Peoples State Bank - Anselmo, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 12, 1923
Location: Anselmo, Nebraska (41.619, -99.865)

Metadata

Model: gpt-5-mini
Short Digest: 906a9e5f

Response Measures

None

Description

Newspapers report the bank as failed and assets being sold by a receiver (Emery F. Bush) in Sept 1923; no article describes a depositor run. Legal action referencing the failure appears in 1926. I classify this as a suspension/closure with receivership.

Events (3)

1. September 12, 1923 Receivership

Newspaper Excerpt: New Sale Is Ordered of Anselmo Bank's Assets Lincoln, Sept. 12.-The state banking department announced today that the guarantee fund association and the banking department had objected to the sale in court at Broken Bow of assets of the failed Peoples State bank of Anselmo, Neb., ... Receiver Emery F. Bush ... will be notified that a new sale is to be held, the banking department announced.
Source: newspapers

2. July 15, 1926 Other

Newspaper Excerpt: Peoples State bank of Anselmo ... recovery of funds put up by the state guaranty fund commission for losses suffered through the failure, three or four years ago, of the two banks named.
Source: newspapers

3. * Suspension

Cause Details: Articles state the bank failed and entered receivership; no cause (run, rumor, correspondent failure, etc.) is described.
Newspaper Excerpt: referred to as the failed Peoples State bank of Anselmo (failure occurred prior to asset sale); exact suspension date not provided in the articles.
Source: newspapers

Newspaper Articles (2)

1. September 13, 1923 The Omaha Morning Bee Omaha, NE

Article from The Omaha Morning Bee, September 13, 1923

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Article Text

New Sale Is Ordered of Anselmo Bank's Assets Lincoln, Sept. 12.-The state bank. ing department announced today that the guarantee fund association and the banking department had objected to the sale in court at Broken Bow of assets of the failed Peoples State bank of nselmo, Neb., because the assets, consisting of papers and real estate, said to have been valued at 72,000, had been made by Receiver Emery F. Bush for 4,756 for the paper and 3,000 for the real estate. C. McKay, insley,A Neb., buyer of the failed bank's paper assets; John David, buyer. of the real estate assets, and Mr. Bush, the receiver, will be notified that a new sale is to be held, the banking department announced.

2. July 15, 1926 Beatrice Daily Sun Beatrice, NE

Article from Beatrice Daily Sun, July 15, 1926

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Article Text

ple's State bank of Anselmo, and of the Berwyn State bank of Berwyn, against the Fidelity and Deposit company of Maryland. and W. L McCandless, former county treasurer of Custer county. for recovery or funds put up by the state guaranty fund commission for losses suffered through the failure, three or four years ago, of the two banks named.