OCR in some articles shows 'Thursday State Bank' or minor name variants; corrected to 'Thurston State Bank' consistent with context. Sequence: rumors precipitated a run on about 1928-01-05, officers momentarily quelled it, but within a week the bank was closed and taken over by the State Guarantee Fund commission (per article dated 1928-01-13). The takeover implies permanent closure/receivership rather than a temporary reopening.
Events (2)
1.January 5, 1928Run
Cause
Rumor Or Misinformation
Cause Details
Enemies circulated rumors about the condition of the bank, precipitating a run on the bank.
Measures
Officers assured depositors they were entirely safe, cited protection by the guaranty fund, attempted to quell withdrawals; officers consulted attorney and prepared suits against rumor-mongers.
Newspaper Excerpt
circulated rumors concerning the condition of the bank which precipitated a run on the bank yesterday forenoon
Source
newspapers
2.January 13, 1928Suspension
Cause
Government Action
Cause Details
Closed and taken over by the State Guarantee Fund commission; operations to be conducted by men in charge of the Liberty State Bank.
Newspaper Excerpt
the bank has been closed and has been taken over by the State Guarantee Fund commission
Source
newspapers
Newspaper Articles (3)
1.January 6, 1928The Pender RepublicPender, NE
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Article Text
Phones: -Office 182. Residence 69
Suit to be Filed Today.
It is reported that certain ene. mies of the Thursday State Bank at Thurston, circulated rumors concerning the condition of the bank which precipitated a run on the bank yesterday forenoon The run was soon quelled by the officers who assured the deposit ors demanding. their deposits that they were entirely safe, pro. tected by the guaranty fund, and that there was no intention on the part-of the officers to close the bank, but that they would continue to conduct it and take care of its customers. Officers of the bank were in Pender consulting with the bank's attorney and suit against one of the more persistent of fenders is being prepared and will be filed today, followed by other suits if the situation demands, we are informed.
2.January 11, 1928The Laurel AdvocateLaurel, NE
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Article Text
SUIT TO BE FILED TODAY It is reported that certain enemies of the Thursday State bank at Thurston, circulated rumors concerning the condition of the bank which precipitated a run on the bank yesterday forenoon. The run was soon quelled by the officers who assured the depositors demanding their deposits that
3.January 13, 1928The Pender TimesPender, NE
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Article Text
Bank Closes The Thurston State President E. Haneock of the Thurston State Bank tells us the bank has been closed and has been taken over by the State Guarantee Fund commission will be and operated by the men in charge of the Liberty State Bank.
