Article Text
Gllead Doors Not Opened State bank Gilead failed board learned, Saturday charge the bank. take and stock about Too the deposits are real paying much said by banking the bank's failure. causes deposits within the been than
11631. State Bank (Gilead, NE)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- February 7, 1929
- Location
- Gilead, Nebraska (40.146, -97.413)
Metadata
- Model
- gpt-5-mini
- Short Digest
eade6c57d2d6686a
Response Measures
None
Description
Multiple February 1929 newspaper notices report the Gilead State Bank failed to open its doors and that the board voted to request the state banking department take charge of the bank. Articles cite heavy real-estate holdings and slow-paying notes as causes. There is no mention of a depositor run or of the bank reopening; the action is government takeover/suspension and implies permanent closure/receivership.
Events (1)
1.
February 7, 1929
Suspension
- Cause
- Government Action
- Cause Details
- Board requested state banking department to take charge; cited too much real estate and slow-paying notes as causes of failure.
- Newspaper Excerpt
- Gilead State bank Gilead failed to open its doors ... the board of directors ... voted Saturday to request the state banking department take charge of the bank.
- Source
- newspapers
Newspaper Articles (9)
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Article Text
Gllead State Bank Doors Not Opened Gilead State bank Gilead failed to open its doors recentThe board directors, was learned, voted Saturday quest the state banking department take charge of the Capital stock of the institution and the deposits about Too much estate slow paying said by banking officials causes the bank's failure. within the last ten days been more than unced.
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Article Text
Gliead State Bank Doors Not Opened Gilead failed to open doors recentdirectors, learned, voted Saturday department take the bank. Capital stock institution the deposits about $200,000. much real paying banking officials the bank's failure. within than
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Grand Island Paving Bonds Sold Grand Lincoln Trust company, with bid of $70,000, was the lowest the paving bonds cently put the market by the city council. They were the lowest of six companies bidding for the bonds. Youths Trapped In Burning Auto Sidney When their automobile overturned ditch and caught fire the Lincoln highway east Sidney, Raymond Olbrecht, Vernon Stiverson Fred Stockton were severely burned and cut. The accident occurred they negotiating turn the road high rate speed, authorities said. Flames veloped the car almost immediately and the youths forced to break out the glass escape. Stiverson. owner the car, was badly burned about the arms and legs: Aurora Rotarians Plan Celebration Aurora Rotary club will celebrate its ninth birthday banquet at Fidelity hall. The wives of Rotarians will be guests of the casion and the principal address will be given by John Poucher of Omaha. President Jim Schoonover of the Aurora will preside. At the time of its organization nine years ago the Aurora club was located in the smallest city in the world granted charter by International Rotary. Since then many cities of that size have received charters. Gliead State Bank Doors Not Opened Fairbury Gilead State bank Gilead failed its doors recently. The board of directors, was learned. had voted Saturday to quest the state banking department take charge of the bank. Capital stock of the institution is and the deposits are about $200,000 Too much real estate and slow paying were said banking officials causes the bank's failure. Withdrawals deposits within the last ten days have been more than
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Article Text
Gllead State Bank Doors Not Opened Gilead State bank Gilead failed to open its doors The board directors, was learned. had voted Saturday quest the state banking department take charge the bank. Capital stock of the institution and the deposits are Too much real estate paying notes said banking bank's failure. deposits within the ten days have more
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Article Text
Aurora Rotarians Plan Celebration Aurora Rotary club celebrate birthday Fidelity hall. The the casion and the principal address will by John Poucher of Omagiven President Schoonover the will the time organization the Aurora club located in the smallest world granted Rothen many cities of that size have received charters. Gllead State Not Opened bank Gilead failed to doors recentdirectors, learned, had Saturday quest the take charge of the Capital stock the and. deposits are about Too the much real paying were said by officials notes the bank's failure. within the more than was ann unced. $50,000,
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Article Text
Aurora Rotarians Plan Celebration Aurora Rotary birthday banquet Fidelity hall. The will guests the casion and the address will given John Poucher OmaPresident Jim the Aurora will preside. the time organization years Aurora club located the smallest the world granted charter Rotary. Since then many cities of that size have received charters. Gllead State Bank Doors Not Opened Gilead State bank Gilead failed doors board directors, quest state banking department charge the bank. Capital stock the institution the deposits about $200,000. much real estate paying officials the bank's failure. Withdrawals deposits within been more than unced.
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Article Text
Grand Island Paving Bonds Sold Grand Lincoln Trust with of $70,000, the lowest the paving bonds cently put on the the city council. They the six companies bidding for the bonds. Youths Trapped In Burning Auto Sidney When their automobile overturned into ditch caught fire Lincoln highway east of Sidney, Raymond Olbrecht, Vernon Stiverson and Fred Stockton were severely burned and they were negotiating turn road high rate speed, authorities said. Flames veloped almost immediately and youths were forced to break out the glass to escape. Stiverson. owner of the was badly burned about the arms and legs. Aurora Rotarians Plan Celebration Aurora Rotary club celebrate its ninth birthday at at Fidelity hall. The Rotarians will be the OC. casion and the given by John Poucher of Omaha. President Jim Schoonover the Aurora club will preside. the time of its organization nine years ago, the Aurora club located in the smallest city the world be granted charter by Rotary. Since then many cities that size have received charters. Gllead State Bank Doors Not Opened Gilead State bank at Gilead failed open its doors recentThe board directors, was learned, voted Saturday to request state banking department to take charge the bank. Capital stock the institution and the deposits are about $200,000. Too much real estate and slow paying notes said by banking officials be causes of the bank's failure. of deposits within the last days have been more than it was ann unced.
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Article Text
Bank Doors Not Opened Gilead open its doors The board directors, learned. had voted Saturday quest the state bank. Capital the and the are Too much real and paying said by officials the bank's failure. within more than unced.