11711. Homer State Bank (Homer, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 15, 1922
Location
Homer, Nebraska (42.322, -96.489)

Metadata

Model
gpt-5-mini
Short Digest
e259ad7f20a28bbc

Response Measures

None

Description

The articles report the Homer State Bank failed (suspended/closed) on Feb 15, 1922 and a receiver was appointed Feb 17, 1922. No article mentions a depositor run or specific cause for the failure; later (May 19, 1922) a new state-chartered bank (not explicitly the same institution) was organized to purchase good notes from the receiver. OCR/typo note: the May article refers to a Home State bank of Homer which appears to be the new chartered bank for Homer and likely a minor typo for Homer/distinct new bank.

Events (3)
1. February 15, 1922 Suspension
Cause Details
Article states the bank 'failed' on Feb 15; no cause (run, insolvency reason, or government action) is given.
Newspaper Excerpt
The Homer State bank failed February 15.
Source
newspapers
2. February 17, 1922 Receivership
Newspaper Excerpt
the district court had appointed Ray Swanson receiver for the failed Homer State bank. Swanson is the son of Dan Swanson, state land commissioner. (Omaha Daily Bee, Feb. 18, 1922).
Source
newspapers
3. May 19, 1922 Other
Newspaper Excerpt
granted a charter to the Home State bank of Homer... has agreed to purchase from the receiver of the failed Homer State bank all good notes in his possession. The Homer State bank failed February 15. (Omaha Daily Bee, May 20, 1922).
Source
newspapers

Newspaper Articles (2)
1. February 18, 1922 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, February 18, 1922

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Article Text

Son of Land Commissioner Named Receiver of Bank Lincoln, Feb. 17.-(Special.)- J. E. Hart, secretary department trade and commerce, announced today that the district court had appointed Ray Swanson receiver for the failed Homer State bank. Swanson is the son of Dan Swanson, state land commissioner.

2. May 20, 1922 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, May 20, 1922

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Article Text

State Bank Charter Is Granted to Homer Men Lincoln, May 19.- (Special Telegram.)-J. E. Hart, secretary of trade and commerce, today granted a charter to the Home State bank of Homer. The new bank will start business with a capital stock of $25.000 and has agreed to purchase from the receiver of the failed Homer State bank all good notes in his possession. The Homer State bank failed February 15. The men granted the charter are L. E. Cozad, B. B. Baker and H. C. Hansen.