb- WA V:4------- - -----9647-b-PA.-- 4-1.k 911

Lwi

LQo$____

ci

IA- 2/1

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Secured claims. . . .
Preferred claims. ..
G eneral claims. . . .
Total claims. . .




000

e

0Msf 1,4-1 k,k.cLfk,a

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25 000; Assessment ordered 7-7-27




•

#413

FEDERAL RESERVE COMMITTEE ON
BRANCH', GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank
Name of State

X] State bank

o

Trust company

O Stock savings bank
O Mutual savings bank

o

Minnesota

Private bank

•
1. Name of bank State Bank of Montrose

2. Date organized

4-18-03

Date suspended

3. Federal reserve district

Town or City

11-4-27

4ontrose

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Wri ght

250

6. Condition figures, as of (date*)

11-4-27

Loans and discounts:
On real estate
Other

$ 161,967.70

Total loans and discounts

29,107.46

Real estate acquired in satisfaction of debts

6,350.00

Investments

25,144.75

All other resources

222,569.91

Total resources

$20,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$50,458.97
130,956.53
181,415.50

Total deposits
Borrowings from F. R. bank

13,500.00

Borrowings from other banks

si6.c4-4/

All other liabilities

1-9479-16-v&G-

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




0

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

.$4,626.21
Secured claims. .
claims...4,455.92
Preferred

Dividends paid from
collections

$4,626.2.1

Payments from
iffiatZfliKZfl

collateral
& advance
a"-

4,455.92

a"

Total payments

Per cent of payments
to claims allowed

$4,626.21

100%

4,455.92

100%

u65,487.35
General claims . . 163,643.27 65,487.35
—$13 500-6-00, --13)500.00.
01-B1-1-1-6 ---Py-- 13-J-500.-00- --;--;-,-----...7-rz'
Total claims-,L86 p 225.40 Of)5 6' 7. ,
-1 •
4? (
1 :3 ''; 4
'ISA-, 1 , 1

10. Has this bank been finally liquidated?
Date liquidation was completed

40g
1'1

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
lk cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $20,000, Assessment ordered 6-11-28




•

#420
FEDERAL RESERVE CONINIITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

Do State bank
El

Trust company

O

Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

First State Bank

5-12-03

Date suspended

Town or City

Moorhead

County Clay

11- 8—a3 Population of town or city*

Member or nonmember of F. R. System

3. Federal reserve district

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




7500

6. Condition figures, as of (date*)

11-28-23

Loans and discounts:
On real estate
Other

473,047.09

Total loans and discounts

17,965.00

Real estate acquired in satisfaction of debts

2,980.40

Investments

21',°
3f
.86

All other resources

$5447

Total resources

860,000.00__

Capital

30,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$156,999.17
181,701.51
$

Total deposits

338,700.68

Borrowings from F. R. bank

92,762.80

Borrowings from other banks
All other liabilities

41,463.48
i

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
xmixtymbi Mork

Total payments

Per cent of payments
to claims allowed

collateral
advance

_
Secured claims. . .
Preferred claims. .

$6,141.38

•.

320,326.30

S6,141.38
32,139.38

22_,_Iez.-ere
- __it
..,-.
Tota1-claims:7

ApetYgl cPknys.

_ ,--

$6,141.38
32,139.38

100%
10%

"5-1-1-7e09745- —
,
,-7,----77-------7-1-7609-74

....r.70,•,,--.....,,,,,

IIIMINSIIIIP

....

J..:

• 't
'
)'-(

r

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $60 000* Assessmpnt ordered 2-20-25




•

#1236
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

'
n• (5 (1)

0 National bank
Name of State

X] State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

o

Private bank

Minne.sota

1. Name of bank Farmers State Bank

2. Date organized

Town or City

12-28-15 Date suspended 12-16-25

3. Federal reserve district

Moose LakcountyCarlt n___

Population of town or city* 1000

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

*Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

1_2-16-25

Loans and discounts:
On real estate
Other

$

Total loans and discounts

352,727.57
13,900.00

Real estate acquired in satisfaction of debts

\ 43,852.36

Investments

29,514.61

All other resources

$439,994.54

Total resources

$25,000.00

Capital

5,000,00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$103,247.65
271,831.05
$

Total deposits

375,078.70

Borrowings from F. R. bank

33,750.00

Borrowings from other banks

41,

All other liabilities
$408,83.7e4,t3/q4.

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
gralantgatact

Per cent of payments
to claims allowed

Total payments

rigIggi

Secured claims. . ' 25,558.00

$25,558.00

Preferred claims...2,073.64

2,073.64

I.
,

117?538.28
0 ,750.00
,

General claims. . . 35,444.18

CI—Bills P.

N,7N.QQ
b,86n.06
Total claims. .*
5. :
)

: so

100%

2,073.64

1005

117,538.28
33750.04
)(Is. I L 9.9 c)_

10. Has this bank been finally liquidated?

35%
100%
001
:
1

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Llt),

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)_
Froz en assets and
Other causes, (specify)
Depleted.•reserve

X
X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Statutor




No

If so, give dates and amounts of all assessments

assessment '
.25 000* Assessment ordered 9-8-

+612
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank

J
EJ
1=1
O

State bank

o

Private bank

Name of State

Trust company
Stock savings bank
Mutual savings bank

Mj.rmesota

•
L Name of bank Stevens Co St Bk

2. Date organized

4-3-06

3. Federal reserve district

TOW11 or City

Morris

County

Date suspended

12-17-29 Population of town or city*

7

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Stevens

2750

6. Condition figures, as of (date*)

12-17-29

Loans and discounts:
On real estate
Other
402,948.13

Total loans and discounts

53,839.76

Real estate acquired in satisfaction of debts

C\ 115,640.46

Investments

22,521.8?

All other resources

$"&&4
79-56 -2-2404A3•41

Total resources

$50,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits

)

Time deposits, including postal savings

$165,105.94
284,827.51
$

Total deposits

•=1/...M.011.111.

Borrowings from F. R. bank

90,257.75

Borrowings from other banks

1,377.41

All other liabilities

$601,568.61

Total liabilities
7. Has this bank been reopened?

449,933.45

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

Claims allowed

Ye
If so give payments to date:
(Amounts in dollars)

Dividends paid from
collections

Payments from

cffnfalii

Total payments

0'

$59,996.2

Per cent of payments
to claims allowed

& advance
$59,996.40 $59,996.20

Secured claims

100%

19,238.'4

19,238.94

C

19,238.9

LOCK__

General claims. . . . 380 2493.14
a Cl—Bills PayA,Q0
Total claims. .. .

38 2 049.31
a—
,

C
90,257.75

ag'_049.31
90,257.7

10%
100%

Preferred claims

,§R.Z.1

A

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Depleted reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

N.

If so, give dates and amounts of all assessments

Statutory liability $50,000




Assessment ordered 3-29-30

Or

#966

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

4E1 State bank
O Trust company

O Stock savings bank
O

Mutual savings bank

Minne?ota

O Private bank

•
1. Name of bank

Farmers State Bank

2. Date organized

7-11-11

Town or City

1—5-28
Date suspended_

3. Federal reserve district

Id orr st owncounty

Rice

Population of town or city*

750

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

-1528

Loans and discounts:
On real estate
Other

$

Total loans and discounts

159,420.01
38,780.94

Real estate acquired in satisfaction of debts

\6(4)

Investments

7,184.11
/ 4.14
,

(25,185.17
$230,570•3,3)4"44i"

All other resources
Total resources

g20,000.00

Capital

4,000.00

Surplus and undivided profits
Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits

77,077.68

Time deposits, including postal savings

99,897.27
$ 176,974.95

Total deposits
Borrowings from F. R. bank

31,250.00

Borrowings from other banks

•

All other liabilities
$25Y224.95

Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Ye s

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
.p. • t-As) 's C•isti

Total payments

Per cent of payments
to claims allowed

co lateral.
& advance
A

Secured claims. . . 113 2,344.39
claims...8,521.89
Preferred

$2,344.39

..,r

42,344.39

.100%

8,521.89

r

8,521.89

,100%

153,827.61

84,605.18

943.89
,
eyi95-.1
..
Total claims.74

I :', 11 'I I,

t, Li, ,icliil

r-

84 / 605.18
55
3 427b0..oo -.31 12-50.00..... .‘. _-• 10 -,
•',I,-1 ,-. ,e;i-•
1-9'• A• 7 i
f i.

'154 Li 7 )

10. Has this bank been finally liquidated?
Date liquidation was completed

Lp, 7
c.14-

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Poor paper and lack of reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

75% - $15,000 - 3-26-25

$10,000 Voluntary

100% - $20,000 - 9-17-25

Paid 3-29-26

50% - $10„000 - 10-18-26

Paid 1-8-27

Statutory assessment $20,000; Assessment ordered 3-19-28



•

#751

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
M

Name of State

State bank

O Trust company

LI Stock savings bank

o
o

Minnesota

Mutual savings bank
Private bank

•
1. Name of bank State Bank of Morton

2. Date organized

3-12-08

3. Federal reserve district

Town or City

Date suspended 2-23-26

7

Morton

County Renville_

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

...---

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




800

6. Condition figures, as of (date*)

2-23-26

Loans and discounts:
On real estate
Other

$ 118,074.02

Total loans and discounts

000 =0.00.

Real estate acquired in satisfaction of debts

\-A\ 12,500.00

Investments

25,493.48

All other resources

$156,067.50

Total resources

,25,000.00

Capital

10 000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$12,687.62
103,152.47
$ 115,840.09

Total deposits
Borrowings from F. R. bank

ewe, •••••••••••m

Borrowings from other banks
All other liabilities

$I-1-57640

Total liabilities
, 7. Has this bank been reopened?

09/.1--40(07,J

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

;
9. Is this bank still in process of liquidation

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. .
General claims. . .

4,639.1! $4,639.12
111,413.7
.•

Total claims

$4,639.12

73,754.45
0.0
.

•r
00

,

73,754.45
0--

7t,;9 ii.

J
. %

100%

6 7.

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Frozen assets

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000* Assessment ordered 6-18-3.0




•

#751

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CRAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank

[A

55

Name of State

State bank
Trust company

Li Stock savings bank

o
o

Mutual savings bank

mixne sota

Private bank

•
1. Name of bank

2. Date organized

State Bank of Morton
3-12-08

Date suspended_

3. Federal reserve district

Town or City

4-8-25

Mort on

County Renville

Population of town or city*

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




800

4-8-25

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$

Total loans and discounts

287,214.52
20,608.00

Real estate acquired in satisfaction of debts
Investments

••••••

11,314.03

All other resources

S-3-10,1g6.5531,3,4/.01

Total resources

$25,000.00

Capital

10,000.00

Surplus and undivided profits
Deposits:

)

Due to banks**

60,778.08

Demand deposits, including U. S. Govt. deposits

198,276.11

Time deposits, including postal savings

$

Total deposits
Borrowings from F. R. bank

259,054.19
MOP WM raM..1•••••

29,536.90

Borrowings from other banks
All other liabilities

0)
3
1 ,591.09

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

If so give:

11-9-25

Name under which reopened

the same

Loss to depositors on:
Secured claims

Preferred claims
General claims

$

Amount of loss

Per cent of loss
to claims

None

---

None
50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . .
Preferred claims.
General claims.
Total claims. ...

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Prii nary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Frozen Assets

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

/-7



NO

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
E] National bank
Name of State

E1 State bank
EJ

Trust company

LI Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank Mt.Iron First St Bk
2. Date organized 11-11-16

Date suspended_

3. Federal reserve district

Town or City Mt• Iron

County St•Louis

9-2-21 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

4----

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




1800

9-2-21

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 202,762.64

Total loans and discounts
Real estate acquired in satisfaction of debts

4,000.00

Investments

10,886.55

All other resources

$217,649.19

Total resources

$15,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $
$125,882,35

Demand deposits, including U. S. Govt. deposits

60,010.10

Time deposits, including postal savings

$ 185,892.45

Total deposits
Borrowings from F. R. bank

Mae OM,OM

Borrowings from other banks
4110

/3, 756,74

All other liabilities

$1-85,8ft.45)47,44141

Total liabilities
7. Has this bank been reopened?
Date of reopening
Name under which reopened
Loss to depositors on:
Secured claims
Preferred claims
General claims

Yes

If so give:

8-2-22
the same
Amount of loss

None
II

Per cent of loss
to claims

None
lione
None

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims
Preferred claims
General claims
Total claims

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Large amount of questionable village warrant
Other caltses, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




If so, give dates and amounts of all assessments

•

#1162
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
^

C1

O National bank
CM

Name of State

State bank

O Trust company

O Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

2. Date organized

Farmers State Bank

3-19-15

3. Federal reserve district

Town or City Murdock

Date suspended 12-5-29

7

County

Population of town or city

Nlernber or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Swift

00

6. Condition figures, as of (date*)

1

12-5-2

Loans and discounts:
On real estate
Other.
Total loans and discounts

144,240.42

$

29,190.57

Real estate acquired in satisfaction of debts
‘
0C1

Investments

3,400.00

t,

34

114,074.11

All other resources

130 905.10
$,

Total resources

325,0G0.00

Capital

12,500.00

Surplus and undivided profits
Deposits:
Due to banks**

)$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

112,438.96
$ 139,671.97

Total deposits
Borrowings from F. R. bank

MOM OM.r•IM,

Borrowings from other banks
;

All other liabilities

$11V,#90.44

Total liabilities
7. Has this bank been reopened?

2,018.47

If so give:

Date of reopening
Name under which reopendcl___
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

,
if:
Secured claims.
Preferred claims
.,
1•

Gen

=ammo
collateral
6c aavance

____

Total payments

Per cent of payments
to claims allowed

__—
$1,045.74

:1Eir
ieials
claksr..,
% 130

Total claims

Payments from

$.1,045174

889.10

26/ 437.78
0"'

;.
C4Ardr-IM411

"4 045.74 , 100%
i
.4,-- i.
- _,.......Aa.

%%abut••Aum.,%...., ----

26 437.78

2
.
'
•

illirilMie 4// MII No ....I.. ...... -

'
Pri°'1':'
"
,V4n5iiar"*'et
_.

fitkr17

•

%

(1,
10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
•

From assessments on shareholders
Other collections (explain)
Total collections

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. .
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Poor paper & depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $25,000




Assessment ordered 2-14-30

•

#662

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

O
[x
O
O

National bank
Name of State

State bank
Trust company
Stock savings bank

o

Mutual savings bank

D

Private bank

Minnesota

•
1. Name of bank Nelson State Bank

2. Date organized

423-07

3. Federal reserve district

Date suspended

7

Town or City

Nelson

2-4-27

Population of town or city*

County

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Douglas

200

6. Condition figures, as of (date*)

2-4-27

Loans and discounts:
On real estate
Other

$ 155,701.42

Total loans and discounts

9,600.00

Real estate acquired in satisfaction of debts

8,500.00
itt-y.Y)
118,908.54

Investments
All other resources

$i

Total resources

,

.'l
r tf3i v?
'1 1

$12,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$39,407.07
139,115.12
$

Total deposits

178,522.19
elm ••••=••

Borrowings from F. R. bank
Borrowings from other banks

m.i.•••••=.11•1,

All other liabilities

011110 ei•••1110.•••nr

6113,522.19

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)

Secured claims. . . .
Preferred claims. .

Dividends paid from
collections

$8,029.9'

„r6,676.30

r

$6,676.30

83%

679.64

679.60

r

679.60

100%

84,183.25

er

84)183.25

50%

9 I1 ",,q.

r--

919.

168,179.0

General claims. . .
Total claims. .

Claims allowed

..,

...
....

10. Has this bank been finally liquidated?
Date liquidation was completed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

‘c7:7

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $12,000; Assessment ordered 11—P-27




•

#709

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El

National bank
Name of State

a State bank
O Trust company

Ej Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank State Bank of Nevis

2. Date organized

11-11-07

3. Federal reserve district

Date suspended

7

Town or City

1-24-30

Nevis

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Hubbard

412

6. Condition figures, as of (date*)

12430
——

Loans and discounts:
On real estate
Other
$ 39,683.15

Total loans and discounts

4,100.00

Real estate acquired in satisfaction of debts

v-_-) 5,000.00

Investments

6,471.14

All other resources

$55,254.29

Total resources

$10,000.00

Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$
) $23,752.27
18,215.00

Time deposits, including postal savings

$

Total deposits

-----

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities

411_967.27

RedisQounte

2,600.00
3/4.• 0 V
431.00

•

$44 998.2?

Total liabilities

-yr,A
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
' Yes
9. Is this bank still in process of liquidation.
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from

gaimagmam

Total payments

Per cent of payments
to claims allowed

&
NiggEal

Secured claims. . . .
Preferred claims. . .

$4,718.2. $4,718.26
7,987.8

$4,718.26
./r

10.00

100%

10A00

28 633.8'.
:24eGnenni-citilis16P.

"APO

Total claims... . '..'

90

r
r 2,r,

• • I'

$2,600.00

2 t 600.00

.
i,)

10. Has this bank been finally liquidated?
Date liquidation was completed

10

4,,-7

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims.
Total claims




.

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted rasexve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

35% - •31 500 - 4-21-24

Pai

50% - $5,000 - 11-7-25
50% - $5,000 - 7-3-29

Paid 3-19-26

j-9-24

Statutory Assessment $10,000; Assessment ordered 4-14-30




•

#705

FEDERAL RESERVE CONINIITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank

g

State bank

Name of State

O Trust company
O Stock savings bank
O

Minnesota

Mutual savings bank

O Private bank

•
1. Name of bank

2. Date organized

Far & Mer State Bank

3-11-05

3. Federal reserve district

Town or City NeW f0lden

Date suspended_ 6-1-27

7

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Marshall

300

6. Condition figures, as of (date*)

6-1-27

Loans and discounts:
On real estate
Other
$ 168,209.05

Total loans and discounts

21,914.06

Real estate acquired in satisfaction of debts

2,891.36

Investments

0°
5
11 f_ ,L
8t.$
$201,0443_,s33.13;1(0,311

All other resources
Total resources

20,000.00

Capital

4,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits

$37,791.11

Time deposits, including postal savings

132,340.61
$ 170,131.72

Total deposits

4.10

Borrowings from F. R. bank

19,376.60

Borrowings from other banks
All other liabilities

•

••••

f
ni3,510.32

Total liabilities
7. Has this bank been reopened?.

OM.••••

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims

Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims

Total claims

Payments from

camenl

Total payments

$1,803.00 $1,803.00

Cr-

$1,803.00

.
5 P 81275

tr

5,812.75

5,812.75

Preferred claims
General claims.

Dividends paid from
collections

161,232.92 48,369.87
—. 1
,--7 -c5;

er'

Per cent of payments
to claims allowed

100%

IOW__

3
48,369.87
---19-37-i-6-0- -,-------1

,

1

1
If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Lack of reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended)

No

If so, give dates and amounts of all assessments

Statutory assessment $20,000, Assessment ordered 11-22-27




#583

FEDERAL RESERVE COMMITTEE ON
BRANCII, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

2 State bank
0 Trust company
O Stock savings bank
O

Mutual savings bank

Mi,r1Tlesota

O Private bank

•
1. Name of bank St Bk of New Germany

2. Date organized

8-21-05

Town or City New Gennany_county Carver

Date suspended 2-a6,25_

3. Federal reserve district

Population of town or city* 250

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




2-26-25

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Othe

$ 122,308.17

Total loans and discounts

36,606.22

Real estate acquired in satisfaction of debts

6,545.00
143-04
( 22,278.74

Investments
All other resources

$187,738.13 I

Total resources

$20,000.00

Capital

2,915.51

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

)

S40,179.16
120,816.50

Time deposits, including postal savings

$ 160,995.66

Total deposits
Borrowings from F. R. bank

4,500.00

Borrowings from other banks

•

All other liabilities

$166,i1g-6.-6.61asi6t/i

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

If so give:

6-1-26

Name under which reopened
Loss to depositors on:

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

-••••••••••••

Preferred claims

None

-

General claims

•••• elio•

65%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




/7

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. ..
General claims. ...
Total claims. . . .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . . .
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

$19,000




Yes
Paid

If so, give dates and amounts of all assessments

8-20-24

•

#123
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Li National bank

g

Name of State

State bank

• Trust company

El Stock savings bank
O Mutual savings bank
O Private bank

Minnesota

1. Name of bank State Bank of New London Town or City New London

2. Date organized

5-13-1890 Date suspended

3. Federal reserve district

7

116
--2

county Kandiyohi

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estiMate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




500

1-16-28

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other.

349,580.76

Total loans and discounts
Real estate acquired in satisfaction of debts

71,686.01

Investments

3

All other resources

36,
1

228.73

Ig.f)?

Total resources

$25,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits

)

49,352.12
406,803.42

Time deposits, including postal savings

$ 456,155.54

Total deposits

WM, OMI•

Borrowings from F. R. bank

13,000.00

Borrowings from other banks
All other liabilities

01.1.•••• ON.

$419,155.54

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

If so give:

3-26-28

Name under which reopened
Loss to depositors on:

the same
Anzount of loss

Secured claims

None

Preferred claims

None

General claims

M110 aim ONO

Per cent of loss
to claims

••••••./. 110M.

60%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

.
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . .
Preferred claims
General claims
Total claims

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
• Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).

Q.C1

. pux.po.se..of

reorganization

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments
110
de,
,2p

j
-d

#723

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

• State bank
El

Trust company

• Stock savings bank

LI Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

New Munich State Bank

2. Date organized 1-8-08

Town or City New 141.1.11.thil_County Stearns

Date suspended_ 11-26-23 Population of town or city*

Member or nonmember of E. R. System

3. Federal reserve district

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




325

11-26-23

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$

Total loans and discounts

310,966.46

Real estate acquired in satisfaction of debts

.m..•••••••••••••

Investments

••••••••••••••••••

/ 21,606.21

All other resources
Total resources

$20,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

)$
)

39,122.29
269,930.07

Time deposits, including postal savings

$ 309,052.36

Total deposits

a,m

Borrowings from F. R. bank

••••••1•11••••••

Borrowings from other banks

•

All other liabilities
311,052.36

Total liabilities
7. Has this bank been reopened?
Date of reopening

2-26-25

Name under which reopened
Loss to depositors on:

If so give:

YCI3

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

•
1
11•110•••••••1112

Preferred claims

None

•••••••••......

General claims

50%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . .
Preferred claims. . .
General claims. . . .
Total claims

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Montana investments

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#442
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
[1] National bank

50 State bank
El Trust company
El Stock savings bank

O Mutual savings bank

o

Private bank

•
1. Name of bank

First State Bank

2. Date organized

—
912-03

3. Federal reserve district

Town or City New York klil)g.nty Otter Tail

Date suspended 5-21-26

7

Population of town or city* SOO

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

5-21-26

Loans and discounts:
On real estate
Other
$

Total loans and discounts

222,608.87

Real estate acquired in satisfaction of debts

24,662.88

Investments

13,529.51
W,1q
14; 4.68

All other resources

$375,10-5:94 "Y/V/413

Total resources

825,000.00

Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$81,628.94
128,726.68
$ 210,355.62

Total deposits
Borrowings from F. R. bank
Borrowings from other banks

30,248.00

All other liabilities

13,590.51
$211,194.13

Total liabilities
7. Has this bank been reopened?

•

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

Yes

9. Is this bank still in process of liquidation

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
xv.I.Destxdpitth

Total payments

Per cent of payments
to claims allowed

collateral
$10,776.t4 $10,776.84

$10,776.84

100%

16,299.22

1095

75,812.88
75,812.88
('•
'..-Y-•
30,248,00
$
'
4
.
30,248,00
:
'
•
e
Ca—al:Ile-Pay/14341
t.,:8 !.; 1 .
' t“ ..,1'7
Total claims. .--.," ':. I !} ';, .?.77 .

405
100%

Secured claims. . . .
Preferred claims. ..
General claims. . ..

16,299.2.

16,299.22

188,153.441

;15-i 9 aci. tic,

/O_ORS',94

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

100% - $25,000 - 3-4-24

If so, give dates and Amounts of all assessments

See Exam 12-18-24

Statutory assessment $25,000; AsseRRmpnt ordered 12-18-26




•

#1238

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CIIAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
1:11

National bank

M

State bank

o

Trust company

Name of State

O Stock savings bank

o

Mutual savings bank

Minnesota

O Private bank

•
L Nameofbank Far & Mer Stste_Bank

2. Date organized

1-14-16

3. Federal reserve district

Date suspended

7

Town or CityNew York Millabunty

3-7-24

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Qtter Tail

800

6. Condition figures, as of (date*)

3-7-24

Loans and discounts:
On real estate
Other

$ 160,345.48

Total loans and discounts

18,157.29

Real estate acquired in satisfaction of debts

41•MMIII
,
•••• MEM,

Investments

1311M2..ft

All other resources

213,094.90)-11://°*44

Total resources

$25)000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

)

$36,575.52
144,456.95

Time deposits, including postal savings

$ 181,032.47

Total deposits
Borrowings from F. R. bank

ANON ••••• =••••••••

4,957.97

Borrowings from other banks
All other liabilities

.1••••

$4152990.44

Total liabilities

Yes

7. Has this bank been reopened?
Date of reopening

If so give:

9-20-24

Name under which reopened
Loss to depositors on:

the same
Amount of loss

Secured claims

None

Preferred claims

None

General claims

Per cent of loss
to claims
•••• Van

OEM ••••• •••111,

66 2/3%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

mom..

•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims
Preferred claims
General claims
Total claims

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims. . . .




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Depleted.reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture)
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#1143

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
National bank
Name of State

IX] State bank
• Trust company

O Stock savings bank
O Mutual savings bank
EJ

Minnesota

Private bank

1. Name of bank Far le Me r Stat e Bank

2. Date organized

11-12-14

Town or City

Date suspended 7-26-24

3. Federal reserve district

New Ulm

County

Population of town or city* 7500

Member or nonmember of F. R. Syste

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Brown

7-26-24

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 541,516.39

Total loans and discounts
Real estate acquired in satisfaction of debts

39,253.37

Investments

13,500.00

All other resources

39,737.67
$634,007.43

Total resources

$50,000.00

Capital

17,000.00

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

$78,446.31

Time deposits, including postal savings

433,111.97
$ 511,558.28

Total deposits
Borrowings from F. R. bank

•••••=••••.•••••

Borrowings from other banks

14,500.00

All other liabilities

41
-0114q.

43

$1;&I,ofD43.343'4007,

Total liabilities
7. Has this bank been reopened?

Yes

Date of reopening

12-6-24

Name under which reopened
Loss to depositors on:

If so give:

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

ar•••••••••••••

Preferred claims

None

ell••••=e•

General claims

35%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims
Preferred claims. . .
General claims. . . .
Total claims. . . .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause
Decline in real estate values

(Montana investments)

Contributing
cause

X

Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

Yes

50 000 - Paid 1-8-25




If so, give dates and amounts of all assessments

•
,

#499

FEDERAL RESERVE COMMITTEE ON
BRANCII, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

4:1 State bank
O Trust company
O Stock savings bank

Minnesota

O Mutual savings bank
O Private bank

•
1. Name of bank State Bk of Nielsville Town or City Nielsville

2. Date organized

7-15-04

3. Federal reserve district

Date suspended

11-8-28

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank_

-

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Polk

250

6. Condition figures, as of (date*)

11-8-28

Loans and discounts:
On real estate
Other
$ 105,260.30

Total loans and discounts
Real estate acquired in satisfaction of debts
Investments

16,623.10

All other resources

(6,285.13

ill
$1287-1-68-7-53/34-3

Total resources

ri•3g

$20,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$37,714.15
60,937.23
$ 98,651.38

Total deposits

MIM41••••••

Borrowings from F. R. bank

700 00
11,.

Borrowings from other banks
All other liabilities

13K3

$

Total liabilities
7. Has this bank been reopened?

•

51.38

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total

Yes If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

xmlfretrimth

$7,236.00

collatera
& advance
('

$7,236.004

Secured claims

3,902.52
403.91
General claims... 95
4440
Pay.
Gen 01-Bills

3,902.52
9,507.97

Preferred claims..

Total claims.1 1R 1 242-43

), h , 62

tt 6 -

Payments from
Total payments

Per cent of payments
to claims allowed

$7,236.00

100%

3,902.52

100%

o9,507.97
11, 44 44 11,700.00
19-,f_ 46 .
1 I 17 0 g ,

10
10 . •
(-1

lc
10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims

Preferred claims
General claims. . . .
Total claims

Preferred claims in this bank not represented by deposits but are
tax collections, seed grain notes, rtntals and salary

for unremitted



11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

DOpletd_re.sexv.e

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yea

100% - $20,000 - 12-1-26

If so, give dates and amounts of all assessments

Paid 1-24-27

Statutory assessment $20,000; Assessment ordered 2-1-29




•

#1204
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

LX State bank
O Trust company

4,

v.,•

4 4_4

LI Stock savings bank

o

Mutual savings bank

Idinne so ta

O Private bank

•
North Branchcounty Chisago

1. Name of bank

Farmers State Bank

Town or City

2. Date organized

9-3-15

11-29-26 Population of town or city*

Date suspended

3. Federal reserve district

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




800

6. Condition figures, as of (date*)

11-29-26

Loans and discounts:
On real estate
Other
Total loans and discounts

$

37,796.21
10,314.11

Real estate acquired in satisfaction of debts

4,000.00
ON' 74
(17,228.65

Investments
All other resources

$er97-&36-79-9.- 11,7#f•13

Total resources

818,000.00

Capital

1,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

)

$21,093.97
27,186.78
$ 48,280.75

Total deposits
Borrowings from F. R. bank

3,968.98

Borrowings from other banks
All other liabilities

249.73

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. . .
General claims. . . .
Total claims. . .

10. Has this bank been finally liquidated?
Date liquidation was completed

Yes If so give:
-32830

Collections:

34,831.45

From liquidation of assets

7,590.00

From assessments on shareholders
Other collections (explain) Int On daily bal & claim

454.99
42,$

Total collections

876.44

$

2,372.09

Payments from
atairsttaingthi

Total payments

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Per cent of payments
to claims allowed

collateral
& advance
Secured claims
Preferred claims

$4,154.49

,4,154.49

4,275.28

4 p 275.28

36 291.86
.0e=41Xlaillats.—. _$
0-k...did-Tire - key- - -31-968598
Total claims.. * '2_ ...z..t.:Arlet:*




241175.21
. t4< - —

c

$4,154.49

100%

4,275.28

1 00%

V
24 175.21
36&98-- --3-9-: .9:

**-t-rir'-‘---'#4
t
.j

' ii.iliar.....-

66

2

...—...,

11. Causes of suspension:
•

4

Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)

Depleted reserve

Other causes, (specify)

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture'
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension"
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended'

Yes

25% - $61 250 - 4-19-24

If so, give dates and amounts of all assessments

$6,175 Paid 9-25-24

Statutory assessment $18,000.; Assessment ordered 7-16-27




•

#1004
FEDERAL RESERVE COMNIITTEE ON
I3RANCII, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

71

0 National bank

a

Name of State

State bank

O Trust company
0 Stock savings bank
0 Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank_re°ples State Bank

2. Date organized

9-16-12

3. Federal reserve district

Date suspended

7

Town or City North Mankateounty

2-14-27 Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•
5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Blue Earth

3,200

6. Condition figures, as of (date*)

2-14-27

Loans and discounts:
On real estate
Other

$ 109,577.09

Total loans and discounts
Real estate acquired in satisfaction of debts

9,857.35

Investments

3,000.00
15,269.67

All other resources

137,704.11

Total resources

$20,000.00

Capital

4 000.00

Surplus and undivided profits
Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits

) $55,427.87
47,728.96

Time deposits, including postal savings

$ $103,156.83

Total deposits

411=.411...M.1•101.

Borrowings from F. R. bank
10,000.00

Borrowings from other banks
All other liabilities

1156,83

Total liabilities

/37, 7°'' if
7. Has this bank been reopened?
Date of reopening

If so give:

4-19-27

Name under which reopened
Loss to depositors on:

Ye s

the same
Amount of loss

Per cent of loss
to claims

Secured claims

None

d•111•••••• MVO

Preferred claims

None

=ID ••••

General claims

25%

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . . .
Preferred claims. ..
General claims. . . .
Total claims. .. .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims. ..
General claims
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?




No

If so, give dates and amounts of all assessments

•

#807
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank
Name of State

LX State bank
O Trust company

82

O Stock savings bank
O

Mutual savings bank

Minnesota

O Private bank

•
1. Name of bank

Security State Bank

Town or ciqorth Redwo Od County

edwo ad

2. Date organized

4-28-08

10-21-27 Population of town or city*

176

Date suspended

3. Federal reserve district

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




6. Condition figures, as of (date*)

10-21-27

Loans and discounts:
On real estate
Other

$

Total loans and discounts

98,782.07
7,753.20

Real estate acquired in satisfaction of debts

12,000.00

Investments

(16,281.16

All other resources
Total resources

$10,000.00

Capital

634.64

Surplus and undivided profits
Deposits:
Due to banks**

) $

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

$34,202.75
90,427.24
$

Total deposits

124,629.99
———

Borrowings from F. R. bank

•

Borrowings from other banks
All other liabilities
$124,C29.9a
3
.
1; 74,4. 3

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. .
Preferred claims
General claims
Total claims

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:
Yes
10-9-30

Collections:

004,617.09

From liquidation of assets
From assessments on shareholders

9,500.00

Other collections (explain)Int on daily bal

1,064.50
$115,181.59

Total collections

9,891.56

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

,

Dividends paid from
collections

402.38

$3,402.38

166.81

166.81

17,207.81

Total claims..$ , 20,777.00

Secured claims

Preferred claims
General claims




Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

$3,402.3

100%

a--

166.8

100%

105,076.79

er

105,076.7

89.65%

I 0 9;K qg •

o---

1 D g 6 I/6 •

90.

0"

e

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
k- cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

le

or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

10 000 — 10-20-25

If so, give dates and amounts of all assessments

Paid. 2-3—

Statutory assessment $10,000; Assessment ordered 2-21-28




•

1401
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
0 National bank

C-1

Name of State

State bank

iJ
O Trust company
[:1

Stock savings bank

O

Mutual savings bank

o

Private bank

Minue.so.ta

4
1. Name of ban Northcote State Bank

2. Date organized

1-10-18

3. Federal reserve district

Date suspended

7

Town or City

1-20-23

Northcote

County

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




Kittson

200

6. Condition figures, as of (date*)

1-20-23

Loans and discounts:
On real estate
Other

62,295.67

Total loans and discounts
Real estate acquired in satisfaction of debts

31722.05

Investments

13.51
/,
o4
5-,792/22

All other resources

3.457,91-

Total resources

10,000.00

Capital

2,000.00

Surplus and undivided profits
Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits

$7,289.98

Time deposits, including postal savings

30,595.51
$ 37,885.49

Total deposits
Borrowings from F. R. bank

,1•11•••=1.
••••••=11

23,500.00

Borrowings from other banks
All other liabilities

$13,385.49

Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




$1
:
4

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims
Preferred claims. ..
General claims. . .
Total claims. .

10. Has this bank been finally liquidated?
Date liquidation was completed

Yes
If so give:
11-2-29

Collections:
$ 11 2 742.88

From liquidation of assets
From assessments on shareholders

6,57F-86

Int on daily bal

Other collections (explain)

464.39
$18,783.13

Total collections

315.51

Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims

$79.2

$79.22

36,903.7
General claims1\ -.),
Gen 31-Bills Pay*c,
.-' $36,982.9
Total claims...

12,343.58

Preferred claims. ..

i

$79.22

100%

12)343.58

33.4%

-33,
i 2., Y--2-3

Collateral amounting to $32,523.56 to secure Bills Payable of $21,000.00
foreclosed upon. Balance of B.P. for $2,500.00 filed as General Claim



11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Depleted reserve

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

No

If so, give dates and amounts of all assessments

Statutory assessment $10,000; Assessment ordered




lo-29,24

#423

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
El
E

National bank

flplp

Name of State

State bank

E] Trust company
El Stock savings bank

•

El

Mutual savings bank

o

Private bank

Minne sota

1. Name of bank First State Bank

2. Date organized

6-1-03

3. Federal reserve district

ome
Town or City Nor th

Date suspended 5-18-29

7

County Koochiching

Population of town or city* 350

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

•

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.




5-18-29

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$ 45,289.61

Total loans and discounts

16,504.62

Real estate acquired in satisfaction of debts
Investments

8,258.33

All other resources

$70,052.56

Total resources

$10,000.00

Capital

3,000.00

Surplus and undivided profits
Deposits:
Due to banks**

$

$24,498.41

Demand deposits, including U. S. Govt. deposits

25,539.98

Time deposits, including postal savings

$ 50,038.39

Total deposits
Borrowings from F. R. bank
Borrowings from other banks

5,000.00

All other liabilities

)-1 0.4.47-/

$55,-038.:49

Total liabilities

70,

7. Has this bank been reopened?
Date of reopening
Name under which reopened
Loss to depositors on:

Yes

If so give:

11-1-29
the same
Amount of loss

Secured claims

None

Preferred claims

None

General claims

cy..rt

Per cent of loss
to claims
OM.

••••

•••• ONO ..•=••••••

ONO ,ml• OM.NIM••

Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.




8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims. . .
General claims. . . . •
Total claims. ...

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. . . .
Total claims




Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Lack of reserve & poor paper

X

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

50% - 45,000 - 10-5-26 -

Paid. 3-4-27

100% - $10 000 - 5-25-28

Patcl 7-5-28