12817. State Bank (Blair, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 19, 1924
Location
Blair, Nebraska (41.544, -96.125)

Metadata

Model
gpt-5-mini
Short Digest
99e93f28

Response Measures

None

Description

The articles describe the State Bank of Blair being taken over by the Nebraska Guaranty Fund Commission (taken over June 19, 1924) and later sold to the Farmers State Bank, Blair (sale reported Dec 1927). No contemporaneous depositor run is described; the bank was in receivership/commission control and ultimately sold, i.e., permanently closed as an independent institution.

Events (3)

1. June 19, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Taken over by the Nebraska Guaranty Fund Commission on June 19, 1924 after the bank failed; guaranty fund paid depositors and commission administered the affairs while assets were salvaged.
Newspaper Excerpt
sale of the bank to the Farmers State bank Blair. Sale of the bank, which was taken over by the commission on June 19, 1924, includes all capital and fixtures the institution.
Source
newspapers
2. December 8, 1927 Receivership
Newspaper Excerpt
Guaranty Fund To Lose $220,000 of $220,000 will sustained by the Nebraska Guaranty Fund commission on the State Bank Blair, defunct, It was announced ... Sale of the bank, which was taken over by the commission on June 19, 1924, includes all capital and fixtures the institution. It was announced. ... following sale of the bank to the Farmers State bank Blair. Sale of the bank, which was taken over by the commission on June 19, 1924, includes all capital and fixtures the institution. It was announced.
Source
newspapers
3. * Other
Newspaper Excerpt
The record made in salvaging the ... State bank of Blair ... the agent paid depositors $368,000 in the course regular ... the agent paid ... proceeds and questioned ... guaranty fund paid original deposits ... $942,072 on the date when the bank ... was taken over ... commission began administering its affairs ... reimbursed the fund to the extent ... from the assets ... reimbursed the fund to the extent ... leaving net draft upon the fund.
Source
newspapers

Newspaper Articles (2)

Article from The Lincoln Star, November 25, 1927

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Article Text

GUARANTY FUND SAVED BIG SUM (Continued from Page One.) day his leave only ultimately to be He sat the sipppaid by guaranty fund, out of of coffee ing original deposits to on the table before him. $942,072 on the date when the bank Asked About Invitation. taken over, three years and five Carol's attention called to months ago. printed morning newsThe record made in salvaging the paper that the peasants partv had sent him an invitation return State bank of Blair is decided conhis land Asked trast to that in the case of another about this report, the former crown large institution in the same city, replied: the must still await further events house of Castetter, in Rumania The Press which failed in March, 1921, owing that the peasants party has depositors This bank sent me an return was receivership for years once. Ihave not seen such and three months, before the guaranty fund commission came "The conditions which recently took over control outlined to you regarding mv return of Its affairs in June, to Rumania cannot out Ways. M. Bratianu's death. Where prefer no for holding net the the But decisive guaranty fund on my part matter of days, not instance. Castetter receiver drew upon the fund "Whether return to Rumania for several years ago king member of the council notes addition regents simply Prince Carol more to pay the deposidecided until arrive in Since commission began administering latter affairs Titulescu Gravely has the notes Nov. and reimbursed the Foreign Minister Titulescu Rufund to the extent out mania. ill with what from the assets, thus leaving flammation the lungs, net draft upon the fund. reports Secretary was first ing assets the Castetter described as influenza, but yield about more Should reported he is now critithis the condition. guaranty fund burden further to Nov. N. Even that, the commis- were here sion could day that Prince Carol down the the fund almost much airplane, en route to Bucharest. Castetter bank failure as drain upon involved wind- Prince Carol gave the Internaup the State Bank tional News Service the managed Paris this morning stating that from start to finish. return in hurry to both located in the same town and same condition when taken over, inasmuch the NEW ATTEMPT State bank of Blair had posits than etter bank had, the vastly better SEEN ON LIFE the stands tribute efficient work the fund OF O'CONNOR sion, the ceivership which failed banks were and which ate up large part Three Armed Men, Lurktheir assets. How It Was Done. The ing Near Chicago OffiState Bank Blair continued going cial's Home, Taken. which put one agents charge. the and five months has elapsed Nov. since came into the the of hands, the agent paid depositors Chief Detectives William $368,000 in the course regular the second week was reducing the liabil- thwarted here kind to today when detectives swooped down hiding cent of the latter with loaded sum, near being paid the pistols their remaining from the The rushed to the ceeds and questioned. credits still on hand to the lenly Farmers gave State bank. police believed latter institution paid refused talk for the fixthe bank Blair and Abraham ChezThis the full which alias Chase carried on the had been made There were liberty on hand Chief the face value These chieftain the State bank tempted chief the the brought office The from that item up above with assault with inCredit was also given by the purattempted attack tochasing bank the Chief other coming the from the Peter home powfund, customers' over- the and to drafts of personal friend ganster leaders. Three farms by the State bank under contracts March next, MOSELEY FILES were taken the other bank their face discounted for the intervening period CONGRESS would done ordinary commercial transfrom Page One. purchasing bank paid face That of educafor notes be with secretary $150,637 cabinet. There in the State bank Favor the present policy of Blair Part by attention given to the added to the the rights going items, pay the the people first district 50 per cent deposits Expects to Oppose Morehead. Nominal assets left, on which the In capitol hopes realize about filing his total including Mr. Moseley he said anticipated notes, and $10,000 estate. on the Bank's Showing ticket. He make When house race, should the primary, under 1921, Hart, any trade might became official receiver candidate placed Fred Tecumseh younger generation banker in The prev- His failure, had man- public career thus comprises by its Clar- terms the lower branch president, was filed against the sions 1915, 1921. the latter alleging improper banking those different he served several After from the finance, insurance, fund issuing cities towns. pay He native 41 years depositors, the Moseley, make the been for fund the time the guaranty years law and fund was estate took the As previously fore stated, commission has practice Omaha the to the fund since then. Gurley Paid notes, His was expects return $70,000 more celved the public schools University Nebraska, operating cost of the Cast- from was He studied first two three versity his mission the time the Indian estates shown by the the federal interior four years Moseley has been active three months which being been looking after the up to September 1920 made has spent Leonard Wood for president In the the of by the During the few weeks he has the cost for made addresses three noints in the district the bank six years and nine his home caster county as well as in months. locality.


Article from The Nelson Gazette, December 8, 1927

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Article Text

LATEST NEBRASKA NEWS OF INTEREST PREPARATION FOR CHRISTMAS MAILING Shop Now And Mail Early For Early Delivery Post offices will make to handle the Christmas mails without congestion and delay, but owing to the enormous volume this can be done only with the co-operation of the public. Compliance with the following suggestions will greatly aid the Post Office and insure the prompt handiing of your mail. All parcels must be securely wrapped or packed. Use strong paper and heavy twine. Articles easily broken or crushed must be crated or securely wrapped. Addresses should be complete, with house number and name of street, post-office box or ruralroute number, and typed or painly written in During the holiday time the volume of mail increases approximately 200 per cent. It is physical impossibility to handle this great mass of mail matter efficiently and promptly within few days. Therefore to insure delivery of their Christmas presents, cards and letters by Christmas Day the public should Shop and Mail Early. Written matter in the nature of personal correspondence can not be inclosed in parcels. All valuable mail should be insured. Mail Not Later Than: Friday, Dec. California, Oregon, Washington. Maine, Vermont, New Hamp shire, Massachusetts, Connecticut, Rode Island. Saturday, Dec. Alabama, Florida. Georgia, Louisiana, Mississippi, North Carolina, Texas, Virginia, South Carolina. Monday, Dec. Arizona, Delaware, District of Columbia, Idaho, Maryland, Montana, Nevada, New Jersey, New Mexico, New York, Pennsylvania, West Virginia, Utah. Tuesday, Dec. 20th-for Arkansas, Colorado, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Ohio, Oklahoma, Tennessee, Wisconsin, Wyoming. Wednesday, Dec. Illinois, Iowa, Kansas, Missouri, Nebraska, So. Dakota. Thursday, Dec. local delivery. Boone County Proud Of Boys people of this vicinity turned out enmass recently to honor the victorious stock judging team which won the national contest at Memphis. This team of three farmer boys won the state contest at Lincoln, and then met the victorious teams from other states Memphis, which entitles the members to represent the United States in the international contest to be held in England next July. And one of this team held the high score of points for individuals among the hundreds of contestants at the national contest. Now the question arises how to finance the team's expenses to England next summer. Walter Head of Omaha contributed the $300 to pay the of the Nebraska team to Memphis. This victory of Nebraska it felt, will great incentive to the nine thousand stock club members in the state. This club work among the boys and girls is considered by leading educators and agricultural experts to be of incalculable value to the state. Historic Spot Marked dedicatory exercises were held under the auspices of the Nebraska State Bociety for the marker which has been placed on the spot where Company of the First Nebraska regiment was mustered into service on June 1861. Four of the men who originally enlistin the company are still living. they being Col. Thomas Majors and Wilson Majors of Peru, Charles McPherson of Republican City, and Charles D. Smith of Palm City, Calif. Many descendants of members of the company reside in this vicinity. Guaranty Fund To Lose $220,000 of $220,000 will sustained by the Nebraska Guaranty Fund commission on the State Bank Blair, defunct, It was announced Van Peterson following sale of the bank to the Farmers State bank Blair. Sale of the bank, which was taken over by the commission on June 19, 1924, includes all capital and fixtures the institution. It was announced. 79 Conventions Held In Omaha 16 conventions scheduled for Omaha in December, the total number of conventions this year will be as compared with 82 last year. While there have been fewer meetings the attendance larger than for 1926, Chamber of Commerce officials said. thousand persons have come to Omaha this year so far for conventions and the total is expected to approximate as compared 39,000 last year. conventions have been secured for 1928 thus far. Wins Prize On Onion Weighing Pound onion. tipping the scales at slightly more than one pound and with circumference of thirteen and one-half inches, is the pride of Landis Storm. truck gardener, who thinks he may hold national record for onion growing. An Iowa seed which offered prize for the largest onion submitted, gave $15 to Mr. Storm as the winner. Mr. Storm raised 400 bushels of onions from four pounds of seed on one acre of ground. The netted him around nine hundred dollars.