11390. First State Bank (Bertrand, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 11, 1929
Location
Bertrand, Nebraska (40.527, -99.634)

Metadata

Model
gpt-5-mini
Short Digest
746f6a16ec8e02ab

Response Measures

None

Description

Local paper announces the First State Bank 'having been reorganized' and 'will be reopened for business, Friday October 11th, 1929.' Language indicates the bank had been closed or otherwise out of operation for reorganization due to slow and doubtful assets; no article mentions a depositor run. Classified as a suspension followed by reopening.

Events (2)
1. October 11, 1929 Reopening
Newspaper Excerpt
The First State Bank of Bertrand ... will be reopened for business, Friday October 11th. 1929. All slow and doubtful assets have been removed and the bank is in an excellent condition.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank reorganized to remove 'slow and doubtful assets' before reopening; implies prior suspension/closure for solvency/asset problems
Newspaper Excerpt
The First State Bank of Bertrand, having been reorganized is pleased to announce ... It will be reopened for business, Friday October 11th, 1929. All slow and doubtful assets have been removed
Source
newspapers

Newspaper Articles (2)
1. October 11, 1929 Bertrand Herald Bertrand, NE
Article from Bertrand Herald, October 11, 1929

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Article Text

"SCHOOL DAYS" WENT OVER WELL The play "School Days" which Las been under preparation here for the past couple of weeks, was given at the High School Auditor ium on Tuesday night of this week. This play is a Ruth Buttrey Co., of Havre. Mont.. production and was directed by Miss Ruth Gillner. The east was made up of seventy two local characters and they did credit to themselves. On account of the great number in the play It is impossible for us to go into detail as to each character. In spite of the inclemency of the weather a fairly good house greeted the play ers and the event was a financial success, as well as pleasing to those who saw it. The play was given under the auspices of the Congregational S. O. S. ANNOUNCENMENT The First State Bank of Bertrand. having been reorganized is pleased to announce to the public that It - will be reopened for business, Friday October 11th. 1929. All slow and doubtful assets have been removed and the bank is in an excellent condition. $30,000 of New Capital (Stock and Surplus has been paid in. It will be our aim to run a good clean bank and we solicit your bus iness on this basis. The officers are: Henry Ring strom. President: Theo. Swanson, Vice President; Moritz Anbel. Cashier: Ada Thayer, Asst' Cash-

2. October 11, 1929 Bertrand Herald Bertrand, NE
Article from Bertrand Herald, October 11, 1929

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Article Text

FIRST STATE BANK IS NOW OPEN LOCAL MEN DESERVE CREDIT To Phillip Swanson, Dr. W. A. Shreck, W. H. Westfall, James Nutzman, Albert Hanson, Elmer Carlson, who served this community on the Depositors' Committee and also to the New Directors and Stockholders of The First State Bank this community owes a deep appreciation. These men gave of their time and money to help save money for the people of the community with no thought of any personal gain and we should all be very high in our praise of their efforts. To the new Officers and Directors of The First State Bank we extend our best wishes and congratulations.