Single short article reports the Commissioner announced the closing of Arnold State Bank by action of its stockholders. No run or depositor agitation is mentioned. This appears to be a voluntary/stockholder-initiated closure (voluntary liquidation). OCR corrected minor errors in the excerpt.
Events (1)
1.June 16, 1930Suspension
Cause
Voluntary Liquidation
Cause Details
Closing announced as action of the bank's stockholders; appears to be a voluntary decision to close/suspend operations by stockholders/management.
Newspaper Excerpt
Commissioner George Woods announced today the closing of Arnold State bank at Arnold action of its stockholders
Source
newspapers
Newspaper Articles (1)
1.June 17, 1930Beatrice Daily SunBeatrice, NE
Click image to open full size in new tab
Article Text
BANK CLOSED
LINCOLN, June 16 (/P) Commissioner George Woods nounced today the closing of Arnold State bank at Arnold action of its stockholders, positors to determine ture action will be held