12023. Security State Bank (Plainview, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
September 1, 1927*
Location
Plainview, Nebraska (42.350, -97.792)

Metadata

Model
gpt-5-mini
Short Digest
05a16a188d9cd443

Response Measures

None

Description

Articles state the Security State Bank of Plainview had closed doors about a year ago (Sept 1928 story) and a receiver was appointed (Apr 18, 1929). Later (1933) state supreme court opinions refer to the receivership and insolvency. No article describes a depositor run; the bank appears to have suspended and gone into receivership/permanent closure.

Events (3)

1. September 1, 1927* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Article states the bank had closed its doors (implying insolvency); later court material refers to insolvency and receivership, indicating bank-specific financial failure led to suspension.
Newspaper Excerpt
The Security State bank which closed doors about year ago has started to make first payment of 15 per cent to the depositors.
Source
newspapers
2. April 18, 1929 Receivership
Newspaper Excerpt
Parker, Newcastle, has been appointed receiver of the Citizens State bank and the Security State bank Plainview. has appointed E. Gallagher Hartington Neb. as his agent at the Security State bank.
Source
newspapers
3. November 20, 1933 Other
Newspaper Excerpt
The Security State Bank of Plainview (American Surety Company New York) appeal... receivership court claim for deposit order is judgment... references to insolvency and receivership in Nebraska supreme court opinions.
Source
newspapers

Newspaper Articles (4)

Article from The Sioux City Journal, September 10, 1928

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Article Text

PRISON TRUSTY FRACTURE OF SKULL Lincoln, Sept. 9.-Special: by HarBarr. Knox team hurled him seat to pavement, the here. term for hog stealexpire October 11. Barr's the same Supt. Miller, to his father. con tion. His will remain with him in the prison hospital CHURCH GROUP ELECTS OFFICERS FOR YEAR Neb. Sept. -Special: the Way Sunday school class of church elected officers at their last meeting. Glenn Bunnell was named president: Dorothy Collins, vice president Ellen Walter Hoffat, secretary; Helen Bergh and Dorothy This of the religious of youth be and has named Abraham Lincoln chapter. EXPECT 600 STUDENTS FOR HASTINGS COLLEGE Hastings, Sept. than 600 in have the largest enrollment its year, Dean Frank The class has limited 250 students, this having in registration, some Prof. Frank Noyes be charge of the music this year. NEBRASKA GIRL AND FATHER IN LAW FIRM Pierce, Sept. Miss Mary Leamy, graduate of the law department the University of South Dakota has the law of her fathfor district judge will thus work for Miss Leamy the office. Buy Oil Station. Sept. illiam Hemphill Culbert son, of Gretna, now charge the Rock Oil station Plainview purchased from Louis Johnson. Asks Permit. Lincoln, Neb., Sept. Permission has asked by the Central States of Walthill construct, and maintain transmission line west of Homer. To Pay 15 Per Cent. Plainview. Neb., Sept. 9.-Special: The Security State bank which closed doors about year ago has started to make first ment of 15 per cent to the depositors. Grandmother Party. Plainview, Neb., Sept. The Woman's Home Missionary socieof Plainview Methodist church will hold their annual "Grandmother's September 20.


Article from The Sioux City Journal, April 18, 1929

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Article Text

tales of extended travel. Livoni said. and birds. Lee Diehl donated a pair Livoni will the entire $950 of Slamese twin pigs. reward offered for Montour's cap- The bodies joined in the center There is one head, with the front feet of one twin at the fore part of the body and the other legs coming out below the back of the neck. above which are cauliflower ears and very small eyes. Mr. Gealy has 200 mounted specimens of birds and animals, including several bronze eagles. FARMER FINDS HUMAN FOOT: OFFICERS SEEKING CLEWS Special: The finding of human foot in an oatfield is engaging the attention of county officers here. It was in good of and found by John Lawson, who the first was thought the foot Mr. Wright killed in accident on the railway tracks about half distant. several The foot, bare small to be that of man, and was but slightly decomposed Officers are attempting to con nect the with reports of missing persons. Farm School to Graduate 17. Lincoln. Neb.-Special: The 27th annual commencement of the university school of agriculture held Wednesday evening. Chancellor Burnett delivered the address. Among the members of the class are: Lloyd Krula. Schuyler; Delos W. Orcutt, Hartington; Sam R Stewart, Blair; Charles Taylor Stanton; Verna J. Uhrenholdt. Elgin. Presbytery Meets in Lyons. Lyons, Neb.-Special: The Omaha district presbytery convened in Lyons for business session. Fortyfive delegates were present. Addresses were delivered by Rev. P. P. Cheff and Rev. Hosmer, of the First Presbyterian church, Omaha. Niobrara Presbytery Meets. O'Neill, Neb.-Special: The spring meeting of the Niobrara presbytery was held at the First Presbyterian church in this city. Rev. H. Beers was host. The retiring moderator, Rev Forest Heiber delivered sermon. as did Rev. Paul Calhourn, Lincoln Bank Receiver Selected. Parker, Newcastle, has been appointed receiver of the Citizens State bank and the Security State bank Plainview. has appoint ed E. Gallagher Hartington Neb. as his agent at the Security State bank. Gordon City Clerk Resigns. Gordon. Special: Kenneth Hull filed his resignation as city clerk at the last meeting of the city council on account of his increas ing private business.


Article from The Sioux City Journal, April 18, 1929

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INDIAN WOMAN'S ESTATE IS INVOLVED IN ACTION Lincoln, Neb.-Special: A motion has been filed in supreme court by United States District Attorney Kinsler asking rehearing of the First National bank of Walthill case against Eunice W. Stabler. Kinsler claimed that it erred in holding that an Indian who had not yet obtained patent to her land could will it away and have the heir obtain title to it. The law says that Indian wills are valid, if they are approved by the department and the Indian commissioner. The question of gaining title to the land, which nominally is still held in trust, has not been set. Mrs. Stabler was an heir of Lucy Woodhull, willed life estate to Stafford Woodhull, her husband. The remainder of the estate went to her four children. Mrs. Stabler purchased the interests of the other three. Kinsler maintains that the United States is the holder in fee simple of the land, which is in Thurston county. Mrs. Stabler owed the bank and the bank attached the land. and birds. Lee Diehl donated pair of Slamese twin pigs. The bodies are joined in the center There is one head, with the front feet of one twin at the fore part of the body and the other legs coming out below the back of the neck. above which are cauliflower ears and very small eyes. Mr. Gealy has 200 mounted specimens birds and animals, including several bronze eagles. Farm School to Graduate 17. Lincoln. Neb.-Special: The 27th annual commencement of the university school of agriculture held Wednesday evening. Chancellor Burnett delivered the address Among the 17 members of the class are: Lloyd Krula. Schuyler: Delos W. Orcutt. Hartington; Sam R. Stewart, Blair; Charles Stanton; Verna J. Uhrenholdt, Elgin. Presbytery Meets in Lyons. Lyons, Neb.-Special: The Omaha district presbytery convened in Lyons for business session. Fortyfive delegates were present. Ad dresses were delivered by Rev. P. P. Cheff and Rev. F. Hosmer, of the First Presbyterian church, Omaha. Niobrara Presbytery Meets. O'Neill, The spring meeting of the Niobrara presbytery was held at the First Presbyterian church in this city. Rev. H. H. Beers was host. The retiring moderator, Rev. Forest Heiber delivered sermon, as did Rev. Paul Cal hourn, Lincoln Bank Receiver Selected. Parker, Newcastle, Neb., has been appointed receiver of the Citizens State bank and the Security State bank, Plainview. and has appoint ed E. Gallagher. Hartington, Neb. as his agent at the Security State bank. Gordon City Clerk Resigns. Gordon, Neb.-Special: Kenneth Hull filed his resignation as city clerk at the last meeting of the city council on account of his increasing private business.


Article from The Hastings Daily Tribune, November 20, 1933

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Article Text

Supreme Court Syllabi The following opinions were filed by the Nebraska supreme court: Flannigan State. Error, Holt. Affirmed. Rose, 1. In prosecution against banker for receiving deposits knowing the bank to be insolvent, intentional fraud, deceit, false reports of banking affairs and wrongful entries on books not of that felony the statute. Comp. St. 1929, sec. 8-147. An Instruction that bank may deemed when able the its cred. itors in the and manand when the cash of insufficient pay liabilities, time realize on such held not judicially erroneous in prosecution against for posits knowing the bank to be Insol solvent In prosecution against bank for knowing bank be insolvent, amount deposits, the relative value the asthe extent of the reserve material An expert banking may exan opinion as the bank, based knowledge Its liabilities and information disclosed detailed examination of and worthless assets connection depleted reserve banker who controls bank as president and principal with condition and affairs and authorizes deposits to be be knowing the bank to be Insol be for them though he did not peraccept the record by the state counteract other remote. immaterial matter by defendant in the first Instance not entitle him to reversal his on the ground where he was not thereby Former verified statements of witness. with his mony the of be credibility evidence to Impeach his Where there is no occasion for the giving of instruction containing the uno, falsus in omnibus, the trial court may refuse to In criminal give prosecution offendirecting statements each other personally is not prejudicial fendant. or ground for reversal where promptly rebuked them from the and directed the jury pay no such Gutru State Madison. firmed. Goss, Eberly disinstruction. in effect that bank be deemed when the cash value of its ties sonable depositors such and referring to the jury, held not prejudicially the tion of a banker Comp. St 1929. for receiving deposits the bank be the officer of the bank for receiving deposits when the bank an mistant charge of notes value notes. upon being laid showing knowledge of the finanma error can be predicated upon jury a given there must been request unless question where statute positive rule law requires the Georgis 110 Where managing officer. knowauthorizes permits and continue deposits through officers and he guilty knowingly "being accessory receivaccepting' even though had actual of the receiving of such bank is Insolvent. withdrawals deposits relatives members of the defendant the bank are er and circumstances in knowledge of the of the Dempster Receiver Ashton. ApAffirmed the remedy provided section St. 1929. "creditors of an Insolvent corporation cannot maintain an against debts shown that stockholders who are defendant and who state for good and sufficient reason cannot be reached the process Gedney 105 Neb 112. Certain statements appearing opinion on Bourne Baer, 107 State rel Sorensen Bank of Stock customer credit for check upon funds to his the bank sufficient pay the against his account such equivalent the payment of the check deposited. agent of depositor and holds deposit fund when. with knowledge of the fact, accepts of paying deposit specific made for the purState Sorensen The SecuriState Bank of Plainview American Surety Company New York) appeal, Goss, Where, receivership court claim for deposit order is judgment. district has the modify its judgments orders term which they were made, only for the reasons stated and within the time limited in chapter 20, Gray Comp. Burdin Appeal, Hall. Affirmed. final Eberly. order denying compensation, entered by the compensation commissioner hearing the merits proceeding appealed properly brought, and legally from, absolute bar subsequent suit based upon the same cause as otherwise provided by terms of the workmen's compensation