12764. Security Savings Bank (Beatrice, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 19, 1930
Location
Beatrice, Nebraska (40.268, -96.747)

Metadata

Model
gpt-5-mini
Short Digest
0d8a31d1

Response Measures

None

Description

Newspaper items indicate the Security Savings Bank of Beatrice was placed in the hands of a state-appointed receiver (Clarence G. Bliss) and its assets were being liquidated; later notices show the receiver filed a final report (hearing set June 24, 1931). No article describes a depositor run prior to suspension. Thus this is a suspension leading to permanent closure/receivership.

Events (4)

1. February 19, 1930 Receivership
Newspaper Excerpt
CLARENCE G. BLISS, Receiver Security Savings Bank, Beatrice, Nebraska.
Source
newspapers
2. February 19, 1930 Suspension
Cause
Government Action
Cause Details
District judge appointed a state department receiver (Clarence G. Bliss) for the Security Savings Bank, indicating suspension by court/receiver appointment.
Newspaper Excerpt
NAMED BANK RECEIVER. BEATRICE Neb., Feb. ... District Judge F. W. Messhas appointed Clarence Bliss of the state department receiver of the Hinds State Bank of Odell and the Security Savings Bank of Beat-
Source
newspapers
3. April 24, 1930 Other
Newspaper Excerpt
Vault ... the Security ... bank ... Clarence Bliss, state bank receiver ... view of liquidating the assets ... plaintiffs set forth that they hold deeds ... The value of the vault is set at $3,000.
Source
newspapers
4. June 24, 1931 Receivership
Newspaper Excerpt
NOTICE TO STOCKHOLDERS, DIRECTORS, DEPOSITORS AND CLAIMANTS OF THE SECURITY SAVINGS BANK, BEATRICE, NEBRASKA. ... the receiver of the above named bank has filed his final report as receiver and has made application to be discharged as receiver; ... hearing ... on the 24th day of June, 1931, at 10 A. M. ... CLARENCE G. BLISS, Receiver Security Savings Bank, Beatrice, Nebraska.
Source
newspapers

Newspaper Articles (4)

Article from St. Joseph Gazette, February 19, 1930

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Article Text

DISCUSS PLANS TO SAVE FOX CO. Stockholders Will Meet and Pass on Bankers' Proposal March 5. NEW YORK. Feb. alternative plans designed to rescue the Fox Film Corporation from its financial difficulties both advanced by factions opposing the continuance of William Fox as the direct of the came light today. Stockholders will meet March to act upon the plan proposed of bankers favored by Fox to $65,000,000 worth securities. The meeting was called the suggestion of Federal Judge Coleman. before whom the receivership hearings have been held The notice to the stockholders revealed that Halsey, Stuart & Co., former bankers of the corporation, who oppose the plan favored by Fox have also submitted a plan of refinancing According to the notice to stockholders. the HalseyStuart plan the exchange of both class A stock and class B stock of the for new common stock, all of one class. The other alternative plan came from Winfield Sheehan and Saul Rogers, vice-presidents and directors of the Fox corporation. They propose to raise $40,000,000 through the sale of debenture issues and the remaining necessary funds through sale of $25,000,000 of new common stocks. NAMED BANK RECEIVER. BEATRICE Neb., Feb. clal). District Judge F. W. Messhas appointed Clarence Bliss of the state department receiver of the Hinds State Bank of Odell and the Security Savings Bank of Beat-


Article from Beatrice Daily Sun, April 24, 1930

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Article Text

VAULT prevent the the Security ings bank from fixed equipment from the bank building has been in district court The names Clarence Bliss, state bank receiver Rolland Smith sentative charge the curity bank's others and brought George Randall others are of the building The state to the door and other equipment affixed the building for disposal view of liquidating the assets being The plaintiffs set forth that they hold deeds the building which when purchased, contained all of the fixtures state planning remove. They allege that fixtures are part the building and not of the funct bank. The value of the vault is set at $3,000. MURDERED MEXICO April 24 dispatch from Puebla today said that five persons, an entire family, had been murdered their beds the result of feud between two groups agrarians. Fred James, living near Cortwas a Beatrice visitor terday.


Article from The Roanoke Times, June 27, 1930

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Article Text

NOTICE TO STOCKHOLDERS, DIRECTORS, DEPOSITORS AND CLAIMANTS OF THE SECURITY SAVINGS BANK, BEATRICE, NEBRASKA. You and each of you are hereby notified that the receiver of the above named bank has filed his final report as receiver and has made application to be discharged as receiver; that you are further notified that a hearing on said application for discharge of said receiver will be had in the court house at Beatrice, Nebraska. on the 24th day of June, 1931, at 10 A. M. or as soon thereafter as said cause may be heard. Objections to the discharge of said receiver must be filed with the clerk of the district court on or before the time of hearing above named. CLARENCE G. BLISS, Receiver Security Savings Bank, Beatrice, Nebraska. It 6-18-31


Article from The Orwell Citizen, December 26, 1930

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Article Text

NOTICE TO STOCKHOLDERS, DIRECTORS, DEPOSITORS AND CLAIMANTS OF THE SECURITY SAVINGS BANK, BEATRICE, NEBRASKA. You and each of you are hereby notified that the receiver of the above named bank has filed his final report as receiver and has made application to be discharged as receiver; that you are further notified that a hearing on said application for discharge of said receiver will be had in the court house at Beatrice, Nebraska. on the 24th day of June, 1931, at 10 A. M. or as soon thereafter as said cause may be heard. Objections to the discharge of said receiver must be filed with the clerk of the district court on or before the time of hearing above named. CLARENCE G. BLISS, Receiver Security Savings Bank, Beatrice, Nebraska. It 6-18-31