Bank of Beaver City - Beaver City, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 20, 1931
Location: Beaver City, Nebraska (40.138, -99.830)

Metadata

Model: gpt-5-mini
Short Digest: ca024ac2

Response Measures

None

Description

Article (The McCook Republican, 1932-05-13) reports the Bank of Beaver City suspended Nov. 20 (inferred Nov 20, 1931) and reopened the Tuesday before publication (May 10, 1932). Suspension appears to be due to insolvency/recapitalization by stockholders (bank-specific adverse information). Dates: year for Nov. 20 inferred from context (previous year).

Events (2)

1. November 20, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended and later reorganized/recapitalized by stockholders, indicating insolvency or capital shortfall.
Newspaper Excerpt: The bank ... suspended November 20.
Source: newspapers

2. May 10, 1932 Reopening

Newspaper Excerpt: The bank of Beaver City, reorganized, recapitaized and made solvent by stockholders, reopened for business Tuesday.
Source: newspapers

Newspaper Articles (1)

1. May 13, 1932 The McCook Republican McCook, NE

Article from The McCook Republican, May 13, 1932

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Article Text

Failed Bank Reopen The bank of Beaver City, reorganized, recapitaized and made solvent by stockholders, reopened for business Tuesday. The bank suspended November 20, Capital stock of the bank is $30,000. Keiser ident Brown, vice president and Nickerson, cashier. The bank reopening made gala occasion. Classes dismissed in the city schools. The school childheaded by band marched to the bank. Robert Scott. Civil war veteran was the first depositor.State Journal.