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Show DAKOTA FARMERS CAUSE NATIONAL BANK CLOSING BISMAHCK, N. D Dec. 7. The first National bank of Medina, in Stutsman county, was closed Monday, by Its directors, according to a statement state-ment made over the long distance telephone tel-ephone by A. Preaseler, a director. The bank Is a member of the federal reserve re-serve system. This makes 22 state banks and one national bank closeO in North Dakota recently. "Our reserve wax wiped out," said; Mr. Preaseler, 'and we asked a nation-: al bank examiner to come and take' charge of the bank, not making an further request on Ihe federal rcserve system. which had not denied any pre-lous pre-lous request.' L'epreclalion of livestock and grain! values and farmers not selling their grain were glen by Presseler .is reasons rea-sons for the closing He said the bank probably would reorganize under a new management. The Citizens' State bank of Bdgeley, and the Btate bank of Nortonvllle, also closet Monday |