Bank of Barneston - Barneston, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 1, 1933*
Location: Barneston, Nebraska (40.048, -96.577)

Metadata

Model: gpt-5-mini
Short Digest: 3225ad31

Response Measures

None

Description

OCR errors corrected (e.g., 'taken ... by H. D. BanFriday' interpreted as 'taken over by H. D. Ban[?], representative' of the state banking bureau). Article (dated 1934-02-09) reports the bank was taken into custody by the state banking bureau, had been under a bank holiday the previous March, and reopened under restrictions. No mention of a depositor run is present; action appears driven by state authorities, not depositor panic.

Events (3)

1. March 1, 1933* Other

Newspaper Excerpt: the bank holiday last March ... opened always managed conservatively and its closing does not amount to bank failure in the ordinary ... reopening under restrictions.
Source: newspapers

2. February 9, 1934 Other

Newspaper Excerpt: telegram sent by the banking bureau to other banks states that the closing of the Bank of Barneston does not have effect any upon deposits received since the re-opening under restrictions.
Source: newspapers

3. February 9, 1934 Suspension

Cause: Government Action
Cause Details: Taken into custody/placed under restrictions by the state banking bureau; state action following prior bank holiday and concerns about capital requirements.
Newspaper Excerpt: The Bank of Barneston ... was taken ... over afternoon by H. D. Ban[?] representative. the bank holiday last March, the Bank Barneston under restrictions. ... telegram ... states that the closing of the Bank of Barneston does not have effect any upon deposits received since the re-opening under restrictions.
Source: newspapers

Newspaper Articles (1)

1. February 9, 1934 Beatrice Daily Sun Beatrice, NE

Article from Beatrice Daily Sun, February 9, 1934

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Article Text

TAKEN STATE The Bank of Barneston, which D. Spencer is president owner, was taken and principal the bureau banking over afternoon by H. D. BanFriday representative. the bank holiday last March, the Bank Barneston under restrictions. It opened always managed conservatively and its closing does not amount to bank failure in the ordinary The state authorities have been that the capital should but Mr. Spencer believed that the business there did not warrant such capital and he clined meet the conditions. Mr. Spencer has principal owner and manager of the bank for 35 years. telegram sent by the banking bureau to other banks states that the closing of the Bank of Barneston does not have effect any upon deposits received since the re-opening under restrictions. The Commercial State bank Barneston recently liquidated.