12137. Bank of Steinauer (Steinauer, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 18, 1933
Location
Steinauer, Nebraska (40.208, -96.234)

Metadata

Model
gpt-5-mini
Short Digest
6fed6ebdd7131c59

Response Measures

None

Description

Articles (Mar 1933) describe the Bank of Steinauer operating on a restricted basis and undergoing a depositor-approved reorganization (meeting Mar 18, 1933). No explicit run is reported; the bank is being reorganized with pro rata handling of deposits and is expected to resume normal operations, so classify as a suspension with anticipated reopening.

Events (1)
1. March 18, 1933 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank operating on a restricted basis and undergoing depositor-approved reorganization involving pro rata handling of deposits and using surplus; indicates bank-specific insolvency/distress rather than a rumor or broader panic.
Newspaper Excerpt
The depositors Bank Steinauer held meeting at the hall in Steinauer Saturday ... voted unanimously in favor of reorganization of the bank.
Source
newspapers

Newspaper Articles (2)
1. March 22, 1933 The Pawnee Chief Pawnee City, NE
Article from The Pawnee Chief, March 22, 1933

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Article Text

Bank of Steinauer To be Reorganized Well Attended Meeting of the positors, Unanimous Action Favors Such Movement. The depositors Bank Steinauer held meeting at the hall in Steinauer Saturday ternoon, March 18, two oclock, and voted unanimously in favor of reorganization of the bank. positors' committee composed of Prendergast, Bentzinger and Clifford Schroff was appointed look after the affairs of the deposiduring the reorganization. The reorganization involves of all classes of deposits and with money of and surplus of $2,500.00. Henry of this city and VanHorne of Lincoln explained the reorganization plan for depositors, and Father Grogan urged the ganization. The present capital of the bank $30,000.00, surplus, $6,000.00 and posits of approximately

2. March 22, 1933 The Pawnee Chief Pawnee City, NE
Article from The Pawnee Chief, March 22, 1933

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Article Text

Banking Situation is Gradually Easing Up Three Pawnee County Banks and Three Just Outside County Operating 100%; Others Limited. The banking situation in city, state and nation steadily justing itself, and it seems not too optimistic prediction to suggest that everything will be functioning normally within thirty days. The fact that every bank operating on 100% basis is not necessarily an indication of the banks' strength, according to our banking commissioners, for the partment has been unable as final checking to many banks. number of banks, too, have quested to be allowed to under open percentage plan lest runs on the bank be Three Pawnee county banks, the State Bank of DuBois, the State Bank of Burchard and the Bank of Lewiston are functioning 100% and experiencing healthy business. The banks in Pawnee City, Table Rock and Steinauer are operating restricted basis, but it confidentexpected all these institutions will shortly be operating in full in every department, the Citizens State Bank of Pawnee City without change of any kind, and the Farmers State Bank of Pawnee City, the State Bank of Table Rock and the Bank of Steinauer under reorganization plans. The banks at Elk Creek and Virginia, Nebr., and at Summerfield, Kans., all just outside Pawnee counbut patronized by many Pawnee county folks, are in full operation. Dr. Rucker spent the week end with friends Kansas City.