12252. Citizens State Bank (Winside, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 19, 1932
Location
Winside, Nebraska (42.176, -97.175)

Metadata

Model
gpt-5-mini
Short Digest
f900228a3e9a2ea2

Response Measures

None

Description

The bank had been closed (suspended) since Oct 19, 1932. Local stockholders planned a reopening in Sept 1933 (Article 1), but the institution was placed in the hands of a receiver on 1933-11-09 (Article 2). Subsequent items describe receiver W.R. Scribner managing the bank and arranging loans to pay depositors (1934). No run is described in the articles; the closure was resolved by receivership (government action). OCR errors in Article 1 (missing names/words) were corrected where obvious.

Events (4)
1. October 19, 1932 Suspension
Cause
Government Action
Cause Details
Bank had been closed (suspended) beginning Oct 19, 1932; later placed in receivership.
Newspaper Excerpt
The Citizens State bank which has been closed since Oct. 19,1932,
Source
newspapers
2. September 28, 1933 Other
Newspaper Excerpt
Stockholders the Winside Citizens State bank met Friday evening to choose directors in anticipation re-opening... The bank will re-opened (Article announces stockholders met and named officers; planned reopening.)
Source
newspapers
3. November 9, 1933 Receivership
Newspaper Excerpt
The Citizens State bank ... was placed the hands the receiver Wednesday ... was deemed necessary place the institution the hands of the receiver.
Source
newspapers
4. June 7, 1934 Other
Newspaper Excerpt
the loans, which will be used to pay depositors dividend, should be available in the near future... local bank will receive approximately $35,000.
Source
newspapers

Newspaper Articles (4)
1. September 28, 1933 Norfolk Daily News Norfolk, NE
Article from Norfolk Daily News, September 28, 1933

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Article Text

Haller to Head Reopened Bank Wayne, Neb., Sept. The News: Stockholders the Winside Citizens State bank met Friday evening to choose directors anticipation re-opening. The following named: HalMittelstadt, Henry Fleer, Drevson Hoskins, Cora Schmode. On Saturday afternoon the directors met and named these officers: President, Haller: vice-president, and cashier The bank will re-opened

2. November 9, 1933 Norfolk Daily News Norfolk, NE
Article from Norfolk Daily News, November 9, 1933

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Article Text

in Receiver's Hands Winside, Neb., Nov. 9-Special The News: The Citizens State bank which has been closed since Oct. 19,1932, was placed the hands the receiver Wednesday Every effort has been made open the bank. The required number waivers was signed by the depositors and new officers for the bank were chosen. However, after several trips Lincoln by local business men and officers, was deemed necessary place the institution the hands of the receiver. This leaves Winside without bank, the Merchants State bank having voluntarily closed its doors in December, 1931.

3. January 18, 1934 Winside Tribune Winside, NE
Article from Winside Tribune, January 18, 1934

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Article Text

Placed in Charge of Carroll Bank Assistant Receiver W. R. Scribner, who is in charge of the Merchants and Citizens State banks here, has been placed in charge of the Carroll State bank temporarily, which will give him three banks to look after.

4. June 7, 1934 Winside Tribune Winside, NE
Article from Winside Tribune, June 7, 1934

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Article Text

Complete Arrangements For Bank Loans W. R. Scribner was in Lincoln Monday completing arrangements for R. C. bank loans for the Citizens State Bank of Winside and the Carroll State Bank of Carroll. The assistant bank receiver stated that the loans, which will be used to pay depositors dividend, should be available in the near future. The money is being loaned on good paper assets of the banks and the local bank will receive approximately $35,000. This amount will mean that between a 20 and 25% dividend will be paid depositors of the local bank. Mr. Scribner was accompaned to Lincoln by his daughter, Mrs. H. L. Brune.