12094. Scribner State Bank (Scribner, NE)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
January 13, 1928
Location
Scribner, Nebraska (41.667, -96.666)

Metadata

Model
gpt-5-mini
Short Digest
d862d5e81539e05b

Response Measures

None

Description

Newspapers (Jan 16–19, 1928) report rumors caused heavy runs Friday and Saturday preceding a state banking commission takeover Monday. I infer the takeover date as 1928-01-16 (publication dates Jan 16–17) and classify this as a run that led to suspension/takeover (permanent closure by state control). OCR errors in articles corrected (e.g., fragmented sentences).

Events (3)
1. January 13, 1928 Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded rumors about the bank's standing triggered heavy withdrawals on the preceding Friday and Saturday.
Measures
Directors voted to turn the institution over to the state banking commission; temporary management by state bank examiner arranged.
Newspaper Excerpt
Rumors concerning the bank's standing had caused heavy run Friday and Saturday
Source
newspapers
2. January 16, 1928 Suspension
Cause
Government Action
Cause Details
Taken over by the State Banking Commission after heavy withdrawals and directors' decision to turn the institution over to the state.
Newspaper Excerpt
The Scribner State bank was taken over this morning by the State Banking [Commission]
Source
newspapers
3. * Other
Newspaper Excerpt
Lyman Sorensen, state bank examiner is in temporary charge (reported after takeover). Some articles note the bank is one of the oldest in the section and that affairs will be cleared up by the commission. Receiver appointment referenced in another article applies to a different bank (Snyder).
Source
newspapers

Newspaper Articles (4)
1. January 16, 1928 Fremont Tribune Fremont, NE
Article from Fremont Tribune, January 16, 1928

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Article Text

STUDENTS DENY LIQUOR CHARGE MADE Sorenag- sen, state for this district. ents were to face each other before The bank will be operated by the jury of high school principals here today for on rumor in circulation last Fricharges drinking. day that the institution was poor Seventy boys and started run which condents Medill high tinued during that day and on Satdefend themselves againt the dry At the close of business urday. agents' charges that they Saturday the decided holding drunken party at turn to the state, and noticlub early Sunday morning fied the department when the night club raided. that opened business this Student leaders said they arrived under the direction of the at the club after raid, going banking there from the high school senior The Scribner State bank is one of prom. They insisted the party the oldest banks in its section and properly school known for years as the many ficials, and said that for most Barker bank and for many the students. was the first visit under the of the night club. George Bowlus. Fred Volpp

2. January 16, 1928 Fremont Tribune Fremont, NE
Article from Fremont Tribune, January 16, 1928

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Article Text

SCRIBNER BANK IS TAKEN OVER Scribner State Run The Scribner State bank was takthis morning by the State over and temBanking purchased Mr. Bowlus interest some 20 years ago and was in charge of until last June when he to The deflation period following the war found the with lot of land paper and stocks that could not be upon but the and hoped management weather the storm. When the bank closed had deposits of more The banking department will send man manage bank for will be going institution while the affairs are being cleared up.

3. January 17, 1928 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, January 17, 1928

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Article Text

CRETE FOLKS IN PLAY. CRETE. Neb., Jan. play entitled "Miss and the Mikado" be presented Sokol hall Tuesday night, with the following the cast Dymacek, Mrs. Helen Kupka, Joseph Kuncl, Frank Crha, Vae Prochazka, John Mekota, August Pospisil, Steve Skolil, Lillian sel, Fanny Borecky, Norma NoAnna Zajicek, Helen Maca, Lillian Shebl, Helen Vilma Brauer and Frances Stehlik. SCRIBNER BANK TAKEN SCRIBNER, Neb., Jan. The Scribner State bank, one oldest in this section. was taken over the state banking commission Monday. Rumors concerning the bank's standing had caused heavy run Friday and Saturday, and its directors voted to turn the

4. January 19, 1928 The Shelton Clipper Shelton, NE
Article from The Shelton Clipper, January 19, 1928

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Article Text

Receiver Appointed For Snyder Bank The Snyder state bank of Snyder which has been operated by the guaranty fund commission since March 20, 1925, has been placed in the hands of a receiver and depositors will receive an additional 20 per cent. During the operation of this bank by the guaranty fund commission the depositors have received 48 percent. Secretary Peterson of the guaranty fund commission states that the bank had deposits amounting to $314,000 when it was turned over to the commission. The deposits now amount to $165,000. The commission has sold the bank building and fixtures to the Farmers and Merchants bank of Snyder. For the bank building and fixtures the commission received $4,500, also $765 for the conservation fund and $15,685 for notes of the face value of $15,000. Depositors will now be paid $33,500 which is an additional 20 percent of their deposits. There are remaining in the hands of the commission assets of the value of $70,000. The ultimate loss the guaranty fund is estimated at $65,000.-State Journal The Scribner State bank, one of the oldest in that section, was taken over by the state banking commission Monday. Rumors concerning the bank's standing had caused a heavy run Friday and Saturday, and its directors voted to turn the institution over to the state. Lyman Sorensen, state bank examiner is in temporary charge.