12005. First State Bank (Pawnee City, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 1, 1925*
Location
Pawnee City, Nebraska (40.108, -96.154)

Metadata

Model
gpt-5-mini
Short Digest
3289d1dc899dd91d

Response Measures

None

Description

Articles describe the First State Bank of Pawnee City being taken by the state (operated by the guaranty fund commission) in Feb 1925 and later placed in receivership (Nov 10, 1927). Assets/building were sold to Citizens State Bank and affairs were closed — permanent closure. No run is mentioned.

Events (2)
1. February 1, 1925* Suspension
Cause
Government Action
Cause Details
Taken over by the state guaranty fund commission / operated by commission starting Feb 1925.
Newspaper Excerpt
Since February, 1925, the bank has been operated by the commission.
Source
newspapers
2. November 10, 1927 Receivership
Newspaper Excerpt
E. J. Dempster ... was named this week by Judge Raper of the district court, to be receiver of the First State bank of this city. Since February, 1925, the bank has been operated by the commission. Three weeks ago the building, fixtures and approved assets of the institution were sold to the newly formed Citizens State bank.
Source
newspapers

Newspaper Articles (2)
1. November 11, 1927 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, November 11, 1927

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Article Text

BANK IN RECEIVER'S HANDS First State Bank of Pawnee City Sold by Commission. PAWNEE CITY, Neb., Nov. 10.E. J. Dempster of Geneva, member of the state guaranty fund commission, was named this week by Judge Raper of the district court, to be receiver of the First State bank of this city. Since February, 1925, the bank has been operated by the commission. Three weeks ago the building, fixtures and approved assets of the institution were sold to the newly, formed Citizens State bank.

2. April 28, 1930 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, April 28, 1930

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Article Text

DEPOSITORS MEET Pawnee City People Gather to Hear State Auditors' Report. PAWNEE of the failed First State bank of this city met hear state auditors' reports on the affairs of the bank. The First State bank taken by the state Feb. 1925. UnNov. 1927, was operated agents for the guaranty fund Receivership instituted that date closing affairs of the bank. Only 10 per-