12798. Bank of Benson (Benson, NE)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
January 15, 1926
Location
Benson, Nebraska

Metadata

Model
gpt-5-mini
Short Digest
76da6ac6

Response Measures

Full suspension, Books examined

Description

Multiple January 15, 1926 articles report a slight run caused by vague rumors, after which the State Bank Commission (Folda) took over the Bank of Benson. Articles state the commission will conduct affairs until the bank 'comes back to solvency or its affairs are liquidated' and that the bank 'will be continued as a going concern.' No article gives a reopening or final closure date, so outcome is uncertain.

Events (2)
1. January 15, 1926 Run
Cause
Rumor Or Misinformation
Cause Details
Circulation of vague rumors in the community led to a slight run and heavy withdrawals over a few days prior to Jan 15, 1926.
Measures
Bank officers asked state bank commission to investigate and called in state authorities; commission later took over affairs.
Newspaper Excerpt
Circulation of vague rumors caused slight run on the bank
Source
newspapers
2. January 15, 1926 Suspension
Cause
Government Action
Cause Details
State Bank Commission (Omaha district) took control of the bank's affairs following the run; affairs to be conducted by commission until solvency or liquidation.
Newspaper Excerpt
Folda, commissioner for the Omaha district of the State bank commission, today took over the affairs of the Bank of Benson
Source
newspapers

Newspaper Articles (6)
1. January 15, 1926 The Columbus Telegram Columbus, NE
Article from The Columbus Telegram, January 15, 1926

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Article Text

SUBURBAN BANK AT BENSON IS CLOSED Circulation of Vague Rumors Reported Cause of Run Omaha, Jan. 15 Folda commissioner for Omaha district of the State bank commission, today took over the affairs of the Bank of Benson. at Benson, an Omaha suburb. Affairs of the institution will be conducted by the bank commission until the bank comes back to solvency or its affairs are liquidated, Folda an nounced. N. H. Tyson. president of the bank said there is no possibility of failure. Assets of the bank are more than $1. 000,000, he said. Circulation of vague rumors caused sligh: run on the bank and officers of the institution thought it best to call in state commission authorities to investigate. J. T. Pickard, vice. president of the bank. said.

2. January 15, 1926 Fremont Tribune Fremont, NE
Article from Fremont Tribune, January 15, 1926

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Article Text

BENSON BANK IN HANDS OF STATE Sudden Run Cause of Action 15. the Omadistrict the state bank mission today took over the affairs of the Bank of Benson at an Omaha suburb. Affairs the stitution will be conducted by the bank commission until the bank or assets are liquidated. Folda announced. H. Tyson, president of the bank said there no of more than dollars, he said. Circulation of vague rumors caused run on the bank and officers of the Institution thought call in state authorities to Pickard of the said. bank has frozen real estate loans, all of which are good. but cannot be at the present time. Deposits the bank were in excess of $900,000 until few days ago the began. bank will be continued as going Kirk Grigge head of the state banking declared. "The cannot lose because they are by the forestall failure and pay obligations in short time.

3. January 15, 1926 The Falls City Journal Falls City, NE
Article from The Falls City Journal, January 15, 1926

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Article Text

RUMOR FORCES BANK'S CLOSING Bank of Benson, in Omaha Suburb, Put in Hands of State Banking Commission Today. Omaha, Jan. 15 (U.P.) Folda, commissioner for the Omaha district of the state banking commission, today took over the affairs of the Bank of Benson, at Benson, an Omaha suburb. The affairs of the institution will be conducted by the commission until the bank comes back to solvency or is liquidated. N. H. Tyson, president of the bank, said there is no possibility of failure as the assets of the bank are more than million. Circulation of a vague rumor caused a slight run on the bank. Officers of the institution thought it best to have the state department investigate, J. T. Pickard, vice president, said. It is understood that the bank has considerable frozen real estate loans, all of which are good but cannot be moved at the present time. Deposits exceeded $900,000 until a few days ago, when the run began. "The bank, will be continued as a going concern," Kirk Griggs, head of the state banking department, de-

4. January 15, 1926 The Hastings Daily Tribune Hastings, NE
Article from The Hastings Daily Tribune, January 15, 1926

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Article Text

Will Be Continued as Going Concern, Griggs Announces. OMAHA, Jan. Folda. commissioner for the Omaha district of the State Bank commission, today took over the affairs of the Bank of Benson at Benson, Omaha suburb. Affairs of the institution will be conducted by the bank commission until the bank comes back to solvency its assets are liquidated, Folda announced. N. H. Tyson, president of the bank, said there is no possibility of failure. Assets of the bank are dollars, he said. Circulation of vague rumors caused slight run on the bank and officers of the institution thought it best to call in state commission authorities, to investigate, Pickard, vice president of the bank said. It is understood that the bank has considerable "frozen" real esall are good, but cannot be moved at the present time Deposits of the bank were in excess of $900,000 until few days when the run began "The bank will be continued as going concern," Kirk Griggs. head the state banking department declared. "The depositors cannot lose cent because they are protected by the guaranty fund. and expect to forestall failure and pay up all obligations short time.

5. January 15, 1926 The McCook Daily Gazette McCook, NE
Article from The McCook Daily Gazette, January 15, 1926

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Article Text

FALSE RUMORS PUT BANK STATE COMMISSION Institution With A Million In Assets Cramped Temporarily Omaha, Jan. Folda, commissioner for the Omaha district of the state bank commission today took over the affairs of the bank of Benson, at Benson, an Omaha suburb. Affairs of the institution will be conducted by the commission, until the bank comes back to solvency assets are liquidated, Folda announced. Tyson, president of the bank, said there possibility of failure. Assets of the bank are more than million dollars, he said. Circulation of vague rumors causthe bank, and the institution thought it best call in state authorities to investigate, Pickard, vicepresident of the bank said.

6. January 15, 1926 York News-Times York, NE
Article from York News-Times, January 15, 1926

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Article Text

Commissioner Takes Over the Benson Bank commissioner for the Omaha district of the state hank commission, today took over the affairs of the Bank of Benson, at Benson. an Omaha suburb. Affairs of the institution will be conducted by the bank commission until the bank comes back to solvency or its assets are liquidated, Folda announced. N. H. Tyson, president of the bank, said there is no possibility of failure. Assets of the bank are more than million dollars, be said. Circulation of vague rumors caused a slight .run on the bank and officers of the Institution thought 11 best to call in state authorities to investigate J. T Pick: ard. vice president of the bank said It is understood that the bank has considerable "Trozen" real estate loans, all of which are good but cannot be moved at the present time. Deposits of the "bank were in ex cess of $900,000 until a few days ago when the run began. "The bank will be continued as going concern. Kirk Griggs, head of the state banking department declared. "The depositors carnot lose cent because they are protect ed by the guaranty fund, and we expect to forstall a failure and pay up all obligations in short time.