11537. Security State Bank (Curtis, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
March 9, 1933
Location
Curtis, Nebraska (40.630, -100.516)

Metadata

Model
gpt-5-mini
Short Digest
1de4bd7e856d59b7

Response Measures

None

Description

The bank complied with the state and national bank holiday on 1933-03-09 (government-ordered suspension). Subsequent article (1934-01-25) reports the bank was closed and a state-appointed receiver took charge, indicating permanent closure and receivership. No article describes a depositor run.

Events (2)

1. March 9, 1933 Suspension
Cause
Government Action
Cause Details
Complied with Nebraska governor's bank holiday proclamation and subsequent national bank holiday; withdrawals predicted to be restricted.
Newspaper Excerpt
Complying with the bank holiday proclamation issued by Governor Bryan ... the Security State bank and the Curtis State bank suspended business.
Source
newspapers
2. January 25, 1934 Receivership
Newspaper Excerpt
M. R. Beckord ... arrived Friday to take charge of the Security State Bank, as receiver representing the banking department of the state of Nebraska. ... when the bank was closed checked Mr. Beckord in. (article date 1934-01-25).
Source
newspapers

Newspaper Articles (2)

Article from The Curtis Enterprise, March 9, 1933

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Article Text

LOCAL BANKS COMPLY WITH STATE AND NATIONAL HOLIDAY Complying with the bank holiday proclamation issued by Governor Bryan Saturday morning. which later became nation wide by order of the president, the Security State bank and the Curtis State bank suspended business. The course of the financial institutions rests now largely with the action of the federal government. The action in both federal and state government is moving smoothly and it is probable that a plan of procedure will be announced in a short time. As this applied locally it means that the Curtis banks will operate on the same plan that will be used with other strong banks and that this community will suffer no unnecessary inconvenience. While no definite announcement can be made as to when or upon what plan the banks will open, it is predicted that withdrawals will be restricted. The plan will provide a means for carrying on normal business and prevent loss to depositors. The holiday announcement was received calmly in Curtis. The feeling seems to prevail here as elsewhere that the present situation marks the end of a period and that with the straightening out of the banking problem, financial conditions will improve.


Article from The Curtis Enterprise, January 25, 1934

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Article Text

R. BECKORD, RECEIVER AT SECURITY STATE BANK M. R. Beckord of Utien, Nebr., arrived Friday to take charge of the Security State Bank, as receiver representing the banking department of the state of Nebraska. L. D. Haines. examiner in charge. when the bank was closed checked Mr. Beckord in. By Thursday of last week drafts had been prepared for all trust accounts and mailed or given to depositors as they called for them.