American Exchange Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 17, 1925
Location: Bristow, Nebraska (42.842, -98.585)

Metadata

Model: gpt-5-mini
Short Digest: a0ef2f9a

Response Measures

None

Description

Article (Sept 17, 1925) describes the American Exchange Bank of Bristow as 'defunct' and refers to a receiver contesting a depositor's claim. No run or reopening is mentioned; indicates bank failed and is in receivership. OCR errors in article corrected (e.g., 'defunct American Exchange bank of Bristow').

Events (1)

1. September 17, 1925 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank became insolvent/failed (defunct) and is in receivership; depositor suing over loss. No mention of runs or external shocks.
Newspaper Excerpt: defunct American Exchange bank of Bristow ... The receiver is fighting the claim
Source: newspapers

Newspaper Articles (1)

1. September 17, 1925 The Stockman's Journal Omaha, NE

Article from The Stockman's Journal, September 17, 1925

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Article Text

Farmer Says State Officers to Blame for Loss of Money Lincoln, Sept. 17.-Lars Peterson Saunders county farmer, is in supreme court seeking to secure an on the state guaranty fund for $10,000. the he holds in the defunct American Ex change bank of Bristow, Boyd county Peterson says that he would taken the money out before the bank went broke not been the state him not to do so would spell calamity for the bank. The receiver is fighting the claim Peterson made an original deposit of for $10,000. but bank got him to buy mortgage on South Later he this was a fourth stead of second as represent ed. and he made the bank officers trade back. The says that this made loan the certificate of deposit may issued money its equivalent put into the bank. and that fourth mortgage was not an equivalent of $10,000.