11362. State Bank (Bee, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
January 11, 1933
Location
Bee, Nebraska (41.006, -97.057)

Metadata

Model
gpt-5-mini
Short Digest
28a0dcadd941dbf2

Response Measures

None

Description

Articles indicate the State Bank (Bee, NE) was closed and placed in receivership by the state banking department and receiver was paying dividends to depositors (Jan 1933). Later (Mar 1934) litigation over a depositor's claim against the receiver is reported. No contemporaneous run is described. Thus the bank suspended and remained closed under a receiver.

Events (2)

1. January 11, 1933 Receivership
Newspaper Excerpt
State Bank of Bee $3,610.93 or 5% January 11, 1933, prior payments $21,665.24 or 30%... The bank receiver alleged that it was issued to deceive bank examiners and the state banking department (Mar 7, 1934). The $15,500 claim of John Lusher... against State Bank of Bee, disallowed by the district court... has been appealed to the supreme court (Mar 7, 1934). The bank receiver alleged that it was issued to deceive bank examiners and the state banking department, ... the certificate was void.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership by the state banking department; receiver paying dividends to depositors.
Newspaper Excerpt
The state banking department, receiver, has paid 10 percent dividend... State Bank of Bee $3,610.93 or 5% January 11, 1933, prior payments $21,665.24 or 30%
Source
newspapers

Newspaper Articles (3)

Article from Nebraska Legal News, January 14, 1933

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Article Text

BANKING NEWS BANK DIVIDENDS State Bank of Cedar Bluffs was closed December 28, 1932. State Bank of Irvington to pay 10% or $2,169, second dividend. Columbus State Bank $20,900.46 or 5%, prior payments $250,805.63 or 60%. Bank of Ashton $12,475.12 or 4% January 3, 1933, prior payments $93,563.70 or 30% Allen State Bank $4,292.68 or 1.5% January 7, 1933. Prior payments $85,852.05 or 30% State Bank of Bee $3,610.93 or 5% January 11, 1933, prior payments $21,665.24 or 30% Farmers State Bank of Stapleton to pay $7,057.76 or 10% dividend as of January 3, 1933. Citizens State Bank, Geneva $11,339.97 or 3.5% December 31, 1932. Prior payments $65,896.85 or 20%. 12% paid during going bank period.


Article from Lincoln Journal Star, March 7, 1934

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Article Text

APPEALS CLAIM. The claim John Lusher Seward county, against State Bank Bee, disallowed by the district court claim having priority over other deposits, has been appealed supreme court. lower court held that the certificate deposit was only deposit. The ceiver alieged that it was examiners and the state that had agreed between Lusher and the that have interest, higher than the law lowed, had cepted and that the certificate was void. court classed general claim drawing percent.


Article from Lincoln Journal Star, March 7, 1934

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Article Text

MERE MENTION True's Wed. Spls: Chocolate pies 25c, chicken noodles 10c.-Adv. Robert G. Simmons will address Optimist club Thursday noon on "Things You Want to Hear Myron H. Swenk of the University of Nebraska will speak to Kiwanis club Friday noon on "The Value Nebraska Bird Life." Condition of Sheriff Hensel at Bailey's Tuesday night was reported by attendants as bepage ing good. Firemen made run to the residence of Leo Bartunek, 1127 G. Tuesday night. chimney flue was burning out but there was no The state banking department, receiver, has paid 10 percent dividend, $23,262.14 to depositors of the Hooper State bank, making a total of $46,524.28 or 20 percent. Special open hearing will be held ciety in the council chamber at 2 p. m. Wednesday on request for on-sale beer license at 39th and South. Application was held up because of protests. Twenty-five members of the Railway Mail Clerks association met to discuss association affairs at the Cornhusker hotel Tuesday evening. Vern Benson was in charge. Representative Jensen of Fremont, democrat, filed nomination papers as candidate for the state senate Tuesday, but his papers were returned by Secretary of State Swanson for correction. Wed Specials: Sirloin steaks from corn fed Baby Beef 17c lb. Pill Choice fresh cut Hamburger lbs. 25c. Fancy Nut Bread 18c loaf. Wholesome Raisin Bread Newly-laid eggs 2 doz. 25c. Freadrich Groceryterias.-Adv. A defective flue at the residence of W. C. Olson, 329 No. 21st, caused small blaze late Tuesday afternoon. Firemen said damage was slight. A run was made earlier in the afternoon to 17th and Arapahoe for grass fire which caused no damage. Eighty-one members of the faculty of the college of arts and sciences of the University of Nebraska attended the annual dinner for the group at the University club Tuesday evening. Dean H. Oldfather presided at an official meeting following the dinner. Several committees reported. Bacteriological report on fifty samples Lincoln water taken during February shows that fermentation in lactose broth OCcurred in but four samples and in none were colon bacilli present. Several tests of untreated samples at Ashland disclosed high bacteria count but water free from pollution. Sanitary condition was excellent all times. W. B. Banning of Union, demo- of cratic candidate for governor, visited the capitol on business Tuesday. He has not announced platform upon which he may make campaign, but said he was opposed any tax, sales or otherwise, does not absolutely take the place of property tax. am opposed to any new and additional tax,' he said. Lincoln police Tuesday afternoon a report of holdup during the forenoon between folk and Stanton on highway No. 8. Two men, of them using blue steel pistol, got $24. The victim thought they were drunk as their car the road. They were driving a muddy sedan with either Kansas or Colorado license plates. Charles Miller, 50, is rapidly recovering from injuries "Sunday night when attacked by two thugs, Dr. George Underwood reported Tuesday night. Miller told him that he had been suffering slight headache, but no brain injuries infection have developed, Dr. Underwood The man was given anti-tetanus serum. Chief Condit said Tuesday night that no clues on the identity of Miller's attackers have been revealed. State Labor Commissioner Matthews said Tuesday afternoon that the nonpartisan organization to have charge of the annual banquet in commemoration Bryan's birthday, March 19, will be perfected at meeting at the Cornhusker hotel Wednesday night, and anybody interested is welcome to participate in the organization. "We gave the democratic clubs chance, and now the non-partisan organization will go on, said Matthews, informed that the county democratic club had appointed committee render assistance and co-operation with the memorial association. The $15,500 claim of John Lusher of Seward county, against State Bank of Bee, disallowed by the district court as claim having priority over other deposits, has been appealed to the supreme court. The lower court held that the certificate of deposit was allowable only as general deposit. The bank receiver alieged that it was issued to deceive bank examiners and the state banking department, that it had been agreed between Lusher and the bank that he should have percent interest, which was percent higher than the law al-