12200. Nebraska State Bank (Valparaiso, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
September 13, 1929
Location
Valparaiso, Nebraska (41.081, -96.832)

Metadata

Model
gpt-5-mini
Short Digest
16eade5975cddc76

Response Measures

None

Description

Articles report the Nebraska State Bank of Valparaiso closed on Sept 13, 1929 and a receiver was appointed in late October 1929. No article describes a depositor run; later legal actions against former officials (indictment Oct 1930, acquittal Jan 1931) are reported. Cause of the suspension/closure is not specified in the articles.

Events (4)

1. September 13, 1929 Suspension
Cause Details
Article states bank closed September 13, 1929 but gives no cause for the suspension/closure.
Newspaper Excerpt
which closed September 13, 1929.
Source
newspapers
2. October 25, 1929 Receivership
Newspaper Excerpt
Judge issued order last Friday appointing Clarence ... receiver the Nebraska State Bank of Valparaiso.
Source
newspapers
3. October 16, 1930 Other
Newspaper Excerpt
Joe Tomes and Elmelund former ... of the Nebraska State Bank of Valparaiso, which was closed nearly years ago, were arrested last night on indictments ... jointly charged on ten separate counts of making false reports.
Source
newspapers
4. January 16, 1931 Other
Newspaper Excerpt
Tomes, former official of the Nebraska State bank at Valparaiso which closed September 13, 1929, was acquitted by jury ... accused under nine counts.
Source
newspapers

Newspaper Articles (3)

Article from The Independent, October 31, 1929

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Article Text

Bank Receiver Appointed Judge issued order last Friday appointing Clarence secretary of the Department Trade Commerce, as ceiver the Nebraska State Bank of Valparaiso.


Article from The Independent, October 16, 1930

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Article Text

Officials Arrested On Indictments Grand Jury Give port on Another Indictment Wednesday Evening Joe Tomes and Elmelund former and dent the Nebraska State Bank of Valparaiso, which was closed nearly years ago, were arrested last night indictments turned the grand jury yesterday afternoon. The two former bankers jointly charged on ten separate counts of making false reports. Tomes arrested at Valparaiso and Elmelund was arrested coln. They will probably be raigned this morning. The Saunders County Grand Jury which was in session three ago and which took three week's recess resumed activities


Article from Omaha World-Herald, January 16, 1931

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Article Text

Joe Tomes Acquitted of Falsifying Reports Neb., Jan. Tomes, former official of the Ne- 5-Piece braska State bank at Valparaiso Breakfast which closed September 13. 1929. was acquitted by jury in district Set court here today sending false reports of the bank's condition to $14.95 the state banking department. He had been accused under nine Enameled Choice counts. He made no comment about colors. Table and his acquittal but shook hands with four each of the after their verjurors dict had been read.