12112. Silver Creek State Bank (Silver Creek, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 28, 1927
Location
Silver Creek, Nebraska (41.309, -97.658)

Metadata

Model
gpt-5-mini
Short Digest
06511e0a8c053423

Response Measures

None

Description

Articles (Oct and Dec 1927) describe the Silver Creek State Bank as a failed state bank with a receiver and court-allowed claims; a judge ordered the state guaranty (depositor) fund to supply the deficiency and the receiver to pay depositors. There is no mention of a depositor run; the bank is in receivership/closed and depositors are being paid from the state guaranty fund.

Events (3)
1. October 28, 1927 Other
Newspaper Excerpt
depositors of the Silver Creek State Bank will be paid January 1, or a few days later...these claims are drawing seven per cent interest, and have been drawing this rate of interest since the claims were allowed in district court.
Source
newspapers
2. December 16, 1927 Receivership
Newspaper Excerpt
order authorizing the payment to the bank receiver for paying all claims allowed...that said amount shall [be] drawn from the Depositor's Guaranty Fund...turned the receiver this bank for the purpose of paying claims.
Source
newspapers
3. December 16, 1927 Suspension
Cause
Government Action
Cause Details
District judge Louis Lightner signed order (Dec 16, 1927) determining deficiency and directing payment from the State Depositor's Guaranty Fund; receiver instructed to pay claims (bank had failed).
Newspaper Excerpt
Lightner Orders Guarantee Fund to Pay for Silver Creek Bank of the failed Silver Depositors Creek state bank...
Source
newspapers

Newspaper Articles (2)
1. October 28, 1927 Silver Creek Sand Silver Creek, NE
Article from Silver Creek Sand, October 28, 1927

Click image to open full size in new tab

Article Text

PROMISE, JANUARY PAYMENT. A letter received by this office from Van E. Peterson, secretary of the Guarantee Fund Commission of the State of Nebraska, states that depositors of the Silver Creek State Bank will be paid January 1, or a few days later. A meeting of a number of the depositors was held in Silver Creek Tuesday afternoon, and the matter was discussed. at length, but no definite action taken. At present these claims are draw. ing seven per cent interest, and have been drawing this rate of interest since the claims were allowed in district court.

2. December 22, 1927 Central City Nonpareil Central City, NE
Article from Central City Nonpareil, December 22, 1927

Click image to open full size in new tab

Article Text

DEPOSITORS WILL GET MONEY BACK Lightner Orders Guarantee Fund to Pay for Silver Creek Bank of the failed Silver Depositors Creek state bank, who since 1924 have waited for their money, may have check from the state guarantee fund in time to be included in the list of good things Christmas. Last Friday, December 16, District Judge Louis Lightner issued order authorizing the payment to the bank receiver for paying all claims allowed. is understood that actual payment entirely possible before Christmas. Quite little interest noted the case, in some measto the magnitude of the loss represented by the total of claims. Following are the judge's notes: In case entitled: State of Nebraska, rel, Spillman, Attorney General plaintiff, vs. Silver Creek State Bank, Silver Creek, Nebraska, Under date of December 16, 1927, the Hon. Louis Lightner, district judge in and for Merrick county, Nebraska, signed an order determining deficiency and causing same certified which in part: therefore, hereby ordered, judged and decreed that the amount required to be drawn from the Depositor's Fund of the State Nebraska to supply the deficiency to the claims which required pay heretofore allowed and paid Hundred Hundred Dollars and Forty Cents that said amount shall drawn from the Depositor's Guaranty Fund of the State of Nebraska the of Department Trade and Commerce turned the receiver this bank for the of paying claims; purpose that upon receipt of amount shall pay said claims heretofore by this court; that the clerk of this court forthwith mit to the secretary of the departrade and of the State Nebraska certified copy of this