State Bank - Ceresco, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 29, 1920
Location: Ceresco, Nebraska (41.057, -96.645)

Metadata

Model: gpt-5-mini
Short Digest: f92e74dae1abea4b

Response Measures

None

Description

Article (Omaha Daily Bee, Jan 8, 1921) reports the Ceresco State Bank's doors were closed by the banking department on December 29 and that a petition for appointment of a receiver would be filed Jan 7. Closure followed discovery of a ~$100,000 shortage and cashier Charles Mainner's conviction for forgeries. No run is mentioned.

Events (2)

1. December 29, 1920 Suspension

Cause: Government Action
Cause Details: Closed by the banking department on Dec. 29 after discovery of about $100,000 shortage and cashier's forgeries.
Newspaper Excerpt: the Ceresco State bank, whose doors were closed by the department, December 29.
Source: newspapers

2. January 7, 1921 Receivership

Newspaper Excerpt: The attorney general's office is preparing to file a petition Saturday in the district court of Saunders county asking for the appointment of a receiver for the Ceresco State bank. whose doors were closed by the department, December 29.
Source: newspapers

Newspaper Articles (1)

1. January 8, 1921 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 8, 1921

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Article Text

Receiver for Ceresco State Bank Will Be Asked Lincoln. Neb., Jan. 7.-(Special.) -The attorney general's office is preparing to file a petition Saturday in the district court of Saunders county asking for the appointment of a receiver for the Ceresco State bank. whose doors were closed by the department, December 29. Within a few hours after the closing of the bank. Charles Mainner, former cashier. was sentenced to prison for three years for forgeries. Secretary Hart of the banking board says the bank is short about $100,000. which will be made up from the guaranty fund. Maixner turned over all of his assets to the state authorities to make good the loss.