11491. Clay Center Bank (Clay Center, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 8, 1931
Location
Clay Center, Nebraska (40.522, -98.055)

Metadata

Model
gpt-5-mini
Short Digest
70fe40344f874f6d

Response Measures

None

Description

Multiple contemporary articles (Oct 8–9, 1931) report that Governor Bryan announced suspension of state banks at Clay Center and Glenvil and that examiner Merle R. Garrison was placed in charge. The articles describe a government-ordered suspension; no mention is made of a depositor run or of reopening. Because no reopening or receivership takeover is reported in these pieces, I classify this as suspension_closure while noting that the ultimate permanent disposition is not explicitly stated in the provided texts.

Events (1)
1. October 8, 1931 Suspension
Cause
Government Action
Cause Details
Governor Bryan announced official suspension of the Clay Center state bank and placed a state examiner in charge.
Newspaper Excerpt
State bank suspensions at Clay Center and Glenvil, in Clay county, were announced Thursday by Governor Bryan. Examiner Merle R. Garrison was placed in charge of both banks.
Source
newspapers

Newspaper Articles (3)
1. October 8, 1931 Beatrice Daily Sun Beatrice, NE
Article from Beatrice Daily Sun, October 8, 1931

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Article Text

CLAY COUNTY STATE BANKS SUSPENDED LINCOLN, Oct. bank suspensions Clay Center and Glenvil, in Clay county, were announced today by Governor Bryan. Clay Center bank, headed Swanson president, cashier, carried deposits $150,000. Glenvil bank was capitalized for and had deposits of

2. October 8, 1931 The Grand Island Independent Grand Island, NE
Article from The Grand Island Independent, October 8, 1931

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Article Text

Sophomores in Most Records Seniors Seem To Fail Find Footing in First Two Games Kansas City, Oct. flock The synod adopted sophomores listed in the touch- sented by council urging the down record the Big Six versity Nebraska to after the first two weeks of exhibi- science tion activity veteran Nebras- for men Everett Kreizinger, heads the of the report synod's dividual scoring column. vacancy and supply Kreizinger's four touchdowns for church in the synod shall points against South Dakota week steps toward vacancy Saturday him without pulpit that point lead Grefe of State, mittee was adopted by the who made two and two The Rev. Alva King of extra points against Morningside last chairman of the Ray McMillin, nephew of Coach STATE BANKS McMillin Kansas State, ranks third with tow touchdowns against the FAIL TO OPEN only game Oct. touchdown suspensions Clay Center and points against vil, Clay county, were Masterson, Ne- today by Governor behind with Merle Garrison placed points, and charge at both places for the Ellstrom, stayed just above Clay bank, touchextra point Swanson, making was capitalized for and had surplus of scorers The Glenvil bank had surplus, deposits Iowa State: and

3. October 9, 1931 The Omaha Morning Bee-News Omaha, NE
Article from The Omaha Morning Bee-News, October 9, 1931

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Article Text

Clay Center and Glenvil Banks Close LINCOLN, Oct. 8. (AP)-State bank suspensions at Clay Center and Glenvil, in Clay county, were announced Thursday by Governor Bryan. Examiner. Merle R. Garrison was placed in charge of both banks. The Clay Center bank, headed by T. Swanson as president, and H. A. Swanson, cashier, carried deposits of $150,000. was capitalized for $25,000 and had surplus of $7,500. The Glenvil bank was capitalized for $25,000, had $10,000 surplus and deposits of $200,000. R. Johnson was president and R. C. Peters, cashier.