12078. Bank of Rushville (Rushville, NE)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 13, 1893
Location
Rushville, Nebraska (42.718, -102.464)

Metadata

Model
gpt-5-mini
Short Digest
2f73175ff9441339

Response Measures

None

Description

Newspaper accounts (Dec 13, 1893) report a run triggered by the bringing of a $30,000 suit involving the former manager; the State Banking Board closed the bank the same day. Thus a run led to suspension/closure by state authority.

Events (3)
1. December 13, 1893 Receivership
Newspaper Excerpt
The Bank of Rushville has been closed by the State Banking Board. The failure is the result of a run on the bank ...
Source
newspapers
2. December 13, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by the filing of a $30,000 suit involving the bank's former manager.
Newspaper Excerpt
The failure is the result of a run on the bank caused by the bringing of a suit for $30,000, which the former manager was a defending party.
Source
newspapers
3. December 13, 1893 Suspension
Cause
Government Action
Cause Details
Closed by the State Banking Board following the run precipitated by the lawsuit.
Newspaper Excerpt
The bank of Rushville has been closed by the state banking board.
Source
newspapers

Newspaper Articles (2)
1. December 14, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, December 14, 1893

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Article Text

Closed the Bank. RUSHVILLE, Neb., Dec. 13.-The bank of Rushville has been closed by the state banking board. The failure is the result of a run on the bank caused by the bringing of a suit for $30,000, which the former manager was a defending party.

2. December 14, 1893 The Sun New York, NY
Article from The Sun, December 14, 1893

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Article Text

Western Bank Troubles. RUSHVILLE. Neb., Dec. 13-The Bank of Rushville has been closed by the State Banking Board. The failure is the result of a run on the bank by the bringing of a suit for $30.000, to which the former manager was a defending party. HAY SPRINGS, Neb., Dec. 13.-The Bank of Hay Springs was closed yesterday by order of the State Bank Examiner. No reasons are a-signed. LARNED, Kan.. Dec. 13.-The cases of the State against the Larned State and Pawnee County banks of this city, which failed on July 1 last. came up in the District Court yesterday and were continued on agreement between the officers of the banks and the depositors to pay 50 cents on the dollar.