12772. Beemer State Bank (Beemer, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1928*
Location
Beemer, Nebraska (41.930, -96.812)

Metadata

Model
gpt-5-mini
Short Digest
e28b6e05

Response Measures

None

Description

Contemporary articles state the Beemer State Bank collapsed in 1928 after its president embezzled about $1,000,000. No run is described in the provided texts; the bank closed in 1928 and a fugitive president was later arrested (1931). Dates in articles refer to 1928 collapse and 1931 arrest. I corrected OCR artifacts (e.g., fragmented phrases) and used 1928 as the year of suspension/closure per the articles.

Events (3)

1. January 1, 1928* Receivership
Newspaper Excerpt
fugitive for whom $3,150 reward was offered after the closing of the bank in 1928. Police said Wupper told them he fled ... because he had taken so much money and the bank held quantity of assets that could not be liquidated.
Source
newspapers
2. January 1, 1928* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Collapse following large embezzlement by the bank's president (about $1,000,000) making assets illiquid.
Newspaper Excerpt
the Beemer, Neb., State bank, which collapsed in 1928.
Source
newspapers
3. April 2, 1931 Other
Newspaper Excerpt
Paul Wupper ... identifying himself as the former president and embezzler $1,000,000 from the Beemer bank. Wupper was held for extradition after arrest as bigamist; police said Wupper told them he fled to New York when bank examiners visited the Nebraska institution in 1928.
Source
newspapers

Newspaper Articles (2)

Article from The Des Moines Register, April 2, 1931

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Article Text

NEBRASKA BANK FUGITIVE FOUND Gives Self Up After Arrest As Bigamist. PHILADELPHIA (AP) Paul Wupper. also known as Freder ick Brinkman, facing bigamy charges in the municipal court Wednesday startled court officials by identifying himself as the former president and embezzler $1,000,000 from the Beemer bank. state institution of BeemWupper was held for extradition after police had identified him as the fugutive for whom $3 150 reward was offered after the closing of the bank in 1928. Police said upper told them he fled to New York when bank examiners visited the Nebraska institution in 1928 because he had taken so much money and the bank held quantity of assets that could not be liquidated. Hid in New Jersey. He told of then going to TrenN. where became su perintendent of an electric company His bigamous marriage, he said was contracted here last year when he was by Police Magistrate John P. Grelis He said he left his second wife when he lost his position. Felt He'd Be Caught. Wupper told the authorities he had got tired of being hunted "I felt that or later would be caught he was quoted by police as saying and thought this was good time to make clean breast of things and case my 'I had been president of the First Wife at Beemer. His first wife police stated is finance Caroline Windshum Wupper, who Tr lives in Beemer with their two daughters. After Wupper's confession. the authorities communicated with M. L. Endres sheriff of Lincoln Neb., who wired back. Further identification of the was found in in the rogue's gallery Police said wered the description of fugitive 52. tall and slender who speaks German fluently Shares Shares


Article from The Tennessean, April 9, 1931

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Article Text

Given 110 Years by Home Folks WEST POINT. Neb., April day was imposed on Paul Wupper, who immigrated from Germany to become president of the Beemer. Neb., State bank, which collapsed in 1928. He pleaded guilty in district court to 10 forgery offenses, each which contained counts. For each offense he was fined $500. For the first he was sentenced to 20 years in prison, and for each the nine others years. The Judge Clinton Chase said. would run Wupper, who is 54 years old. for more than dozen years ruled Beemer mayor. Marital troubles in Philadelphia where was held for bigamy, led to his return to Nebraska. DENY CAROL'S AFFINITY WASHINGTON, April Published reports that King Carol II, soon might announce his engagement to princess of the house of Bourbon were denied night by the Rumanian legation in formal statement.